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Paul Hastings, Janofsky & Walker

Corporate 2010

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Award levelStand-out
InnovationCo-opting the bankruptcy courts to save an automotive businesses
Originality7
Rationale8
Impact6
Total21
DescriptionThe restructuring and sale of Acument Global’s French business was ratified by the court in an alternative use of the accepted bankruptcy process. Creative thinking by the firm enabled the business to be transferred as a going concern, and saved jobs