Recovering German corporates are set to drive the
next stage of German law high yield due to their preference for
local law and advisors.
Leïla Röder of White & Case in Munich
said banks are confident that a number of the companies, known
as fallen angels, are getting more comfortable with high yield
and are looking to tap the capital markets for funding over the
next two years.
According to Röder, the banks believe these companies
will insist on German law...