Lombard v. Skyjets: Key Takeaways For Lenders And Restructuring Professionals
CONTRIBUTOR To print this article, all you need is to be registered or login on Mondaq.com. Actions will speak louder than words—whether in the for...
CONTRIBUTOR To print this article, all you need is to be registered or login on Mondaq.com. Actions will speak louder than words—whether in the form of a 'no waiver' provision in a contract or an express reservation of rights—when a court is considering a lender's response to a borrower's default on its financing arrangements. The authors of this article discuss a recent English High Court decision, which provides some important guidance for lenders and restructuring professionals when communicating with distressed borrowers.