g36 2015 - insol international g36 brochure 2015 - modified... · to achieve the goals of insol...
TRANSCRIPT
2015
To achieve the goals of INSOL International, The Group of Thirty-Six wasformed as the principle sponsorship vehicle for its activities. The memberfirms provide significant ongoing financial support to INSOL to enable INSOLto carry out its collaboration on major projects such as those listed below:
• The World Bank Principles and Guidelines for Effective Insolvency Systems• UNCITRAL Model Law on Cross-Border Insolvency• UNCITRAL Legislative Guidelines on Insolvency Law• IMF Report on Efficiency Insolvency Procedures• Group of Thirty Report on “International Insolvencies in the Financial Sector”• Group of Thirty Report on “Reducing the Risks of International Insolvency”• UNIDROIT Convention on International Security Interests• G22 Key Principals and Features For Insolvency Regimes
In addition, the Group of Thirty-Six has enabled INSOL to publish:
• A Global Approach to Multi-Creditor Workouts• Consumer Debt Report I & II• Directors Liabilities and Disqualification – The Twilight Zone Volumes I, II, III & IV• Review of the Global Insolvency Marketplace• Cross-Border Insolvency a Guide to Recognition and Enforcement I & II• Employee Entitlements• Bank Insolvency, An International Guide for Deposit Insurers• Financing in Insolvency Proceedings• Credit Derivatives in Restructuring• Treatment of Secured Claims in Insolvency and Pre-Insolvency Proceedings• Claims Presentation and Resolution in Insolvency Proceedings• Financial and Tax Consideration for Distressed Companies and their Creditors• INSOL Technical Paper Series• Creditors’ Rights in Insolvency Proceedings: A Practical Guide for SmallerPractices
• Avoidance of Antecedent Transactions and Cross-Border Insolvency• Guide to Islamic Finance
Contents
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AlixPartners LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2Allen & Overy LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Alvarez & Marsal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Baker & McKenzie LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5BDO LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6BTG Global Network . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Cadwalader, Wickersham & Taft LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Chadbourne & Parke LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9Clayton Utz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Cleary Gottlieb Steen & Hamilton LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Clifford Chance LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Davis Polk & Wardwell LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13De Brauw Blackstone Westbroek . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14Deloitte LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15Dentons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16DLA Piper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17EY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18Ferrier Hodgson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Freshfields Bruckhaus Deringer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Goodmans LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21Grant Thornton . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22Greenberg Traurig LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23Hogan Lovells . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24Huron Consulting Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25Jones Day . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26Kaye Scholer LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27King & Wood Mallesons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28Kirkland & Ellis LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29KPMG LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30Linklaters LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31Morgan Lewis & Bockius LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32Norton Rose Fulbright . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33Pepper Hamilton LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34Pinheiro Neto Advogados . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35PPB Advisory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36PwC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37Rajah & Tann Asia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38RBS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39RSM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40Shearman & Sterling LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41Skadden, Arps, Slate, Meagher & Flom LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42South Square . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43Weil, Gotshal & Manges LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44White & Case LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45Zolfo Cooper LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
INSOL wishes to thank the members of the Group of Thirty-Six for their continued support.
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Lisa Ashe – [email protected]+44.20.7098.7527
Michael Baur – [email protected]+49.89.203.04059
Yung Chung – [email protected]+82.2.3782.4541
Lisa Donahue – New [email protected]+1.212.297.6329
Masahiko Fukasawa – [email protected]+81.3.5533.4850
AI Koch – [email protected]+1.248.262.8430
Luca Ramella – [email protected]+39.02.360.12082
Larry Young – [email protected]+1.214.647.7610
AlixPartners is a leading global restructuring and business advisory firm of results-orientedprofessionals who specialize in creating value and restoring performance at every stage of thebusiness lifecycle. We have been retained as restructuring advisor and/or interim managementin some of the most important multinational reorganizations in history, including the PuertoRico Electric Power Authority (PREPA), Kodak, Calpine, TORM, Dubai World, Ish GmbH, andGeneral Motors to name only a few. We thrive on our ability to make a difference in high-impactsituations and deliver sustainable, bottom-line results.
Our clients comprise large and middle market companies and their constituents, who retainus as restructuring advisor, interim management, or financial advisor to creditors or banks.
