“Exercising Independence in Restructuring – The Path to Better Governance” by Bankruptcy and Restructuring partner Adam C. Rogoff and associate Priya K. Baranpuria was published by the New York Law Journal on Sept. 21, 2018. The article examines the rising number of distressed companies which are appointing independent directors or managers prior to filing for bankruptcy. While the use of independents can aid the overall restructuring process, the failure to follow best practices can also hinder or delay the restructuring. Among other factors, a key practice is appointing a truly disinterested person who acts on the advice of appropriate professionals.

Read the full article here.