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Baker McKenzie

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“It was drinking from a firehose for 3 months”: from its first passenger with COVID-19 in January, through to the appointment of the voluntary administrators on 20 April, 2020 was a massive rollercoaster ride for Virgin. The sale process undertaken by the voluntary administrators unfolded at a frantic pace throughout May and June 2020. Five competing bids eventually culminated in a deal signed in June 2020 that involved Bain Capital taking full control of Virgin…

In this era of government bail-outs and economic disarray, after 18 months of massive uncertainty due to the global pandemic, which represents one of the most challenging human crises ever, INSOL has gathered a panel of restructuring and asset management experts from around the world to discuss trends in distressed asset investment. Despite the very low rates of defaults, the panelists asserted that investment opportunities remain possible. The disparities between the growth forecasts outlined by…