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Private Credit Restructuring Trends: Wearing Multiple Hats and Managing Equitable Subordination Risk  


Author:  David M. Hillman.; Peter J. Young.; Maximilian A. Greenberg.


Source: Volume 40, Number 06, June 2024 , pp.57-59(3)




Review of Banking & Financial Services

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Abstract: 

This article addresses the “equitable subordination” risks that lenders face when they “wear multiple hats,” and offers practical insights to mitigate those risks.

Keywords: Equitable Ownership Risk; Board Composition, Level of Involvement Risk; Inequitable Conduct

Affiliations:  1: Proskauer Rose LLP; 2: Proskauer Rose LLP; 3: Proskauer Rose LLP.

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