Kevyn Orr, Partner-in-Charge of Jones Day's Washington Office and former Emergency Manager for the City of Detroit, discusses the lessons other cities in distress can take away from Detroit's restructuring, including the importance of moving forward with restructuring, being candid with the citizenry, and managing expectations. Mr. Orr also discusses how pension-related issues were handled, as well as the keys to maintaining progress once the plan of adjustment had been realized.
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