On February 28 last the European Commission published the Draft Agreement on the withdrawal of the United Kingdom from the European Union (“EU”).
European Union, Spain, United Kingdom, Insolvency & Restructuring, Public, Garrigues, Brexit, European Commission
Debt for Equity Exchanges Outside Bankruptcy
USA, Corporate Finance/M&A, Insolvency & Restructuring, Haynes and Boone LLP, Bond market, Bankruptcy, Debtor, Private equity, Interest, Hedge funds, Debt, Maturity (finance), Refinancing, Distressed securities, Warrant (finance), Credit crunch, United States bankruptcy court
The recession has highlighted a new risk for borrowers – the risk that a lender will be insolvent and default on its obligation to fund loans under the credit agreement. This has created unexpected issues under credit agreements, which were written at a time when lender insolvency was not a perceived risk.”34
USA, Banking, Insolvency & Restructuring, Haynes and Boone LLP, Bankruptcy, Letter of credit, Credit (finance), Debtor, Collateral (finance), Consent, Cease and desist, Default (finance), Line of credit, Subsidiary, Pro rata, Office of Thrift Supervision, Lehman Brothers