Liability Management is the first comprehensive treatment of LMEs across the UK, US, and Canada. This practical text explores the growing use of liability management techniques as alternatives to formal insolvency processes, providing detailed analysis of documentary restructurings, covenant flexibility, and the evolving case law from Serta Simmons, Mitel, and others.
Through a realistic hypothetical fact pattern, the book explains how common debt covenants, amendment thresholds, and intercreditor provisions operate in practice, and how they interact with traditional procedures such as schemes, restructuring plans, Chapter 11, and the CCAA.
Designed for practitioners, advisors, and academics, it is an essential reference for understanding and executing modern balance sheet restructurings.
