This third edition provides legal analysis of international corporate, banking, and sovereign debt restructuring, from the perspective of creditors and debtors, providing practical guidance to help practitioners, policy-makers, and academics in the UK and US to understand current developments in debt restructuring.

This book makes impressive reading ... and will prove very useful for academics and students alike, bringing together a tremendous wealth of expertise in three distinct fields of study in a single volume.

The new second edition of Debt Restructuring ... gives us a detailed legal analysis of international corporate, banking, and sovereign debt restructuring, from the perspective of both creditors and debtors so the book has quite a wide reach and is heavy on detail. The authors set out practical guidance to assist practitioners, policy-makers, researchers and academics to understand current developments in debt restructuring, and provides solutions for creditors holding distressed debt and debtor options in a distressed scenario. We feel it should be compulsory reading for public servants and members Of the judiciary, too.

This impressive volume combines the efforts of leading academics and practitioners in examining the many facets of debt restructuring. It would not be an exaggeration to state that this is a truly magisterial work, advancing our understanding of both policy and minutiae of debt restructurings.

Rodrigo Olivares-Caminal is Professor in Banking and Finance Law at the Centre for Commercial Law Studies at Queen Mary University of London. Prior to joining CCLS, he was a Senior Lecturer in Financial Law and the Academic Director at the Centre for Financial and Management Studies (SOAS), University of London and the School of Law, University of Warwick. He has acted as a Sovereign Debt Expert for the United Nations Conference on Trade and Development (UNCTAD), Senior Insolvency Expert for the World Bank / IFC and as a consultant to multilateral institutions in Washington DC and Europe, Central Banks and Sovereign States. He specialises in international finance and insolvency law, and is the author/editor of seven books. Randall Guynn is co-head of the Financial Institutions Group at Davis Polk & Wardwell. He is a leading bank regulatory and M&A lawyer, and has been ranked a Star Individual in bank regulation by Chambers. He was named Banking Lawyer of the Year and Most Highly Regarded Banking Lawyer in the World by Law Business Research (2014 & 2017). He advises on financial services, including on critical transactions, business opportunities, and corporate governance issues. Alan Kornberg is co-chair of the Restructuring Department at Paul, Weiss, Rifkind, Wharton & Garrison LLP. He received his J.D. from New York University School of Law after completing his A.B. at Brandeis University, where he graduated magna cum laude. Sarah Paterson is Professor of Law at the London School of Economics, researching corporate insolvency and restructuring law. Previously, Sarah was a partner in the Restructuring and Insolvency Group of Slaughter and May, where she retains a senior consultancy. She is editor of McKnight, Paterson and Zakrzewski on the Law of International Finance and author of Corporate Reorganization Law and Forces of Change (OUP, 2020). Sarah is a member of the Council of the Insolvency Lawyers' Association, the technical committee of the Insolvency Lawyers' Association III, and the General Technical Committee of R3. Eric McLaughlin is a partner in the Financial Institutions Group at Davis Polk & Wardwell. He provides bank regulatory advice to financial institutions. He has advised clients on the Bank Holding Company Act, the National Bank Act, the Home Owners' Loan Act, and other statutes and regulations applicable to financial institutions. He also advises on capital markets and M&A transactions, as well as on compliance, enforcement, and corporate governance matters, as well as on matters relating to digital assets and distributed ledger technology. Dalvinder Singh is Professor of Law at the University of Warwick. He has been Adjunct Professor, Alma Mater Studiorum (Università di Bologna), Department of Management since 2019. His research interests are in the fields of banking supervision and cross border banking. He is the editor of the Journal of Banking Regulation and a member of the Advisory Panel of the International Association of Deposit Insurers, Switzerland.