In the Press
March 30, 2023

As The Metaverse Expands, Bankruptcy Questions Arise (Law360)

Companies are pouring capital into the metaverse, often on expectations of outsized future returns. Investment in the metaverse more than doubled in 2022, and industry experts have projected that the metaverse could generate as much as $5 billion in value by 2030. But innovation involves risk, and not every innovator makes it to the promised land of reward. Just as in real life, it is inevitable that some of the players that are building and operating in the metaverse will face challenges that will force them into restructuring or bankruptcy. Financial Restructuring partner Kizzy Jarashow and associate James Lathrop explain more in Law360.