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Boris J. Steffen publishes article on the role of valuation in corporate restructuring in Financier Worldwide
WASHINGTON, D.C., June 30, 2008—Bates White Partner Boris Steffen
recently published an article, “The Role of Valuation in Corporate Restructuring,” in
Financier Worldwide’s special report on global restructuring and insolvency. The article
provides a detailed summary that explains how valuation plays a critical role in restructuring a company
under U.S. Chapter 11 Bankruptcy Code. In particular, Mr. Steffen describes the benefits of valuation for
a debtor in Chapter 11, from the filing of first day motions, through plan confirmation, and in subsequent
actions for reclamation, fraudulent, or preferential transfers.
Mr. Steffen’s article addresses many of the sophisticated uses of valuation analysis including
determining the value of creditors’ secured claims, assessing the feasibility of a reorganization
plan for a bankrupt company, and providing a financial indicator for a best-interest-of-creditors test.
Because each of these valuation analyses take into account specific financial variables, Mr. Steffen
stresses that the indication of value in one context is not necessarily applicable elsewhere, and that
success requires an integrated approach for each step along the way.
To read the article, visit:
http://www.bateswhite.com/news/pdf/
Steffen_valuation_in_restructuring_FinancierWorldwide.pdf
Mr. Steffen is Partner and founder of the Corporate Finance Practice,
which provides litigation support and expert testimony to assist Fortune 500 corporations, government
agencies, and law firms in resolving accounting, finance, strategy, and valuation matters that arise in
antitrust, bankruptcy, M&A, securities, and intellectual property disputes. He recently provided
expert testimony on valuation and damages related to improper actions taken by trustees for a privately
held, multinational diversified conglomerate, and he also testified in a semiconductor industry antitrust
matter regarding the appropriate use of cost data in estimating damages.
About Bates White
Bates White LLC is a consulting firm offering services in economics, finance,
and business strategy to leading law firms, Fortune 500 companies, and government agencies.
We provide our clients with a unique combination of quantitative and analytical expertise
and an understanding of business issues across a range of industries.
Bates White has offices in Washington, DC and San Diego, CA.
For more information, visit: www.bateswhite.com
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