What Makes Us DifferentOur optimistic, “get it done” culture in the face of high-impact situations is part of ourDNA, with our firm’s roots in the value-creation business model we pioneered more thanthree decades ago. In a world where every business decision really matters, three keydifferentiators set us apart in the industry:
Strong Winning CultureOur professionals thrive on achieving excellence by overcoming roadblocks, solvingcomplex problems, and exceeding our clients’ expectations.
Speed To ResultsWe deliver results, not just reports, and focus on making an immediate and sustainabledifference.
Performance Over PromisesWe measure our performance by the only metric that matters - our clients’ success.
The firm has offices in North America, Europe, Asia, and the Middle East. We continue to be thefirm companies turn to for their most challenging restructuring and insolvency issues. Recentawards and recognitions include:
• The Turnaround Management Association (TMA) awarded AlixPartners the “Turnaroundof the Year-Mega Company” award for the firm’s restructuring work on behalf of EastmanKodak Co.
• The Global M&A Network awarded AlixPartners the “Chapter 11 Reorganization of theYear: Large Markets” for the firm’s work on Patriot Coal Corp.
• The German business magazine brand eins, in its 2014 ranking of the best consultingfirms in Germany, ranked AlixPartners No. 1 in interim management, No. 2 in restructuringand No. 3 in the chemicals and pharma sector.
For more information, visit alixpartners.com.
Contacts
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Allen & Overy LLPOne Bishops SquareLondon E1 6ADT: +44 20 3088 0000www.allenovery.com
KEY GLOBAL CONTACTS Ian FieldHead,Global Restructuring GroupT: +44 20 3088 2671E: [email protected]
Mark SterlingManaging Partner,Global Restructuring GroupT: +44 20 3088 2662E: [email protected]
UNITED STATES Ken Coleman New YorkT: +1 212 610 6434E: [email protected]
EUROPE Gordon StewartT: +44 20 3088 2701E: [email protected]
Earl GriffithLondonT: +44 20 3088 2635E: [email protected]
Peter HoegenFrankfurtT: +49 69 2648 5905E: [email protected]
Rod CorkParisT: +33 1 40 06 53 71E: [email protected]
ASIAIan PowellHong KongT: +852 2974 7133E: [email protected]
Richard WoodworthHong KongT: +852 2974 7208E: [email protected]
MIDDLE EASTChristian Saunders DubaiT: +971 4 426 7106E: [email protected]
Allen & Overy is one of the world’s leading law firms. Ourcommitment to helping our clients deliver on their ownglobal strategies has seen us build a truly global network.Since opening our doors in London in 1930, we now have44 offices globally, and over 5,000 people and 526partners in 30 countries. This network, combined with ourpartnerships with local firms in over 100 locations wherewe do not have a presence, has allowed us to become oneof the largest and most connected law firms in our peergroup. With a global reach and local depth that is simplyunrivalled, we bring new and innovative ways of thinking tothe increasingly complex legal and commercial challengesour clients face.
Global reach, local depth.
With more than 130 lawyers across our network dedicatedto restructuring and insolvency work, we specialise incross-border refinancings, restructurings and insolvencies,utilising the full range of international options. Our teamregularly advises significant stakeholders on the largestand most complex insolvency and restructuring relatedmatters across Europe, the United States and the MiddleEast. In addition, our Asian practice assists bothmultinational and regional clients in often challengingemerging markets. We work closely with specialists inrelated practice areas, including finance, corporate,employment, pensions, tax, environmental, regulatory,capital markets, and litigation, in a truly integrated way.This approach delivers innovative and effective results toour clients from every single part of the capital structure.
At the cutting edge.
Being at the forefront of the market is part of who we are.While many members of our team are widely recognisedas leading individuals in insolvency and restructuring, it isour ability to work as one team across multiple jurisdictionsthat truly sets us apart.
“Allen & Overy is recognised for its ability to co-ordinateinternally, providing clients with seamless representationspanning numerous specialisms.” Chambers UK 2014, Restructuring/Insolvency
“Very high-quality work and a strong commitment from theteam. The lawyers are very proactive and really look atgetting the deal done”.Chambers Europe-wide 2014, Restructuring/Insolvency
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www.alvarezandmarsal.com
OverviewDrawing on A&M’s distinctive restructuring heritage since inception in 1983, companies andstakeholders around the world look to Alvarez & Marsal for leadership, problem solving and valuecreation when the stakes are high.
