Restructuring and Insolvency

Our Restructuring and Insolvency team works with a range of stakeholders on all aspects of corporate restructuring and insolvency to find practical solutions to challenging financial and business scenarios

We advise leading insolvency practitioners, major accountancy firms, domestic and foreign banks, NAMA, loan servicers and NPL funds on a regular basis. We also advise companies, creditors, shareholders and company directors on all aspects of corporate restructuring and insolvency. Our extensive expertise in national and cross-border insolvency matters includes examinerships, receiverships, liquidations (voluntary and involuntary), scheme of arrangements, SCARPs and bankruptcies.

Our services include advising insolvency practitioners on all aspects of their appointments, with particular expertise in acting for them before the Superior Courts. We also advise company directors on matters such as reckless trading, fraudulent trading, misfeasance and restriction or disqualification. We act for shareholders in exercising their legal rights against companies or directors who have engaged in wrongful conduct or minority oppression. We have significant experience in advising domestic and foreign secured creditors on their security enforcement and distressed asset recovery. We offer a team of specialists selected to meet the needs of each situation.

Relevant Experience

Advising BOC Aviation in obtaining judgment in excess of US$ 400m in the Commercial Court against a cargo-airline and logistics company (whose UBO is a Russian sanctioned individual) arising from the repatriation of aircraft to Russia in breach of grounding orders and lease obligations and obtaining a worldwide freezing order and the appointment of a receiver over shares in aid of execution of the judgment.

Advising a senior insolvency practitioner in successfully obtaining a permanent anti-suit injunction pursuant to a breach of contract in the Grand Court, Financial Services Division, Cayman Islands.

Advising the examiner in the Bombay Pantry examinership, as the first examiner to have his scheme receive court sanction under the new examinership regime following enactment of the European Union (Preventive Restructuring) Regulations 2022.

Advising a syndicate of international institutional secured lenders to Nordic Aviation Capital (largest regional aircraft lessor in the world) in relation to NAC’s restructuring through chapter 11 in the US.

Advising the indenture trustee with respect to a series of guaranteed noteholders claims in the examinership of Mallinckrodt Plc (noteholders claims of c. USD $1 billion).

Advising a number of significant creditors in the examinership of Norwegian Air.

Advising the security trustee for several series of unsecured notes (totalling approximately USD $7.4 billion) in the examinership of Weatherford International Plc.

Advising the investor in the examinership of Compu b.

Representing investors and fund service providers in litigation worth more than $1 billion arising from the Bernard Madoff fraud.