Introduction
The economic impact of COVID-19 will be far reaching. Governments around the globe are currently grappling with a balance between the protection of the health of their populations and limiting damage to their economies. Corporates that are over-burdened with debts will undoubtedly struggle to take advantage of market opportunities as global economies recover. The tools available to allow corporate entities to restructure their debts is an important factor in determining how an economy will emerge from COVID-19.
Lending in the corporate sector has increased to historical levels since the pandemic began, as many companies seek out debt in a bid to plug gaps in their balance sheets stemming from disruptions attributable to CO…
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