By Natasha Harrison, Fiona Huntriss, and Nick Turvey
Our Deputy Chair Natasha Harrison, partner Fiona Huntriss, and counsel Nick Turvey have contributed a chapter to Global Restructuring Review’s Art of the Ad Hoc - volume 2.
Ad hoc committees can allow creditors to effectively maximise leverage and pressure against a debtor company to obtain the best outcome for them both individually and as a group. However, it is critical that the structure, decision-making, governance and regulation of ad hoc committees are carefully managed and agreed from the outset, to avoid subsequent disputes among group members that wipe out the value and benefit that creditors can otherwise secure from the ad hoc committee. More