Harvey Miller, partner at Weil, Gotshal & Manges, tells Bloomberg Law’s Lee Pacchia that Detroit’s recently filed chapter 9 bankruptcy case will not be an easy restructuring. In addition to the profound economic challenges facing the city and the limited ability of a bankruptcy court to force changes on its government, the fundamental tension between bondholders, pensioners and taxpayers could mean Detroit will remain tangled up in litigation for a long time. To watch the video, please click here: http://www.youtube.com/watch?v=CLKmYqSMUyU&list=PL_500m6Wb0wjRwfUjzisq9…
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