MVA’s Financial Restructuring and Financial Services teams author Special Situations Client Bulletin: Legal Review Guide for Stressed/Distressed Credits
MVA’s Financial Restructuring and Financial Services teams have published the Special Situations Client Bulletin titled “Legal Review Guide for Stressed/Distressed Credits”.
Although there may be differing views as to whether the U.S. economy is heading into some form of market correction, many would argue that certain warning signs have appeared that would suggest the possibility of an economic downturn. In any event, the recent challenges in the economy provide lenders with a reason to reacquaint themselves with their credit exposures and the particular situations of their borrowers, including a legal review of the documentation underlying such exposures. This bulletin highlights a few areas which should be incorporated into this legal review exercise.
Please see the below for the full Client Bulletin.