This chapter explores the challenges and responsibilities of restructuring experts appointed by the court against the will of the company in contested situations. It discusses the need for impartiality, independence, and dual roles as experts navigate unexpected scenarios and legal battles to propose and amend restructuring plans. The chapter sheds light on the complexities faced by restructuring experts in balancing stakeholder interests and legal guidelines to ensure fair outcomes in restructuring processes.
In the latest installment of our Coversation with Reorg series, Reorg’s Legal Director, Shan Qureshi, interviews Freshfields' restructuring expert, Michael Broeders, about his role in McDermott’s WHOA this year.
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