Out-of-court restructuring

Lenders take control of Lycra with advice from Linklaters

Linklaters has helped junior creditors take full equity control of US stretchy fibre maker Lycra from defaulting Chinese fashion conglomerate Shandong Ruyi, in a transaction across Asia, the Netherlands, London and the US, which the firm described as “one of the most high profile and complex enforcement and restructurings implemented in the market in recent years”.

12 July 2022

Bondholder sues Sri Lanka in US as foreign investors form creditor group

Sri Lanka is facing a US$250 million claim from a bondholder in New York who accuses the country of discriminating against US investors in its debt restructuring, after it defaulted for the first time in its history last month.

24 June 2022

Latham, A&O, HSF and Willkie Farr advise on Mediapro refinancing

Advisers from the UK, Spain and Hong Kong have helped Barcelona-headquartered media company Mediapro agree a refinancing deal with a shareholder to strike €500 million from its €900 million debt pile.

21 June 2022

“Retirement is a fantasy for the young”: Allen & Overy’s former US restructuring head joins Kasowitz

The former head of magic circle firm Allen & Overy’s US restructuring group, who worked as American counsel to Virgin Atlantic in the UK’s first-ever Part 26A restructuring plan, has left retirement to join Kasowitz Benson Torres in New York.

13 June 2022

Eversheds hires Alston & Bird partner to lead corporate debt advisory group

Eversheds Sutherland has hired a long-time Alston & Bird partner to chair its corporate debt advisory group in Atlanta, as part of ongoing efforts to grow its restructuring offering.

24 May 2022

Win for Goodwin as Kirkland partner joins firm

A Kirkland & Ellis partner who represented creditors in the Seadrill, Puerto Rico and Molycorp restructurings has joined Goodwin Procter in New York.

21 April 2022

Morrison & Foerster recruits Arnold & Porter partner

Morrison & Foerster has hired a partner in New York and Chicago who was instructed to advised the Kyrgyz Republic in a contentious Chapter 11 last year.

01 April 2022

RJ Gaito hires space mining start-up entrepreneur to head restructuring practice

Luxembourg law firm RJ Gaito has hired a new head for its finance and restructuring practice, who previously advised Abengoa through its second restructuring in 2019 and has recently helped found a space mining start-up.

24 March 2022

Veteran Paul Weiss partner joins Weil in New York

Weil, Gotshal & Manges has hired a veteran Paul, Weiss, Rifkind, Wharton & Garrison partner who recently represented Apollo Global Management in various prominent Chapter 11s, for its restructuring practice in New York.

23 March 2022

FTI Consulting hires from Protiviti in US, loses one in Cayman

FTI Consulting has hired a team of restructuring professionals from global consulting firm Protiviti, but lost another to Crowe Cayman.

07 January 2022

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