By Natasha Harrison, Fiona Huntriss, and Melissa Kelley
Ad hoc committees can allow creditors to effectively maximise leverage and pressure against a debtor company to obtain the best outcome for them both individually and as a group. However, it is critical that the structure, decision-making, governance and regulation of ad hoc committees are carefully managed and agreed from the outset, to avoid subsequent disputes among group members that wipe out the value and benefit that creditors can otherwise secure from the ad hoc committee. More
This is an extract from the first edition of GRR’s The Art of the Ad Hoc, first published in January 2018. The whole publication is available here.