As the euro zone’s debt crisis continues to rock the world’s stock markets and instill fear in central bankers everywhere, its potential impact on the restructuring world’s legal community is what interests us.
With that in mind, we dove into a piece penned for The New York Times‘s DealBook this week by Seton Hall bankruptcy law professor Stephen Lubben on how a sovereign bankruptcy might play out. Lubben’s conclusion: for the most part, the process would most likely not be worth the substantial effort it would take.
