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Defending the 'Fort' in a Turnaround - Lender's Counsel Can Play Key Role

The Journal of Corporate Renewal

July 01, 2002
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.
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