Ken Rothenberg

Understanding co-operation agreements: current boom, fundamental issues and latest trends

In recent years, there has been an increase in the use of Co-operation Agreements in US and European restructurings as a reaction to lenders being caught on the wrong side of a liability management exercise. This article highlights fundamental issues and trends with respect to Co-operation Agreements, discussing practical considerations, recent case developments and the potential further evolution, and use, of Co-operation Agreements in the future.