Justin Michaelson and Ashley Katz Quoted in Global Restructuring Review regarding <em>Gibbs</em> Principle

Justin Michaelson and Ashley Katz Quoted in Global Restructuring Review regarding Gibbs Principle

Litigation partner Justin Michaelson and restructuring and insolvency partner Ashley Katz were quoted in Global Restructuring Review regarding the Firm's representation of Sberbank in its litigation against the International Bank of Azerbaijan. Mr. Michaelson discusses how this case affirms the Gibbs Principle that states a discharge of debt is governed by its applicable law, and that a foreign insolvency process cannot modify or compromise English law governed liabilities. Mr. Katz adds that this contributes to the advantages of selecting English law for cross-border transactions.

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