Independent Directors Can Be Potent Vaccine Against Creditors Losing Confidence
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Independent Directors Can Be Potent Vaccine Against Creditors Losing Confidence
By Nicholas F. Kajon, Shareholder, Stevens & Lee and Lee E. Buchwald, President, Buchwald Capital Advisors LLC
When a company is experiencing financial distress, addressing problems as soon as possible is critical to achieving the best outcome. As the situation deteriorates over time, the odds of saving the business and maximizing value are minimized.
Typically, once a company’s board recognizes...
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Lee E. Buchwald is founder and president of Buchwald Capital Advisors LLC, an investment banking firm in New York City specializing in financial reorganizations. A 30-year-plus veteran investment banker, he provides financial advisory, trustee, independent director, and expert testimony services. Prior to founding the firm in 2001, Buchwald had been an executive at Rothschild Inc., Salomon Brothers, and Chanin Capital Partners. He can be reached at lbuchwald@buchwaldcapital.com.
Nicholas F. Kajon is a shareholder of Stevens & Lee P.C. and co-chair of the Bankruptcy and Corporate Restructuring Group and the Litigation Finance and Alternative Funding Group. He practices in the firm’s New York office and has more than 30 years of experience advising clients on financial restructuring, corporate governance, and commercial litigation matters. He can be reached at nfk@stevenslee.com or 212-537-0403.
