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Acquisition finance lawyers are braced for intense scrutiny of their work from key clients as banks pore over deal terms with a view to re-negotiating debt terms on a string of major buy-outs.Thanks to the impact of the August turmoil in global credit markets, leveraged buy-out (LBO) lawyers concede that banking clients are taking a critical look at deals terms after a string of ‘pro-sponsor’ deals that saw banks give favourable terms to private equity borrowers.

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