Buying Time: A Lender's Guide to Standstills and Informal Workouts

Michael Sloan, Jacqueline Chan and Daniel Dai of Ashurst outline key considerations for lenders entering standstill arrangements and highlight 15 key principles that should guide informal workout processes, including reviewing facility and security positions, obtaining debt and default acknowledgments, strengthening information rights, reserving enforcement rights, coordinating creditor action, and using time-limited forbearance to support a viable restructuring outcome.

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