Embed Size (px)
Citation preview
2018
To achieve the goals of INSOL International, The Group of Thirty-Six was
formed as the principle sponsorship vehicle for its activities. The member
firms provide significant ongoing financial support to INSOL to enable INSOL
to carry out its collaboration on major projects such as those listed below:
• The World Bank Principles and Guidelines for Effective Insolvency Systems
• UNCITRAL Model Law on Cross-Border Insolvency
• UNCITRAL Legislative Guidelines on Insolvency Law
• IMF Report on Efficiency Insolvency Procedures
• Group of Thirty Report on “International Insolvencies in the Financial Sector”
• Group of Thirty Report on “Reducing the Risks of International Insolvency”
• UNIDROIT Convention on International Security Interests
• G22 Key Principals and Features For Insolvency Regimes
In addition, the Group of Thirty-Six has enabled INSOL to publish:
• Statement of Principles for a Global Approach to Multi-Creditor Workouts I & II
• Consumer Debt Report I & II
• Directors Liabilities and Disqualification – The Twilight Zone Volumes I, II, III, IV & V
• Review of the Global Insolvency Marketplace
• Cross-Border Insolvency a Guide to Recognition and Enforcement I & II
• Employee Entitlements
• Bank Insolvency, An International Guide for Deposit Insurers
• Financing in Insolvency Proceedings
• Credit Derivatives in Restructuring
• Treatment of Secured Claims in Insolvency and Pre-Insolvency Proceedings
• Claims Presentation and Resolution in Insolvency Proceedings
• Financial and Tax Consideration for Distressed Companies and their Creditors
• INSOL Technical Paper Series
• Creditors’ Rights in Insolvency Proceedings: A Practical Guide for Smaller Practices
• Avoidance of Antecedent Transactions and Cross-Border Insolvency
• Guide to Islamic Finance
• Pensions & Insolvency - An International Survey
• Global Framework for Claims Recognition and Reconciliation
Contents
AlixPartners LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Allen & Overy LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Alvarez & Marsal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Baker McKenzie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
BDO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Brown Rudnick LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
BTG Global Advisory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Clayton Utz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Cleary Gottlieb Steen & Hamilton LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Clifford Chance LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Conyers Dill & Pearman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Davis Polk & Wardwell LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
De Brauw Blackstone Westbroek N .V . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Deloitte LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Dentons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
DLA Piper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
EY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Ferrier Hodgson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Freshfields Bruckhaus Deringer LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
FTI Consulting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Goodmans LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Grant Thornton . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Greenberg Traurig LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Hogan Lovells . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Huron Consulting Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Jones Day . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
King & Wood Mallesons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Kirkland & Ellis LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
KPMG LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Linklaters LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Morgan, Lewis & Bockius LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Norton Rose Fulbright . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Pepper Hamilton LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Pinheiro Neto Advogados . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
PPB Advisory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
PwC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Rajah & Tann Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
RBS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
RSM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Shearman & Sterling LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Skadden, Arps, Slate, Meagher & Flom LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
South Square . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Weil, Gotshal & Manges LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
White & Case LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
INSOL wishes to thank the members of the Group of Thirty-Six for their continued support .
one
two
In today’s fast paced global market, timing is everything. You want to protect, grow or transform your business. To meet these challenges we offer clients small teams of highly qualified experts with profound sector and operational insight. Our clients include corporate boards and management, law firms, investment banks, investors and others who appreciate the candor, dedication, and transformative expertise of our teams. We will ensure insight drives action at that exact moment that is critical for success.
AlixPartners is a leading global business-advisory firm of results-oriented professionals specializing in creating value and restoring performance at every stage of the business life cycle. We thrive on our ability to make a difference in high-impact situations and deliver sustainable, bottom-line results.
We bring our experience to bear to address organizational issues involving leadership, financial restructuring, operational turnaround and improvement, and execution of restructuring and operational solutions.
AlixPartners’ engagements include many of the most complex global restructurings of recent years, including Puerto Rico Electric Power Authority (PREPA), Caesars, Snoras Bank, Kodak, HibU, Afren, and General Motors.
No other firm delivers this combination of skills in turnaround and restructuring situations with the same efficiency and competence.
AlixPartners. When It Really Matters.
Contacts
Simon [email protected]+1 646 746 2474
Lisa Donahue – New York [email protected]+1 212 297 6329
Axel Schulte – [email protected]+49 211 97 55 10 53
Simon Appell – London [email protected]+44 20 7332 5269
Lorenzo Pietromarchi – [email protected]+39 02 360 12069
Laurent Petizon – [email protected]+33 1 76 74 72 07
Masahiko Fukasawa – Tokyo [email protected]+81 3 5533 4850
three
Allen & Overy is one of the world’s leading law firms. Our commitment to helping our clients deliver on their own global strategies has seen us build a truly global network. Since opening our doors in London in 1930, we now have 44 offices globally, with 5,400 people and 554 partners in 31 countries. This network, combined with our partnerships with local firms in over 100 locations where we do not have a presence, has allowed us to become one of the largest and most connected law firms in our peer group. With a global reach and local depth that is simply unrivalled, we bring new and innovative ways of thinking to the increasingly complex legal and commercial challenges our clients face.
Global reach, local depth.With more than 150 lawyers across our network dedicated to restructuring and insolvency work, we specialise in cross-border refinancings, restructurings and insolvencies, utilising the full range of international options. Our team regularly advises significant stakeholders on the largest and most complex insolvency and restructuring related matters across Europe, the United States and the Middle East. In addition, our Asian practice assists both multinational and regional clients in often challenging emerging markets. We work closely with specialists in related practice areas, including finance, corporate, employment, pensions, tax, environmental, regulatory, capital markets, and litigation, in a truly integrated way. This approach delivers innovative and effective results to our clients from every single part of the capital structure.
At the cutting edge.Being at the forefront of the market is part of who we are. While many members of our team are widely recognised as leading individuals in insolvency and restructuring, it is our ability to work as one team across multiple jurisdictions that truly sets us apart.
“They provide a one stop solution when you do cross-border restructuring.”Chambers Europe 2017 – Restructuring/Insolvency – Europe-wide
“The quality of their thinking stood out, and we wanted a firm who had the people and brainpower”.Chambers UK 2017 – Restructuring/Insolvency
Allen & Overy LLPOne Bishops SquareLondon E1 6ADT: +44 20 3088 0000www.allenovery.com
KEY GLOBAL CONTACTSIan FieldHead,Global Restructuring GroupT: +44 20 3088 2671E: [email protected]
UNITED STATES
Ken ColemanNew YorkT: +1 212 610 6434E: [email protected]
EUROPE
Earl GriffithLondonT: +44 20 3088 2635E: [email protected]
Sigrid JansenAmsterdamT: +31 20 674 1168E: [email protected]
Peter HoegenFrankfurtT: +49 69 2648 5905E: [email protected]
Rod CorkParisT: +33 1 40 06 53 71E: [email protected]
ASIA
Richard WoodworthHong KongT: +852 2974 7208E: [email protected]
AFRICA
Lionel ShaweJohannesburgT: +27 10 597 9860E: [email protected]
MIDDLE EAST
Christian SaundersDubaiT: +9714 426 7106E: [email protected]
four
OverviewPrivately-held since 1983, A&M is a leading global professional services firm that delivers performance improvement, turnaround management and business advisory services to organizations seeking to transform operations, catapult growth and accelerate results through decisive action.
Alvarez & Marsal Global Services• Restructuring & Turnaround: A&M draws from its hands-on approach and relentless focus on
execution and results. We advise on every aspect of the process from strategic direction to liquidity management to business plan development. We deliver specialized operational, consulting and industry expertise to management and investors seeking to accelerate performance, overcome challenges, catapult growth and maximize value across the corporate and investment lifecycles.
• Interim & Crisis Management: We fill Chief Restructuring Officer, Chief Financial Officer and Chief Executive Officer roles, on an interim basis, to help guide companies through crises and other challenging business or economic environments.
• Insolvency: Our insolvency practitioners have experience taking insolvency appointments over a broad range of large, complex, cross-border and mid-sized corporate entities. With a strong track record of financial and operational expertise, our team works with Boards to produce contingency plans, deliver restructuring or preserve and maximize value.
• Corporate Performance Improvement: Working with Global 1000 and FTSE 100 companies, A&M brings a hands-on, activist approach to affect positive change to people, processes and operations through practical approaches that are proven to work.
• Global Transaction Advisory: Whether making an investment or exiting one, A&M delivers financial, operational, commercial and accounting due diligence services to private equity firms, hedge funds and corporate acquirers. A&M works with clients to analyze, identify and evaluate the impact that key factors will have on investment theses and transaction values.
• Disputes & Investigations: Our diverse group of professionals possesses deep financial, accounting, economic, regulatory, industry and technology expertise in a wide range of complex matters. A&M also supports companies in developing and implementing business-focused cyber security strategies and programs that respond to and support their changing needs.
• Tax: As a founding member of Taxand, the world’s largest independent organization of global tax advisers, A&M helps clients maximize tax benefits while mitigating risk to maintain compliance and positioning in an ever-changing regulatory environment. We provide responsive and comprehensive tax advice to clients in a broad range of industries and offer multinational clients a choice in tax advisers without audit-based conflicts of interest.
• Valuation: A&M delivers world class financial and tax reporting, purchase price allocations and impairment-testing to public and private firms. We have expertise in financial statements, enterprise valuations, fairness and solvency opinions, valuations of derivatives/options, private equity/portfolio valuations and shareholder value analysis.
• Regulatory & Risk Advisory: We help organizations successfully execute business strategy and maximize growth while minimizing risk and navigating regulatory issues. Our professionals bring interdisciplinary expertise and tactical and strategic skills to help financial institutions address challenges.
• Corporate Governance: We navigate regulatory complexities to provide assurance to your Board and executive teams. A&M assesses an organization’s corporate governance performance and risk profile and evaluates business effectiveness while overseeing enterprise risk management. A&M also brings crisis and succession planning to corporate boards and executives.
• Executive Compensation and Benefits: A&M develops and implements targeted executive compensation and benefit programs to help clients attract and retain top talent. We specialize in cash compensation, qualified benefits, supplemental nonqualified executive benefits and equity arrangements.
IndustriesAerospace & Defense, Automotive, Business Services, Consumer Products, Education, Energy, Environmental, Financial Services, Healthcare, Pharmaceuticals, Public & Social Sector, Real Estate, Retail, Telecommunications, Media & Technology, Transportation & Logistics.
Offices throughout the Americas, Europe, Asia and the Middle East.
For more information, please visit www.alvarezandmarsal.com.
five
Our FirmWe help clients overcome the challenges of competing in the global economy.
We solve complex legal problems across borders and practice areas, operating in 77 offices in 47 countries around the world. Our unique culture, developed over 60 years, inspires our people to:
• Understand local markets and customs
• Navigate multiple jurisdictions
• Work together as trusted colleagues and friends
• Instill confidence in our clients
Our Global Restructuring & Insolvency groupOvercoming debt is difficult even in the best of times. In a crisis, our R&I lawyers create and execute coordinated cross-border solutions with a speed and ease few can match. Using a holistic approach, we draw on local and multidisciplinary skills to provide advice on all aspects of R&I, as well as critical tax, employment and corporate issues. We have lawyers that are both R&I experts and qualified in local law in 47 countries. For decades we have helped clients address financial difficulties around the world. Our lawyers have represented creditors, corporate debtors and investors in some of the largest and most complex international restructurings and insolvencies. We also facilitate turnarounds and settlements, help raise capital to prevent costly defaults, and assist in disposing of or acquiring assets to protect and preserve value. Although disputes are inevitable, our track record in resolving them is among the world’s best.
Market Leading opinion & expertiseBaker McKenzie’s Global Restructuring & Insolvency Blog explores recent developments in the law of R&I throughout the world. Regular contributions from Baker McKenzie attorneys from across the globe make this a unique resource in the market. It also features our comprehensive Global Guide to R&I, which is also available on the iTunes App Store.
Industry recognitionWinner - ‘Innovation in cross-border Insolvency and Restructuring’ 2017 Global Restructuring Review Awards
Further informationFurther information on our people, locations and expertise can be found at:
www.bakermckenzie.com/en/expertise/areasofpractice/restructuring-andinsolvency
Key Global Contacts
Debra A. Dandeneau Ian Jack
Global R&I Group Co-Chair Global R&I Group Co-Chair452 Fifth Avenue, 100 New Bridge Street,New York, NY 10018 London, EC4V 6JAT: +1 212 626 4875 T: +44 20 7919 1700E: [email protected] E: [email protected]
www.bakermckenzie.com
restructuring.bakermckenzie.com
six
Our international network
As one of the world’s largest accountancy and business advisory networks, we have the international reach and expertise to deliver the best solution for our clients. We have over 68,000 staff operating from 1,400 offices in 158 countries. Our partners provide seamless advice across borders, understanding and respecting the issues and sensitivities which arise when businesses in distress operate in more than one country. We bring together expertise from across the breadth of BDO. Our advice is pragmatic and tailored to each client’s circumstances. Our service is personal and partner-led, combining the best of a local organisation with the quality, professional expertise and reputation of an international firm.
Our services include: Formal insolvency appointments
We act as insolvency office holders in all types of formal insolvencies for companies and individuals. We are able to take appointments in all the major jurisdictions or we can advise and support our clients through the insolvency process. We have a dedicated team of insolvency and forensic specialists who focus on contentious and cross border corporate insolvencies. Our work here includes:
• Asset tracing investigations;
• Formal insolvency appointments, whether under the Insolvency Act or similar foreign procedures;
• Court appointments (acting as provisional liquidators, court appointed receivers etc) to hold and manage assets;
• Deep litigation expertise; and
• Acting as an expert witness.
Our corporate simplification team assists our clients to streamline their corporate structures, including the use of solvent liquidations.
Restructuring Advisory We offer a full range of restructuring advice to maximise value and keep companies out of formal insolvency. We have specialist teams who provide the following services:
• Special Situations M&A;
• Operational advisory;
• Debt advisory;
• Pensions advisory;
• Independent business reviews; and
• Cash and liquidity/working capital management.
Complementing the provision of restructuring advice to lenders and other creditors, we have a dedicated Corporate Advisory team who act for companies, their shareholders and their management when they are experiencing financial, operational and/or event driven change or stress. The team has ‘real world’ experience and leverages BDO’s acknowledged multi-sector global expertise. Services commonly require: analysis of issues and options; identification of turnaround, liquidity and operational restructuring solutions; implementation of plans, including taking interim management roles; and assisting boards in their engagement with stakeholders.
International contacts
Europe, Middle East & Africa
Mark Shaw
T +44 20 7893 3246
Australasia
Andrew Fielding
T +61 7 3237 5999
Caribbean
Russell Smith
T +1 345 916 6796
Asia
Johnson Kong
T +852 2218 8221
Americas
David Berliner
T +1 212 885 8347
seven
Brown Rudnick’s Bankruptcy and Corporate Restructuring Group is among the pioneers in representing hedge funds and other high-yield investors and fund managers. By offering high-level experience, focused, creative strategies, and an interdisciplinary staffing approach, the Firm has assisted this constituency in reshaping the dynamics of insolvency and financial distress.
The Firm has successfully represented an impressive list of official and ad hoc committees, general unsecured creditors, equity holders and other central parties in interest in many of the largest and most complex corporate debt restructuring and refinancings and in-court and out-of-court workouts.
The Firm serves fund clients in a wide spectrum of investment activities such as fund transactions, distressed debt and claims trading, portfolio company acquisitions and dispositions, and shareholder activism. When representing funds as bondholders in major corporations based in the U.S., Europe or elsewhere, Brown Rudnick has the ability to be directly adverse to many leading commercial banks that may be at odds with bondholders in the capital structure. This strategy has allowed the firm to act conflict-free against these major financial institutions in complex global litigation and other high value matters.
Over the last 12 months our team has worked on some of the highest profile matters of the year including representing the Special Master of the $1 Billion U.S. Department of Justice Restitution Fund of Takata Corporation (a Japanese, US and European Restructuring), the National Commercial Bank of Anguilla (an Anguillan and US insolvency proceeding), the BVI Liquidators of Fairfield Sentry Limited (a BVI liquidation with US Chapter 15 case), Pescanova (a Spanish restructuring, but with subsidiaries all over the world), the bankruptcy trustee of Mt. Gox, a Japanese Bitcoin business (a Japanese bankruptcy), certain bondholders of New World Resources (a UK restructuring), the restructuring of Homburg Invest Inc. through our representation of the single biggest creditor, Catalyst Capital Group Inc. (a Canadian restructuring) and the ad hoc group of senior creditors of Phones4 (a UK administration).
Members of our team have been involved in many high profile assignments and cutting-edge cross-border cases including:
With regard to the team’s international focus, restructuring assignments have included Austria, France, Netherlands, Germany, Italy, Paris, Romania, Montenegro, Serbia, Czech Republic, Sweden, Norway, Greece, India, Iceland, Spain, Morocco, Africa, China, Far East and all of the offshore jurisdictions. Key Contacts:
David J. Molton, Partner and Leader of the International Disputes DepartmentNew [email protected]
Edward S. Weisfelner, Partner and Co-Chair of the Bankruptcy and Corporate Restructuring DepartmentNew [email protected]
William R. Baldiga, Partner and Managing Director of the Litigation & Restructuring DepartmentBoston/New [email protected]
Henry Kikoyo, [email protected]
Louise Verrill, Partner and Co-Chair of the Bankruptcy and Corporate Restructuring [email protected]
Jeffrey L. Jonas, Partner and Co-Chair of the Bankruptcy and Corporate Restructuring DepartmentBoston/New [email protected]
Didier Bruère-Dawson, [email protected]
Robert J. Stark, PartnerNew [email protected]
Benjamin M. Klinger, [email protected]
Our Offices:
London
Boston
New York
Hartford
Orange County
Paris
Providence
Washington, DC
For more information, please visit: www.brownrudnick.com
• Arcapita Bank
• Mt. Gox
• LyondellBasell
• Fairfield Sentry Limited
• Minneapolis Star Tribune and Washington Mutual
• Homburg Invest
• Pensioenfonds Vervoer
• Awal Bank
• Central Bank of Bahrain
• MG Rover
• Powerhouse
• TXU
• Euro Tunnel
• Enron
• Polestar
• Lehman
• SPhinX
• Takata Corporation
• National Commercial Bank of Anguilla
• Northern Rock
• Anglo Irish
• Allied Irish
• Bank of Ireland
• Party in the distressed M&A process in respect of the Coryton refinery following the insolvency of the Petroplus group
eight
BTG Global Advisory is one of the world’s largest
specialist independent financial advisory alliances.
We cover all continents as well as multiple offshore
centres, and we are a trusted advisor to many leading
banks, law firms, private equity and other funds,
bankruptcy debtor and creditor committees, operating
companies, and other parties affected by distress.
BTG Global Advisory is multidisciplinary, offering
a broad range of professional services necessary to
provide solutions to business problems. Its members
include restructuring advisors and insolvency
specialists; turnaround directors, workout and profit
improvement consultants; forensics investigators and
other litigation support professionals; and investment
banking/M&A transaction advisors amongst other
specialists.
Our members are leading players in their markets
and have an international outlook, which reflects the
increasingly global nature of business.
BTG Global Advisory
31st Floor, 40 Bank Street, Canary Wharf, London, E14 5NR, United Kingdom
T: +44 20 7412 8371
W: www.btgga.com
Contacts
Nigel AtkinsonChief [email protected]: +44 20 7412 8371
Africa: Les [email protected]: +27 11 728 7166/7
Asia Pacific:Geoff [email protected]: +61 3 9670 8700
Canada:Allan [email protected]: +1 416 496 3732
France:Harry [email protected]: +33 1 44 71 08 08
Germany: Ivo-Meinert [email protected]: +49 89 858 9633
Greece: Elias [email protected]: +30 215 215 7378
India:Sajeve [email protected]: +91 1 2583 2561
Italy:Prof. Alessandro [email protected]: +39 02 7611 3100
Offshore:Kenneth [email protected]: +1 345 947 4700
Poland: Michal Nowicki [email protected]: +48 601 51 51 69
Spain:Áticus [email protected]: +34 91 577 72 41
South America:Wilbert [email protected]: +55 11 3062 8634
United Kingdom:Mark [email protected]: +44 20 7516 1500
United States: Ian [email protected]: +1 404 835 8840
nine
THE FIRMClayton Utz is a leading Australian law firm, known for the strength of its independent culture and its confident and engaging approach. With over 170 partners and more than 1,400 employees across six offices, we continue to build on our reputation for innovative and incisive legal advice.With a genuine commitment to client service, we are trusted advisers to a diverse base of private and public sector organisations. We are also a global leader in pro bono, with one of the largest pro bono practices of any law firm outside of the US.Our relationships with leading firms around the world mean our clients can be confident they have access to the best possible advice, wherever and whenever they need it.
OUR RESTRUCTURING AND INSOLVENCY (R&I) EXPERTISEOvercoming market challengesWe love a challenge. Having been retained in lead roles in many of the most significant R&I matters in Australia, we know how to develop the right solutions to minimise the impact of a restructuring or insolvency. Tailored solutions Our clients trust us to find the right solutions. Our ability to find ways to support companies rather than simply working through controllerships is our strength. Sector experienceOur extensive industry knowledge and depth of experience, particularly in energy and natural resources and financial services, means that we are consistently retained to act on some of the most challenging restructuring and insolvency matters in the Australian market.International reachAs an independent firm, we invest in relationships with leading foreign law firms to bring clients the best legal advice in any region - Asia Pacific, Europe and the US.
AWARDS AND MARKET RECOGNITION IFLR 1000 - The guide to the World’s Leading Financial Law Firms: In the 2012 - 2016 editions, our R&I practice was ranked Tier 1 and six of our partners were named as leading lawyers.
Chambers Asia Pacific: INSOL Global Insolvency Fellowship - Orla McCoy was named as the top student for the INSOL Global Fellowship Course in 2017.
Clients say: “They commit to a recommendation, are very commercial and are conscious of providing the appropriate level of service relative to the scale of the engagement.” “They’ve been on top of the details, helped us understand the issues as non-lawyers and what they mean commercially, and have helped put our commercial intentions into process.” Chambers Asia Pacific 2016
“Clayton Utz has one of the strongest restructuring and insolvency practices in Australia and continues to be instructed in many of the leading mandates available to the market.” IFLR1000 2016
Clayton Utz have a “‘very high-profile practice’, delivering ‘exceptional response times and crisp, relevant advice’. The Legal 500 Asia Pacific 2016In a firm wide client survey conducted by an external provider, some of our R&I clients said:“I like how Clayton Utz is focussed on client outcomes. They provide great legal advice but it is delivered through a commercial lens to ensure it is practical and effective.” “They provide excellent value for money and are flexible with their fee charging. They understand our business and key stakeholders. They know how we think and they make my job easier.” “They deliver practical and simple solutions to complex legal issues. There is a focus on achieving the optimal commercial outcome. Staff are always accessible and response time is superior to any of their ctitors.”
www.claytonutz.com
Contacts
Scott SharryINSOL G36 contact,+61 7 3292 7542,[email protected]
Karen O’FlynnNational PracticeGroup Leader - R&[email protected]
Jennifer Ball
Cameron Belyea
Zac Chami
Brett Cook
Alistair Fleming
Graeme Gurney
Paul James
Gareth Jenkins
Orla McCoy
Nick Poole
Tim Sackar
Office Locations
Brisbane
Canberra
Darwin
Melbourne
Perth
Sydney
Head office tel: +61 2 9353 4000
ten
Our Practice
Cleary Gottlieb’s global restructuring and bankruptcy practice remains at the forefront of the most complex restructurings, consistently delivering sophisticated, effective and imaginative advice to clients the world over. Offering seamless access to each of our offices in the United States, Europe, Latin America, Middle East and Asia, we are particularly qualified to manage transnational restructurings, combining cross-border experience with an appreciation of local sensibilities. The deep ties that we have formed around the world allow our lawyers to understand both the legal and cultural landscapes of highly complex, multijurisdictional restructurings. Clients appreciate the rigor of our approach, with our lawyers using tough, analytical and outside-the-box thinking to structure creative solutions.
We continue to play central roles in the highest-profile Chapter 11 proceedings within the U.S. and the largest private restructurings outside the United States. Our precedent-setting sovereign practice represents numerous governments in their debt renegotiations and liability management transactions, most recently advising Argentina, Belize, Greece, Iceland, Iraq and Puerto Rico. Moreover, with our top-ranked M&A, tax and pensions practices, we provide invaluable strategic and transactional advice to both buyers and sellers, including some of the world’s leading financial institutions, private equity firms, hedge funds, and public and private corporate acquirers. If matters get contentious, clients rely on our substantial experience in litigating insolvency-related matters before federal courts throughout the United States, and before European national courts and the courts of the European Union.
For more information on Cleary Gottlieb’s bankruptcy and restructuring practice, please visit https://www.clearygottlieb.com/practice-landing/bankruptcy-and-restructuring
New York
Washington, D.C.
Paris
Brussels
London
Moscow
Frankfurt
Cologne
Rome
Milan
Hong Kong
Beijing
Buenos Aires
São Paulo
Abu Dhabi
Seoul
eleven
Clifford Chance LLP10 Upper Bank Street, Canary Wharf, London E14 5JJ
The FirmClifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents.
Our Restructuring practiceOur dedicated, world-class and award-winning Restructuring team, led by a core group of 19 partners, have advised a variety of stakeholders on some of the most complex and high-profile restructuring situations.
We specialise in complex multi-jurisdictional restructurings and insolvencies with dedicated resources in the key European jurisdictions, the US and Asia, in addition to having expertise in our practices in the emerging market jurisdictions. The breadth and depth of our practice allows us to be able to provide strategic advice and technical expertise to creditors, lenders, funds, coordinating committees, private equity sponsors, insolvency practitioners and debtors alike. Clients benefit from restructuring and finance expertise across a full spectrum of products and structures and the ability to access partners who specialise in areas which often prove pivotal in distressed situations, such as finance, litigation and dispute resolution, regulation, real estate, pensions, tax and derivatives.
In recent times, we have been involved in advising on some of the most significant restructurings in the market, including Abengoa, Edcon, the Co-operative Bank, Noble, Frigoglass, Codere SA, Mongolia Mining, Oi SA, Al Jaber Group, Apcoa, Novo Banco, Pelican Rouge (Autobar), Imtech, Cory Environmental, Russian Standard Bank, Dubai World, and PRISA.
Recognised leaders in our field
• Restructuring Team of the Year – IFLR Europe Awards 2017• Restructuring Team of the Year – IFLR Middle East Awards 2017• Restructuring Team of the Year – IFLR Asia Awards 2016• Restructuring Law Firm of the Year – JUVE Awards 2016• Restructuring and Insolvency Team of the Year – Legal Business Awards 2015• Restructuring and Insolvency Deal of the Year – IFLR Europe Awards 2015• Amlak US$2.7 billion restructuring – Euromoney Awards for Innovation in Islamic Finance 2015
“The team is absolutely top-class. They had understanding of commercial issues in a jurisdiction which was not their home territory, and they were the smartest legal team I have come across for a long, long time.” Band One – Chambers Global 2017 – Restructuring / Insolvency – Global-wide
“A superb firm with great strength in restructuring and insolvency.” Band One – Chambers Global 2017 – Restructuring / Insolvency – Global-wide
“Clifford Chance has a phenomenal restructuring practice.” Band One – Chambers Global 2016 – Restructuring / Insolvency – Global-wide
For further information, please visit: https://www.cliffordchance.com/RestructuringandInsolvency.html
Contacts
United KingdomPhilip Hertz – Global HeadTel: +44 20 7006 [email protected]
AsiaScott BacheTel: +852 2826 [email protected]
AmericasJennifer C. DeMarco Tel: +1 212 878 [email protected]
EuropeReinhard Dammann Tel: +33 14405 [email protected]
Carlos Hernández-Canut Tel: +34 91590 [email protected]
Jelle HoflandTel: +31 20 [email protected]
Stefan SaxTel: +49 697199 [email protected]
twelve
Conyers Dill & Pearman
Founded in 1928, Conyers Dill & Pearman is an international law firm with a broad client base including FTSE 100 and Fortune 500 companies, international finance houses and asset managers. The Firm advises on Bermuda, British Virgin Islands (“BVI”) and Cayman Islands laws, from offices in those jurisdictions and in the key financial centres of Dubai, London, Hong Kong and Singapore. Our focus is on delivering first-class service and successful business outcomes to our clients.
A powerhouse in the offshore jurisdictions, Conyers’ highly-skilled insolvency and restructuring team advises on complex and cross-border matters. Our experienced partner led teams work closely with clients and onshore advisors to provide strategic analysis in distressed situations and provide innovative ways of restructuring and refinancing entities in advance of any formal insolvency.
Post insolvency, we regularly work with both creditors and office holders to ensure that the client obtains the best possible returns in any insolvency situation.
Our team has experience of a variety of litigation in and around insolvency situations before the local first instance Courts, Courts of Appeal and Privy Council and we regularly provide assistance to onshore firms with their corporate fraud and asset tracing claims matters.
We have particular expertise in shareholder and creditor schemes of arrangements for both solvent and insolvent companies and have been involved in many of the biggest corporate restructurings of debt and equity in the offshore world.
Recognising that insolvencies can often span the globe, in addition to our jurisdiction-based teams, our Asia Disputes & Restructuring Group (“ADRG”) ensures clients have access to fully coordinated litigation advice and services provided by a seamless and comprehensive team across jurisdictions and time zones.
Global Contacts:
Christian R. LuthiDirector and Chairman,[email protected]+1 441 298 7814
Robin J. MayorHead of Insolvency & Restructuring, [email protected]+1 441 299 4929
Mark J. ForteHead of Litigation & Restructuring, British Virgin [email protected]+1 284 852 1113
Paul SmithHead of Litigation & Restructuring, Cayman [email protected]+1 345 814 7777
Nigel K. Meeson, QCHead of the Asia Disputes & Restructuring Group, Hong [email protected]+852 2842 9553
Davis PolkDavis Polk & Wardwell LLP is a global law firm with approximately 800 lawyers in 10 offices worldwide. For more than 160 years, we have advised industry-leading companies and global financial institutions on their most challenging legal and business matters.
RestructuringWe are widely recognized as one of the world’s premier law firms for restructuring. We represent companies, financial institutions, committees, hedge funds, investors, acquirers, trustees, administrators and receivers in connection with:
• Reorganizations and • Exchange Offer • DIP Financings Restructurings and Debt/Equity • Distressed Mergers • Exit Financings Conversions and Acquisitions • Recapitalizations
Cross-Border ExperienceWe are a firm of choice for cross-border restructuring matters. The landmark decision obtained in Elpida, as well as our major assignments involving Mongolian Mining Corporation, Odebrecht Oil & Gas, Pacific Exploration and Production, Algoma, Oro Negro, Embraport, Grupo Infinity, USS Asúcare Alcohol, China Fisheries, CGG, Lehman and Nortel, and the Republic of Argentina and the Government Development Bank for Puerto Rico. In addition, we regularly represent non-U.S. companies in connection with their distressed U.S. subsidiaries.
