Work Area: Debt capital markets

Promotion roundup: Weil, Simpson Thacher, Cleary, White & Case and Interpath

Weil’s Houston office is gaining a new restructuring partner, Simpson Thacher is promoting in London, and Cleary is elevating a senior attorney in New York, as White & Case names four new partners across the US and Europe for 2024, and Interpath promotes two new directors.

28 November 2023

Former Skadden restructuring head launches boutique advisory firm

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Pre-pack pioneer and former longtime chair of Skadden Arps Slate Meagher & Flom’s global restructuring group Jay Goffman and former UBS global restructuring head Steve Smith have started what they tell GRR is a unique “pre-restructuring” advisory boutique in New York.

02 November 2023

NCBJ, Austin: ‘liability management is here to stay’

The stigma of liability management has gone and higher interest rates are driving a new wave of transactions, according to a panellist at the National Conference of Bankruptcy Judges’ annual conference in Texas.

18 October 2023

Brazilian airline settles restructuring with US$370 million offering

Shearman & Sterling, Pinheiro Neto Advogados and Nantes Mello Advogados have helped Brazilian airline Azul issue US$370 million worth of notes, allowing it to complete the restructuring of its obligations with several stakeholders.

16 October 2023

Linklaters leads UK’s Metro Bank in Sunday night refinancing deal

A team from Linklaters has helped the UK’s Metro Bank work out a weekend rescue deal with shareholders and noteholders that will see it raise £325 million in capital and refinance £600 million in debt.

09 October 2023

GRR Live returns to New York next week

There is still time to secure a spot at GRR Live in New York, which returns next week with a packed schedule covering the ongoing crypto fallout, post-insolvency financings in Latin America, growing headwinds for cross-border recognition and the new Cayman Islands restructuring officer regime.

15 September 2023

GRR Live returns to New York on 20 September

Bringing together top speakers from the international insolvency circuit, GRR Live is returning to New York with a packed day covering global developments in distressed financing, growing headwinds for cross-border recognition, commercial real estate turmoil and the ongoing crypto fallout.

25 August 2023

BVI court rejects Cayman Shinsun precedent

A British Virgin Islands judge has found that the ultimate beneficial owner of New York law-governed notes issued by a Chinese property developer has standing to present a winding up petition against it as a contingent creditor, declining to follow the recent Shinsun decision from the Cayman Islands.

09 August 2023

Baker McKenzie poaches LatAm team from Paul Hastings

Baker McKenzie has nabbed a trio of partners and an of counsel with restructuring experience from Paul Hastings, strengthening its Latin American offering.

20 June 2023

Outcome of Serta Simmons uptiering transaction was “the only correct result”, Texas court rules

“Sophisticated financial titans engaged in a winner-takes-it-all battle. There was a winner and a loser”. North American bedding group Serta Simmons has secured approval of its “extraordinarily complex” Chapter 11 plan, after a Texas judge rejected objections from lenders who argued a 2020 liability management transaction the debtor engaged in breached an implied covenant of good faith.

08 June 2023

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