5-Year Retrospective: Insolvency & Restructuring

Matthew B. Lerner, Christopher Yung, and Ravneet Minhas' blog, 5-Year Retrospective: Insolvency & Restructuring, was published on commerciallist.com as part of the Commercial List Year in Review: 5-Year Retrospective (2021-2025) guide. In this blog, they discuss the period of doctrinal consolidation between 2021 and 2025 which is unlike anything since the 2009 statutory reforms. The recurring lesson for practitioners, in-house counsel, and business clients is to build the evidentiary record early, because restructuring outcomes are often determined before filing — by the quality of financial disclosure, corporate structure, and stakeholder management.