Date: Wednesday 3 November 2010
The scale of European real estate debt that needs to be worked-out, restructured or refinanced is simply colossal; over €1tn of commercial real estate loans sitting on banks' balance sheets across Europe, not to mention the €100bn of European CMBS which has matured and is being rolled-over or will mature in the next couple of years. What's to be done with all of this debt? Will Basel III and the harsher regulatory regime in Europe force banks actively to restructure or work-out problem loans or to take enforcement action? The panel will discuss what options and strategies are available to servicers, senior and junior lenders, sponsors and investors and how these may vary markedly across jurisdictions. They will also discuss the growing trend for consensual restructurings and work outs as alternatives to enforcement of security and whether they think this trend will continue.
Speakers: Finance partner Malcolm Sweeting (London), Real Estate Finance partners Andrew Carnegie (London) and Damian Perry (London) and Restructuring partner Adrian Cohen (London).