Debt Restructuring Webinar: The Restructuring Proposal
30 June 2020
In the third and final webinar in our Debt Restructuring series, we discussed what makes (and potentially breaks) a distressed restructuring, the importance of understanding where the real assets are located and how to unlock the value in those assets. We also spoke of creditor disruptors and their potential impact on a restructuring, including the possibility that the plenary process may be scuppered by individual creditor action. In that context, we polled our attendees on what trends they have seen in terms of creditor action - see the polling results below. Market sentiment certainly accords with our observations that for the most part, creditors are getting their house in order and carefully considering their enforcement options with a view to taking action within the next six months.
Our webinar series:
- Watch our first webinar: Debt Restructuring in the brave new COVID-19 credit crunched world, here.
- Watch our second webinar: Debt Restructuring: Enforcement of Security, here.
Webinar findings:
|
What trends are you seeing in creditor action? |
|
|
No action taken yet but we do expect to take some in the next 6 months |
34.8% |
|
We're engaging with debtors and considering refinancing (where appropriate) |
26.1% |
|
We're reviewing our security pack and considering private enforcement options |
26.1% |
|
We've called default and are considering a court supervised restructuring |
13% |
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About Mourant
Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
