Togut, Segal & Segal co-authors article with Cleary Gottlieb in the ABI Journal addressing the treatment of shareholders under foreign law and the U.S. Bankruptcy Code

In the April 2021 edition of the American Bankruptcy Institute Law Journal, partner Kyle J. Ortiz and co-authors Richard J. Cooper and Thomas S. Kessler of Cleary Gottlieb Steen & Hamilton LLP discuss the treatment of equity under foreign law and the U.S. Bankruptcy Code.  As more and more restructurings involve cross-border issues, the article provides key insights on how shareholders may (or may not be) impacted by the insolvency laws of varying— and sometimes competing—jurisdictions.