Latham & Watkins

International Top 30 position: 2
International 50 position (Asia-Pacific): 22

Pitfalls in implementing employee incentive plans for executives in bankruptcy cases

To successfully reorganize in Chapter 11, a bankrupt company may need to retain key employees who understand the company’s business and who can design and implement the company’s reorganisation plan. Retaining and properly incentivising these employees during a Chapter 11 case can be challenging for a number of reasons. For example, it may be difficult to replicate these employees’ prepetition compensation during the Chapter 11 case because a significant part of their compensation may have been in the form of stock options (which are likely worthless in light of the bankruptcy proceedings) and performance bonuses based on metrics that are no longer achievable.

Click on the link above to download this Latham & Watkins briefing.


Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Latham & Watkins

View more briefings from Latham & Watkins

Analysis from The Lawyer

View more analysis from The Lawyer

Browse This Firm’s

Overview

99 Bishopsgate
London
EC2M 3XF
UK

Firmwide revenue 2011 ($m): 2,152
Global lawyers 2011: 2,062
Jurisdiction: US
No. of offices: 5
No. of qualified lawyers: 104 (International 50)