The world of liability management exercises (LMEs) is ablaze with legal battles, hot on the heels of the game-changing ‘Serta’ ruling. That decision rattled the market, leaving everyone wondering: what will trigger the next seismic shift in LMEs?

Join 9fin for a webinar on Tuesday, June 24 at 3pm ET, where we’ll explore the active LME litigation in 2025, identifying key trends and provisions that could either be solidified as valid workarounds or permanently excluded from the borrower and majority lender playbook.

The discussion will focus on critical ambiguities and their potential "threat-level Serta" impact on the market, including the:

• Enforceability and implications of no-action clauses for minority lenders' ability to challenge transactions
• Assertion of fraudulent transfer claims – has the historically limited success in court made these arguments ineffective?
• Ongoing debate over sacred rights
• Burgeoning importance of implied covenant of good faith and fair dealing in LME disputes

By examining these active ambiguities, this webinar will provide valuable insights for restructuring professionals seeking to understand the risks and opportunities in the dynamic world of LMEs.

Speakers include:

• Jane Komsky, head of LMEs, 9fin
• George Klidonas, partner, Latham & Watkins LLP
• Justin D. Lee, partner, Weil
• Stephen D. Silverman, partner, Gibson Dunn
• Maya Grant, partner, Milbank
• Joe Graham, partner, Paul, Weiss, Rifkind, Wharton & Garrison LLP

Don't miss this opportunity to gain clarity on what may reshape market practices. Sign up below.