Briefing - Banking Group Belfast, Spring 2009
14.04.2009
The current economic downturn has seen a surge, both in the UK and internationally, in corporate restructurings including debt for equity swaps. Out-of-court restructurings, also known as work-outs, are also increasingly becoming a global reality. This bulletin focuses on the approach of a company’s Bank or other creditors to debt equity swaps, the preferable structure for such swaps and the principal commercial considerations to be taken into account by a principal Bank (and other creditors).