Alvarez & Marsal Global Services
• Turnaround and Restructuring: A&M draws from its hands-on approach and relentless focuson execution and results. We deliver specialist operational, consulting and industry expertise tomanagement and investors seeking to accelerate performance, overcome challenges, catapultgrowth and maximise value across the corporate and investment lifecycles.
• Interim and Crisis Management: A&M acts on an interim basis to fill critical managementvacancies such as Chief Executive Officer, Chief Restructuring Officer and Chief Financial Officer,to help guide companies through crises and other challenging business or economic environments.
• Business Performance Improvement: A&M’s mission has always been to improve operating andfinancial performance and accelerate positive change, whether serving as trusted advisors or ininterim management roles. Working with Global 1000 and FTSE 100 companies, A&M bringsa hands-on, activist approach to affect positive change to people, processes and operations.
• Transaction Advisory: While making an investment or exiting one, A&M delivers financial,operational, commercial and accounting due diligence services to private equity firms, hedge fundsand corporate acquirers. With an integrated approach, A&M works with clients to analyse, identifyand evaluate the impact that key factors will have on investment theses and transaction values.
• Global Forensic and Dispute Services: A&M sets the standard for delivering results on complexmatters. Our diverse group of professionals possesses deep financial, accounting, economic,regulatory, industry and technology expertise. A&M also supports companies in developing andimplementing business-focused cyber security strategies and programs that respond to andsupport their changing needs.
• Tax Advisory: Alvarez & Marsal Taxand’s independent and experienced tax professionals inthe US and UK provide responsive and comprehensive tax advice to clients in a broad range ofindustries. We offer multinational clients a choice in tax advisors without audit-based conflictsof interest. A&M is a founding member of Taxand, the world’s largest independent organizationof leading tax advisors in nearly 50 countries.
• Valuation Services: A&M delivers an integrated approach to public and privately held firms in needof world class financial and tax reporting, purchase price allocations and impairment-testing relatedto financial statements, enterprise valuations, fairness and solvency opinions, valuations ofderivatives / options, private equity / portfolio valuations and shareholder value analysis.
• Regulatory and Risk Management: A&M provides independent insight to evaluate regulations,risk, compliance, capital and liquidity issues to develop effective, practical solutions in a timelymanner. Our proven professionals bring interdisciplinary expertise and much needed tactical andstrategic skills to help financial institutions address these challenging times, as well as prepareto maximise economic and regulatory challenges.
• Corporate Governance: A&M works quickly to assess an organisation’s corporate governanceperformance and risk profile providing unparalleled experience supervising business effectiveness,while overseeing enterprise risk management. A&M also brings crisis and succession planningto corporate boards and executives.
• Executive Compensation and Benefits: A&M develops and implements targeted executivecompensation and benefit programs to help clients attract and retain top talent. Focusing on cashcompensation, qualified benefits, supplemental nonqualified executive benefits and equityarrangements, we help align management and performance objectives.
IndustriesAutomotive and Suppliers, Consumer Packaged Goods, Energy, Financial Services, Healthcare, HighTech, Insurance, Manufacturing, Media and Entertainment, Private Equity, Public Sector, Real Estate,Retail, Transportation and Infrastructure.
Offices throughout the Americas, Europe, Asia and the Middle East. For more information, pleasevisit www.alvarezandmarsal.com.
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Baker & McKenzie has been global since inception. Being global is part of our DNA.Baker & McKenzie defined the global law firm in the 20th century, and we are redefining it to meet the challenges of the global economy in the 21st. Our difference is the way we think,work and behave – we combine an instinctively global perspective with a genuinely multiculturalapproach, enabled by collaborative relationships and yielding practical, innovative solutions andadvice. Serving our clients with more than 4,200 lawyers across 77 offices in 47 countries, wenever lose sight of the culture of business the world over and are able to bring the talent andexperience needed to navigate complexity across practices and borders with ease.
Strategic services for specific needsOur global Restructuring & Insolvency team has a deep understanding of the local and cross-border issues arising in all types of restructurings and recoveries. The team is ideally suited totoday’s business climate where financial restructurings are rarely confined to one jurisdiction. Withrestructuring and insolvency practitioners located across the globe, we can mobilise teams quicklyand seamlessly across borders, time zones, markets and cultures to meet our clients’ needs.
