alerts & publications
CFO: The Restructuring RemedyApril 9, 2020
John J. Rapisardi, chair of the firm’s Global Restructuring Practice, authored this bylined article discussing the importance of the restructuring process during the current global economic crisis.
“The COVID-19 pandemic threatens a global economic crisis, unlike any faced in our lifetimes,” Rapisardi wrote. “As a restructuring professional for 38 years, I have lived through my share: the savings and loan crisis, stock market crash, and junk bond crash of the 1980s; the dot-com bubble of the late 1990s; the post-9/11 recession; and the mortgage-backed securities meltdown of 2008. This time is different.”
He continued: “The challenge today is that the virus has exposed deeper, more persistent vulnerabilities in the way companies do business. As a result, the natural remedies employed during past crises —changes to monetary policy, government bailouts for ailing industries — will fall short of the dramatic measures necessary to stabilize the U.S. economy. And to save what we can.”
Read the full article here.
Thank you for your interest. Before you communicate with one of our attorneys, please note: Any comments our attorneys share with you are general information and not legal advice. No attorney-client relationship will exist between you or your business and O’Melveny or any of its attorneys unless conflicts have been cleared, our management has given its approval, and an engagement letter has been signed. Meanwhile, you agree: we have no duty to advise you or provide you with legal assistance; you will not divulge any confidences or send any confidential or sensitive information to our attorneys (we are not in a position to keep it confidential and might be required to convey it to our clients); and, you may not use this contact to attempt to disqualify O’Melveny from representing other clients adverse to you or your business. By clicking "accept" you acknowledge receipt and agree to all of the terms of this paragraph and our Disclaimer.