When high profile UK companies run into equity problems many are choosing debt to equity conversion methods rather than traditional insolvency proceedings. This could prove to be the best option for all parties concerned, writes Adam Plainer
September 11, 2002 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Despite a sustained period of economic growth in the UK lately there have been a number of headline-making problems at well-known UK companies.
As an alternative to using formal insolvency, either as a means of restructuring or recovery, the banks and bondholders are increasingly considering debt to equity conversions (swaps) as a method of rescuing companies in financial difficulties, both large and small.
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