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GREENBERG TRAURIG LLP: Greenberg Traurig Named Restructuring Law Firm of the Year–Middle Markets at Turnaround Atlas Awards

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Greenberg Traurig, LLP issued the following announcement on Jan. 26.
Global law firm Greenberg Traurig, LLP was named Restructuring Law Firm of the Year for Middle Markets at Global M&A Network’s 12th Annual Turnaround Atlas Awards held virtually, Jan. 21-22. According to the Global M&A Network website, the Awards honor excellence from the restructuring, insolvency, distressed investing, and M&A industries in categories of best value-creating transactions, outstanding firms, top professionals, and legendary leaders.
The firm also received the following awards:
Middle Market Chapter 11 Restructuring of the Year for its role in the Senior Care Centers Chapter 11 restructuring and refinance. ....

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Greenberg Traurig Named Restructuring Law Firm of the Year–Middle Markets at Turnaround Atlas Awards

Greenberg Traurig Named Restructuring Law Firm of the Year–Middle Markets at Turnaround Atlas Awards
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Global law firm Greenberg Traurig, LLP was named Restructuring Law Firm of the Year for Middle Markets at Global M&A Network’s 12th Annual Turnaround Atlas Awards held virtually, Jan. 21-22.
“We are honored to be recognized as Restructuring Law Firm of the Year for Middle Markets. This recognition speaks volumes about our Restructuring Practice and the quality of work we provide our clients,” said Shari L. Heyen & David B. Kurzweil, co-chairs of the Restructuring & Bankruptcy Practice
NEW YORK (PRWEB)
January 27, 2021
Global law firm Greenberg Traurig, LLP was named Restructuring Law Firm of the Year for Middle Markets at Global M&A Network’s 12th Annual Turnaround Atlas Awards held virtually, Jan. 21-22. According to the Global M&A Network website, the Awards honor ex ....

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IBC mechanism needs structural changes to expedite faster resolution of companies

IBC mechanism needs structural changes to expedite faster resolution of companies
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Synopsis
The structural reforms needed are an increase in the number of benches, outsourcing of administration function to a specialized agency, clarity on the timeline for submission of objections on resolution plan and credible data management on on-going cases which will help in ironing out major creases that thwart the faster resolution of cases.
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The rate of filing of new cases has far exceeded the rate of closure of ongoing cases, resulting in nearly 75% of the 1,942 ongoing cases having aged more than 270 days.
Mumbai: Even as the economy post the pandemic led lockdown is trudging back to normalcy, there is an urgent need to have structural reforms in the Insolvency & Bankruptcy Code (IBC) for the resolution of cases faster, a report authored by experts said. ....

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POLSINELLI PC: Polsinelli Recognized for Two Global M&A Network Awards

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Polsinelli PC issued the following announcement on Jan. 21.
Am Law 100 firm Polsinelli has been honored with two awards by Global M&A Network: “Cross-Border M&A Deal of the Year” and “Chapter 11 Restructuring of the Year.” Both awards are in the mid-markets category. The firm was recognized at the 12th Annual Intelligence Forum virtual event on Jan. 21, 2021.
Polsinelli’s recognition as the “Cross-Border M&A Deal of the Year” (mid-markets category) was awarded for its representation of Orchids Paper Products Company, including Fabrica de Papel, a U.S. publicly traded paper company, in the sale of substantially all of the company’s assets under Bankruptcy Code Section 363 to Cascades, a Canadian-based, publicly-traded company focused on offering sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs.. Polsinelli served as lead counsel to Orchids Paper in the transaction, which paved the way for a consensual ....

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