A shift towards more inclusive liability management exercises (LMEs) termed "LM 2.0" is explored in a recent 9fin article, highlighting the benefits such as minimizing litigation risks and maintaining positive relationships with stakeholders.
Business restructuring chair, Ryan Preston Dahl commented on the current trend towards building consensus in LME transactions and how market changes prompt further adaptations.
“That process is still evolving and is going to continue to evolve,” he said. “The working assumption on the company side is that the LMs goal is not to be mired in litigation, [but] to raise money, extend maturity, and/or provide flexibility and do that as efficiently as they can,” Dahl said.
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