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Investing in Distressed Debt in Europe: The TMA Handbook for Practitioners

Investing in Distressed Debt in Europe: The TMA Handbook for Practitioners

Author: Ignacio Buil Aldana
Publisher: Globe Law and Business
ISBN: 9781911078104
Published In: November 2016
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

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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 publication 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 very experienced lawyer 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.

Part I: Introduction

Overview of the European distressed debt market

Part II: Acquisition of distressed debt

Trends in the secondary market

Legal due diligence: credit agreement and indenture analysis from a European perspective

Anatomy of a LMA trade and transfer mechanisms under English law

Overview of distressed trading in selected jurisdictions

Part III: The European non-performing loans (NLP) market

The deleveraging process in Europe

The ‘bad banks’ and their role in the deleveraging process in Europe

Anatomy of an NPL deal

Part IV: Direct lending