Akin Gump’s Reflections and Insights: Ad Hoc Committees in Financial Restructurings

It has been said that ad hoc committees now rule the restructuring world. A number of factors often allow them to be more flexible and dynamic, and they can achieve quicker and better results when compared with traditional steering committees and/or official committees. Understanding the informal rules that govern these committees and knowing how to successfully navigate internal dynamics and competing interests is essential for those operating in today’s restructuring market.