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A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side.
- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)
Jake Adlerstein Discusses Restructuring Activity in 2023 With Turnarounds & Workouts
August 2, 2023
Restructuring partner Jake Adlerstein spoke with Turnarounds & Workouts about restructuring activity this year and the most significant trends and cases so far. In “Mid-Year 2023 Update,” published in the July issue of Turnarounds & Workouts, Jake notes that the pace of restructuring activity meaningfully increased through the first half of 2023, and that with rising interest rates and continued geopolitical uncertainty, there is good reason to believe this faster pace will continue through the end of the year. Jake also discusses trends including the collapse of many companies that previously merged with special purpose acquisition companies (SPACs).
“2023 is definitely shaping up to be a busier year than I would have predicted in January,” Jake says. “But if the past few years have taught us anything, it is the futility of trying to predict the future. So I’m counting on more twists and turns still to come. That’s one of the joys of the restructuring practice — it is dynamic and constantly evolving.”
» read the mid-year update (subscription required)