International Thought Leadership• Members of INSOL International, a former co-chair of the G-36 Committee and an INSOL Fellow
• Founding director, former President and Members of the International Insolvency Institute
• Member of the Official U.S. Delegation to the Insolvency Working Group of the United Nations Commission on International Trade Law (UNCITRAL)
• Managing Editor and contributing author of The International Insolvency Review, an annual publication devoted to recent insolvency law developments in 25 countries around the globe
• Co-Chair of IBA’s Insolvency Legislation and Policy Subcommittee
• Publisher of the Global Distress Signal, a periodic firm newsletter on international and cross-border insolvency (www.davispolk.com/ global-distresssignal)
Dodd-Frank AdvisoryWe have been the leading U.S.-based global law firm working, both domestically and internationally, with regulators to solve the “too big to fail” problem and with their financial institutions clients on “living wills” required under the Dodd-Frank Act. Our lawyers have also testified before Congress in recent years on the bankruptcies of financial firms.
Recent Recognition“Cross-Border Restructuring Deal of the Year (over $1 billion)” (Pacific Exploration & Production) (2017 M&A Advisor Turnaround Awards)
“Bankruptcy & Restructuring Law Firm of the Year in New York” (2017 Global Law Experts Awards)
Recent Notable Assignments
• Pacific E&P – Advising the administrative agent on Pacific Exploration & Production Corp’s CCCA filing.
• Takata Corporation – Advising Volkswagen AG on the restructuring of Takata Corporation.
• Bonistas del Patio – Advising Bonistas del Patio in the Puerto Rico debt mediation and restructuring negotiations.
• Puerto Rico – Advising a large group of bondholders of Puerto Rico’s Government Development Bank on a $3.7 billion debt restructuring.
• MMC– Advising MMC, an HK-listed company, on its restructuring in Asia, Cayman and U.S.
• Oro Negro – Advising the company on its restructuring in Mexico.
• Odebrecht Oil & Gas – Advising the company on its restructuring in Brazil.
• Embraport – Advising the company on its restructuring in Brazil.
• Elpida Memory – Advising Elpida Memory, Inc. in obtaining United States recognition of its Japanese plan of reorganization, the first time a U.S. court has granted full recognition to a Japanese reorganization plan under Chapter 15 of the U.S. Bankruptcy Code.
• Lehman Brothers International Europe – Advising the joint administrators of LBIE and its U.K. Lehman affiliates, including on the largest settlement in the history of SIPA, resulting in the receipt of $10 billion in value.
• Resolution Plans/Living Wills of Major Financial Institutions – Advising the vast majority of the largest SIFIs in preparing their living wills as required under the Dodd-Frank Act.
Contacts
New YorkDonald S. Bernstein212 450 [email protected]
New YorkMarshall S. Huebner212 450 [email protected]
New York Timothy Graulich212 450 [email protected]
LondonNick Benham011 44 20 7418 [email protected]
LondonJeffrey R. O’Brien011 44 20 7418 [email protected]
São PauloManuel Garciadiaz011 55 11 4871 [email protected]
Hong KongMartin Rogers011 852 2533 [email protected]
TokyoJon Gray011 81 3 5574 [email protected]
davispolk.com
thirteen
fourteen
11
OUR PRACTICE OUR TEAM
We are universally regarded as one of the leading law �rms in the Netherlands. Few �rms in the Netherlands can match the quality of our people or our position across the full range of corporate, �nancing and litigation.
Our restructuring team is dedicated to the design and negotiation of complex, high-impact (debt) restructurings.
We offer our clients a single point of contact for the various aspects of those transactions, such as the �nancing, the board's �duciaryduties, corporate reorganisation, claw back risks, insolvency-related advice, and stakeholder management. This integrated approach has proven a unique selling point in recent multinational restructuring mandates.
By teaming up with the corporate, �nance and insolvency practices of leading �rms in Europe, the United States, and Asia, we are able to offer seamless cross-border services to our clients.
The breadth and depth of De Brauw’s legal capabilities in all relevant areas, including corporate, contract, security and insolvency law, and in regulatory matters, ensures that our restructuring team is at the forefront of legal developments in the Netherlands.
De Brauw is the only Dutch law �rm in the INSOL International Group of 36 and is involved in almost every major Dutch restructuring or insolvency.
De Brauw Blackstone Westbroek N.V.Claude Debussylaan 801082 MD Amsterdam The Netherlandswww.debrauw.com
RUUD HERMANST +31 20 577 1947M [email protected]
REINOUT VRIESENDORPT +31 20 577 1060M [email protected]
BERTO WINTERST +31 20 577 1948M [email protected]
FERDINAND HENGSTT +31 20 577 1956M [email protected]
MENNO STOFFERT +31 20 577 1601M [email protected]
NIEK BIEGMANT +31 20 577 1161M [email protected]
WHAT OUR CLIENTS SAY
Sources describe the team as excellent. They keep their eye on what is important for the overall case, combine their knowledge of the legal issues with a practical approach and come up with creative solutions for multi-jurisdictional matters. Chambers Europe 2017
fifteen
About DeloitteDeloitte provides audit & assurance, consulting, financial advisory, risk advisory, tax & legal and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries bringing world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 263,900 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or Twitter.
Our Global Restructuring ServicesOur Restructuring Services team provides turnaround/performance improvement, financial advisory, contingency planning & insolvency and portfolio lead advisory services to underperforming and financially distressed businesses, their lenders, stakeholders and advisers.
We use our expertise to identify the causes of underperformance, work collaboratively to identify the best strategy for business recovery and then develop an optimal financial and/or operational restructuring solution. We will then support the implementation of the optimal solution through either a solvent or insolvent route.
Our exceptional strength lies in our access to industry expertise and service line functionalities, combined with our experience in complex cross-border transactions involving multiple jurisdictions. We deliver real value to each engagement utilizing innovative processes and analytical tools to enhance the client experience and maximize impact.
Our clients comprise a wider range of stakeholders including boards of companies, their lenders/investors or other stakeholders such as pension trustees. We work collaboratively with our teams around the globe to deliver services wherever our clients require. Key International Contacts
GlobalMichael EpsteinT: +1 (617) 437 2304E: [email protected]
AustraliaDavid McCarthyT: +61 2 9322 7086E: [email protected]
AustriaAlbert HannakT: +43 153 700 2900E: [email protected]
BrazilLuis VascoT: +55 11 5186 1777E: [email protected]
CanadaJean-Francois NadonT: +1 514 393 7860E: [email protected]
CanadaPhil ReynoldsT: +1 416 956 9200E: [email protected]
Cayman IslandsStuart SybersmaT: +1 345 814 3337E: [email protected]
China & Hong KongWesley KongT: +86 10 85207115E: [email protected]
Europe/UKAndrew GrimstoneT: +44 20 7007 2998E: [email protected]
FranceJean-Pascal BeauchampT: +33 15 837 9344E: [email protected]
GermanyAndrea WarnerT: +49 892 903 68022E: [email protected]
IndiaSumit KhannaT: +91 22 6185 5090E: [email protected]
IrelandKen FennellT: +35 314 17 8803E: [email protected]
JapanHiroki OkimotoT: +81 80 4854 2719E: [email protected]
Middle EastDavid StarkT: +971 4506 4739E: [email protected]
NetherlandsOscar SnijdersT: +31 88 288 3277E: [email protected]
Singapore & South-East AsiaAndrew GrimmettT: +65 6530 5555E: [email protected]
South KoreaKi Wan KilT: +82 2 6676 1585E: [email protected]
SpainSenen TouzaT: +34 914 43 2539E: [email protected]
United KingdomNick EdwardsT: +44 20 7007 3013E: [email protected]
USKirk BlairT: +1 (212) 436 5119E: [email protected]
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms
sixteen
Dentons’ Global Restructuring, Insolvency and Bankruptcy PracticeDentons’ global Restructuring, Insolvency and Bankruptcy group represents one of the largest, most highly regarded teams of dedicated professionals in the world. With more than 260 lawyers around the world practicing in their respective jurisdictions, our Restructuring, Insolvency and Bankruptcy lawyers provide a truly global service to our clients by offering insolvency and restructuring capabilities on all matters whether they involve local, domestic, cross-border or international aspects. Consistently recognized as a market leader, we offer extensive skill and experience in all industry sectors leveraged by our broad geographical coverage. With our enhanced presence across the world, the Restructuring, Insolvency and Bankruptcy group has been developing synergies following our clients’ businesses both at a global level and local level. www.dentons.com.
The US team is recognized for its “superb client service[…]they are always on time and their attention to detail is great.” The firm is hailed by clients as their “go-to firm.” Chambers USA (2017)
Dentons has an “efficient and effective team.” “The group also includes partners in Vancouver (where it is considered ‘among the best’), Edmonton and Toronto.” The Legal 500 Canada (2016)
Clients hail Dentons’ UK team for being “dynamic,” “proactive,” and for providing “excellent client service and easy access to experienced partners.” Chambers UK (2017)
Dentons teams in Europe are recommended by clients for their “creativity in searching for solutions” and because the lawyers “demonstrate complete readiness to support us in emergency situations.” Chambers Europe (2017)
Clients regard Dentons Rodyk & Davidson as a reliable choice, stating: “They are a good firm; we have never been disappointed”; and the Dentons China region was awarded “ALB 2015 China Power List.” Chambers Asia Pacific (2017) and Asian Legal Business (2014-2015)
The Australian team is known for having “respected practitioners offering broad restructuring and insolvency expertise to major banks, insolvency practitioners and financiers” and is praised for being strong “technically and commercially” and “efficiently dealing with issues on a timely basis.” Chambers Asia Pacific (2017)
The Colombia team is “well-respected,” “diligent,” and “very knowledgeable.” Chambers Latin America (2018)
Turnaround Atlas Award, Mid-Market Restructuring Law Firm of the Year. Global M&A Network (2016)
No. 1—Top Bankruptcy Law Firms. The Deal Pipeline (2016)
No. 2—Bankruptcy 100. Law360 (2015)
Capabilities and Experience
Key Contacts
• Credit Risk Management
• Committee Representation
• Cross-Border Restructuring
• Debtor Representation
• DIP Financing
• Distressed Energy and Mining
• Distressed M&A, Investing and Debt Trading
• Financial Institution Insolvency
• Independent Advice to Directors
• Insolvency Administrators, Monitors, Receivers, Trustees and Other Officeholders
• Insurance Related Insolvencies
• Municipal Reform and Restructuring
• Out-of-Court Restructurings and Workouts
• Pensions and Benefits
• Representation of Government and Quasi-Government Organizations
Asia PacificMaw Shen Foo (Senior Partner, Singapore)D +65 6885 [email protected]
Herman Jeremiah (Senior Partner, Singapore)D +65 6885 [email protected]
Xiuchao Yin (Senior Partner, Beijing)D +86 10 5813 7044 [email protected]
Gavin Chi (Senior Partner, Beijing)D +86 10 8137 [email protected]
Australia Justin Bates (Partner, Sydney)D +61 2 9931 [email protected]
David McIntosh (Partner, Sydney)D +61 2 9035 [email protected]
Canada David W. Mann (Partner, Calgary)D +1 403 268 [email protected]
Roger P. Simard (Partner, Montréal)D +1 514 878 [email protected]
Europe Andreas Ziegenhagen (Partner, Berlin)D +49 30 2 64 73 [email protected]
Anna Maria Pukszto (Partner, Warsaw)D +48 22 242 56 [email protected]
Middle EastPaul Jarvis (Partner, Abu Dhabi)D +971 2 612 [email protected]
Latin America and the CaribbeanEduardo Cárdenas (Partner, Bogotá)D +57 (1) 313 7800 ext. 217 [email protected]
Roy Herrera (Partner, Santa Ana)D +506 882 3 [email protected] United Kingdom Neil Griffiths (Partner, London)D +44 20 7320 [email protected]
Byron Nurse (Partner, London)D +44 20 7246 [email protected] United StatesRobert E. Richards (Partner, Chicago)D+1 312 876 [email protected]
seventeen
GLOBAL CONTACTS
EMEA
Michael Fiddy
+44 207 796 6325
US
Richard Chesley
+1 312 368 3430
OTHER KEY CONTACTS
Asia
Mark Fairbairn
+852 2103 0878
Australia
Kon Tsiakis
+61 3 9274 5224
Germany
Dietmar Schulz
+49 89 23 23 72 230
Middle East
Peter Somekh
+971 4 438 6327
UK
Mark Jackson
+44 113 369 2300
US
Tom Califano
+1 212 335 4990
Our Global Restructuring Group is one of the
largest in the world with 175 dedicated lawyers
across the Americas, Europe, the Middle East,
Africa and Asia Pacific. We have the knowledge,
experience and resources to address our clients’
restructuring and insolvency needs on a national
and international basis. Our restructuring lawyers
on the ground around the world have extensive
knowledge of local markets and the associated
challenges our clients face. We pride ourselves on
developing innovative restructuring solutions that
deliver real commercial results.
We serve a diverse client base encompassing debtors, lenders, government entities, trustees, shareholders, directors, and distressed debt and asset buyers and investors.
Our lawyers advise on all matters relating to public and private companies in underperforming and distressed situations. We manage assignments from the mid-market to the largest national and international restructurings and insolvencies. Our experience also extends to contentious issues arising from restructurings and insolvencies. We have significant experience of advising clients on investigation, enforcement, litigation and asset recovery on a multijurisdictional basis.
ABOUT DLA PIPER
DLA Piper is a global law firm with lawyers in the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help companies with their legal needs around the world.
We strive to be the leading global business law firm by delivering quality and value to our clients. We achieve this through practical and innovative legal solutions that help our clients succeed. We deliver consistent services across our platform of practices and sectors in all matters we undertake.
Restructuring services
EY has been helping organizations deal with disruptive challenges in their various forms for more than 40 years, providing leadership in difficult and complex situations to rapidly solve, execute and ultimately transform the outcome.
We act as a trusted advisor working with a variety of stakeholders to provide leadership and actionable advice to identify financial and operational strategies to generate liquidity, improve earnings and extract value across high-performing, underperforming, stressed and distressed businesses.
EY member firm’s multidisciplinary teams use their global reach to offer integrated and objective advisory services, helping EY clients achieve their strategic goals — whether buying or selling a distressed asset, restructuring a business, addressing underperformance or preserving value through bankruptcy/insolvency.
Wherever EY clients are in the world, we provide them with tailored options to address complex issues by drawing upon our extensive experience, deep industry insights and sector knowledge. Our strong track record in advising some of the world’s most significant organizations, small and large, demonstrates our ongoing commitment to clients’ long-term success.
