Damian Schaible Quoted in Law360 Discussing How the Coronavirus Will Affect the Restructuring Sector

Davis Polk partner Damian Schaible was quoted in an article from Law360 discussing how the coronavirus (COVID-19) will affect the U.S. economy, particularly the restructuring sector. Schaible noted that in restructuring, he expects challenges will come mainly from a reluctance to fund bankruptcy plans from existing creditors, which might result in more Chapter 7 liquidations than Chapter 11 reorganizations. 

‘Safe’ Sectors Like Schools, Real Estate May Feel COVID Pain” (March 20, 2020) (subscription required)

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