Bankruptcy Practice: Dewey & LeBoeuf

Law360, New York (August 25, 2008, 12:00 AM EDT) -- Bankruptcy practices will need to reinvent the way they advise clients as more companies seek to avoid getting blindsided by losses that lead to drastic restructuring measures, according to Martin Bienenstock, head of Dewey & LeBoeuf LLP’s Business Solutions and Governance Group.

Bienenstock said the boards of distressed companies are experiencing “shock and awe” from sudden losses that can lead to bankruptcy, but that such situations could largely be avoided with better governance. He said governance mistakes that plagued companies in the past continue to haunt...
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