Cooperation Agreements & Antitrust: Webinar Recap

Mark Lightner, Esq. - Head of Special Situations Legal Research, CreditSights
Ian Feng, J.D. - Senior Covenant Analyst, Covenant Review

15 January 2026

Download the Full Report to gain insights on:
  • How creditor cooperation agreements function in restructurings and their antitrust implications today.
  • Which legal frameworks courts may apply when assessing coordination challenges among creditors.
  • What the landmark lawsuits reveal about future litigation strategies and available defenses.
  • How market participants are adapting their structures to mitigate emerging coordination risks.
  • Where cooperation trends are heading as courts begin providing clearer guidance signals.

Executive Summary

CreditSights convened leading voices to discuss cooperation agreements facing new antitrust challenges. Experts explored how coordination tools are now under unprecedented legal scrutiny.

Practitioners from restructuring and antitrust practices shared perspectives on this evolving battleground. Their analysis revealed shifting dynamics between creditors, borrowers, and regulatory frameworks.

Cooperation agreements initially emerged as creditors’ response to aggressive liability management strategies. However, these coordination mechanisms now face litigation questioning their market impact.

Recent lawsuits challenge whether traditional creditor coordination crosses antitrust boundaries under federal law. Panelists examined legal frameworks courts may apply and potential defensive strategies.

Additionally, the report captures audience perspectives on likely case outcomes and continuing trends. Download the full analysis to understand how this battle may reshape markets.

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