Work Area: Debt capital markets

S&P Global credit outlook report predicts doubling default rates as recessions loom in mid-2023

Economies that have exhibited short-term resilience to increasingly difficult macro-economic circumstances may begin to buckle in mid-2023, a new report from ratings agency S&P Global predicts, as sovereign states and banks find it hard to manoeuvre the current strains on credit.

06 December 2022

Hellas bondholders allowed to bring New York fraud claims after decade-long pursuit

After 11 years of trying, an assignee of certain Hellas bondholders has finally been allowed to pursue claims against the group’s former private equity investors, who it claims forced the Greek telecoms company to “commit business suicide” by overleveraging itself to pay them billions in dividends.

28 October 2022

Kirkland advises gambling group bondholders on asset reinstatement deal

Kirkland & Ellis is advising noteholders of Estonian casino and gaming operator Olympic Entertainment Group on the terms of a restructuring that tightens the notes’ covenants and reinstates certain assets hived out from the group in 2020.

15 February 2022

GLAS hires former Greensill general counsel and VP

Debt administration services group GLAS has expanded in the US, hiring a lawyer and fintech specialist from insolvent trade finance group Greensill.

03 February 2022

Cleary assists as Mexico’s Pemex refinances debt

Mexico’s state-owned oil group Pemex and the country’s Ministry of Finance have relied on Cleary Gottlieb Steen & Hamilton for a refinancing that will reduce the company’s debt by US$3.2 billion.

11 January 2022

ESG debt: what restructuring professionals should expect

Associate Katie Crispi at Faegre Drinker Biddle & Reath in London explains why restructuring professionals should be paying close attention to the evolution of sustainable debt.

07 October 2021

US not liable for Puerto Rico bond losses

The US Court of Federal Claims has rejected claims from a group of Puerto Rico pension bondholders that the US government should compensate them for losses incurred during the territory’s US$120 billion bond and pension debt restructuring.

26 November 2020

Ogier hires from NautaDutilh in Luxembourg

Offshore firm Ogier has appointed a former NautaDutilh partner in New York to its Luxembourg banking and finance team.

18 September 2020

Mayer Brown hires partner from K&L Gates in London

The former EMEA practice group coordinator for K&L Gates’ restructuring and insolvency group has joined Mayer Brown in London, continuing the firm’s recent hiring spree.

02 September 2020

Sandton Capital strengthens in London and Paris

European private equity and special situations investor Sandton Capital Partners has recruited former EY restructuring executive Jordan Kay in London and ex-THM Partners senior associate Emmanuel Atlan in Paris.

08 July 2020

Unlock unlimited access to all Global Restructuring Review content