Hanjin Is a Cautionary Tale for Distressed Investors
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Hanjin Is a Cautionary Tale for Distressed Investors
By Jay M. Goffman, Partner & Christine A. Okike, Associate, Skadden, Arps, Slate, Meagher & Flom LLP
It has become increasingly common for foreign companies subject to pending insolvency proceedings abroad to utilize Chapter 15 of the U.S. Bankruptcy Code to achieve their global restructuring goals. However, despite the growing number of Chapter 15 cases, uncertainty remains as to the role of...
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Christine A. Okike is an associate in the Corporate Restructuring Group of Skadden, Arps, Slate, Meagher & Flom LLP. She represents public and private businesses and their stakeholders in all stages of complex restructuring transactions, including prepackaged, prearranged, and traditional Chapter 11 cases, out-of-court workouts, and distressed M&A transactions. Okike holds a bachelor’s degree from Brown University and a law degree from Columbia Law School.
Jay M. Goffman is the global co-head of Skadden’s Corporate Restructuring Group. He has led transformational restructurings and transactions encompassing virtually all major worldwide industries. Mr. Goffman has repeatedly been selected as one of the leading restructuring lawyers in the world by numerous corporate restructuring and legal organizations, including Turnarounds & Workouts, Chambers USA, and Chambers Global, among others, and was named among “The Decade’s Most Influential Lawyers” by The National Law Journal in 2010.