EY Global: Andrew Wollaston T: +44 20 7951 9944
EY Americas:
Americas and Canada Murray McDonald T: +1 416 943 3016 Bermuda, Bahamas, Cayman Islands Keiran Hutchison T: +1 345 814 9005Brazil Lucio Teixeira T: +55 11 2573 3008US Gaurav Malhotra T: +1 312 879 4042
EY Europe, Middle East, India and Africa (EMEIA):
EMEIA Don Featherstone T: +44 20 7951 9554EMEIA — Financial Services Ajay Rawal T: +44 20 7806 9252EMEIA — Financial Services Maggie Mills T: +44 20 7951 9802Germany, Switzerland and Austria Bernd Richter T: +49 40 36132 12416Central and Southeast Europe Raj Apte T: +36 1451 8583CIS (Russia, Kazakhstan, Ukraine) Alexander Temkin T: +7 495 664 7855France Guillaume Cornu T: +33 1 55 610061India Abizer Diwanji T: +022 619 20240Italy Sara Bertolini T: +39 028 066 93769Middle East Hani Bishara T: +971 4 312 9290Netherlands & Belgium Dolf Bruins Slot T: +31 88 40 71424Nordics Kristoffer Ståhlbröst T: +46 8 52059684Spain Mikel Ortega Regue T: +34 915 72 5778UK and Ireland Alan Hudson T: +44 20 7951 9947
EY Asia-Pacific:
Asia-Pacific and ASEAN Angela Ee T: +65 63 09 6933Australia and New Zealand Adam Nikitins T: +61 3 8650 7528Greater China Stephen Liu T: +852 2846 9981Japan Kenji Fujihara T: +81 3 4582 6400Korea Sang Eun Park T: +82 2 3787 4322
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
eighteen
nineteen
Integrity, excellence, leadership As a leading independent financial advisory and restructuring provider, Ferrier Hodgson solves complex problems with commercial solutions.
As Australia’s first specialist insolvency firm, Ferrier Hodgson has earned a reputation over 40 years for delivering value and results. With a proven track record in handling Australia’s largest restructuring assignments, our clients choose us for our innovative thinking and hands-on experience in key industry sectors.
Services offered by Ferrier Hodgson, and our management consulting practice, Azurium, include:
We work with a diverse range of clients including banks and other financiers, hedge funds, private equity funds, corporates, law firms and government agencies.
Through our offices in Australia and Asia and our international affiliations, we can provide our clients with seamless service across different countries and time zones.
Key Regional Contacts
To learn more about us, visit www.ferrierhodgson.com and www.azurium.com
Restructuring, turnaround and insolvency• Restructuring and turnaround services• Insolvency services
Forensic accounting• Expert testimony• Dispute advisory
Forensic IT• Technology investigations• eDiscovery
Advisory• Strategic business reviews• Corporate advisory
Management consulting• Performance improvement and analytics• Real estate advisory
Transaction advisory• Special situations• DealDocs, an electronic data room solution
SydneyPeter GothardT: + 61 (2) 9286 9950E: [email protected]
MelbourneJames StewartT: + 61 (3) 9604 5642E: [email protected]
PerthMartin JonesT: + 61 (8) 9214 1405E: [email protected]
BrisbaneWill ColwellT: + 61 (7) 3834 9205E: [email protected]
AdelaideMartin LewisT: + 61 (8) 8100 7657E: [email protected]
MalaysiaAndrew HengT: + 603 2297 1150E: [email protected]
SingaporeTim ReidT: +65 6416 1400E: [email protected]
twenty
The firm
Freshfields Bruckhaus Deringer LLP is a leading international law firm with a network of offices in Europe, the Middle East, Asia and the U.S., providinga comprehensive worldwide service to national and multinational corporations, financial institutions and governments. For many of our clients the world is a single marketplace, so we structure our award winning legal services in the same way, offering a combination of local and international expertise from our global network.
Our expertise
We have a market-leading global restructuring and insolvency practice advising debtors, senior and junior creditors, insolvency practitioners, sponsors and other new money providers on formal insolvencies, refinancings, distressed acquisitions / sales, and contingency planning for distressed situations.
Our reputation is based on our experience of advising on creative and complex transactions across the restructuring and insolvency spectrum, developing innovative and constructive solutions for our clients in order to deliver the best commercial result.
We are at the cutting edge of the legal profession having been involved in most of the major restructurings across the globe in recent years. As one of the foremost legal advisers in the economic downturn, we have led the way with ground-breaking solutions in what can often be challenging situations, regularly involving multiple countries. The restructurings and insolvencies in which we have been involved include most recently Monarch, Jack Wolfskin, Pescanova, Royal Imtech NV, Air Berlin, IVG Immobilien, Hanjin Shipping and China Shanshui Cement.
The Restructuring and Insolvency team is continuously ranked in the Top Tier in the Chambers & Partners, Legal 500 and IFLR legal directories and was recently awarded “Large Company Turnaround of the Year” for Pescanova at the Turnaround Management Association Awards 2016.
twenty-one
555 12th Street, NW
Suite 700
Washington, DC 20004
United States
T +1 202 567 2900
F +1 202 393 7887
www.fticonsulting.com
International Contacts
Global
Michael Eisenband
Global Co-Leader, CF&R
T +1 212 499 3647
E michael.eisenband@
fticonsulting.com
Carlyn Taylor
Global Co-Leader, CF&R
T +1 303 689 8858
Australia
John Park
Australia Head
T +61 7 3225 4902
Asia
John Batchelor
Asia Head
T +852 3768 4670
Europe, Middle East & Africa
Simon Granger
EMEA Head
T +44 (0) 20 3727 1209
Canada & Latin America
Greg Watson
Canada & Latin America Head
T +1 416 649 8077
One of America’s Best Consulting FirmsForbes (2016-2017)
#1 Restructuring Adviser Firm The Deal Pipeline (2007-2017)
Awards & Recognition
Turnaround Adviser of the Year Institute for Turnaround (2017)
Global Turnaround Consulting Firm of the Year Turnaround Atlas Awards (2015-2017)
Three Senior Managing Directors named to Who’s Who Legal’s Asset Recovery list (2016-2017) U.S. Strategy Firm of the Year M&A Atlas Awards (2017)
About FTI Consulting
FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political and regulatory, reputational and transactional. Individually, each practice is a leader in its specific field, staffed with experts recognized for the depth of their knowledge and a track record of making an impact. Collectively, FTI Consulting offers a comprehensive suite of services designed to assist clients across the business lifecycle — from proactive risk management to the ability to respond rapidly to unexpected events and dynamic environments.
Corporate Finance & Restructuring
Our Corporate Finance & Restructuring practice delivers award-winning restructuring, business transformation and transaction solutions, and is a trusted partner to companies, boards of directors, investors, lenders and creditors around the world. Committed to our clients’ success, our professionals address the full spectrum of financial, operational and transactional risks and opportunities. Our teams are led by former executives and functional experts who specialize in a wide range of industries, including energy, healthcare, real estate, retail and consumer products, mining, automotive, clean energy, and telecom, media and technology.
Restructuring
In distressed situations, our restructuring and insolvency experts advise both companies and creditors to stabilize finance and operations and maximize value and recovery. Renowned for navigating complexity and managing cross-border and multi-national situations, clients benefit from our “one-stop” approach with integrated solutions that address a myriad of topics ranging from contentious insolvency and valuation to dispute advisory, forensic accounting and tax to expert testimony and bankruptcy litigation.
Business Transformation & Transactions
Our heritage within the distressed arena gives us a keen understanding of the inner workings of companies and what it takes to assist stressed companies in overcoming challenges, executing transactions and growing revenue to transform their businesses. Our transaction experts and industry specialists work collaboratively to provide comprehensive solutions across the deal lifecycle that maximize returns and minimize risk.
Our Global Reach
Many of our clients operate as global entities — we are aligned to provide seamless support across geographies in single or multi-workstream projects. We have offices in 77 cities around the globe, operating in all major markets bringing regional knowledge and expertise in North America, Latin America, Europe, Middle East and Africa, Asia and Australia.
Notable Assignments
Our professionals advise 56 of the global Fortune 100 companies, 97 of the world’s top 100 law firms and all of the world’s top 10 bank holding companies. Since its founding in 1982, FTI has consistently been involved in the most historic and monumental cases around the globe, including Lehman Brothers, Enron, General Motors, CIT, MF Global, Nortel, Sino-Forest, Energy Future Holdings, Abengoa, Peabody Corporation, Queensland Nickel, Asia Aluminum Group, Altos Hornos de Mexico, Pioneer Iron and Steel Group, Carpathian Gold, Gruma, Cemex and the Commonwealth of Puerto Rico.
Based in Toronto, Goodmans is internationally recognized as one of Canada’s pre-eminent business law firms.
For the 16th year in a row, Goodmans’ Corporate Restructuring Team has been ranked by Chambers Global as the sole #1 restructuring practice in Canada. Our long-standing presence as the pre-eminent restructuring and insolvency group in Canada is continued in Chambers Canada 2018 in which the group is the only firm ranked Band 1 and is described as ‘the leading restructuring and insolvency practice in the country’. For the past 14 years, The Canadian Legal Lexpert Directory has ranked Goodmans the only “most frequently recommended” law firm for insolvency and corporate restructuring and Best Lawyers in Canada ranked Goodmans the #1 firm in Toronto for restructuring for the second year in a row. IFLR 1000 has ranked Goodmans Tier 1 for 13 consecutive years as the leading insolvency practice. Goodmans was ranked the sole Canadian law firm in Tier 1 for restructuring and insolvency by The Legal 500 Canada 2017 and the group is described as ‘the most innovative restructuring group in the country’ and the group’s ‘talented and deep bench is clearly the best, according to many’.
Goodmans, along with 14 other firms were recognized in the category of Global Dispute of the Year: Transnational Litigation and the Grand Prize Winner in that category for the Nortel bankruptcy at the American Lawyer 2017 Global Legal Awards.
Goodmans also won Turnaround of the Year: International Company for Pacific Exploration at the 2017 Turnaround & Transaction of the Year Awards which recognize the most successful turnarounds.
The group represents debtors, lenders, monitors and other court officers, noteholders, equity sponsors and other key stakeholders in cross-border restructurings between Canada and the US and internationally. We have market-leading expertise in a range of industries. Our restructuring expertise involves specialists in areas such as M&A, telecommunications, securitization, derivatives, DIP financing, insolvency litigation, pensions, tax and employment.
Significant Matters
Goodmans has participated in most major domestic and international restructuring matters in Canada including:
• Toys R Us, Nortel, Sears, Banro, Target, Postmedia, Pacific Exploration, Mood Media, Performance Sports, HB White, Lightstream Resources, Tervita Corporation, Golf Town, Primus, Stelco, Sherritt International, Co-op Atlantic, Essar Steel Algoma, Rubicon Minerals, Millar Western, Cinram, Aurcana, LightSquared, Mobilicity, Lac Mégantic, Armtec, Nelson Education, Cash Store, Lone Pine, Connacher Oil & Gas, Jaguar Mining, SkyPower, GM & Chrysler; ABCP Debt Restructuring; and
• The liquidators of numerous financial institutions including Confederation Life and Union Life and the Canadian branches of Reliance and Orion Insurance Companies.
Goodmans LLPBay Adelaide CentreWest Tower333 Bay Street, Suite 3400Toronto, Ontario M5H 2S7 Canada
Tel: +1 416.979.2211Fax: +1 416.979.1234
www.goodmans.ca
Contacts:
Jay A. Carfagnini+1 416.597.4107jcarfagnini@ goodmans.ca
Gale Rubenstein+1 416.597.4148grubenstein@ goodmans.ca
Robert J. Chadwick+1 416.597.4285rchadwick@ goodmans.ca
Brendan O’Neill+1 416.849.6017boneill@ goodmans.ca
twenty-two
twenty-two twenty-three
Grant Thornton International is one of the world’s leading providers of advisory, tax and independent assurance services, with an extensive network of more than 47,000 people across 700 offices in over 130 countries.
Our insolvency and recovery specialists are trusted advisors to major financial institutions, companies, regulators, government bodies and individuals on a domestic and international level and share strong relationships with world class intermediaries. Our integrated offering of multi- disciplined sector specialists help clients implement tailored strategies for each unique problem faced.
We have market leading teams in all the major jurisdictions around the world, including the key offshore financial centres, enabling highly skilled, multi-jurisdictional teams to be quickly mobilised. From our leaders to support staff, we operate globally to devise and deliver solutions to cross-border problems involving the most complicated of group structures.
Our services
Wherever in the world support and advice is required, we can build a team to meet the sector and geographic requirements for any of the following services:
• accelerated M&A • corporate and personal insolvency
• debt advisory • pension schemes solvency
• crisis stabilisation and turnaround • investigative accounting and litigation management support
• exit strategy services • contentious insolvency
• operational and financial restructuring • cross border asset tracing and recovery
• financial monitoring for regulators
Key worldwide contacts
Global LeaderMark ByersT +44 20 7728 2522E [email protected]
AustraliaMatt ByrnesT +61 3 8663 6010E [email protected]
British Virgin IslandsMark McDonaldT +1 284 494 6041 E [email protected]
CanadaJonathan KriegerT +1 416 360 5055E [email protected]
Cayman IslandsHugh DicksonT +1 345 769 7203E [email protected]
Channel IslandsJamie ToyntonT +44 1481 753 426E [email protected]
China/Hong KongDavid BennettT +852 3987 1260E [email protected]
CyprusStavros IoannouT +357 995 995 68E [email protected]
FranceFrederic ZeitounT +33 1 5621 0611E [email protected]
GermanyKai BartelsT +49 404 3218 6213E [email protected]
IndiaVinamra ShastriT +91 124 462 8000E [email protected]
IrelandMichael McAteerT +353 1 680 5738E [email protected]
ItalyStefano SalvadeoT + 39 02 76 00 87 51E [email protected]
JapanTaro IsodaT +81 3 5474 0111E [email protected]
LuxembourgCarlo RedingT +352 4538 782E [email protected]
MalaysiaGeoffrey FooT +60 3 2692 4022E [email protected]
MauritiusSattar AbdoulaT +23 0 467 3001E [email protected]
New ZealandDavid RuscoeT +64 4 495 3763E [email protected]
SingaporeRodger FlynnT: +65 6805 4110E: [email protected]
SpainRamon GalceranT +34 93 206 3900E [email protected]
ThailandIan Pascoe T +66 2 205 8100E [email protected]
UAEHisham FaroukT +971 5 0656 5120E [email protected]
United KingdomKevin HellardT +44 20 7865 2478 E [email protected]
United StatesJim PekoT +1 646 825 8400E [email protected]
twenty-four
Greenberg Traurig’s Restructuring & Bankruptcy Practice provides clients with the insight and knowledge that come with decades of advisory and litigation experience. Our team handles highly complex issues that arise in reorganizations, restructurings, workouts, liquidations, and distressed acquisitions and sales, both domestically and in cross-border proceedings. We offer clients a broad multidisciplinary approach, supported by an internationally recognized practice that has been engaged in many of the key complex restructurings of our time.
Our firm’s breadth and reach enable our team to call upon the knowledge and capabilities of our many strong complementary practices. Together, we help companies navigate challenging times and address the full range of issues that can arise in the course of their own restructurings or their dealings with other companies in distress. GT’s international platform enables us to offer swift, cost-efficient counsel to clients with headquarters and operations throughout the world. We promise our clients immediate access to experienced senior restructuring attorneys who will be attentive to their needs. By delivering innovative thinking and practical strategies, we help our clients resolve complicated situations and take advantage of the opportunities hidden in times of trouble.
Our business-focused approach to legal services means that we can help clients tap into opportunities that may arise, such as acquisitions or sales of distressed companies’ assets. We provide clients access to the GT platform – our strong working relationships within their local business community, as well as access to the business networks of our 2000 attorneys.
