Kaplan Quoted on Credit Default Swaps

Foley Partner Harold Kaplan was quoted in an article that appeared on Bankruptcy Law360 on June 30, 2009 titled “Swaps Play Growing Role In Restructurings.” Kaplan speaks on the complexity that credit default swaps add to bankruptcy proceedings and out-of-court restructurings. He remarks that the capital structures of companies have long been growing increasingly complicated, and credit default swaps have made analyzing the economic motivations of any particular party in a bankruptcy proceeding more complex.