In distressed deals enhanced risk meets opportunity. Such transactions promise to a buyer to be a bargain, as distressed sellers are usually forced to give considerable concessions in order to close a deal as soon as possible. To secure the deal, the buyer needs to keep that pace and act swiftly. Still, the last thing your client wants to do is to buy a problem without due consideration. Therefore, you need to get your act together promptly. The panel will highlight the main challenges of a distressed transaction in Europe and the precautions to take; it will also discuss the intricacies of deals with negative price, highlight the new EU rules on the treatment of shareholders and creditors and explore their influence on distressed deals now and in the future.