Notable Experience
We practice regularly in courts throughout the United States, as well as in other jurisdictions around the world. Our attorneys have played critical roles in many recent complex bankruptcies and restructurings, including those of Puerto Rico Electric Power Authority; Puerto Rico Aqueduct and Sewer Authority; City of Hartford; Optima Specialty Steel; C&J Energy Services Ltd.; Last Call Guarantor LLC; SFX Entertainment Inc.; Frederick’s of Hollywood; The Wet Seal, Inc.; Global Geophysical Services, Inc.; KiOR Inc.; FriendFinder Networks Inc.; Buccaneer Energy Ltd.; Liberty Healthcare Group; Piccadilly Restaurants, LLC; Indianapolis Downs, LLC; American Airlines; Satélites Mexicanos S.A. de C.V.; American Laser Centers; DirectBuy Holdings, Inc.; Chem RX Corporation; AbitibiBowater Inc.; Bank United Financial Corporation; General Motors Corporation; LandSource Communities Development LLC; Smurfit-Stone Container Corp., Southeast Banking Corporation; General Growth Properties; TOUSA, Inc.; and United Airlines, Inc.
Contacts
Mark D. Bloom, Esq. | +1.305.579.0537 | [email protected]
Nancy A. Mitchell, Esq. | +1.212.801.3085 | [email protected]
Keith J. Shapiro, Esq. | +1.312.456.8405 | [email protected]
Office Locations
Albany Amsterdam AtlantaAustin Berlin Boca Raton Boston Chicago Dallas Delaware DenverFort Lauderdale HoustonLas Vegas London Los Angeles Mexico City MiamiNew Jersey New York Northern Virginia Orange County Orlando Philadelphia Phoenix Sacramento San Francisco SeoulShanghai Silicon Valley Tallahassee TampaTel Aviv Tokyo WarsawWashington, D.C. West Chester County West Palm Beach
www.gtlaw.com
Hogan Lovells is a global law firm providing high quality advice to clients on domestic and cross-border matters.
The global restructuring and insolvency team
With teams in the financial hubs of Europe, the Middle East, South Africa, Asia, Australia, Latin America and North America we understand the legal, regulatory, political, and business landscapes involved when a company gets into financial difficulties. We are renowned for our collaborative and pragmatic attitude and our solutions-based approach to transactions – and for our exceptional commitment to clients.
We advise the full spectrum of stakeholders in restructuring and insolvency cases including senior and junior secured and unsecured creditors; creditor committees; distressed borrowers; shareholders; directors; suppliers and insolvency practitioners. We also advise less traditional stakeholders including pension trustees and governmental and quasi-governmental bodies. This gives us strong practical experience of the technical and commercial issues facing these stakeholders and the drivers for their behaviour in a restructuring or insolvency scenario.
To ensure each matter has the right team, we draw on experienced lawyers from other practice areas including capital markets, litigation, real estate, employment, intellectual property, tax, and pensions to add to the core restructuring team. In this way we offer clear, concise and practical advice to cover all the challenges the transaction might present.
What others say:
““Hogan Lovells has an extremely strong multi-jurisdictional team with experience in cross-border insolvency. Market commentators state: “Their resources are excellent, they deliver to timetables and they work very hard.”.” – Chambers Global 2017
The team is held in high regard for its excellent client service. Clients enthuse: “They are very good and very responsive; they go over and above what is asked of them.” Sources also highlight the department’s mix of international and local expertise, noting: “It is a very good regional firm with a strong network and presence throughout South-East Asia.”” – Chambers Asia Pacific 2017
“Hogan Lovells’ US restructuring team is recommended for its ‘great ability, understanding, flexibility and dedication’.” – Legal 500 US 2014
Contacts (for more information visit hoganlovells.com)
UK and EMEA:
Stephen Foster, global head of restructuring and insolvencyTel: +44 207 296 [email protected]
Alex EliottTel:+27 11 523 [email protected]
Asia
Shaun LanghorneTel:+65 [email protected]
Americas
Chris DonohoTel:+1 212 909 [email protected]
twenty-five
twenty-six
About Huron
Huron Consulting Group (NASDAQ:HURN) is a global professional services firm with approximately 2,700 professionals committed to achieving sustainable results in partnership with its clients. The company brings depth of expertise in strategy, technology, operations, advisory services and analytics to drive lasting and measurable results in the healthcare, higher education, life sciences and commercial sectors.
Huron’s Business Advisory Practice includes Transaction Advisory and Commercial Dispute Advisory solutions that provide restructuring, turnaround, operational improvement, investment banking, litigation support, forensic analyses and valuation services to stakeholders regarding organizations undergoing significant issues. Our senior-level team members possess deep operating experience in a range of industries, with many serving as C-level executives. This enables us to efficiently analyze a situation and apply our knowledge to identify and implement value creation strategies.
Through focus, passion and collaboration, Huron provides guidance to support organizations as they contend with the change transforming their industries and businesses. Learn more at www.huronconsultinggroup.com.
Contact:
John DiDonato, Managing Director 599 Lexington Ave, 25th Floor New York, NY 10022Office: [email protected]
James M. Lukenda, Managing Director599 Lexington Avenue, 25th Floor New York, NY 10022-7656Office: [email protected]
Geoffrey Frankel, Managing Director599 Lexington Ave, 25th Floor New York, NY 10022Office: [email protected]
Stephen Darr, Managing DirectorL 100 High Street, Suite 2301, Boston MA 02110Office: [email protected]
www.huronconsultinggroup.com
twenty-seven
One Firm WorldwideSM
BUSINESS RESTRUCTURING & REORGANISATION
BUSINESS RESTRUCTURING & REORGANISATION PRACTICE
• Premier global group of bankruptcy, insolvency and workout practitioners ranked among the world’s leading restructuring practitioners by The American Lawyer, Chambers and The Legal 500.
• We represent debtors, creditors, trustees and insolvency practitioners in complex multijurisdictional restructurings, out-of-court workouts, chapter 11 and chapter 9 cases, administrations and schemes of arrangement, as well as distressed investors and acquirors of financially troubled enterprises.
GLOBAL, MULTIJURISDICTIONAL TEAM
Approximately 100 restructuring professionals worldwide, supported by more than 2,500 lawyers from allied disciplines.
• Led the chapter 9 proceedings of the City of Detroit, the largest and most complex municipal bankruptcy in United States history.
• Led the chapter 11 reorganisations of Peabody Energy Corporation, American Apparel, NII Holdings and Chrysler.
• Represented key financial institutions and strategies in MF Global, Caesars Entertainment Operating Company, Green Field Energy Services, BI-LO, Travelport and Chemtura.
• Actively involved in debt reduction and asset disposition programs for both sellers and acquirors (such as PaperlinX in the sale of its UK, Polish, Scandinavian and Spanish divisions).
RECENT INTERNATIONAL REPRESENTATIONS
• Advising an ad hoc group of senior secured noteholders on the restructuring of Algeco Scotsman, a global modular space and storage solutions company.
• Advising KPMG as Trustee in Bankruptcy of Harlequin Properties (SVG) Limited, a hotel resort and development in the Caribbean.
• Advising on the restructuring of Harkand (a multinational shipping group providing oil and gas solutions).
• Jones Day partner, Jasper Berkenbosch, is acting as the Dutch commercial court appointed administrator of Oi Brasil Holding Coöperatief UA, a financing subsidiary of Brazilian telecom giant Oi SA.
• Standard Chartered Bank in relation to the restructuring of an Asian shipping conglomerate.
• ICBC / Standard Bank as agent for a syndicate of banks in respect of recovery proceedings in Kuwait and London.
• The £1.8 billion restructuring of the liabilities of Airwave Solutions, the world’s largest private operator of a public safety network by way of an English law scheme of arrangement and subsequent sale to Motorola for £817.5 million.
• KryS Global, BVI, as dissolution trustee of Value Discovery Partners, a private equity fund established in the British Virgin Islands to manage business assets in Russia and the Balkans.
• NextiraOne Europe in the divestiture of 16 subsidiaries in 13 countries.
• NII Holdings, Inc., a wireless communications services provider in Latin America, in its chapter 11 cases.
JONES DAY GLOBAL LOCATIONS
© 2017 Jones Day. All rights reserved. Printed in the U.S.A.
ALKHOBARAMSTERDAMATLANTABEIJINGBOSTONBRISBANEBRUSSELSCHICAGOCLEVELAND
COLUMBUSDALLASDETROITDUBAIDÜSSELDORFFRANKFURTHONG KONGHOUSTONIRVINE
JEDDAHLONDONLOS ANGELESMADRIDMEXICO CITYMIAMIMILANMINNEAPOLISMOSCOW
MUNICHNEW YORKPARISPERTHPITTSBURGHRIYADHSAN DIEGOSANFRANCISCO
SÃO PAULOSHANGHAISILICONVALLEYSINGAPORESYDNEYTAIPEITOKYOWASHINGTON
AWARDS AND RANKINGS
Chambers USA Award for excellence — 2017 named “No. 1 Bankruptcy Practice in the United States”.U.S. News – Best Lawyers — 2017 national “Law Firm of the Year” in the “Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law” category.Law360 — 2012–2017: Named “Bankruptcy Group” of the Year for the sixth straight year.14th Annual M&A Advisor Awards —Restructuring Deal of the Year (over $1B): Chapter 9 Reorganisation of The City of Detroit, Michigan10th Annual M&A Advisor Turnaround Awards — Restructuring Deal of the Year (over $1B): Restructuring of Nextel International HoldingsLegal 500, 2016 — Jones Day attracts praise for its ability to ‘pull together lawyers from various jurisdictions and complementary practice areas’ to provide a ‘comprehensive’ service to funds, banks and debtors
CONTACTS.Bruce Bennett · Los Angeles / New York +1.213.243.2382 / 1.212.326.3680 · [email protected]
Corinne Ball · New York +1.212.326.7844 · [email protected]
Kevyn D. Orr · Washington +1.202.879.5560 · [email protected]
Ben Larkin · London +44.20.7039.5825 · [email protected]
Dan T. Moss · Washington +1.202.879.3794 · [email protected]
Katie Higgins · Sydney +61.2.8272.0531 · [email protected]
Roger Dobson · Sydney +61.2.8272.0534 · [email protected]
Sion Richards · London +44.20.7039.5139 · [email protected]
Juan Ferré · Madrid +34.91.520.3904 · [email protected]
Olaf Benning · Munich +49.89.20.60.42.200 [email protected]
Kay Morley · London +44.20.7039.5156 · [email protected]
David Harding · London +44.20.7039.5198 · [email protected]
Diane Sénéchal · Paris +33.1.56.59.39.39 · [email protected]
Francesco Squerzoni · Milan +39.02.7645.4001 · [email protected]
twenty-eight
About King & Wood MallesonsRecognised as one of the world’s most innovative law firms, King & Wood Mallesons offers a different perspective to commercial thinking and the client experience. With access to a global platform, a team of over 2000 lawyers in 26 locations around the world works with clients to help them understand local challenges, navigate through regional complexity, and to find commercial solutions that deliver a competitive advantage for our clients.As a leading international law firm headquartered in Asia, we help clients to open doors and unlock opportunities as they look to Asian markets to unleash their full potential. Combining an unrivalled depth of expertise and breadth of relationships in our core markets, we are connecting Asia to the world, and the world to Asia.We take a partnership approach in working with clients, focusing not just on what they want, but how they want it. Always pushing the boundaries of what can be achieved, we are reshaping the legal market and challenging our clients to think differently about what a law firm can be.
Rapid, holistic and practical legal advice for restructuring and insolvencyWhen businesses underperform there are ramifications for both domestic and foreign stakeholders. With considerable differences between restructuring and insolvency laws across jurisdictions, interests are subject to a range of risks, all within a fast moving environment.King & Wood Mallesons’ cross-border Restructuring & Insolvency Group is experienced in acting for multinational companies and financial institutions in complex restructuring as well as investors in their acquisitions of insolvent and distressed companies and debts. Our global team works collaboratively, operating across international boundaries to provide the most complex, strategic and commercially optimal advice instantaneously and in real time.We are recognised for our ability to maximize the right outcome for our clients. Our Restructuring & Insolvency team simplifies our analysis and recommendations against a complex regulatory and commercial backdrop to help you to quickly navigate your options. It’s a dedicated team of close to 150 front-end and back-end specialists globally, supported by a pool of talented lawyers – across Restructuring & Insolvency, Banking & Finance, Dispute Resolution and M&A.We act for administrators, creditors, liquidators, receivers and scheme trustees, providing advisory, contentious and transactional services.
For further information, please visit: www.kwm.com
Recent market recognition
Recognised as a Leading Law Firm for Restructuring and Insolvency in 2017Chambers Asia Pacific (Band 1 for China)IFLR1000, Legal 500 Asia PacificInsolvency & Restructuring Law Firm of the Year Asia Legal Business China Law Awards, 2016Euromoney Legal Media Group Asia Women in Business Law Awards:Helena Huang won Best Lawyer for Insolvency and Restructuring in 2013 and 2015“Market leader with a deep bench and strong record in this sphere. Possesses impressive national and international footprint, giving it considerable geographic reach and making it a go-to firm for financial institutions and corporate clients on high-stakes restructuring and liquidation.”Chambers Asia Pacific, 2017“The three-partner practice at King & Wood Mallesons covers the full gamut of restructuring and insolvency law.” Asia Pacific Legal 500, 2017
Key contacts:
Global
David CowlingSydney+61 2 9296 [email protected]
Asia
Helena HuangBeijing / Hong Kong+86 10 5878 5105+852 3443 [email protected]
Australia
Tim KlinebergSydney+61 2 9296 [email protected]
Yanling LiuBeijing+86 10 5878 [email protected]
Edmund WanHong Kong+852 3443 [email protected]
twenty-nine
Kirkland & Ellis’ Restructuring Practice Group utilizes its global platform, with offices in the United States, Europe and Asia, to provide seamless service to clients worldwide. Kirkland’s Restructuring lawyers have advised on some of the most complex, multi-jurisdictional restructurings in recent history and have a broad range of business advisory and crisis-management skills to navigate clients through situations involving financially troubled companies. Our lawyers have handled matters across multiple industries, including retail, energy, media, transportation, manufacturing, healthcare, entertainment and real estate.
Kirkland’s Restructuring Practice Group has a wide range of cross-border insolvency experience. In these representations, Kirkland attorneys recognize the importance of carefully considering local legal, regulatory and practical issues, how these issues in one country impact issues in another, and in turn, how these issues affect the global advice given to clients. Furthermore, we regularly draw upon and benefit from the experience of Kirkland’s internationally recognized lawyers in corporate, tax, real estate, litigation and intellectual property to provide the full-service capabilities our clients need for the various legal matters they retain Kirkland to handle.
Kirkland’s Restructuring Practice Group is consistently ranked by legal and business publications for providing outstanding legal advice to companies in an ever-changing global marketplace.
• Named the “top law firm in the world for cross-border restructuring and insolvency matters” – Global Restructuring Review’s Inaugural GRR 30 Rankings, 2017
• “Bankruptcy Team of the Year” – Chambers USA Awards, 2017
• “Restructuring Deal of the Year” – IFLR European Awards, 2017
• “Best in Insolvency” – Asialaw Asia-Pacific Dispute Resolution Awards, 2017
• “Restructuring & Insolvency Firm of the Year” – Who’s Who Legal Awards, 2017
• First-tier global ranking – Chambers Global, 2008-2017
Some of Kirkland’s recent significant cross-border matters include: Seadrill (company), Toys“R”Us (company), Avaya (company), Agrokor (company), Jack Wolfskin (coordinating committee of senior lenders), CGG Holding (lenders), Integradora de Servicios Petroleros Oro Negro (company), Edcon Holdings (company), HETA Asset Resolution AG (ad hoc committee of senior noteholders), Monarch Airlines (Civil Aviation Authority - Regulator), Northgate Information Solutions (company), Bartec (lenders), Scholz Holding GmbH (lenders), Eco-Bat (ad hoc noteholder group), Algeco Scotsman (company), Lehman UK Estate (Wentworth - largest creditor), Emerald Plantation (company), Studio City (company), Kaisa Holdings (ad hoc steering committee of bondholders), CFG Investment (bondholder group), Paladin Energy (ad hoc committee of holders).
