Legal News

Coronavirus set to stress corporate finance arrangements

Published on: 16 March 2020

Table of contents

  • What should corporate treasurers of a business consider?
  • Might an event of default be triggered?
  • What about a ‘material adverse change’ clause?
  • How might coronavirus impact the loans market?

Article summary

Banking & Finance analysis: Max Millington, partner, and Sarah Jordan, Knowledge Lawyer Director, both at Osborne Clarke LLP, discuss how breaches might be avoided, cured or tolerated by lenders with market pressures likely to lead to some businesses triggering events of default and material adverse change clauses.

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