Investing in Distressed Debt in Europe: (eBook)
327 Seiten
Globe Law and Business Ltd (Verlag)
978-1-78742-045-8 (ISBN)
The European distressed debt market has grown exponentially during the last few years, experiencing very significant development. Many investors have entered that market with the intention of profiting from the opportunities that this market is offering them. However, navigating the waters of the European distressed debt market has not always been easy, because this market is far from homogeneous and legal fragmentation is the norm.
This co-publication with TMA Europe provides an overview of the European distressed debt market, covering debt trading, non-performing loans, direct lending, restructuring and workouts. It analyses these topics and others from a pan-European point of view, and is intended as a practical guide for anyone seeking a better understanding of the commercial and legal complexities involved in a highly fragmented market where different jurisdictions, legislative frameworks and market practices apply.
Ignacio Buil Aldana, a partner in the finance and restructuring team at the London office of Spanish law firm Cuatrecasas, Gonçalves Pereira, has acted as consulting editor for the publication, which also features contributions from other leading experts in the field. Whether you are a lawyer in private practice or in industry, a financial advisor or an investor, this title aims to give you comprehensive insight into all the significant aspects of the European distressed debt market.
Foreword 7
Lukas Fecker
TMA Europe President
Preface 9
Ignacio Buil Aldana
Cuatrecasas, Gonçalves Pereira
Part I: Introduction
Investing in distressed debt in Europe: an overview 13
Tom Cox
Damian Malone
Mark Sinjakli
AlixPartners
Part II: Acquisition of distressed debt
Credit agreement and indenture analysis from a European perspective 33
Jacqueline Ingram
Cadwalader, Wickersham & Taft LLP
Anatomy of an LMA distressed trade transaction and transfer mechanisms under English law 43
Elizabeth Bilbao
Mandel, Katz & Brosnan LLP
Overview of distressed trading in selected jurisdictions 59
France
Jérémie Bismuth
Olivia Locatelli
Dimitrios Logizidis
Gide Loyrette Nouel
Germany
Sacha Lürken
Wolfgang Nardi
Oded Schein
Kirkland & Ellis International LLP
Italy
Gregorio Consoli
Federica Scialpi
Chiomenti Studio Legale
Spain
Beatriz Causapé
Cuatrecasas, Gonçalves Pereira
Part III: The European nonperforming loans (NLP) market
‘Bad banks’ and their role in the financial sector deleveraging process in Europe 81
Fernando Mínguez
Cuatrecasas, Gonçalves Pereira
Anatomy of a non- performing loan portfolio sale 93
Paul Dunbar
Vinson & Elkins LLP
Part IV: Direct lending
The direct lending landscape in Europe 109
Nerea Pérez de Guzmán
FTI Consulting
Trends in direct lending 119
Andrew Perkins
Sarah Ward
Macfarlanes LLP
Legal structuring of direct lending deals in selected European jurisdictions
France 133
Jérémie Bismuth
Marie Dubarry de Lassalle
Olivia Locatelli
Caroline Texier
Gide Loyrette Nouel
Germany 141
Sacha Lürken
Wolfgang Nardi
Oded Schein
Kirkland & Ellis International LLP
Italy 149
Giorgio Cappelli
Andrea Martino
Giovanna Randazzo
Chiomenti Studio Legale
Spain 157
Íñigo de Luisa
Íñigo Rubio
Cuatrecasas, Gonçalves Pereira
Part V: Restructuring and workouts
Recent trends in European cross-border restructurings 167
Arturo Gayoso
Deloitte Financial Advisory
Schemes of arrangements: theory and practice 175
Graham Lane
Iben Madsen
Willkie Farr & Gallagher LLP
Developments in the European legal framework for restructuring
France 199
Jérémie Bismuth
Marie Dubarry de Lassalle
Olivia Locatelli
Caroline Texier
Gide Loyrette Nouel
Germany 215
Sacha Lürken
Kirkland & Ellis International LLP
Italy 237
Giulia Battaglia
Antonio Tavella
Chiomenti Studio Legale
Spain 249
Cristóbal Cotta
Andrea Perelló
Fedra Valencia
Cuatrecasas, Gonçalves Pereira
Restructuring high-yield bonds in Europe 261
Paul Durban
Grégoire Hansen
Brown Rudnick LLP
The recast EU Insolvency Regulation and its impact on distressed investing 279
James Bell
Douglas Hawthorn
Jeremy Walsh
Travers Smith LLP
Part VI: Taxation
Structuring the acquisition and disposal of distressed debt 295
Rebeca Rodríguez
Cuatrecasas, Gonçalves Pereira
Luke Vassay
Milbank, Tweed, Hadley & McCloy LLP
About the authors 317
| Erscheint lt. Verlag | 1.11.2016 |
|---|---|
| Verlagsort | London |
| Sprache | englisch |
| Themenwelt | Recht / Steuern ► EU / Internationales Recht |
| Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht | |
| Wirtschaft | |
| Schlagworte | debt trading • European distressed debt • European distressed debt, investing in distressed debt, debt trading, restructuring and workouts • investing in distressed debt • restructuring and workouts |
| ISBN-10 | 1-78742-045-0 / 1787420450 |
| ISBN-13 | 978-1-78742-045-8 / 9781787420458 |
| Haben Sie eine Frage zum Produkt? |
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