A Better Solution Is Needed for Failed Financial Giants

in Bankruptcy & Liquidation, Living Wills

By Harvey Miller and Maurice Horwitz

Weil Business Finance & Restructuring partner Harvey Miller and associate Maurice Horwitz co-authored an article addressing the challenges that arise when resolving a failed global financial institution across national borders.  For legislators and regulators looking for a solution to this issue, the authors argue that the key to solving the cross-border conundrum is not legal harmonization, but rather, mandated coordination among regulators, and a shift in fiduciary obligations from individual legal entities or jurisdictions to the group and the global financial system.

The article titled “A Better Solution Is Needed for Failed Financial Giants” appears in the October 9, 2012 edition of The New York Times in the Dealbook section.

View the article.

Previous post:

Next post: