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Frank Grese

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Frank Grese is a partner in Baker McKenzie's Global Restructuring and Insolvency Group in New York. He has represented debtors, creditors, lenders, investors, and acquirers of assets in various aspects of distressed situations in and out of court. Frank is also actively involved in pro bono work, which has been recognized by the Legal Aid Society and the New York Bar Association.

In this type of market environment, one or more of the following scenarios may apply: The target needs to consummate a sale quickly because the target’s cash resources are dwindling. The buyer wonders whether the distressed sale and “melting ice cube” asset valuation increase its exposure to claims from the…