Cloud 9fin

Distressed Diaries — Sue me! Litigation on the rise as European LMEs become more aggressive

17 Sep 2025

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Litigation against aggressive liability management exercises in Europe is on the rise as creditors fight back against sponsor’s tactics to prime minority creditors.Back in November a group of primed creditors in Dutch lingerie maker Hunkemoller filed a lawsuit in New York against US hedge fund Redwood after it uptiered its portion of the debt.Redwood implemented the same tactic in another uptier transaction with UK carpet maker Victoria PLC’s notes, which primed minority holders.More recently, in August a minority creditor in Swiss vending machine provider Selecta filed an appeal against its restructuring in a Dutch court.In this episode of Distressed Diaries, 9fin’s senior distressed reporter Bianca Boorer sat down with Duane Loft, partner at Pallas Partners, who is representing the primed holders in Hunkemoller, and 9fin senior distressed credit analyst Denitsa Stoyanova CFA.We discuss the Hunkemoller case, provide updates on the litigation process, and examine potential outcomes if Victoria's transaction faces legal challenges.We also delve into what creditors should consider when deciding whether to litigate, how litigation can help with negotiations, and compare litigation practices in the US versus Europe. And for more background see here our three-part series on the Americanisation of European LMEs.

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13:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

2ª PARTE | 06 ENE 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

3ª PARTE | 22 ENE 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

3ª PARTE | 04 MAR 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

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Cloud 9fin

Distressed Diaries — Sue me! Litigation on the rise as European LMEs become more aggressive

This episode hasn't been transcribed yet

Other recent transcribed episodes

13:00H | 21 DIC 2025 | Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

2ª PARTE | 06 ENE 2026 | EL PARTIDAZO DE COPE

3ª PARTE | 22 ENE 2026 | EL PARTIDAZO DE COPE

3ª PARTE | 04 MAR 2026 | EL PARTIDAZO DE COPE

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