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JIBFL: In Practice - COVID-19 and the impact on financial covenants


In this In Practice article Finance partner Donald Lowe and Knowledge Counsel James Bell examine the impact of COVID 19 on financial covenants. A borrower may seek to argue that financial ratios should be calculated on the basis of "EBITDAC", so that the effect of the Coronavirus is ignored.

This article first appeared in the May 2020 edition of Butterworths Journal of International Banking & Financial Law. 

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