We offer cutting-edge and innovative legal and strategic solutions to complex cases. Our teamregularly represents secured lenders and other secured creditors, creditors’ committees, corporatedebtors, investors, insurance companies, equity holders and bankruptcy trustees in crafting soundand practical solutions across practices and industries in actual or anticipated financial difficulties.
We also assist companies in protecting their contractual relationships against insolvency relatedrisks of customers, suppliers and other business partners. We provide advice during contractnegotiations and support clients in pursuing their rights after their business partners have filedfor insolvency.
Recent work has included:
• advising on the high profile receivership of 30 St. Mary Axe, London’s iconic building‘The Gherkin’;
• advising a leading US financial institution in the cross-border Saad Investments insolvenciesin the Cayman Islands, Switzerland and Bahrain, with related litigation in New York;
• acting for a publicly held, US hedge fund on matters relating to the Australian insolvencyproceedings of Octaviar Administration Pty Ltd, including claw back litigation in Queensland,Australia, related litigation in New York and the representation of the successful appellant inDrawbridge Special Opportunities Fund LP v Barnet, 2013 BL 341634 (2d Cir Dec. 11, 2013)in which the United States Court of Appeals for the Second Circuit established eligibilityrequirements with which representatives of foreign debtors must comply to use the UScross-border bankruptcy law (Chapter 15);
• advising Catalunya Banc on high profile insolvency proceedings in Spain involving Pescanova.
Key Global Contacts
David Heroy Ian JackGlobal R&I Group Co-Chair Global R&I Group Co-Chair452 Fifth Avenue, New York, NY 10018 100 New Bridge Street, 300 East Randolph Street, Chicago, IL 60601 London, EC4V 6JAT: +1 212 626 4228 / +1 312 861 3731 T: +44 20 7919 1700E: [email protected] E: [email protected]
www.bakermckenzie.com www.bakermckenzie.com
BDO GloballyAs the world’s fifth largest accountancy network, we offer the full range of service offerings required bynational and international businesses. The BDO International network has 60,000 people in 1,350 offices in 151 countries, a single network of offices all bound by the same dedication to client service.
BDO Business Restructuring GloballyWe have an established network of relationships across the BDO International network which allows us toprovide seamless advice across borders. Strong personal relationships throughout the network facilitate cross-border transactions supported by a regular flow of international assignments and communications.Many of our partners have spent time working in other jurisdictions and have developed a strongunderstanding of the issues which arise when businesses in distress operate in more than one country.
How we help our clientsWe bring together expertise from across the breadth of the firm offering pragmatic advice and tailoredsolutions, working closely across service lines, sectors and countries. We offer flexibility, quality service and a results orientated approach.
Restructuring AdvisoryWe offer a full range of restructuring advice aimed at keeping companies out of formal insolvency, to maximisevalue. This includes hands-on short term cash management, independent business reviews and the provisionof board level support. We provide partner-led advice to corporates, their lenders and other stakeholdersthroughout the restructuring process, including on optimal capital structures.
InsolvencyWe are able to act as insolvency office holders in all types of formal insolvencies. We work with our clients to maximise value where formal insolvency is needed, including in order to execute restructurings.
Restructuring M&AWe have a dedicated team with the experience and skills to sell businesses under financial distress, with a track record of preserving value. We also frequently act for buyers of distressed businesses, providing anintegrated due diligence, tax and structuring solution.
Operational AdvisoryWe have a team of industry specialists who work with our clients to provide hands-on profit and working capitalimprovement.
Debt AdvisoryWe can advise on sources of finance, from asset-based lending to larger syndicated facilities. We also providesupport to our clients for the renegotiation of facilities and their terms.
Pensions AdvisoryWe have a market-leading pensions advisory team, including financial advisers and actuaries. Our servicesinclude: employer covenant advice for scheme funding reviews/transactions, as well as scheme de-riskingsolutions.
Contentious InsolvencyOur Contentious Insolvency team act in a wide range of insolvencies where asset recoveries are neededthrough litigation. These cases often take a number of years to resolve. We are able to act with the flexible feestructures often required in such cases, and can also arrange legal/adverse cost cover on a similar basis.
Corporate StreamliningWe act for a range of businesses, including multinationals, to streamline their corporate structures usingsolvent liquidations and similar. We have a market leading team dedicated to this service.
