During the COVID-19 pandemic, a number of borrowers faced a liquidity crunch and turned to asset-backed financings as a way of raising emergency capital as cash flow lending became impossible.
Trust Me – A Security Trustee’s Duties to Subordinated
A recent High Court judgment has highlighted the importance for mezzanine creditors of including express and robust contractual protections when negotiating intercreditor agreements and provides a helpful summary of a trustee’s duties to mezzanine lenders in a security enforcement.