Cayman Islands Restructuring: Obtaining Consent In A Crisis

Although there are occasions when formal insolvency proceedings are unavoidable, there are many cases where a consensual, out-of-court approach is more appropriate and desirable.

We are often engaged to assist creditors, directors and other stakeholders with negotiating standstill agreements or restructuring support agreements to give breathing space to put new terms in place and allow the relevant corporate entity (or group) to continue as a going concern.

In addition, in recent times, the Conyers team has been instructed on high-profile and complex mandates to:

• Implement debt for equity swaps: We are often engaged by ad-hoc groups of creditors to assist with an exchange of all or some of their loans for equity in the relevant debtor company;