• European Directories - Collective Sigh Of Relief for Senior Creditors
  • October 26, 2010 | Authors: Neil Caddy; John Clark; Ashley Katz; Ian McDonald; Devi Shah
  • Law Firm: Mayer Brown International LLP - London Office
  • The scope of the powers afforded to the security agent by the so called “release provisions” found in many intercreditor agreements employed in LBO deals has come under scrutiny recently. A number of restructurings have relied upon using the security agent’s powers to implement a restructuring and many others will have at least considered using them.