Making the most of what you’ve got: how secured creditors can overcome common obstacles to recourse

Making the most of what you’ve got: how secured creditors can overcome common obstacles to recourse

This article is intended to be read alongside a March issue article ((2018) 3 JIBFL 173 available here) in which Max Millington explored the trends in direct lending and noted certain unusual features encountered with such transactions, often in the mid-market, which limit a lender’s ability to take comprehensive guarantees and security from the borrowing group. As Max mentioned, such transactions do not conform to those contemplated by LMA leveraged documentation. Participants on direct lending transactions should understand these risks and the possible ways to mitigate them.

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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.