Personal InsolvencyWe have a specialist Personal Insolvency team, who act for a wide variety of clients on bankruptcies, voluntaryarrangements and trust deeds.
Real Estate RecoveryWe have extensive experience of real estate restructurings and insolvencies, across property investment,developments and property-backed businesses.
International contacts
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Asia PacificJohnson Kong+852 2218 [email protected]
AustralasiaAndrew Fielding+61 7 3237 [email protected]
British Virgin IslandsDarren Reeds+1 284 494 [email protected]
CanadaBlair Davidson+1 416 369 [email protected]
EuropeDavid Fletcher+44 (0)20 7893 [email protected]
Middle EastJon Breach+971 4 439 [email protected]
USADavid Berliner+1 212 885 [email protected]
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BTG Global Network (BTG GN) is the premier global network of professionals
working with underperforming or declining businesses.
BTG GN is multi-disciplinary, offering a broad range of professional services
necessary to provide solutions to business problems. Its members include
lawyers, insolvency practitioners, accountants, forensic investigators, corporate
financiers, performance improvement consultants, turnaround and restructuring
managers and tax advisors amongst other specialisms.
Our members are leading players in their markets and have an international
outlook, which reflects the increasingly global nature of business.
By providing a comprehensive world-wide “one stop shop” to their clients,
BTG GN’s members can offer cost-effective, value adding, local market-based
restructuring services. Clients no longer need to be concerned about the
cost, delay and distraction of briefing a range of different professionals for
a single assignment.
BTG Global Networkwww.btg-globalnetwork.com
31st Floor, 40 Bank Street, Canary Wharf, London, E14 5NR.
Nigel AtkinsonExecutive Chairman
T: +44 (0)20 7516 1500E: [email protected]
www.btg-globalnetwork.com
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Cadwalader, Wickersham & Taft LLP
One World Financial Center, New York, NY 10281
T: +1 212 504 6000F: +1 212 504 6666 www.cadwalader.com
The FirmCadwalader, Wickersham & Taft LLP, founded in downtown New York in 1792, is proud of more than 200 years of service to many of the world’s most prestigious institutions. Our rich history andparticipation in many significant social, economic, and legal issues accompanying the growth of theUnited States have led us to also become one of the world’s most prominent counselors to leadingcorporations and financial institutions operating around the globe. With more than 450 attorneys in eight offices, we offer our clients innovative solutions to legal issues in a wide range of areas.
Services Offered Cadwalader’s premier restructuring, bankruptcy, insolvency and workout group of more than 35 attorneys possesses significant domestic and cross-border expertise. Our dedicated professionalsin the U.S. and the U.K., including many recognized leaders in the field, advise clients with interests in North America, Europe, Asia, Latin America and Africa. We represent debtors, secured andunsecured lenders, bondholders, creditors’ committees, borrowers, asset purchasers, and otherentities involved in distressed situations, including assisting them in developing bankruptcy sensitiveproducts, structuring deals to preserve and enhance value, documenting and negotiatingtransactions, managing complex reorganizations, and advocating on their behalf in bankruptcylitigation.
Recent AssignmentsCadwalader has had leading roles in many of the largest and most influential recent restructuringmatters, including those involving Centerbridge Partners, Avenue Capital Group, GSO CapitalPartners, Oaktree Capital Management, Varde Partners, Golden Tree Asset Management, BluebayAsset Management, MBIA Insurance Corporation, Davidson Kempner, Outrider Management, GLGPartners, Warwick Capital, Alchemy, Finnisterre Capital, Assured Guaranty, and The Amsterdam atHarborside. The team is widely recognized by independent commentators, legal directories and themedia for innovative work. The team has been the recipient of numerous awards and honors,including the IFLR Americas Awards 2014 Restructuring Deal of the Year, The American Lawyer2014 Global Finance Deal of the Year for CEDC International Finance, and having been namedamong the Top 50 Innovative Law Firms in Europe by the Financial Times.
