Davis to Financial Execs: A BRE Blocking Director Is Not a Guarantee Against Bankruptcy

Partner Gardner Davis penned an article in Global Banking and Finance Review, “Don’t Assume Bankruptcy Remote Means Bankruptcy Proof,” explaining in detail that using a bankruptcy remote special purpose entity (BRE) is not the way for businesses to guarantee themselves against bankruptcy. By analyzing deals, cases and BRE organizational documents throughout the article, Davis illustrates why it is imperative for financial executives to actively stay aware of potential bankruptcy filings.

Read the full article here. The article can be found on pages 86-87.