London Office Managing Partner David Grant, who leads the Firm’s Bankruptcy, Restructuring and Insolvency Practice Group in London, provided insight to Bloomberg on a potential surge in insolvencies on the horizon in Europe due to the decline of COVID-19 relief funding. The article focuses on distressed debt funds pursuing opportunities with highly-indebted companies as government support tapers.
Grant observed the desire to support companies “come what may” has faded.
“The word that is being used a lot is carnage,” he said.
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