Global CapabilitiesCadwalader also provides clients with a powerful presence in Europe and Asia. Our London solicitorsserve clients interested in capitalizing on European and worldwide markets, as well as those seekingU.S.-style services and access to the American capital markets. They are well versed not only inEnglish law, but also in all aspects of European community law, and routinely represent clientsinvolved in multi-jurisdictional transactions throughout the region. Cadwalader has been heralded as having one of the top financial restructuring teams in the U.K. and is widely recognized as havingplayed a pioneering role in European restructurings. From our office in Brussels, we advise clients on all aspects of EU law and policy. Similarly, through our Beijing and Hong Kong offices, we providepremier legal services to leading U.S. and U.K. financial institutions and multinational companiesdoing business and investing in Asia, and to Asian-based entities in their international businessactivities and investments in the U.S. and throughout the world.
Contacts:
UKGregory M. PetrickCo-Chair, Financial Restructuring DepartmentTel: +44 (0) 20 7170 [email protected]
USMark C. Ellenberg Co-Chair, Financial Restructuring DepartmentTel: +1 202 862 [email protected]
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The Firm
Chadbourne & Parke LLP is an international law firm with 11 offices around the world. Since itsfounding in 1902, Chadbourne has been dedicated to providing practical business solutions to a diverse range of clients in virtually every area of law.
Chadbourne’s Insolvency and Restructuring Practice
Chadbourne & Parke LLP is a leader in international and cross-border restructurings. Our groupwas recognized as one of the leading firms in the bankruptcy/ restructuring area in ChambersGlobal and Chambers USA noting that the firm “brings specific expertise in international andcross-border restructurings” and is “particularly skilled in advising on chapter 15.”
Types of Assignments
Cross-Border: Chadbourne has brought more ancillary bankruptcy proceedings than any otherfirm. Howard Seife, the head of the practice, was recognized by The Deal’s Bankruptcy Insideras “the top-ranked U.S. lawyer to foreign debtors.” The firm obtained chapter 15 recognition forproceedings from numerous jurisdictions, including England (Oilexco North Sea Limited andHellas Telecommunications), Australia (A.B.C. Learning Centres and Octaviar Administration PtyLtd.), Bermuda (Bluepoint Re), the BVI (Pioneer Freight Futures) and Ireland (Chartis Excess).
Energy: Chadbourne represents NextEra Energy in its potential acquisition of Oncor in the chapter11 bankruptcy of Energy Future Holdings. We also represented NextEra in its purchase of theworld’s largest solar power project in the Solar Trust of America chapter 11. The firm was counselfor AES Corporation in connection with the chapter 11 of its subsidiary, AES Eastern Energy, andrepresented the agent banks with credit facilities of over $4 billion in the Mirant chapter 11.
Investigations: Chadbourne represented former chief bankruptcy judge (SDNY) Arthur Gonzalez,in his role as court-appointed examiner, to conduct the massive investigation in the ResidentialCapital chapter 11.
Municipal Restructurings: The firm has represented major creditors in every significant municipalrestructuring, including the chapter 9 cases of Detroit and Jefferson County. The Legal 500 hasnamed the firm a “first tier firm” in municipal bankruptcy.
Creditor Committees: Representation of creditors’ committees in large and complex chapter 11 cases and out-of-court restructurings. Major committee representations include TribuneCompany, Spiegel, Inc./Eddie Bauer Inc., ACA Financial Guaranty, and Parmalat USA Corp.
For further information contact:
New York
Howard Seife,Global Department Chair +1 (212) 408-5361 [email protected]
David M. LeMay +1 (212) 408-5112 [email protected]
N. Theodore Zink +1 (212) 408-5356 [email protected]
Lawrence A. Larose +1 (212) 408-1140 [email protected]
Samuel S. Kohn +1 (212) 408-1060 [email protected]
Douglas E. Deutsch +1 (212) 408-5169 [email protected]
Andrew Rosenblatt +1 (212) 408-5559 [email protected]
London
John Verrill +44 (207) 337-8055 [email protected]
www.chadbourne.com
Contacts
Scott Sharry (INSOL G36 contact,+61 7 3292 7542,[email protected])
Karen O’Flynn (National PracticeGroup Leader - R&[email protected])
Jennifer Ball
Cameron Belyea
Zac Chami
Brett Cook
David Cowling
Alistair Fleming
Paul James
Gareth Jenkins
Brigitte Markovic
Orla McCoy
Nick Poole
Office locations
Brisbane
Canberra
Darwin
Melbourne
Perth
Sydney
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Clayton Utz, Tel: (+61) 2 9353 4000
THE FIRMFor over 180 years, our confident approach to complex transactions and litigationhas seen us grow to become Australia’s leading independent law firm. With over180 partners and more than 1,200 employees across six offices, we continue tobuild our reputation for innovative and incisive legal advice.
