Sponsorships and Speaking Engagements | 14 September 2022 | 1:00 - 2:00 p.m. (ET)

American College of Investment Counsel – Recent Developments in the European Finance Market

Since the pandemic the UK and EU have put in place new, Chapter 11 like, restructuring frameworks which attempt to move EU/UK law insolvency laws from an asset recovery to business rescue focus.

On 14 September, we collaborated with the American College of Investment Counsel to take a closer look at how these new frameworks, in particular the UK’s Restructuring Plan, might affect stakeholders’ position in European restructurings going forward.

In this webinar, we covered a number of key considerations for investors including:

  • The continued push by sponsors on documentation terms can lead the unwary investor to unexpected exposure to significant value leakage and debt incurrence capabilities;
  • EBITDA addback formulations and sponsor friendly calculation methodologies to watch out for;
  • The continued tightening of lenders’ ability to transfer/sub-participate/vote debt; and
  • That continued increase in inclusion of ESG provisions in financing documents with renewed focus and discipline starting to be seen around sustainability linked structures.

Moderator:

Panelists:


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Ronald J. Silverman

Ronald J. Silverman

Partner
New York

Alex Kay

Alex Kay

Partner
London

Jo Robinson

Jo Robinson

Partner
London

Monika Comazzi

Monika Comazzi

Managing Director, Sun Life Capital Management

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