Media Mentions
Another busy year: Schulte partner Doug Mintz featured in Turnarounds & Workouts Annual Survey
February 8, 2024
Schulte Roth & Zabel partner Doug Mintz was featured in the latest issues of Turnarounds & Workouts where he discussed the restructuring activity of 2023 and shared his insights on what is in store for the restructuring industry in 2024.
He explained how the firm saw an uptick in restructuring activity in 2023 and introduced the special situations team to strategically address the massive market changes. Doug also detailed how increased liquidity in the market has led to higher credit costs and interest rates. He stated that the biggest challenge facing restructuring advisers is the ever-accelerating nature of the restructuring process. While this acceleration creates opportunities for more creative dealmaking, it also comes with its own set of challenges.
Doug also shared his perspective on the potential outcome and impact of the Harrington v. Purdue Pharma L.P. Supreme Court matter, which he considers one of the most important bankruptcy matters of 2023. He said the case could reshape corporate accountability and affect the ability of victims to seek redress.
Learn about the firm's Business Reorganization Group here and the Special Situations Group here.
Related Insights
Alerts
On Feb. 16, 2024, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury (“Treasury”), issued a notice of proposed rulemaking (“Proposed Rule”)[1] continuing the process of implementing regulations to combat illicit finance risks posed by abuse by some in the real estate market. The Proposed Rule would require certain persons involved in residential real estate closings and settlements to submit reports (“Real Estate Reports”) and keep accurate records of certain non-financed transfers of US residential real property. The reasoning behind the Proposed Rule is explained extensively in FinCEN’s December 2021 Anti-Money Laundering Regulations for Real Estate Transactions Advanced Notice of Proposed Rulemaking, which discusses “the opacity of shell companies or other legal entity structures to mask true beneficial ownership of a property and their involvement in real estate transactions.”[2]
Alerts
On Feb. 16, 2024, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury (“Treasury”), issued a notice of proposed rulemaking (“Proposed Rule”)[1] continuing the process of implementing regulations to combat illicit finance risks posed by abuse by some in the real estate market. The Proposed Rule would require certain persons involved in residential real estate closings and settlements to submit reports (“Real Estate Reports”) and keep accurate records of certain non-financed transfers of US residential real property. The reasoning behind the Proposed Rule is explained extensively in FinCEN’s December 2021 Anti-Money Laundering Regulations for Real Estate Transactions Advanced Notice of Proposed Rulemaking, which discusses “the opacity of shell companies or other legal entity structures to mask true beneficial ownership of a property and their involvement in real estate transactions.”[2]
Alerts
On Feb. 16, 2024, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury (“Treasury”), issued a notice of proposed rulemaking (“Proposed Rule”)[1] continuing the process of implementing regulations to combat illicit finance risks posed by abuse by some in the real estate market. The Proposed Rule would require certain persons involved in residential real estate closings and settlements to submit reports (“Real Estate Reports”) and keep accurate records of certain non-financed transfers of US residential real property. The reasoning behind the Proposed Rule is explained extensively in FinCEN’s December 2021 Anti-Money Laundering Regulations for Real Estate Transactions Advanced Notice of Proposed Rulemaking, which discusses “the opacity of shell companies or other legal entity structures to mask true beneficial ownership of a property and their involvement in real estate transactions.”[2]