Defending the 'Fort' in a Turnaround - Lender's Counsel Can Play Key Role
The Journal of Corporate Renewal
July 01, 2002
Article
A turnaround is a lender’s equivalent of a general defending a fort against attack. As such, a lender’s counsel must be prepared to do battle, while at the same time seeking an amicable resolution that keeps the client’s “fort” unharmed and benefits other parties involved to the greatest extent possible.