With a genuine commitment to client service, we are trusted advisers to a diversebase of private and public sector organisations. We are also a global leader in probono, with one of the largest pro bono practices of any law firm outside of the US.
Our relationships with leading firms around the world means our clients can beconfident they have access to the best possible advice, wherever and wheneverthey need it.
OUR RESTRUCTURING AND INSOLVENCY EXPERTISE
Helping clients get from red to blackWhen a restructuring or insolvency gets complicated, we’re there to help clientswork it out.
Recognised for our extensive industry knowledge and the depth of ourexperience, our team has worked on some of the most challenging mattersacross a range of industries. Combining this knowledge and our legal expertise,we help clients develop strategies that suit their particular business aims.
Unravelling complexitiesWe see the issues from all angles, so administrators, liquidators, receivers, securedcreditors and distressed companies get comprehensive advice they can use.
Overcoming market challengesWe love a challenge. Having been retained in lead roles in many of the mostsignificant R&I matters in Australia, we know how to develop the right solutions to minimise the impact of a restructuring or insolvency.
As the market changes, we adapt too. Our clients trust us to guide them throughwhatever difficulties they face and help them reach favourable conclusions.
AWARDS AND MARKET RECOGNITION IFLR 1000 - The guide to the World’s Leading Financial Law Firms: In the 2012- 2014 editions, our R&I practice was ranked Tier 1 and five of our partners werenamed as leading lawyers.
Euromoney Legal Media Group Australasia Women in Business Law Awards:Jennifer Ball won 2014 Best Lawyer for Insolvency and Restructuring; KarenO’Flynn won the award in 2012 and was named as a finalist in 2013 and 2014.Orla McCoy was also named a finalist in 2014.
Asia Pacific Legal 500 and Chambers Asia Pacific: A number of our partnerscontinue to be recognised as leading practitioners in their field.
Sources say: “They’ve done an excellent job and we have worked extremely closelywith them. I would absolutely use them again.” Chambers Asia Pacific 2013
“Clayton Utz attracts praise for ‘first rate response times’, ‘excellent industryknowledge’ and ‘strong depth’.” Asia Pacific Legal 500 2013
Another client says: “Clayton Utz are excellent. The quality and expertise of thelawyers are a constant with the firm. They are responsive, are always able tobring the required technical knowledge to the table and have competent, capableand understanding partners on every matter.” IFLR 1000 2013
www.claytonutz.com
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Cleary Gottlieb’s global restructuring and bankruptcy practice remains at the forefront of the mostcomplex restructurings, consistently delivering sophisticated, effective and imaginative advice toclients the world over. Offering seamless access to each of our offices in the United States, LatinAmerica, Europe and Asia, we are uniquely qualified to manage transnational restructurings,combining cross-border expertise together with an appreciation of local sensibilities. The deep tiesthat we have formed around the world allow our lawyers to understand both the legal and culturallandscapes of highly complex, multi-jurisdictional restructurings. Clients appreciate the rigor of ourapproach, with our lawyers employing tough, analytical and outside-the-box thinking to structurecreative solutions.
We continue to play central roles in the highest profile Chapter 11 proceedings within the UnitedStates and the largest private restructurings outside of the United States. Our precedent-settingsovereign practice represents numerous governments in their debt renegotiations and liabilitymanagement transactions, most recently advising Greece, Argentina, Iraq, Belize and Iceland.Creditors and other key stakeholders regularly look to us for assistance in dealing with their mostdifficult restructuring problems, whether in or out of court. Moreover, with our top-ranked M&A andtax practices, we provide invaluable strategic and transactional advice to both buyers and sellers,including some of the world’s leading financial institutions, private equity firms, hedge funds, and public and private corporate acquirers. We are market leaders in the intersections of U.S.bankruptcy, securities, intellectual property and tax laws. If matters get contentious, clients rely onour substantial experience in litigating insolvency-related matters before federal courts throughoutthe United States, and before European national courts and the courts of the European Union.
