Out-of-court restructuring

Germany announces draft restructuring law in line with EU directive

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

Transocean clears noteholder injunction challenge to debt exchange

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 bolsters practice in Chicago and Dallas

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

Odebrecht subsidiary seeks court sanction for extrajudicial restructuring

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

A&O advising as India’s Suzlon completes bond restructuring

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

Weil and Milbank take roles on AMC Theatre out-of-court restructuring

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

Alvarez & Marsal hires ex-Lehman Brothers Asia liquidator in Hong Kong

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

Katten Muchin team joins McDermott in Texas

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

08 July 2020

Baker McKenzie partner set to join Allen & Overy in Sydney

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

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