Troubled Loans as a result of COVID – 19. What lenders need to do?
|Author: Crispin Mwebesa|
|Dated: April 15, 2020|
In the best of times, complex debt restructuring can be a very challenging process. But in the current environment, in the midst of a COVID – 19 outbreak, such debt restructuring are likely to become more vexing.
It is widely reported and documented that COVID – 19 has decreased economic activities of which could push certain companies into debt restructuring or insolvency proceedings. Some of our clients are seeking advice around debt restructuring and insolvency.
Last week, I updated you on some of the points that Borrowers need to consider during these challenging times.
In the same vein, we wish to update you on some of the points that Lenders need to contemplate when considering debt restructuring.
The above are some of the points that lenders need to take into consideration.
Should you require our services on any of the above, kindly contact us.
This publication has been prepared for information purposes only, and it does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, Afrilex Associates, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.