In the wake of the terrible events of 11 September and with the fall of Railtrack, the asset finance community has taken a bit of a battering in two of its traditionally most active areas. James Baxter looks at what the future holds
November 21, 2001 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
From the events of 11 September to the collapse of Railtrack, it is clear that 2001 has not been kind to the asset finance community.
Global economic uncertainty had already caused a loss of appetite for big-ticket leasing work and controversial government handling of both the Sabena and Swissair affairs by dithering over any financial commitment, has led to a lack of confidence among credit committees at the major institutions.
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