Scott Greenberg

In this engaging discussion, Scott Greenberg, the Global Chair of Business Restructuring at Gibson Dunn, shares insights on the burgeoning distress debt market in Europe. He highlights how legal strategies used in the US are being adapted for European clients amidst rising financial challenges, particularly in France. Greenberg explores the complexities of navigating credit markets and the differences in restructuring practices between Europe and the US. Listeners will gain a deeper understanding of how strategic legal advice is essential in these turbulent times.

Scott Greenberg, global chair of Gibson Dunn's Business Restructuring and Reorganization Practice Group, dives into the maze of distressed debt and lender cooperation agreements. He discusses the ongoing cat-and-mouse game between sponsors and lenders, revealing how non-disclosure and anti-cooperation tricks influence negotiations. Greenberg emphasizes the importance of timing in organizing lenders and explores the cultural differences affecting lender dynamics in Europe versus the U.S. His insights shed light on what constitutes success in liability management.

Scott Greenberg, global chair of Gibson Dunn’s restructuring group, dives deep into the world of liability management and cooperation agreements. He explains how cooperation agreements have evolved to become standard in U.S. deals and their growing presence in European markets. Greenberg highlights the shift of CLO managers from passive roles to proactive players in managing distressed assets. The conversation also touches on negotiating dynamics, antitrust considerations, and the necessity for collaboration among lenders to navigate the competitive financial landscape.