How the Balance of Power Is Changing in the Resolution of Corporate Financial Distress
Reynolds Holding
AUGUST 2, 2022
Among those who study corporate financial distress and reorganization, the notion that senior lenders are in control is deeply ingrained. Celebrated papers in the law and corporate finance literatures attribute lender influence during periods of distress to blue-sky contracting practices. [1] 917 (2003); Douglas G. 751 (2002).
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