November 4, 2026
Willkie partners Edward Best and Jeffrey Pawlitz contributed chapters to a new legal guide, Liability Management Exercises: Law and Practice. It is the first comprehensive practitioner text on liability management exercises (LMEs) across the UK, US, and Canada.
Eddie Best authored the chapters titled “Amendments to Debt Instruments” and “Distressed Debt Tender and Exchange Offers and Consent Solicitations in the United States.”
Jeff Pawlitz authored the chapter “Statutory Methods of Implementing LME Structures Through Chapter 11 in the United States” and co-wrote a chapter on “Jurisdiction-Specific Considerations for Structuring LMEs.”
Eddie Best is a member of the Corporate & Financial Services Department and Co-Chair of the Capital Markets practice. With over 35 years of experience, Eddie is recognized as one of the nation’s leading capital markets lawyers, representing issuers and underwriters in debt, equity, convertible and hybrid securities offerings, and liability management transactions in the U.S. and international markets.
Jeff Pawlitz is a partner in the Strategic Capital and Restructuring Department and Chair of the Creditor and Lender Rights practice. He advises sophisticated investors in distressed and opportunistic financing transactions and complex restructuring matters, including multi-jurisdictional and cross-border matters spanning numerous industries. He also has significant experience serving as lead counsel to companies in chapter 11 and out-of-court restructuring transactions.
Find out more about the Liability Management Exercises: Law and Practice guide here.
