Law360, New York (October 22, 2007, 12:00 AM EDT) -- The Bankruptcy Code in its current form has not kept up with the developments in the financial industry. Its structure, while adequate for old-economy manufacturing entities, is not well-suited to cases involving intellectual property-heavy or portfolio companies funded by the private equity and hedge fund industries, says John Monaghan of Holland & Knight in our series of chats with high-profile bankruptcy lawyers.
Q. What's the most challenging bankruptcy you've worked on, and why?
A. Far and Wide Travel and its eight affiliates. The debtors were all...
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