Continuing a series on the future of financial restructurings in Europe, Global Turnaround interviewed lawyers from a top global firm on who will be the winners and losers over the next few years; specifically, who will restructure the distressed European corporates who refinanced themselves since the financial crisis using the US high yield market?
Will it be UK-based advisers using the English Scheme of Arrangement? Or US-based firms using Chapter 11? Or a combination of local proceedings and US Chapter 15 recognition?
*This article was first published in Global Turnaround in August 2014