A debt-for-equity swap marks the end of marathon discussions and disagreements -

Three years of acrimonious negotiations needed to restructure Punch Taverns could have been shortened if the UK made use of some French insolvency concepts, deal counsel have said.

The iconic British pub operator’s restructure, considered Europe’s most complex since Eurotunnel in 2007, finalised last month.

Originally Published in IFLR.com – November, 2014.