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Restructuring, Turnaround and Insolvency

Adapting to changing market conditions

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We offer leading expertise to businesses that are impacted by the continuing effects of low commodity prices and uncertainties in global markets. 

We are trusted advisors to some of the largest and most high profile debtors, lenders and insolvency practitioners, offering vast restructuring and insolvency expertise, alongside fully integrated contentious practice support.

Our team is also recognised for structuring novel special situation financings, working with special situation funds and other alternative capital providers and for supporting lenders and investors on non-performing loan portfolio transactions and distressed investment opportunities.

Our integrated restructuring, insolvency and disputes offering is a particular strength of the firm, allowing us to quickly mobilise highly-skilled, multi-disciplinary and multi-jurisdictional teams.

As such, we are trusted by a wide range of clients across many sectors, most notably including the energy, oil and gas and mining sectors, something that truly sets us apart from our peers.

Experience Highlights

Nortel administration

Advising Ernst & Young on the Nortel administration – one of the biggest restructuring mandates in the world. We are advising on all of the telecommunications equipment provider's EMEA entities across 34 jurisdictions. This multi-jurisdictional administration is one of the most complex administration filings ever undertaken in London, and represents the largest pan-European filing ever undertaken under the European Insolvency Regulations.

Senior Lenders Syndicate

Advised the Senior Lenders Syndicate on the restructuring of the I-MED Group, Australia’s largest, privately owned diagnostic imaging network. 

Centro Property Group and Centro Retail Trust

Acting on the refinancing of their bank facilities which involved the negotiation of facilities in both Australia and the US, the creation of a debt for equity hybrid instrument (representing $3 billion value) and the sale of various key assets

JJB Sports

Advising on a series of measures designed to create a stable financial platform for the revitalisation of its core sports retail business. They included the use of a ground breaking company voluntary arrangement (CVA) to effect a solvent restructuring

Ernst & Young

Advising on the administration of all of telecommunications equipment provider Nortel’s EMEA entities, involving 34 jurisdictions. This multi-jurisdictional administration is one of the most complex administration filings ever undertaken in London

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