2025 has been a year of transformation and challenge across the European restructuring landscape. In this review, we’ll explore three pivotal themes shaping the market.

  1. Restructuring Plans: The evolving legal and commercial dynamics, landmark cases, and the shifting balance between creativity and orthodoxy.
  2. Liability Management Exercises (LMEs): The rise of hybrid strategies, creative solutions, and the interplay between European and U.S. market practices.
  3. Distressed Disposals: Why these mechanisms are back in focus, and how they’re reshaping outcomes for stakeholders.

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