The Role Of Public Relations In Municipal Restructuring
By Dan Zacchei (July 18, 2017, 5:32 PM EDT) -- The commonalities between municipal and corporate restructuring situations are obvious and extensive. After all, they both function to achieve the fairest possible outcome when a debtor can no longer pay what it owes to its creditors.
However, the lessons of the past few years highlight that municipalities, creditors and restructuring professionals must not discount some of the nonfinancial and legal factors that make Chapter 9 and Chapter 11 vastly different. One of the biggest distinctions between a corporate and municipal restructuring is the outsized role that the media, politics and stakeholder communications play in shaping the situation's outcome.
Case in point:...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!