Vince Buccola

Vince Buccola, a law professor at the University of Chicago specializing in financial distress, and Lara Sheikh, a bankruptcy legal analyst at 9fin, dive into the fascinating world of backstop fees in rights offerings and DIP financings. They dissect the implications of the ConvergeOne decision and reveal how backstop parties recover significantly more compared to non-participants. They also explore empirical research on backstop commitments, addressing valuation challenges and the surprising minimal risk faced by most backstops. It's an insightful session filled with vital trends and legal nuances!