On 24 May 2024, the English High Court granted final injunctive relief to Barclays Bank Plc (Barclays), both in the form of an anti-suit injunction and an anti-enforcement injunction, arising out of a syndicated loan...more
After a year during which uncertainty in the equity markets became the new normal, many stakeholders are wondering whether the disruptions are behind us. A look at key indicators might lead one to say yes. The S&P Loan Index...more
8/4/2021
/ Borrowers ,
Coronavirus/COVID-19 ,
Environmental Social & Governance (ESG) ,
Equity Markets ,
EU ,
European Banking Authority (EBA) ,
Financial Services Industry ,
Financial Stimulus ,
Healthcare ,
Liquidity ,
UK
This article summarises the findings of the High Court in Re gategroup Guarantee Limited [2021] EWHC 304 (Ch) (Re gategroup Guarantee Limited) and provides a view of its effects on the cross-border application of the...more
Last year presented a great many challenges, and much like 2008–2009, the impact was felt on a global basis. The last quarter of 2020 appeared to start with a sense of renewed optimism, with the end of pandemic-driven issues...more
1/28/2021
/ Biden Administration ,
Coronavirus/COVID-19 ,
Debt Restructuring ,
Equity Markets ,
EU ,
Global Economy ,
Global Market ,
New Legislation ,
Private Equity ,
UK ,
United States
Cram-Down There has been much commentary on the new restructuring plan which is modelled on the existing scheme of arrangement but includes cross-class cram-down powers afforded under section 901G of the new Part26A of the...more
The enacted Corporate Insolvency and Governance Act (the Act) introduces three permanent reforms to the existing insolvency legislation and certain temporary measures designed to address the immediate impact of COVID-19 on UK...more
9/1/2020
/ Business Closures ,
Business Interruption ,
Chapter 11 ,
Coronavirus/COVID-19 ,
Corporate Insolvency and Governance (CIG) Act 2020 ,
Debt Restructuring ,
Financial Distress ,
Investors ,
Legislative Agendas ,
Lenders ,
Liquidity ,
Restructuring ,
UK
On 20 May 2020, the Corporate Insolvency and Governance Bill (the Bill) was introduced to the House of Commons for its first reading, with the aim of completing all its stages in the Commons and progressing through the House...more
Three months into the outbreak of the Coronavirus (COVID-19) in the United Kingdom, there are clearly many unknowns as businesses seek a return to normality or, at the very least, economic stability. Such uncertainty may...more
5/31/2020
/ Acquisitions ,
Board of Directors ,
Business Interruption ,
Business Model ,
CFOs ,
Coronavirus/COVID-19 ,
Employee Engagement ,
Inventory ,
Liquidity Management ,
Mergers ,
Supply Chain ,
Tax Structuring ,
UK
During these unprecedented times, many funds seek opportunities to deploy capital, with a particular focus on the “special situations” space. A certain amount of heightened risk (or risk perception) in this economic climate...more