Distressed Situations

In this episode, Amber Sefert of Trimont Real Estate Advisors joins Reed Smith partner Keith Aurzada to discuss the basics to loan defaults and workouts.

Kathleen Garrett is joined by Andrew Harper to review the Cape Town Convention. They discuss questions such as what is the Cape Town Convention, and how does it apply to the aviation industry in insolvency proceedings? What and whom does it apply to? What are the biggest challenges facing Cape Town Convention aviation-related restructures?

Kathleen Garrett takes you on a whistle-stop tour of distress in the UK energy supply market in Q4 2021, the applicable insolvency procedures, and likely reform measures six months on.

As part of our commitment to help clients know the options, London-based Reed Smith Restructuring & Insolvency partner Kathleen Garrett explores the positions of global courts regarding which insolvency proceedings fall within the ambit of Alternative A of Article XI of the Aircraft Protocol to the Cape Town Convention on International Interests in Mobile Equipment (CTC), and what this means for frequently needed restructuring reliefs, such as repudiation and amendment of contracts and repossession of affect assets.

Reed Smith partner Keith Aurzada is joined by former bankruptcy judge Leif Clark for a discussion of how independent directors can assist in navigating difficult waters for members of boards of directors.

President and Head of Restructuring and Distressed M&A of Gordian Group, Peter Kaufman, discusses the value of investment banking services to distressed companies. Joined by Reed Smith partner Keith Aurzada, Peter gives a “lighting round” description of a number of investment banking terms and concepts (and the occasional movie reference).

Reed Smith partner Keith Aurzada and principal at Novo Advisors, retired Reed Smith partner Claudia Springer tackle the subject of mediation in difficult financial disputes. Claudia shares insight into how mediation helps parties understand the value of settlement and resolution, over allowing important disputes to linger.

The beauty industry is being disrupted by various business and legal issues. Danielle Garno, a Reed Smith partner who focuses her practice on this industry, provides her insights in this constantly changing sector.

Reed Smith’s Keith Aurzada joins John Little of Deloitte Transactions and Business Analytics LLP for a discussion of just what working capital is, and how improving working capital can lead to cash balance improvements.

Mike Musso of KPMG joins Reed Smith’s Keith Aurzada for a discussion about the beauty industry. Mike provides valuable insight into recent disrupters in the industry including fragmentation, the direct-to-consumer phenomenon, and the impacts of COVID-19.

Reed Smith partner Keith Aurzada is joined by Amber Sefert of Trimont for a discussion of a lender’s perspective on forbearance and receiverships. While these items are most often specific to each individual case, Amber does an excellent job of describing the basic terms for forbearance agreements and receiverships.

Steven Fleming of PricewaterhouseCoopers joins Keith Aurzada of Reed Smith to talk about the challenges of liquidity management in times of distress. Steven walks through the process of cash forecasting and demystifies the thirteen week cash flow forecast (a/k/a the “Thirteen Weeker”).

If you can recognize the warning signs of oncoming distress, you might be able to duck some of the damage. Pittsburgh-based associate Amy Kerlin shares ways to recognize such warning signs and what do to about them. Amy’s focus on clear and consistent communication brings a fresh look on what can be a difficult topic.

Keith Aurzada and Michael Venditto share insights about the current restructuring environment, as well as some anecdotes about practicing bankruptcy law.

Distressed Situations host Keith Aurzada discusses issues in valuation with Stephen DuPlantis, a career valuation professional who has valued assets all across North America, including the iconic King Ranch.

Asset sales under Section 363 of the Bankruptcy Code are a restructuring tool that can benefit buyers, as well as sellers and their creditors. Michael Venditto, a member of Reed Smith’s Restructuring and Insolvency team, joins Getzler Henrich & Associates Managing Director Mark Podgainy to explain the risks, benefits and opportunities of the sale process in Chapter 11 cases.

Members of Reed Smith’s international restructuring practice – Volker Kammel in Frankfurt, Patrick Schumann in London, and Michael Venditto in New York – have a transatlantic conversation about restructuring options in Germany, the United Kingdom and the United States.

The restaurant and retail industries were among the hardest hit by lockdowns this past year, and some locations failed while others persevered. Peak Franchise Capital founder and Managing Partner Mike Elliott and Reed Smith partner Keith Aurzada describe how this important sector used ingenuity to make it through this difficult time, and how it looks going into the future. For more information, please visit Reed Smith's Restructuring & Insolvency page or follow us on our Financial Industry Group Linkedin.

What will it take for a full recovery of the hospitality sector – including restaurants, hotels, casinos, group travel and the cruise industry? Reed Smith Restructuring partner Michael Venditto and Ankura Managing Director Alex Sorokin discuss the state of the industry now and possible rebound scenarios in 2021. For more information, please visit Reed Smith's Restructuring & Insolvency page or follow us on our Financial Industry Group Linkedin.

Reed Smith restructuring partner Michael Venditto and Andrea Pincus, senior counsel at Santander Bank, discuss the business challenges faced by in-house counsel during the pandemic and the environment that lenders expect over the coming months. For more information, please visit Reed Smith's Restructuring & Insolvency page or follow us on our Financial Industry Group Linkedin.