In December, our panel comprised of Partner Paul McLoughlin, Partner Derval Walsh and Legal Director Samantha Kakati discussed how the COVID-19 pandemic forced businesses to take on debt - unforeseen and unbudgeted - in a period of acute uncertainty. After the rise of the so-called "zombie phenomenon" in 2008 – businesses were unable to grow or invest under the weight of unsustainable debt.
Our panel looked ahead to recovery and explained how companies managed this new debt situation successfully, discussed lessons from the 2008 financial crisis, explored the options available to borrowers, company directors, management teams and shareholders as they faced the dual challenge of managing creditors and repairing balance sheets.
Mishcon Academy: Digital Sessions are a series of online events, videos and podcasts looking at the biggest issues faced by businesses and individuals today.