Covid-19 calls: Ian Johnson and Tom Vickers at Slaughter and May in London
“At some point, if they want to start trading again, they are going to need money to rehire their employees and start paying suppliers, and it’s not clear to us how they will get that money”. Slaughter and May’s head of restructuring Ian Johnson and partner Tom Vickers tell GRR about their work advising the UK government on some of its initiatives to deal with the impact of covid-19, the difficulty companies are having trying to access urgent liquidity, and their hopes for the introduction of a new debtor-in-possession financing tool.
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