In this part of my lecture “Fundamentals of Company Law” we first of all look at typical crisis symptoms and the consequences of a Covenant Breach (e.g. Net Debt/EBITDA). Thereafter, we cover various solutions for financial restructurings of loans such as standstill agreements, deferrals, bridge financings, restructuring loans, subordination or letter of comfort. We also look at the conversion of liabilities into shares by way of a debt equity swap and also at distressed M&A.
Restructuring & Insolvencies II
