Our restructuring and insolvency team
We offer leading expertise to businesses that are impacted by the continuing uncertainties in global markets and economies. Acting for some of the largest and most high-profile debtors, lenders, insolvency practitioners and pension trustees, we provide the in-depth knowledge and expertise needed to help businesses facing restructuring, insolvency or contentious issues with tailored solutions and dedicated advice.
Our team is recognised for resolving complex distressed matters and structuring novel special situation financings, working with special situation funds and other alternative capital providers and for supporting lenders and investors on non-performing loan portfolio transactions and distressed investment opportunities across multiple jurisdictions. We are trusted by a wide range of clients across many industries, most notably in the energy, commodities and mining sectors, something that truly sets us apart from our peers.
Our experience includes some of the most difficult and complex financial restructurings, including many of the biggest restructurings in recent years and a number of market 'firsts' including:
- Advising Virgin Atlantic in relation to its interests in Flybe as part of the Connect consortium, and previously on its takeover offer for Flybe and a novel transaction structure.
- Advising Ernst & Young on the Nortel administration and CVAs- one of the biggest restructuring mandates in the world
- Advising the senior lenders to North Sea Oil & Gas company EnQuest plc in connection with the group's restructuring of its US$1.7 billion revolving credit
- Acting on behalf of SeaTrucks International in a complicated dispute concerning the recovery of specialist vessels of strategic importance to the Nigerian oil and gas industry, and the successful settlement of over 100 proceedings involving 65 parties globally effected via a complex restructuring.
JJB Sports on a series of measures designed to create a stable financial platform for the revitalisation of its retail business, including the use of a ground-breaking CVA to effect a solvent restructuring, paving the way for similar arrangements to be used by other listed companies including a second CVA by JJB.
We are recognised by the leading legal directories for our extensive restructuring and insolvency expertise, with our 'high-quality team' attracting praise for its 'ability to manoeuvre around difficult and conflicting stakeholders', and for its 'excellent oil and gas sector expertise'.