30Jan
European Debt and Equity Markets Resilient in Face of Turbulent Year
The European debt and equity markets shrugged off the impact of a nearly total shutdown due to COVID-19 at the end of the first quarter of 2020 to rebound with strong performances in the second half of the year. As activity resumed in the late spring, a number of key trends emerged, involving covenant flexibility in high-yield bonds as well as resilient equity markets in the face of both COVID-19 and the impact of pending Brexit regulation....
By:
Skadden, Arps, Slate, Meagher & Flom LLP
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