Podcast

Liability management exercises in the spotlight—defences and protections

Liability management exercises in the spotlight—defences and protections
Published Date
Nov 5, 2026

The A&O Shearman Restructuring team’s new three-part podcast series explores some of the latest themes and trends in the liability management exercise (LME) market.

In this second episode our host, counsel Tayyibah Arif (London), is joined by partner Tim Watson (London) to cover: 

  • how creditors are defending themselves against LMEs
  • the contractual protections being built into deals
  • how the market is evolving to counter perceived LME risk
  • the growing use of cooperation agreements

Listen to the second episode below.

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