Distressed debt exchanges in the form of liability-management exercises are set to take off in Europe, according to Gibson Dunn, the US-based law firm. “You’re getting the same lawyers and bankers hired in Europe for deals that they do here — it’s not surprising that they would potentially roll out a playbook that’s worked,” Scott Greenberg, the firm’s global chair of business restructuring and reorganization, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Stephen Flynn in the latest Credit Edge podcast. “It’s a natural progression to take that expertise and bring it to your clients overseas,” says Greenberg, who notes elevated levels of distress in France. We also discuss the likelihood of an imminent US LME revival, the bankruptcy outlook and communications sector stress.

<p>Distressed debt exchanges in the form of liability-management exercises are set to take off in Europe, according to Gibson Dunn, the US-based law firm. &ldquo;You&rsquo;re getting the same lawyers and bankers hired in Europe for deals that they do here &mdash; it&rsquo;s not surprising that they would potentially roll out a playbook that&rsquo;s worked,&rdquo; Scott Greenberg, the firm&rsquo;s global chair of business restructuring and reorganization, tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Stephen Flynn in the latest Credit Edge podcast. &ldquo;It&rsquo;s a natural progression to take that expertise and bring it to your clients overseas,&rdquo; says Greenberg, who notes elevated levels of distress in France. We also discuss the likelihood of an imminent US LME revival, the bankruptcy outlook and communications sector stress.</p>

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

<p>The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.</p>

The Credit Edge by Bloomberg Intelligence

US Law Firm Gibson Dunn Is Chasing a Big Distressed Debt Opportunity in Europe

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/949fc310-a122-4e8c-89dc-b355013f1718/transcript

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