Defaults typically occur when the bond issuer or borrower is unable to pay interest or the principal sum to investors or lenders. Events of default are defined in terms and conditions of the transaction document. In case of defaults, the possible outcomes are debt restructuring, winding-up or judicial management. At Vistra, we provide services which involve covenant monitoring for identifying early stages of default; investor communication; and coordinating with external legal counsel for enforcing the security or any other legal action against the issuer or lender.
To discuss how Vistra can help you with Default Management and Litigation, simply complete this form and one of our experts will contact you.
BVI companies may be used for many reasons, including as special purpose, operational or transactional vehicles, and there may come a time when the company is no longer needed.
In August 2023, the US Securities and Exchange Commission adopted new rules and amended others to enhance the regulation of private fund advisers. According to the SEC, the changes are “designed to protect private fund investors by increasing transparency, competition and efficiency in the private funds market.”
Any organisation that conducts cross-border transactions may at some point need to engage a process agent.