For more information, please contact:
Worldwide
James H.M. Sprayregen [email protected] +1 312-862-2481
Europe
Kon M. Asimacopoulos [email protected] +44 20 7469 2230
Dr. Leo Plank [email protected] +49 89 2030 6070
Asia
Neil McDonald [email protected] +852-3761-9111
www.kirkland.com
thirty
When a company’s value is threatened, KPMG’s Restructuring practice identifies innovative domestic and cross-border solutions in both stressed and distressed situations.Working alongside lenders, stakeholders and all levels of management, our professionals plan and deliver restructuring actions which can provide real improvement to cash flow, profit & loss and the corporate balance sheet.KPMG takes an objective, hands-on approach to stabilising under-performing businesses by identifying opportunities for strategic, operational and financial change. The aim is to help the business back on track, to optimise its performance and efficiency and to generate outstanding and lasting value for stakeholders.
TurnaroundOur Turnaround and Cash teams have delivered success on a large number of the highest profile assignments across the globe in the last couple of years. We work with management teams to manage cash crisis and develop and operate turnaround plans that drive real value. Turnaround services include:• Cash management • CRO services/Turnaround Panel• Exit planning & implementation • Underperforming divisions• Operational governance • Cash visibility and control• Distressed suppliers • Joint venture recovery services
Financial RestructuringWe work with companies at times of intense pressure, to deliver a thorough advisory service throughout the financial restructuring process. We offer our clients the financial advice they need and have extensive contacts and relationships with providers of finance to stressed companies. We also work with stakeholders to assist them in developing and implementing their strategies in respect of underperforming investments or borrowers. Financial Restructuring services include:
InsolvencyKPMG have built a pre-eminent insolvency practice that, by combining a global capability, a multi- disciplinary approach and a highly responsive network, can allow our experienced practitioners to deploy innovative solutions with confidence and discretion – aiming to secure a positive outcome for stakeholders, however complex the challenge. Insolvency services include:
Insurance RestructuringWe provide practical advice to insurer, re-insurers and intermediaries in dealing with all aspects of underperforming or non-core insurance businesses. We also take formal insolvency appointments of insurance entities. The team provides a range of services from the transition into run-off, operational excellence throughout the run-off and supports the design and implementation of a wide variety of exit solutions, in addition to the management of complex insolvencies. Insurance Restructuring services include:
© 2018 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
• Working with companies to develop a robust, implementable business plans.
• Restructuring advisory services to companies• Lender Advisory services• Impaired loan advisory services• Independent business reviews, for companies, their
lenders, or other stakeholders
• Options analysis for companies and/or their lenders, including financial restructuring, and assessment of M&A, refinancing and other options
• Contingency planning to support restructuring options analysis and advice.
• Corporate insolvency – court appointed• Corporate insolvency – non court appointed• Corporate simplification - solvent• Contentious insolvency & asset chasing
• Creditor compromises and cramdowns• Personal insolvency• Contingency planning
• Comprehensive M&A and wider Deal support on disposals of insurance portfolios/entities in run-off – both sell and buy side.
• Exit solutions for underperforming or non-core geographies/markets of lines of business
• Reorganisation and restructuring services, particularly in the light of Brexit
• Management and support for insurance business transfer processes
• Other exit planning and implementation, including Schemes of Arrangement and bespoke support for captive insurers
• Transition into run-off and best practice advice during the run-off
• Rapid cost reduction• Cash and treasury management and support• Contingency planning• Insurance sector insolvencies – court appointed
Contacts:Blair NimmoGlobal Head of RestructuringUK Head of Restructuring KPMG in the UKT: +44 141 3005588E: [email protected]
Angel Martin Global Head of Financial RestructuringGlobal Head of Deal Advisory KPMG in SpainT: +34 914 563 524E: [email protected]
Patrick CowleyHead of Asia Pacific RegionKPMG in Hong KongT: +85 221 402 836E: [email protected]
Mark RaddanGlobal Head of TurnaroundKPMG in the UKT: +44 20 7694 3580E: [email protected]
Kevin KrakoraHead of Americas Region T: +1 312 665 3276E: [email protected]
Mike WalkerGlobal Head of Insurance Restructuring KPMG in the UKT: +44 20 7694 3198E: [email protected]
Matthew WoodsHead of Australia & NZ RegionT: +61 8 9263 7515E: [email protected]
thirty-one
Linklaters LLPOne Silk Street, London EC2Y 8HQ T: +44 (0)20 7456 2000F: +44 (0)20 7456 2222 www.linklaters.com
Global Restructuring and Insolvency Practice
Linklaters has leading restructuring and insolvency practitioners in the jurisdictions in which it operates. With 29 offices in 20 countries, our practice provides global coverage with local expertise capable of handling the most challenging assignments.
We have a wide-ranging and well-balanced practice acting for all manner of stakeholders on credit restructuring and rescheduling, debt and equity capital raising and restructuring (including high yield debt), distressed M&A activity, investigation, asset tracing and insolvency litigation, formal insolvency procedures and contingency planning and implementation using out of court and in court procedures in each of our jurisdictions, including U.S. Chapter 11. We also advise on strategic distressed debt and equity investments.
Depth of experience
Our restructuring and insolvency lawyers have worked, and continue to work, on some of the most complex and innovative restructuring and insolvency transactions and cases of recent times, across a broad range of sectors. Our team advises on an exceptional spread of complex matters covering a wide range of jurisdictions. This gives us unrivalled international experience at the forefront of market developments.
Our team has recently been engaged on:
• Bank emergency recapitalisations, resolutions, asset portfolio sales and insolvencies
• Restructuring complex, multi-jurisdiction leveraged financings
• Use of schemes of arrangement in the UK to assist UK and overseas corporate balance sheet restructurings
• Restructurings of multiple financings of international industrial corporates
• Advising insolvency office holders in respect of claims and asset recoveries and investigations
• Development and use of restructuring techniques and legal frameworks across a number of jurisdictions to achieve innovative solutions for stakeholders
“They’re extremely responsive, very able from a legal technical level and they’re very commercial.”
Chambers 2018, Restructuring and insolvency, Band 1
“They have really high-quality partners and good access to a big team when they need to. They’ve got good international reach and they’re very collaborative with other advisors.”
Chambers 2018, Restructuring and insolvency, Band 1
Contacts Global headsRichard BussellRebecca Jarvis LondonBruce BellTony BuggRichard BussellEuan ClarkeRory ConwayJames DouglasMandip EnglundRichard HodgsonRebecca JarvisNicholas Le MasurierSarah MookSusan Roscoe Amsterdam & BrusselsCharles-Antoine LeunenPaul KuipersMees Roelofs Dubai & Abu DhabiScott CampbellAndrew JennensKieron Zaman Frankfurt & LuxemburgPatrick GeortaySven ScheloSabine Vorwerk Hong Kong & SingaporePhilip BadgeDavid KiddMelvin Sng Lisbon & MadridJuan BaronaBen CrosseFrancisco MalagaNuno Ferreira LousaPedro de Rojas Milan & ParisAndrea ArosioFrancesco FaldiAymar de Mauléon New YorkAaron JavianPenelope JensenMargot SchonholtzRobert Trust
OfficesFor a full list of Linklaters’ offices worldwide, please go to
www.linklaters.com
thirty-two
Global Restructuring: Why Morgan Lewis?
What makes us truly outstanding?
• We are global. We are experts in the US, but we have uniquely longstanding knowledge and perspective on non-US and cross-border workouts and insolvencies. We helped found the cross-border workout/insolvency advisory industry, and we have made this work a strategic focus for more than 25 years.
• We cover all asset classes for creditors. We help creditor clients achieve successful outcomes in all debt asset classes - corporate debt, project debt, financial institutional debt, insurance obligations, structured debt, municipal obligations, airline-related obligations, sovereign debt, and nationalized debt, in developed and emerging markets, around the world.
• We have deep US expertise. We have deep and longstanding expertise in all aspects of the US workout and bankruptcy processes. We work for all kinds of creditors in restructurings in all industries, and in all aspects of US bankruptcy proceedings, including involuntary petitions, DIP financing, cash collateral arrangements, creditors’ committees, derivatives transactions, claims allowance/litigation, avoidance actions, executory contracts, 363 sales, plan confirmation, valuation issues, and related trial and appellate litigation.
• Weunderstandfinancialcrises.We have been working for creditors at the epicenter of each financial crisis. We restructured numerous US credits in the wake of the S&L crisis of the late 1990s, Latin American credits in the wake of its regional crises in the 1990s and early 2000s, East Asian credits in the wake of that region’s currency crisis in the early 2000s, and we have been restructuring credits in the wake of the European crisis. This work has provided us deep perspective on causes and consequences, policy possibilities and ramifications, and the best strategic pathways for our clients.
• We are commercial. We are excellent lawyers, but our core skill is in understanding our clients’ objectives, assessing the commercial and financial prospects and limits of the situation, proposing solutions that match the situation, and implementing the chosen solution, at all times remaining focused on why the clients have hired us. We know when to fight and when to deal, and we deploy both approaches adroitly.
• We are client-driven. Nobody is more responsive to clients than we are. We are in touch quickly, we listen carefully, we help explain and adjust as needed for clients’ management teams.
What resources support our success?
• Globaloffices.We have partners and associates situated in a tight network of offices located in global financial centers to support cost-effective 24/7 service for our clients’ matters and needs.
• Creditors’ rights litigation. Our insolvency and creditors’ rights litigation team is deep and experienced, in the US, the UK, Asia and beyond.
• Key supportive skill sets. We mesh seamlessly with other departments to address all the needs of our matters, including securities law, tax, project finance, energy regulatory, real estate, labor law, M&A, litigation, bank regulatory, antitrust, etc.
• Key relationships. Our working relationships include leading legal and financial advisors globally, and related trade associations like Chambers, INSOL, and key bar associations. We also know well senior and workout officers at leading banks, financial institutions, and hedge funds, as well as key officials, including at the SEC, the UN, the IMF, the US Treasury, and the European Commission, as well as at the national level in many countries.
Key Contacts:
Renée M. [email protected]
Timothy B. DeSienoNew [email protected]
John C. Goodchild, [email protected]
www.morganlewis.com
thirty-three
Contacts
GlobalHoward SeifeE: [email protected]
USLouis StrubeckE: [email protected]
UKSarah CoucherE: [email protected]
James StonebridgeE: [email protected]
John VerrillE: [email protected]
AustraliaScott AtkinsE: [email protected]
John MartinE: john.martin@ nortonrosefulbright.com Steven PalmerE: [email protected]
Hong KongCamille JojoE: [email protected]
SingaporeRobert DriverE: [email protected]
CanadaHoward A. Gorman, QCE: [email protected]
Tony ReyesE: [email protected]
Sylvain RigaudE: [email protected]
AfricaHaroon LaherE: [email protected]
Latin AmericaCharles JohnsonE: charles.johnson@ nortonrosefulbright.com
Financial Restructuring and Insolvency
The strength of our financial restructuring and insolvency practice lies in our technical ability in complex distressed matters, multi-disciplinary experience, global reach and sector strength. Based throughout Europe, the United States, Asia, Australia, Canada, Latin America, Africa, the Middle East and Central Asia, our financial restructuring and insolvency lawyers handle the most complex and sensitive local and cross-border matters across the globe.
The firm’s global restructuring reach was greatly enhanced by the recent combination with Chadbourne & Parke and its New York-based bankruptcy and restructuring group. This powerful combination adds world-class resources to an already leading team in the United States and other key jurisdictions. In particular, Chadbourne was recognized as one of the leading firms in the bankruptcy and restructuring area in Chambers Global and Chambers USA noting that the firm “brings specific expertise in international and cross-border restructurings” and is “particularly skilled in advising on chapter 15.”
We have represented multi-jurisdictional, large scale clients in some of the world’s most high profile bankruptcy and workout cases including the trustee for the liquidation of Lehman Brothers Inc., the Commonwealth Bank of Australia, the Royal Bank of Canada, JPMorgan Chase, Bank of America, Citibank and BNP Paribas.
Our global team delivers enhanced financial restructuring and insolvency services to our clients wherever they are based.
Our areas of work include:
Norton Rose Fulbright is a global legal practice. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 4,000 lawyers based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
For more information about Norton Rose Fulbright, see nortonrosefulbright.com.
• Complex loan restructurings • Committee representations• Pre-packaged, pre-negotiated
and traditional plans• Bankruptcy and insolvency litigation• Municipal bankruptcy and
insolvency• Court-based and consensual
restructurings• Executory contracts, leases,
and forward, swap and trading contracts
• Avoidance actions• Debtor-in-possession and exit
financings• International bankruptcy and
insolvency cases, and cross-border recognition proceedings
• Sale and purchase of distressed assets
• Sale and purchase of distressed debt and portfolio sales
• Lender liability disputes
Ranked as a top ten firm and one of the world’s leading law firms for cross-border restructuring and insolvency matters. Global Restructuring Review 2017
The ‘very responsive’ team at Norton Rose Fulbright is able to ‘bring a breadth of experience’ combining sector specialism from within the firm with a ‘commercial and practical’ approach to restructuring.Legal 500 UK
“A strong and experienced team, with the resources to support a quickly moving and quickly changing case”. Chambers USA
thirty-four
Pepper Hamilton, a multipractice law firm with more than 500 lawyers, provides corporate, litigation and regulatory legal services to leading businesses, governmental entities, nonprofit organizations and individuals throughout the nation and the world.
Pepper’s practice areas encompass nearly all areas of law. The firm is organized into three general departments — Commercial, Intellectual Property and Litigation and Dispute Resolution — and offers a number of multidisciplinary practice groups to meet our clients’ needs.
Corporate Restructuring and Bankruptcy Practice Our practice offers an integrated network of professionals who focus on all aspects of reorganizations, bankruptcies,restructurings, workouts and buyouts. Our team is national in focus, appearing regularly in bankruptcy courts throughout the country, including New York and Delaware.
We have experience in insolvency matters across a wide range of industries, including the food, retail, energy, construction, manufacturing, health care and automotive industries. Our clients include large national and international public and privately held corporations. We also counsel foreign representatives on securing recognition of foreign insolvency proceedings under Chapter 15 of the U.S. Bankruptcy Code.
Debtor and Creditor RepresentationWe advise on all aspects of Chapter 11 and Chapter 15 court proceedings, as well as out-of-court restructurings, recapitalizations and prenegotiated workouts.
On the debtor side, we assist financially troubled corporations and other business entities with evaluating options, negotiations with creditors and implementing restructuring solutions. We help clients with asset sales, financing, debt restructuring, valuation, corporate governance and other issues that affect value maximization.
On the creditor side, we represent official and unofficial creditors’ committees, trade creditors, lenders, debtor-in-possession financiers, indenture trustees, hedge funds, bondholders and government entities. We assist committees and creditors in assessing the valuation and solvency of debtors, the validity of financing and restructuring strategies, the liens and claims of secured creditors, and other issues critical to maximizing value.
Bankruptcy LitigationOur group includes seasoned trial lawyers who handle complex litigation for debtors, secured and unsecured creditors, official and ad hoc committees and trustees. Pepper recently served as Special Bankruptcy Litigation Counsel for the City of Detroit in the largest municipal restructuring in U.S. history.
