In The News

Restructuring Uncertainty to Continue Through 2021

Law360

09 Jul 2021

James Peck spoke to Law360 about the decrease in corporate restructuring filings in 2021 following a surge during the first year of the COVID-19 pandemic, and whether this slowdown will last, as favorable financial conditions wane and uncertainty increases over the spread of a coronavirus variant.

According to James, interest rates will likely begin to rise as the economy rebounds from the pandemic, making borrowing more expensive for companies already facing financial problems.

“There are pressures that can’t be disregarded indefinitely that will lead to filings either later this year or in 2022,” James said. “It’s largely the run-out of forbearance agreements in place currently and the wall of debt that needs to be refinanced over the next year or two.”

Read the full article.

Close
Feedback

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.