The tailing off of government support across europe and the uk. Represent a potential cliff edge for companies who was to wants to go first? Myinitial reaction is it shouldn't, because the government suppor was not meant to put that kind of pressure. But honestly, i cannot see a government support being the frigger han and then having potentially crossed the fold and making the whole a set of carts crumbled. So certainly not the first mor than in this respect.
Featured this week: Envision Healthcare, Cooper Standard Automotive, Transocean and Valaris. We also discuss Reorg’s analysis of chapter 11 plan recoveries in 2020 and 2021 cases.
And for our deep dive you can hear a webinar replay where EMEA Managing Editor Luca Rossi speaks with Antonio Casari of Northlight and Bruce Bell of Latham & Watkins about the European stressed and distressed credit market outlook for 2022.