Persisting political and economic uncertainty means awareness of market changes remains crucial.
The 2008 distress cycle triggered defaults and restructurings for European PE portfolio companies, as maintenance covenant defaults and balance sheet deleveraging forced refinancings and debt-for-equity swaps. While restructuring conditions for PE firms are stronger in 2019 than they were in 2008, persisting political and economic uncertainty means that awareness of market developments remains important.
European Union, Banking, Insolvency & Restructuring, Securitization & Structured Finance, Latham & Watkins LLP, Private equity
Introduction
USA, New York, Insolvency & Restructuring, Litigation, Latham & Watkins LLP, Bankruptcy, Collateral (finance), Swap (finance), Public limited company, Default (finance), Secured loan, Lehman Brothers, Title 11 of the US Code, Court of Appeal of England & Wales, High Court of Justice (England & Wales), United States bankruptcy court