Debt capital markets – the swiss perspective on cross-border restructuring of (high yield) bonds

In cross-border restructurings of (high yield) bonds, issuers more frequently seek to apply foreign statutory laws and schemes that could ease restructuring by way of forcing certain non-consenting noteholders to accept the amended terms. From the perspective of Swiss issuers and guarantors, cross-border restructurings raise critical Swiss law questions and require a thorough legal analysis.