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Restructuring

Committee Objectives

The Restructuring Committee works to promote financial restructurings as facilitating operational turnarounds, support recovery of value and uphold priority ranking and pari passu principles, ensure transparency and fairness in any cram-down exercise, and encourage consistency across European jurisdictions.

Transparency and Fairness

This new committee will shortly announce its first set of initiatives. The committee will centralise ELFA engagement on key restructuring topics, including Co-Op Agreements, Liability Management Exercises (LMEs), and the promotion of transparency and fairness in European and cross-border restructuring processes, coordinating with other ELFA committees.

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Publications

Publications such as our Best Practice Guidance for Co-Operation Agreements in Europe help support lenders in an evolving landscape.

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