2013 was another landmark year for the United States Department of Justice’s Antitrust Division. Despite severe budgetary restrictions, hiring freezes, and a 16-day government shutdown,...

Syndicated term loans continue to adopt selected features traditionally found in high yield bonds. The implications of this trend and the related risks are important to the credit decisio...

Interested parties in the largest and most complex bankruptcy cases are increasingly turning to mediation as a means of reaching consensual plan terms, in addition to more targeted mediat...

The Chinese government has substantially beefed up its anti-corruption enforcement in recent years, resulting in arrests and trials of high-level state officials and prominent executives ...

Despite pressure on US public companies to adopt certain governance practices, a review of the largest initial public offerings (in terms of deal size) show that newly public companies co...

Corporate governance remains a hot topic worldwide this year, but for different reasons in different regions. In the United States, this year could be characterised as largely ‘business...

In a recent guest commentary in Risk Magazine (subscription required), Annette Nazareth and Jeff Dinwoodie of Davis Polk’s Financial Institutions Group discuss several key questions con...

Two recent bankruptcy court decisions have increased uncertainty over the right of secured creditors to credit bid in sales of debtors’ assets. Relying on and expanding a rarely used ?...

COMMENTARY BY MARSHALL HUEBNER As Detroit nears a crucial point in its restructuring, what lessons does the city’s historic bankruptcy offer troubled municipalities? Efforts by municipa...

As the pace of Chapter 11 filings jumped in the aftermath of the 2008 financial crisis, bankruptcy courts found their resources increasingly stretched. The number of Chapter 11 ‘mega-ca...