Investing in Distressed Debt in Europe, Second Edition: The TMA Handbook for Practitioners

Despite high numbers of state-backed loans and financial injections from EU member states, opportunities for distressed-debt investors continued to appear in the European market throughout the COVID-19 pandemic. This second edition of the guide provides an overview of the European distressed-debt market and covers non-performing loans, direct lending, and restructuring and workouts. It explores these subjects from a pan-European viewpoint and includes a comprehensive analysis of how the Restructuring Directive has been implemented.

Format: Hardback
Length: 260 pages
Publication date: 31 July 2023
Publisher: Globe Law and Business

The European distressed-debt market remained active throughout the COVID-19 pandemic, despite the presence of significant state-backed loans and financial injections from EU member states. This market is expected to grow significantly as these financial assistance measures are gradually withdrawn, particularly in light of the EU Directive 1023/2019 on Preventive Restructuring (the 'Restructuring Directive'). The Restructuring Directive emphasizes the role of distressed creditors and provides them with more flexible pre-insolvency instruments, expanding their opportunities. This second edition, co-published with TMA Europe, offers a comprehensive overview of the European distressed-debt market. It covers various topics such as non-performing loans, direct lending, and restructuring and workouts. The book explores these subjects from a pan-European perspective, providing a detailed analysis of how the Restructuring Directive has been implemented. Chapters are written by renowned experts in the field, supported by consulting editors Ignacio Buil Aldana and Patricia Alvarez Alonso, partners in the restructuring, insolvency, and special situations team at the London office of Spanish law firm Cuatrecasas. Whether you are a lawyer in private practice, in-house, a financial adviser, or an investor, this practical guide provides invaluable insight and a deeper understanding of the commercial and legal complexities involved in the European distressed-debt market.

Dimension: 240 x 160 (mm)
ISBN-13: 9781787429376
Edition number: 2 New edition