The apply of appointing a number of impartial administrators to the boards of distressed corporations has not solely proliferated lately, however has change into the topic of accelerating controversy. On this episode of the Restructure THIS! podcast, John Dubel discusses, amongst different issues, the correct function of an impartial director in a restructuring and weighs in on whether or not he believes the present impartial director framework in chapter 11 is damaged. In doing so, John addresses a few of the most vital criticisms which have been levied in opposition to impartial administrators, together with that impartial administrators typically lack disinterestedness and are nothing greater than “repeat gamers” that advocate for preordained outcomes.
John has over thirty-five years of expertise within the restructuring area. He has served on the board, or as a part of the administration of, a few of the largest corporations on the earth, together with as Particular Committee Chairman of Purdue Pharma, CEO and CRO of SunEdison, CFO of Worldcom throughout its chapter 11 case, and as impartial board member for Highland Capital Administration, LP and WMC Mortgage, LLC. He’s at the moment the CEO of Dubel & Associates, LLC.
For extra on these points, hearken to Episode 7 of Restructure THIS! hosted by Sheppard Mullin accomplice Justin Bernbrock.
About Restructure THIS!
Sheppard Mullin’s Restructure This! podcast explores the newest developments and controversies in Chapter 11 chapter, business insolvency and distressed investing. Be part of host Justin Bernbrock, accomplice within the agency’s Finance and Chapter group, as he and his friends talk about in style, and typically not-so-popular, developments within the wild west of the chapter authorized world and excessive yield dealmaking. Subscribe to the present to obtain each new episode delivered straight to your podcast participant on Apple Podcasts, Google Podcasts, Spotify, Amazon Music or Stitcher.
