As we start to emerge from the turmoil created by the Covid-19 pandemic, we open our eyes to vastly different landscape to the one we saw after the 2008 financial crisis. After an in-depth consultation across the major European jurisdictions, our pan European R&I experts have put together a presentation assessing the impact of the pandemic so far and, more importantly, predicting the major R&I trends for 2021 and beyond. This presentation covers the macro European-wide trends and also delves deeper into country specific trends.

More restructurings for years to come… (as government support tapers off, cash reserves are burnt off and amend-and-extend deals elapse)

...concentrated in certain sectors… (including leisure, real estate, retail)

...using novel techniques… (as the EU Restructuring Directive is implemented across Europe by July 2022)

...involving new participants versus the previous financial crisis (such as direct lenders and European governments)

So what?

Since laws are changing across Europe, and companies have operations and financing structures across multiple jurisdictions, all of this means that corporates and capital providers need to work with advisers with a deep bench of national and sectoral expertise across multiple European jurisdictions.