Bankruptcy-Related TransactionsWe frequently represent entities interested in acquiring troubled companies or their assets. We assist with the structuring, negotiation and documentation of transactions, as well as the bankruptcy implications of transactions, including mergers and acquisitions, securitizations and other structured financings, leveraged leases, forbearance agreements, debtor-in-possession loans, cash collateral stipulations, and subordination agreements.
Key Contacts
Robert S. Hertzberg(immediate past Co-Chair and former INSOL President)Suite 18004000 Town Center Southfield MI 48075-1505248.359.7333
and
The New York Times Building 37th Floor620 Eighth AvenueNew York NY 10018-1405 212.808.2704hertzbergr@ pepperlaw.com
David M. Fournier(Co-Chair)Hercules Plaza, Suite 5100 1313 Market StreetWilmington DE 19899-1709302.777.6565fournierd@ pepperlaw.com
www.pepperlaw.com
Offices
Berwyn, PA
Boston
Detroit
Harrisburg
Los Angeles
New York
Orange County
Philadelphia
Pittsburgh
Princeton
Silicon Valley
Washington, D.C.
Wilmington
thirty-five
São Paulo Rio de Janeiro Brasília www.pinheironeto.com.br
The Firm
Founded in 1942, Pinheiro Neto Advogados is one of the largest law firms in Latin America and one of the most well-established in Brazil. Pinheiro Neto Advogados is a full-service firm with around 440 lawyers and offces in São Paulo, Rio de Janeiro and Brasília.
Our Restructuring and Insolvency Practice
The Corporate Restructuring and Insolvency Team seeks to provide innovative, pragmatic and effective legal advice to clients involved in any type of distressed situation. Partners of the team were members of the Joint Ministerial Committee that assisted the Senate in the legislative process and had significant contribution to the final wording of the Bankruptcy Law and the Team’s practice goes back to several restructurings cases much before the Brazilian Bankruptcy Law became effective in 2005 and changed the landscape for corporate restructurings in Brazil.
The Team combines efforts with the wide-range and awarded M&A, banking, capital markets, tax and labor practices of the Firm comprising over 25 partners with experience in corporate restructuring and distressed M&A cases to effectively develop and implement ground-breaking strategies for clients in all types of recapitalization, refinancing, out-of-court restructurings, pre-packages, judicial reorganizations and bankruptcy liquidation situations.
The Team has earned a solid reputation in advising creditors, including official and ad hoc creditors’ committees, financial institutions, bondholders, syndicated lenders, lenders (including in respect to strategic debtor-in-possession (DIP) and exit financing solutions), trustees, agents and derivative counterparties and distressed investors, in mergers and acquisitions involving distressed companies and in other asset deal opportunities, whether through out-of-court negotiated arrangements or in-court reorganization or bankruptcy liquidation proceedings and commercial-related litigation.
Pinheiro Neto Advogados also represents company debtors, managers, boards, owners and shareholders in devising and implementing effective business, operational and/or financial restructuring in out-of-court and in-court proceedings, including through the use of innovative pre-package, pre-arranged or judicial reorganization proceedings and techniques. It is the firm of choice for the most complex cross-border insolvency and restructuring matters, having also advised clients in numerous Chapter 15 (and former Section 364) and other cross-border proceedings in The USA, Australia, BVI, Canada, Cayman Islands, Italy, Ireland, The Netherlands, Madeira Island and UK cases involving Brazilian debtors and affiliated entities.
Over the years following the promulgation of the Bankruptcy Law the Team has been involved and participated in virtually all high-profile cases involving debtors in multiple segments and industries including aviation, auto-parts, automotive, telecommunications, energy, oil & gas, sugar-ethanol, mining, retail, real estate, construction and food industries. Our Team has received wide recognition, including IFLR Americas Awards 2017: Restructuring Deal of the Year: OAS Restructuring; Latin Finance 2016; Latin Lawyer Deals of the Year’s awards in the Restructuring category due to its representations of (i) the Ad Hoc Committee of Bondholders of OAS S.A. in its judicial reorganization proceedings (2016); (ii) the Ad Hoc Committee of Bondholders and DIP Lenders of OGX Óleo e Gás S.A., in its judicial reorganization proceedings (2015); (iii) the Ad Hoc Committee of Bondholders and the Inter-American Development Bank – IDB, as one of the largest creditors of Centrais Elétricas do Pará – Celpa, in its judicial reorganization proceeding (2012); and (iv) the Frigorífico Independência S.A. and affliated companies in its judicial reorganization proceedings (2010). The team also received the (i) Global Finance Deal of the Year: Restructuring (South America) from the American Lawyer for its involvement in the OGX judicial reorganization (2015); and (ii) Restructuring Deal of the Year award from the Turnaround Management Association of Australia due to its representation of Mirabela Nickel Limited and its subsidiaries in their debt restructuring (2014).
The Firm and the Partners of the Team have also been praised by:
• Chambers Latin America: Leading firm (Band 1) in Bankruptcy & Restructuring in Brazil. Individual Recommendations: Luiz Fernando Valente de Paiva (Band 1), Giuliano Colombo (Band 2) and Andre Moraes Marques (Band 4) (2018)
• Who is Who Legal Brazil: Insolvency & Restructuring Lawyers: Luiz Fernando Valente de Paiva (2009/2017) and Giuliano Colombo (2010/2017)
• First tier firm in Bankruptcy and Restructuring practice – The Legal 500 Latin America – since 2012
• Recommended in the GRR 100 – 1st Edition – Global Restructuring Review – 2017
Strength
“The firm has a very important leading practice in the market, especially in its work with creditors. It is anexceptional team in this area.The lawyers are very responsible and knowledgeable about restructuring processes and Brazilian law in general”. Chambers and Partners 2017
“According to clients, ´no other Brazilian law firm is as talented or comprehensive’ as Pinheiro Neto Advogados. The ´deep and credible team´ is ´akin to a typical top-tier New York firm in terms of levels of professionalism and responsiveness´ and ´understands the business view to provide broad and strategic advice´”. Editorial The Legal 500 - 2014
ContactsLuiz Fernando Valente de Paiva Giuliano Colombo André Moraes Marques55 11 3247-8883 55 11 3247-8661 55 11 [email protected] [email protected] [email protected]
thirty-six
We’re a leading professional advisory firm that helps clients break through the barriers that may hinder their success – whether they need to optimise the value of a business, think differently about how a company is structured, or are in financial distress.
PPB Advisory is a leading advisory firm that delivers impactful advice and strategic outcomes to help clients navigate critical and complex issues, improve their performance and realise their strategic goals.
We have access to international expertise through our global membership of Cordence Worldwide, an international partnership of locally focused consulting companies with common values. Through this partnership, we offer our clients the global knowledge and cross-industry experience from more than 2,500 consultants in 22 countries around the world.
Collectively we have a team of around 350 people across Australia and Singapore working with clients around the world. We:
• provide strategic, operational and financial advice
• optimise workforce asset and enterprise value
• manage enterprise risk
• lead major transactions involving changes of ownership or capital structures
• advise on complex business restructures and turnarounds
• undertake forensic investigations
• provide insolvency services to companies and individuals.
From complex business problems involving multiple stakeholders to an individual’s business challenges, we’re trusted by our clients to deliver successful outcomes skilfully and sensitively.
PPB Advisory contacts
Sydney
Mark Robinson
Partner
T: + 61 2 8116 3020
E: mrobinson@ ppbadvisory.com
Melbourne
David McEvoy
Partner
T: +61 3 9269 4135
Brisbane
Grant Sparks
Partner
T: +61 7 3222 6807
Perth
Simon Theobald
Partner
T: +61 8 9216 7600
Singapore
Chintan Ganatra
Partner
T: + 65 6381 0700
thirty-seven
Our global network means that we have over 2,000 business recovery and insolvency experts in 62 countries that can help our clients when they are having business difficulties.
We work alongside our clients and negotiate great outcomes at speed, finding the optimal solution to financial and operational challenges by reducing risk and protecting value where time and cash are tight.
Whether a company has gone from thriving to surviving an imminent crisis, or is just looking to “fix the roof while the sun is shining”, we can support management teams to:
• reduce balance sheet stress
• generate cash and reduce costs
• increase profitability
• refinance and find the best source of capital to support business objectives
• reduce long term pensions and other liability costsWhatever the solution, we stand by your side pre-empting and managing road blocks until the job is done.
Diederick van der PlasGlobal+44 (0) 20 7212 6711 (London)[email protected]
Russell DownsEurope+44 (0) 20 7212 5992 (London)[email protected]
Ian GreenUK+44 (0) 20 7804 0025 (London)[email protected]
Joachim EnglertGermany+ 49 69 9585 5767 (Berlin)[email protected]
Matthew WildeMiddle East+971 4 304 3984 (Dubai)[email protected]
Stefan SmythAfrica+ 27 (11) 797 4184 (Johannesburg)[email protected]
Steven FlemingUnited States+1 (646) 471 3041 (New York)[email protected]
Greg PrinceCanada+1 (416) 814 5752 (Toronto)[email protected]
Jose BragaBrazil+ 55 11 3674 3405 (Sao Paulo)[email protected]
Ted OsbornAsia Pacific+ (852) 2289 2299 (Hong Kong)[email protected]
Osamu KurataJapan81 90 4701 8897 (Tokyo)[email protected]
Derrick VickersAustralia+ 61 (8) 9238 5145 (Sydney)[email protected]
© 2016 PricewaterhouseCoopers LLP. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP (a limited liability partnership in the United Kingdom), which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.
thirty-eight
Rajah & Tann Singapore LLP
About Us
Consistently ranked as a ‘Tier 1’ practice by leading journals, and recognised as being “head and shoulders above others” in insolvency and restructuring, Rajah & Tann Singapore is honoured to be the only South East Asian law firm in the Group of Thirty-Six (G36) of INSOL International (INSOL).
We are one of the largest full-service law firms in Singapore and South East Asia. We have been at the leading edge of law in Asia, having worked on many of the biggest and highest profile cases in the region. We have a vast pool of talented and well-regarded lawyers dedicated to delivering the very highest standards of service across all the firm’s practice areas.
Rajah & Tann Asia, a network of over 600 lawyers, has the reach and the resources to deliver excellent service to clients in the region including Cambodia, China, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Thailand and Vietnam. Our geographical reach also includes Singapore based regional desks focusing on Japan and South Asia.
Our Experience
One of the largest in Singapore and the region, our Restructuring and Insolvency practice deals with banking and financing disputes, corporate insolvencies and rescues, workouts and debt restructurings, and enforcement of creditors’ rights.
We have been involved in almost all the most prominent restructuring and insolvency cases in Singapore’s corporate history. These include the headline grabbing collapse of Barings, Britain’s oldest merchant bank where we acted for the judicial managers, inspectors and liquidators of Barings (Futures) Pte Ltd and the first successful restructuring of a public company owned by a Chinese State Owned Enterprise, China Aviation Oil Corporation. Other notable matters include our engagement as Singapore counsel for Lehman Brothers and KPMG Singapore in an award winning deal involving the acquisition of Lehman Brother’s franchise across Asia Pacific; the restructuring of the Nortel group, the liquidation of MF Global; and the restructuring of the Pacific Andes group. We have undertaken lead roles in recent noteworthy cases involving the offshore and marine industry, which include Swiber, Swissco, Emas Offshore and Hanjin Shipping.
Contacts
Lee Eng Beng, SCManaging PartnerE: [email protected]
Patrick AngDeputy Managing PartnerE: [email protected]
Sim Kwan KiatEquity PartnerE: [email protected]
Lionel TayEquity PartnerE: [email protected]
Mark ChengEquity PartnerE: [email protected]
Chua Beng ChyeEquity PartnerE: [email protected]
Danny OngEquity PartnerE: [email protected]
Rajah & Tann Singapore LLP9 Battery Road #25-01, Singapore 049910T: +65 65353600F: +65 62259630 E: [email protected]
www.rajahtannasia.com
Offices
Cambodia, China, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam
thirty-nine
RBS is a UK-based banking and financial services company, headquartered
in Edinburgh, Scotland. RBS provides a wide range of products and services
to personal, commercial and large corporate and institutional customers
through its two main subsidiaries, The Royal Bank of Scotland and NatWest,
as well as through a number of other well-known brands including Ulster
Bank and Coutts.
RBS Restructuring
The purpose of Restructuring is to protect the bank’s capital. Where
practicable, Restructuring do this by working with corporate and
commercial customers to support their turnaround and recovery
strategies and enable them to return to mainstream banking. Restructuring
will always aim to recover capital in a fair and efficient manner.
Contacts
Laura Barlow Head of RBS Restructuring [email protected]
Stephen Hair Head of Complex and International, [email protected] RBS Restructuring
Sean Pilcher Head of Recoveries & Operations, [email protected] (Fellow, INSOL RBS RestructuringInternational)
fourty
Global Solutions
RSM is a world leading network of independent audit, tax and consulting firms who provide services to entrepreneurial growth-focused organisations globally. RSM has firms in over 120 countries, with more than 800 offices and 44,100 people internationally. RSM firms provide a full range of business advisory and corporate recovery services to clients around the globe.
Local knowledge
Comprising over 740 offices, RSM member firms are committed to providing consistently high levels of professional services across the globe. Their regional knowledge and insight is essential to understanding local customs, culture, law, practices and sensitivities. This means that in challenging and complex cases, our members are able to devise and deliver the most innovative solutions worldwide.
Move forward with practical advice
As an integrated team, we share skills, insight and resources, as well as a client-centric approach that’s based on a deep understanding of your business. We have experienced professionals who specialise in working with company directors, financial institutions, turnaround professionals and venture capitalists to provide practical corporate restructuring advice that is designed for your specific business needs. We are also experienced in handling personal and corporate insolvency cases, and have a proven track record in working with banks and financial institutions to maximise recoveries.
Our services include:
• Independent business reviews
• Corporate restructuring and turnaround
• Cross-border restructuring
• Formal insolvency
• Special investigations and personal insolvency
For more information visit rsm.global
RSM is the brand used by a network of independent accounting and consulting firms, each of which practices in its own right. The network is not itself a separate legal entity of any description in any jurisdiction. The network is administered by RSM International Limited, a company registered in England and Wales (company number 4040598) whose registered office is at 11 Old Jewry, London EC2R 8DU. The brand and trademark RSM and other intellectual property rights used by members of the network are owned by RSM International Association, an association governed by article 60 et seq of the Civil Code of Switzerland whose seat is in Zug. © RSM International Association, 2017
Contact our global heads of restructuring services in your country/region:
Europe/Middle East/Africa
Friedrich von Kaltenborn-Stachau (Germany)T: +49 40 35006 0E: [email protected]
Graham Bushby (UK)T: +44 (0)20 3201 8000E: [email protected]
Alberto Cerini (Italy)T: +39 02 83421490 E: [email protected]
Americas
Scott Peltz (USA) T: +1 312 634 4728 E: [email protected]
Mitchell Hirsh (USA) T: +1 312 634 4740 E: [email protected]
Asia Pacific
Peter Marsden (Australia)T: +61 2 8226 4902E: [email protected]
Andrew Bowcher (Australia)T: +61 2 6937 7003E: [email protected]
YC Chee (Singapore)T: +65 6594 7828 E: [email protected]
Abuthahir Abdul Gafoor (Singapore )T : +65 65947830E: [email protected]
Osman Arab (Hong Kong)T: +852 2583 1324E: [email protected]
fourty-one
United States
Joel MossNew [email protected]
Fredric SosnickNew [email protected]
Ned S. SchodekNew [email protected]
United Kingdom
Clifford [email protected]
Patrick [email protected]
Caroline Leeds [email protected]
Solomon J. [email protected]
Anthony J. [email protected]
Germany
Winfried M. [email protected]
Matthias WeissingerFrankfurt+49.69.9711.1260matthias.weissinger@shearman.com
France
Pierre-Nicolas [email protected]
Italy
Tobia [email protected]
Valerio FontanesiMilan+39.02.0064.1500valerio.fontanesi@ shearman.com
With a global network of lawyers based in the United States and Europe, Shearman & Sterling’s Financial Restructuring & Insolvency Group delivers integrated service on complex global restructuring matters. In addition to our cross-border capabilities, we provide local financial restructuring advice on matters specific to the jurisdictions in which our lawyers practice. We represent a broad range of clients, such as financial institutions, hedge funds, corporate debtors in various industries, ad hoc committees and buyers and sellers of distressed assets, on all aspects of financial restructuring matters.
