Intercreditor issues on debt restructurings

Intercreditor issues on debt restructurings guidance:

It's important to consider the underlying finance documents to determine the requisite majorities of creditors which can block certain actions necessary to maintain an...

Practice Note

Formal creditors' committees in formal insolvencies (adminsitration, liquidation, receivership and bankruptcy) Formal creditors' committees are often formed in large or...

Practice Note

This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note: • explains the purpose of having an intercreditor...

Practice Note

Background The aim of the intercreditor agreement is to try and deal with potential conflicts which will inevitably arise between the different classes of secured lender...

Practice Note

Background The aim of the intercreditor agreement (also known as a deed of priority) is to try and deal with potential conflicts which will inevitably arise between the...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For guidance, see...

Practice Note

Introduction In a syndicated loan transaction, the security agent (sometimes also known as the security trustee) (the Security Agent) will hold the transaction security...

Practice Note