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Restructuring

Committee Objectives

The Restructuring Committee aims to encourage the upholding of core principles in a complex restructuring landscape. Launched in late 2025, it promotes transparency, fairness, and consistency by addressing market developments, reinforcing principles like capital structure integrity and equitable treatment, and supporting cross-border dialogue to improve investor outcomes.

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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