The complex restructuring matters on which we provide counsel include:
• Distressed Companies | We work with a distressed company’s management and financial advisors to craft the optimal business-focused solution, with our lawyers providing extensive experience in both in-court and out-of-court restructuring proceedings across the globe, including local law expertise in the United Kingdom, the United States, Germany, France and Italy.
• Creditors | Our excellent reputation for creditor work is based on our comprehensive experience representing official creditors’ committees, bank debt and ad hoc creditor groups, secured lenders, equity holders, derivative and swap counterparties, security trustees and agents, and other creditors in out-of-court reorganizations, debt restructurings, enforcement processes, liability management strategies and bankruptcy proceedings.
• Special Situation Financing | We draw upon Shearman & Sterling’s collective strength in bank and leveraged finance to provide counsel to financial institutions on complex rescue financings, debtor-in-possession (DIP) financings and exit financings.
• Distressed M&A | Acquisitions and dispositions involving distressed companies, whether in an out-of-court transaction or within an in-court restructuring process, benefit from our combined financial restructuring and M&A knowledge.
• Counterparty Risk/Derivatives | Combining the firm’s experience in the fields of derivatives and financial restructuring has put us at the forefront of many of the most significant insolvency cases involving derivatives, allowing our in-depth understanding of the insolvency, derivatives and regulatory aspects of financial institutions and other counterparty risks of default to help minimize the extent of counterparty exposure of some of the largest hedge funds and financial institutions in the world.
• Distressed Debt Trading | We represent various sellers, market-makers and buy-side institutions on the purchase and sale of a variety of complex distressed debt trades.
• Chapter 15 and Dual Proceedings Representations | We advise on cross-border insolvency proceedings, including representing companies seeking the assistance of US courts to protect assets or to stop pending litigation while the companies are subject to non-US court proceedings, and foreign liquidators with respect to holdings of affiliates that are in chapter 11 in the United States.
PRACTICE CONTACTS
fourty-two
The Corporate RestructuringGroup at Skadden providesinnovative solutions to clientsinvolved in distressed companysituations, allowing them tominimize costs, enhance valueand properly position themselvesfor the future.
We represent clients in restructurings in and out of court, financial recapitalizations, business reorganizations, acquisitions and liquidations. A substantial aspect of our practice focuses on avoiding or mitigating the adverse effects of liquidity or other crises through contingency planning and by helping companies while they still have alternatives to bankruptcy. In addition, our presence in Europe, Asia and South America allows us to address clients’ needs worldwide.
We also help clients minimize the time spent in Chapter 11. Skadden pioneered the use of quick, cost-efficient out-of-court — prepackaged — restructurings.
– Skadden is frequently recognized as having one of the top restructuring practices worldwide:
– Corporate Restructuring Team of the Year (The American Lawyer and Legal Week Transatlantic Legal Awards)
– Law Firm of the Year - Corporate Restructuring (U.S. News — Best Lawyers “Best Law Firms”)
– Global Finance Deal of the Year: Insolvency and Restructuring (U.S.) (The American Lawyer Global Legal Awards)
– Top tier for Restructuring/Insolvency (IFLR1000)
Global Practice Leaders
Jay M. Goffman / Partner / 212.735.2120
Paul Leake / Partner / 212.735.3260
Deputy Practice Leader
George N. Panagakis / Partner / 312.407.0638
London
Chris Mallon / Partner / 44.20.7519.7236
Dominic McCahill / Partner / 44.20.7519.7018
James D. Falconer / Counsel / 44.20.7519.7214
Chicago
James J. Mazza, Jr. / Partner / 312.407.0521
Ron E. Meisler / Partner / 312.407.0549
Felicia Gerber Perlman / Partner / 312.407.0758
Los Angeles
Van C. Durrer II / Partner / 213.687.5200
New York
Shana A. Elberg / Partner / 212.735.3882
J. Eric Ivester / Partner / 212.735.3111
Lisa Laukitis / Partner / 212.735.3290
Mark A. McDermott / Partner / 212.735.2290
J. Gregory Milmoe / Partner / 212.735.3770
George R. Howard / Counsel / 212.735.2367
Christine A. Okike / Counsel / 212.735.3491
Wilmington
Mark S. Chehi / Partner / 302.651.3160
Anthony W. Clark / Partner / 302.651.3080
Jason M. Liberi / Counsel / 302.651.3023
Robert A. Weber / Counsel / 302.651.3144
skadden.com
fourty-three
www.southsquare.com
“In a league of its own for insolvency law”Legal 500
“An unbeatable repository of specialist insolvency advisers and advocates”Chambers UK
South Square is widely recognised as the top set for insolvency and restructuring work. Our reputation for excellence extends to all our specialist practice areas, including banking, financial services, company law, trusts and asset tracing, and general commercial litigation.
Our barristers are valued for their “unrivalled talent” and “world-class service”, having acted in the most high-profile insolvency and restructuring related disputes of the last decade.
A significant proportion of our work extends beyond England and Wales, with barristers regularly appearing in courts and tribunals around the world, including the Caribbean, Bermuda, Dubai, Hong Kong and Singapore.
Recent and significant cases include Lehman Waterfall, Saad Investments, Primeo Fund, MF Global, Olympic Airlines SA, Madoff Securities, Stanford International, Landsbanki, Nortel , Metinvest, APCOA Parking, Affinion International, Codere Finance, DTEK Finance, Kaupthing, SPhinX, Tambrook, Ocean Rig, Ardon Maroon and Eurasia Drilling.
South Square and our barristers are consistently ranked in all the major legal directories and have won numerous awards over the years, including set of the year for insolvency and restructuring in the Chambers UK and Legal 500 Bar Awards.
For more information, please contact our practice managers:
E: [email protected] T: +44 207 696 9900
fourty-four
International law firm Weil, Gotshal & Manges LLP has approximately 1,100 attorneys in 18 offices in the United States, Europe, and Asia. Headquartered in New York City, it maintains offices in Beijing, Boston, Budapest, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, Paris, Prague, Princeton, Shanghai, Silicon Valley, Warsaw and Washington, DC.
Weil’s elite status among international law firms owes greatly to the extraordinary balance it maintains, both in its geographic reach as well as its diversity of practice areas. The firm’s client roster includes leading companies in a broad range of industries on a global basis. This diversity of legal disciplines and geographies leads to a highly collaborative firm culture where client relationships span several offices and practice groups, enabling the firm’s lawyers to develop and perfect specialties to address and resolve complex legal problems from a broad, interdisciplinary perspective.
The firm’s global crisis management and restructuring work serves as an excellent illustration of Weil’s ability to help clients face the most complex, high-profile challenges in a changing marketplace. The firm’s work in this area covers novel legal challenges brought about by the changing financial paradigm and includes cross-border and multijurisdictional insolvency issues in connection with global banking and manufacturing concerns; assisting private equity sponsors and hedge funds in managing and/or restructuring portfolio companies; distressed investing; a cutting-edge, industry-leading practice in unwinding derivative transactions on behalf of bankrupt entities; and negotiating with government and regulatory authorities on behalf of troubled companies. Weil’s approach to these challenges is framed by interdisciplinary teams customized to address each client’s particular issues, drawn from nationally and globally recognized practices in Bankruptcy/Restructuring, Securities Litigation, Corporate Governance, Structured Finance, M&A/Private Equity, Banking & Finance, and SEC Regulatory and Compliance, and intimate knowledge of, and ongoing involvement with, the financial instruments at issue, including asset-backed securities (ABS), collateralized debt obligations (CDOs), credit default swaps (CDSs), structured investment vehicles (SIVs), and collateralized loan obligations (CLOs).
Business Finance & Restructuring Department
Referred to by The American Lawyer as the gold standard of the bankruptcy bar, Weil’s Business Finance & Restructuring Department is considered a leader in the world and maintains a significant presence in the firm’s New York, Dallas, Houston, Washington, DC, London, Munich, Paris, Frankfurt, Prague, and Warsaw offices. The firm’s lawyers counsel a uniquely wide range of constituencies, including debtors, creditors, equity holders, committees, and potential purchasers of troubled companies or their assets. In addition to its preeminent position assisting troubled companies, Weil’s restructuring lawyers have advised several nations seeking to develop sophisticated laws governing insolvency and restructuring.
Weil has been involved in 11 of the largest bankruptcies filed in the U.S. in 2017. These include acting as debtors’ counsel to Takata Corp., Westinghouse Electric Company, Tidewater, Inc., Memorial Production Partners, GulfMark Offshore Inc., Azure Midstream Partners and Angelica Corporation. The Firm also has significant roles in the chapter 11 cases of The Gymboree Corporation and Vanguard Natural Resources.
Weil has also represented debtors in some of the largest global insolvencies, including: China Fishery Group Limited; Caliber Midstream Partners; CHC Group, Ltd.; National Public Finance Guarantee Corporation; Edcon; and Ukraine’s $18 billion Sovereign Restructuring. Other recent engagements include representing Breitburn Energy Partners, Aéropostale, Inc., and Golfsmith International, Inc.
Moreover, in addition to our debtor work, we represent every key party including creditors, ad hoc groups and assets purchasers. On the creditors’ side, this includes representing the official committee of unsecured creditors in the chapter 11 cases of SunEdison’s and Ultra Petroleum Corp. et al. as well as an ad hoc group of unsecured noteholders of SandRidge Energy, Seventy Seven Operating, LLC, Cobalt International Energy, Magnum Hunter, and creditor/equity sponsors in BCBG Max Azria Global Holdings, LLC, Performance Sports Group (Bauer), among others.
For more information, please contact:
New YorkMatthew S. Barr, Global Co-Head of Restructuring 212.310.8010
Gary T. HoltzerGlobal Co-Head of Restructuring 212.310.8463
Ray C. Schrock, P.C.Global Co-Head of Restructuring 212.310.8210
Ronit J. Berkovich 212.310.8534
Garrett Fail 212.310.8451
Marcia L. Goldstein 212.310.8214
Stephen Karotkin 212.310.8350
Robert J. Lemons 212.310.8924
Jaqueline Marcus 212.310.8130
Joseph H. Smolinsky 212.310.8767
Michael F. Walsh 212.310.8197
DallasStephen A. Youngman 214.746.7758
FrankfurtUwe Hartmann +49.69.21659.690
HoustonAlfredo R. Pérez 713.546.5040
LondonMark Lawford +44.20.7903.1050Adam Plainer +44.20.7903.1030Andrew J. Wilkinson +44.20.7903.1068Alexander Wood +44.20.7903.1206
MunichGerhard Schmidt +49.89.24243.100
ParisFabienne Beuzit +33.1.4421.9780Jean-Dominique +33.1.4421.1552Daudier de Cassini Philippe Druon +33.1.4421.1551
fourty-five
North America
Latin America
Europe
Russia/CIS & Asia
Thomas E. LauriaMiami +1 305 995 5282New York +1 212 819 2637Email: [email protected] GreissmanNew York +1 212 819 8567Email: [email protected]
Vicente Corta FernándezMexico City +52 55 5540 9602Email: [email protected]
Christian PilkingtonLondon +44 20 7532 1208Email: [email protected] WallaceLondon +44 207 532 2283Email: [email protected] PraterLondon +44 20 7532 1306Email: [email protected] DaviesLondon +44 20 7532 1216Email: [email protected]éline Domenget MorinParis +33 1 55 04 58 85Email: [email protected] BoslyBrussels +32 2 239 25 09Email: [email protected]
Damien WhiteheadHong Kong +852 2822 8741Email: [email protected] KawanoTokyo +81 3 6384 3276Email: [email protected]
John K. CunninghamMiami +1 305 995 5252New York +1 212 819 8200Email: [email protected] AverchLos Angeles +1 213 620 7704Email: [email protected]
Donald E. BakerSao Paulo +55 11 3147 5601Email: [email protected]
David PlchCentral & Eastern Europe +420 255 771 111Email: [email protected] BährDüsseldorf +49 211 540680 0Email: [email protected] Oliver SchorlingFrankfurt +49 6929994 1558Email: [email protected] UndritzHamburg +49 40 35005 212Email: [email protected] FiebigHamburg +49 40 35005 212Email: [email protected] K. JanjuahHamburg +49 40 35005 212Email: [email protected]
Baldwin ChengBeijing +86 10 5912 9682Email: [email protected] Feng ChenSingapore +65 634 1327Email: [email protected]
Unmatched Problem Solving and Strategic ThinkingThe White & Case Global Financial Restructuring and Insolvency Group is an integrated team of morethan 160 lawyers in 29 countries who practice exclusively or principally in the area of bankruptcy andinsolvency law. As a recognized leader in complex cross-border insolvencies and workouts, the grouprepresents clients in all aspects of restructurings, workouts and insolvency matters, including bothtransactional and litigation matters. We regularly represent multinational corporations in simultaneousproceedings in virtually every corner of the world.
ExperienceOur completed and ongoing assignments reflect the diversity and dynamism that have becomehallmarks of our global restructuring practice. Importantly, we have been able to regularly achieveextraordinary results for clients facing long odds in difficult positions.
• APP China Limited Restructuring• Afren• African Bank• Agrokor Restructuring• Caesars Entertainment Chapter 11• CEDC• Ceona• CGG• Chiyoda Chapter 11• Chrysler Chapter 11• Concordia• Conergy Insolvency• CSN Houston Chapter 11 (NBA Houston Rockets)• Dynegy• Energy Future Holdings/TXU Chapter 11• Flexstrom Insolvency• General Maritime• German Pellets Insolvency• Global Investment House
• Residential Capital• Rickmers Holding Restructuring• Samson Resources• Scholz Holding Restructuring• Seadrill Ltd.• Seven Energy• Six Flags Chapter 11• Skymark Airlines Restructuring• SunEdison Inc.• TelDaFax Insolvency• Texas Rangers (MLB) Chapter 11• Tribune Company Chapter 11• Tricom Chapter 11• Ultrapetrol Bahamas Ltd.• Visteon Corp. Chapter 11• Vitro S.A.B. Restructuring• Washington Mutual Chapter11• Whitesell Germany Insolvency
whitecase.com
• K.S.C. Restructuring• Greek Sovereign Debt• Grupo Schahin• In re Zais IG Ltd VII• Jinro (HK) International Limited Restructuring• Kaupthing Bank• Kenya Airways• Kettler Insolvency• Lehman Brothers Holdings Inc. Chapter 11• LightSquared, Inc.• Major League Baseball (LA Dodgers Bankruptcy)• New World Resources• OAS S.A. Restructuring• Oi SA• Omega Navigation• PHS Group• Rede Energia
6-7 Queen Street, London, EC4N 1SP Tel: +44 (0)20 7248 3333 Fax: +44 (0)20 7248 3384
www.insol.org
