Out-of-court restructuring

German lawyers have cautiously welcomed a preventative restructuring regime outlined in a long-awaited draft bill that they hope will enable company rescues outside of insolvency and stymie the flow of companies who have headed abroad.

24 September 2020

Rejecting protests from noteholders, a New York court has given the Switzerland-incorporated offshore drilling contractor Transocean approval to continue with a disputed exchange offer to restructure US$2 billion of its US$9 billion debt pile.

07 September 2020

Katten Muchin Rosenman has expanded in Chicago and Dallas, hiring the co-chair of Fox Rothschild’s bankruptcy litigation practice, and a partner from Akerman.

03 September 2020

The construction services arm of Brazil’s Odebrecht has submitted an extrajudicial restructuring of US$3.3 billion worth of notes to a court in São Paulo for final approval.

25 August 2020

Indian wind turbine supplier Suzlon Energy has completed a restructuring of its step-up foreign currency convertible bonds, in what is believed to be the country’s largest bond restructuring to date.

19 August 2020

New York-based teams from Weil Gotshal & Manges and Milbank have helped global cinema chain AMC Entertainment finalise an out of court restructuring, after facing opposition from first lien lenders.

07 August 2020

Edward Middleton, a former managing director and co-head of financial restructuring in Asia at investment bank Houlihan Lokey, has joined Alvarez & Marsal in Hong Kong.

15 July 2020

McDermott Will & Emery has recruited a team of five restructuring lawyers from Katten Muchin Rosenman in Dallas.

08 July 2020

Allen & Overy has hired Baker McKenzie partner David Walter to its Asia-Pacific restructuring group as a “key part” of a planned expansion in the region.

03 July 2020