| answer text |
<p>The UK, alongside the G20 and Paris Club, expects creditors, including private
creditors, to participate in debt restructurings on comparable terms.</p><p> </p><p>At
this stage, the Government is not pursuing a legislative approach that would force
private or other lenders to participate in debt restructurings. The Government is
focused on delivering a market-based (contractual) approach to private sector participation,
including taking the lead in developing Majority Voting Provisions for private syndicated
loans. These promote more efficient restructurings and reduce the ability for creditors
to hold out.</p>
|
 |
