Meanings of consensual restructuring in English

GDB and its creditors are trying to work out a consensual restructuring.

A consensual restructuring plan would be the best way to avoid litigation delays.

GDB is also holding consensual restructuring talks with its own creditors.

It said the agreement is a "key milestone" in its effort to implement a consensual restructuring.

The key part is buying time to allow Dubai World and creditors the opportunity to come together on consensual restructuring.

After a protracted and complex legal dispute it reached a consensual restructuring agreement with its creditors in May last year.

But Carter & Carter said its lenders have now decided a " consensual restructuring is no longer a viable option".

The bill may include language that protects an existing consensual restructuring deal between creditors and the power utility, PREPA, the congressional aide said.

The board also said it favored extending some key deadlines that could give Rossello's administration more time to negotiate consensual restructuring deals with creditors.

The group, which includes holders of about half the outstanding bonds, is open to a consensual restructuring of the deal or a legal action.

Failing to reach consensual restructuring deals could push Puerto Rico and its many debt-issuing agencies into a messy and costly bankruptcy-like process under PROMESA.

The oversight board will have the authority to facilitate consensual restructuring talks, or push Puerto Rico into a court-supervised process akin to U.S. bankruptcy.

It remains to be seen whether Energy Future will have a consensual restructuring framework in place when it files, as restructuring discussions with creditors continue.

However, the litigation could prove largely symbolic, as sides are expected to put most of their resources into consensual restructuring talks in the coming months.

Puerto Rico, facing $70 billion in debt, is trying to climb out of economic crisis by reaching consensual restructuring deals with various creditor groups.