Scott Greenberg

Scott Greenberg, global chair of Gibson Dunn's Business Restructuring and Reorganization Practice Group, dives into the maze of distressed debt and lender cooperation agreements. He discusses the ongoing cat-and-mouse game between sponsors and lenders, revealing how non-disclosure and anti-cooperation tricks influence negotiations. Greenberg emphasizes the importance of timing in organizing lenders and explores the cultural differences affecting lender dynamics in Europe versus the U.S. His insights shed light on what constitutes success in liability management.

Scott Greenberg, global chair of Gibson Dunn’s restructuring practice, shares his extensive knowledge on liability management exercises and group formation. He discusses how market dynamics are reshaping deal activity and highlights trends in multi-tier LMEs and carve-out premiums. Greenberg delves into the significance of cooperation agreements and their influence on investment outcomes, particularly in cross-border scenarios. He also reflects on the cultural disparities between European and U.S. investment practices, emphasizing the necessity of understanding these differences.

Scott Greenberg, global chair of Gibson Dunn’s restructuring group, dives deep into the world of liability management and cooperation agreements. He explains how cooperation agreements have evolved to become standard in U.S. deals and their growing presence in European markets. Greenberg highlights the shift of CLO managers from passive roles to proactive players in managing distressed assets. The conversation also touches on negotiating dynamics, antitrust considerations, and the necessity for collaboration among lenders to navigate the competitive financial landscape.