Best Practices for Directors of Privately Held, Financially Distressed Companies
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Best Practices for Directors of Privately Held, Financially Distressed Companies
By Christopher R. Donoho III, Partner & Christopher R. Bryant, Counsel, Hogan Lovells US LLP
Private equity firms routinely appoint directors to boards of their privately held portfolio companies and other investment vehicles, some of which will eventually face financial distress. Often, a person appointed to a board by a private equity firm has a relationship with the firm (e.g....
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Christopher R. Bryant is a counsel in Hogan Lovells US LLP’s Business Restructuring and Insolvency practice in New York. He acts for financial institutions and other clients in connection with distressed acquisitions and divestitures, Chapter 11 cases, and out-of-court restructurings and workouts.
Christopher R. Donoho III is a partner and head of Hogan Lovells US LLP’s Business Restructuring and Insolvency practice for the United States. He represents private equity clients or their portfolio companies in financially troubled situations, advising on refinancings, divestitures, or Chapter 11 bankruptcy reorganizations.
