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For some companies, the waivers will be enough to cope with their high debt burdens during the downturn, but for others, the standstill agreements might be the first step on the long road to restructuring.
Restructuring looms.
Restructuring brings higher unemployment".
Gives his plans for restructuring.
All three are desperately restructuring.
Video: Ford Accelerates Restructuring.
Newspaper bankruptcies require restructuring.
Ziff Avoids Chapter 11; Bondholders OK Restructuring.
Use cognitive restructuring.
The company is still in negotiations with its banks, including HSBC, Lloyds, RBS and Standard Chartered, which together are owed around $5bn, in the hope of achieving a standstill agreement on further repayments until it can restructure $22bn of its debt.
Dubai World, the government-owned conglomerate behind the former P&O ports operator as well as some of the most ambitious building projects in the Gulf state, is asking creditors for a six-month "standstill" on its debt repayments and has appointed Deloitte to restructure the business.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com