
Legal Lens
Mayer Brown's Sean Scott on the lender side of LMTs
Mar 26, 2024
Sean Scott, a senior lawyer at Mayer Brown, discusses liability management transactions, including tactics like Serta defenses and cooperation agreements. He explores the growth potential of LMTs in the next five years, the impact of reduced cooperation agreements on debtors, and strategies to mitigate risks in lending transactions.
23:17
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Quick takeaways
- LMTs safeguard lenders through structured deals and documentary protections.
- Rising prevalence of LMTs requires balancing collaborative practices and protective measures for lenders.
Deep dives
Overview of Sean Scott's Background and Practice at Mayor Brown
Sean Scott, a partner at Mayor Brown, leads the restructuring team focusing on complex insolvency matters. Notably, his recent representations include Regions Bank and Epic's Chapter 11 cases. Scott's interest in bankruptcy stemmed from studying political science and boarding systems. His choice of law over a potential academic path led him to Mayor Brown's collaborative and strong academic culture, where he found mentors and specialized in financial institution matters.
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