This publication provides a comprehensive analysis of Liability Management Exercises (LMEs) across the Netherlands, Luxembourg, Belgium, and Switzerland, detailing their strategic role in corporate debt management and financial restructuring. 

  • This overview explores the main types of LME transactions, such as tender offers, exchange offers, drop-down financings, uptiering, and double-dip transactions, while highlighting the legal, tax, and governance considerations unique to each jurisdiction. 
  • This overview underscores that while LMEs are more established in the US, they are gaining traction in Europe, offering companies powerful tools to manage liabilities and enhance long-term financial stability, provided they navigate the diverse legal and financial landscapes with care.

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The topics covered in this brochure may affect strategic decisions and future investments. Would you like to learn more or have questions about the implications for your organisation? Feel free to contact one of our advisers. They will be happy to think along with you and provide further assistance.