The protracted impact of COVID-19 on financial liquidity is due to reach an inflection point for European businesses. As lines of credit reach their limits and businesses begin to assess the long-term damage from a global lockdown, restructuring will be a priority discussion. As restructuring commences, it will be crucial to understand the effect on cross-border applications. And finally, when companies have exhausted restructuring options, is there a path back to liquidity while avoiding insolvency? Click here to read an article by Winston & Strawn covering these topics.
Thank you to Amy M. Beaudoin of John Hancock for obtaining the rights to republish the article.