The European restructuring market has experienced significant change in recent years, including amendments to national insolvency and restructuring legislation, with the aim of enhancing restructurings, both in and out of court.
This guide is, in part, a response to these developments. Its goals are twofold: to provide creditors with a better understanding of the legal and commercial complexities of the European restructuring market, and to give guidance on how to influence a restructuring or turnaround process in order to protect or create value for creditors. Alongside the observations and opinions of the authors, this report includes data from a straw poll of restructuring and turnaround specialists, as well as some specific commentary from the industry, drawn from longer-form interviews with leading investors.
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