Davis Polk partner and Restructuring co-head Damian Schaible was quoted in a Turnarounds & Workouts’ feature on the outlook for bankruptcies in 2022. Damian said, “Until inflation and rising rates change the picture, 2022 is likely to be more of the end of 2021 — where new capital is available to many companies that would in more normal times be distressed, and this dynamic, together with loose documents, will lead to more amend-and-extend and liability management transactions.”

“2022 Outlook” appeared in Turnarounds & WorkoutsJanuary 2022 issue.