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Financial Restructuring & Creditors' Rights

The COVID-19 pandemic has turned business as we know it on its head. This turmoil has had, and will continue to have, significant and wide-reaching impacts on businesses large and small, as well as their employees, suppliers, customers, investors, and lenders. In turn, many companies may find themselves, their suppliers, or their customers on the brink of bankruptcy and the actions they take over the coming weeks and months to shore up finances and deal with short- and long-term insolvency concerns are critical.

Crowell & Moring’s Financial Restructuring & Creditors’ Rights team stands ready to assist clients with of the critical restructuring, insolvency, and bankruptcy issues stemming from economic hardships created by the COVID-19 crisis. Based on deep workout experience after past world crises, we can help clients to find and employ business strategies to minimize business disruption, salvage relationships, and renegotiate and restructure financial facilities and business formations to facilitate ongoing operations.

Areas in which we can assist clients include:

  • Advising on CARES Act and other stimulus funding
  • Advising on and restructuring of financial facilities and security/collateral
  • Analyzing lease and commercial real estate obligations
  • Advising on labor and employment strategies and obligations when considering furloughs or lay-offs and reopening strategies
  • Advising on changes in the regulatory and legislative landscape
  • Reviewing and renegotiating key customer and supplier contracts, including assessing force majeure and related contract clauses that may be triggered by the pandemic
  • Advising on other supply chain and business interruption issues
  • Consulting on the divestiture and downscaling of non-core business
  • Analyzing and advising on acquisition of key business operations
  • Advising on formal bankruptcy processes as well as other restructuring and liquidation options

Attorney Contacts by Practice and Industry, as well as our general inquiry email:  COVID-19.crowell.com