As the European telecoms sector and its investors work through a painful restructuring, a few US law firms and boutique investment banks are being kept very busy. This is a source of irritation to the big City of London law firms that have eschewed the representation of bondholders in favour of their existing relationships with primary lenders.
As telecoms companies and other industrials grapple with the downturn, defaults have become increasingly common. Restructuring firms that can combine experience of high-yield litigation in the US with track records in Europe are finding themselves in great demand.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
