Articles by author
Jumping the line: priming restructuring transactions during the COVID-19 crisis
Over the past year, the COVID-19 crisis has caused liquidity issues for many US businesses, which has forced some borrowers to resort to increasingly creative restructuring options. These have generally fallen within two categories – “dropdown” transactions and “uptiering” exchange transactions, both of which have seen borrowers take steps under their credit agreements to prioritise one set of lenders over another. This article tracks the key cases in the US market and offers a flavour of what may be arriving soon on European shores.
1 FEB 2021Synthetic LIBOR and UK contractual continuity: Critical Benchmarks (References and Administrators’ Liability) Bill
A UK Bill designed to ensure contractual continuity for legacy English law contracts and arrangements which adopt synthetic LIBOR has been introduced into Parliament. This In Practice article provides some context for the Bill and highlights some of the areas under the spotlight.
1 NOV 2021
