Loans in the time of COVID-19: how loan documentation has fared in this challenging environment

Loans in the time of COVID-19: how loan documentation has fared in this challenging environment

The loan market is coming to terms with the issues being faced by both borrowers and lenders as a result of the current COVID-19 pandemic and covenant relief has exceeded the levels seen during the global financial crisis of 2008/2009. While the individual approach for a particular loan will clearly be borrower-specific, certain themes are emerging in how these issues are being addressed.

In this article, Peter Hayes, Philip Stopford and Helen Walsh at Shearman & Sterling LLP look at  how existing loan agreements have fared in the current situation as compared to the global financial crisis, the practical considerations behind key amendments currently being sought and what developments we may see in the future.

 Click here to read the article. 

 

Related Articles:
Latest Articles:
About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.