
Arc of the Covenant
Episode 1: A private cram down
<p>Sabrina Fox welcomes back Shan Qureshi, legal analyst at Octus, to review the year LMEs stopped being tactical outliers and became a core restructuring tool. They work through the deals that made it real: Selecta as a turning point, innocuous steps combining into what Qureshi calls a private cram down; Hunkemoller and governing law as the first major test of creditor-on-creditor violence in Europe; and the Altice drop-downs, executed the second time with no call and no warning. Plus the co-op agreement's journey from shield to sword to antitrust defendant, Part 26A fatigue, forum shopping, and predictions for the...




