McDermott Will & Emery's expertise in tax-exempt structuring and restructuring sets it apart from its rivals. The firm is also well-known for its experience in handling health care matters....
[more]
McDermott Will & Emery's expertise in tax-exempt structuring and restructuring sets it apart from its rivals. The firm is also well-known for its experience in handling health care matters. At present, it is acting as counsel to several hospitals in financial distress. These include medical facilities in Wisconsin, Pennsylvania, Illinois and Indiana, with typical values of between $50 and $100 million.
In another ongoing matter, the firm is representing Ambac Assurance as credit enhancer of a senior tranche of bonds which were sold to finance construction and operation of a monorail alongside the Las Vegas strip. In a case worth $1 billion, the Las Vegas Monorail Company filed for Chapter 11 bankruptcy protection in January 2010, following the current economic downturn. The firm has filed a motion to dismiss the bankruptcy proceedings on grounds that the monorail company is a municipality and therefore does not qualify as a Chapter 11 debtor.
[hide]