For further information contact:
North America
Europe
Latin America
Asia
www.clearygottlieb.com
Lee C. Buchheit Tel: 212 225 2810 Email: [email protected]
Lindsee P. GranfieldTel: 212 225 2738Email: [email protected]
Lisa M. Schweitzer Tel: 212 225 2629Email: [email protected]
Luke A. BarefootTel: 212 225 2829Email: [email protected]
Seth GrosshandlerTel: 212 225 2542Email: [email protected]
James L. BromleyTel: 212 225 2264Email: [email protected]
Sean A. O’Neal Tel: 212 225 2416Email: [email protected]
Fabrice BaumgartnerTel: 33 1 40 74 68 53Email: [email protected]
Roberto BonsignoreTel: 39 02 7260 8230Email: [email protected]
David J. BillingtonTel: 44 20 7614 2263Email: [email protected]
Andrew ShutterTel: 44 20 7614 2273Email: [email protected]
Hanno SperlichTel: 49 69 97 10 31 70Email: [email protected]
Richard J. CooperTel: 212 225 2276Email: [email protected]
Francisco L. CesteroTel: 55 11 2196 7201Email: [email protected]
Andrés de la CruzTel: 54 11 5556 8901Email: [email protected]
Adam BrennemanTel: 212 225 2704Email: [email protected]
Sang Jin HanTel: 852 2532 3761Email: [email protected]
Clifford Chance LLP10 Upper Bank Street, Canary Wharf, London E14 5JJ
The FirmClifford Chance is one of the world’s pre-eminent law firms, with significant depth and range ofresources across five continents.
Our Restructuring practiceOur dedicated and award-winning Restructuring and Insolvency team is made up of experiencedspecialists whose pragmatism has earned its strong reputation for delivering commercial results packagedinto one seamless service. We specialise in complex multi-jurisdictional restructurings and insolvencieswith dedicated resources in the key European jurisdictions, the US and Asia, in addition to havingexpertise in the emerging market jurisdictions. The depth and breadth of the team’s experience meansthat it is able to provide strategic advice and technical expertise to creditors, lenders, funds, coordinatingcommittees, private equity sponsors, insolvency practitioners and debtors alike.We provide restructuring and finance expertise across a full spectrum of products and structures andaccess to partners who specialise in areas which often prove pivotal in distressed situations, such asfinance, litigation and dispute resolution, regulation, real estate, pensions, tax and derivatives. In recenttimes we have been involved in advising on some of the most important restructurings and insolvenciestaking place across the globe, including Seat PG SpA, Saur, Apcoa, Imtech, Vivacom, Mercator, CEMEX, Dubai World, Drydocks World, Co-Operative Bank, Colonial, Southern Cross, Punch Taverns,Independent News & Media, Metrovacesa and PRISA.
Recognised leaders in our field• Restructuring and Insolvency Team of the Year – IFLR Europe Awards 2014• Restructuring and Insolvency Deal of the Year for SAUR – IFLR Europe Awards 2014• European Restructuring Deal of the Year Award for SEAT Pagine Gialle SpA – IFLR Europe Awards 2013• Restructuring Deal of the Year Award for SAUR – Magazine des Affaires 2013• Restructuring & Insolvency Law Firm of the Year, Czech Republic – Epravo Awards 2013• Restructuring & Insolvency Team of the Year – Legal Week Corporate Counsel Middle East Awards 2013• Restructuring Team of the Year and Restructuring Deal of the Year for KCA Deutag – IFLR Europe Awards 2012• Restructuring Team of the Year, Saudi Arabia – IFLR Middle East Awards 2013• Restructuring Deal of the Year and Restructuring Team of the Year for Lehman Brothers minibonds – IFLR Asia Awards 2012• Restructuring Team of the Year for Southern Cross – Legal Business Awards 2012“Market standing: "They provide market-leading advice, as the restructuring team are at the forefront ofcurrent restructurings in Europe." Elite London Firm – Chambers UK 2014: Restructuring/Insolvency“Bench strength: "Amazing global network. You always get the best of the firm globally." Band One – Chambers Global 2014: Restructuring/Insolvency “I appreciate the team’s experience both locally and internationally. The firm’s access to other jurisdictions is a real strength as our work tends to be cross-border."Band One – Chambers Europe 2014: Restructuring/Insolvency
For further information, please visit: www.cliffordchance.com/legal_area/restructuring_insolvency
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Contacts
UKPhilip Hertz Tel: +44 20 7006 [email protected]
David SteinbergTel: +44 20 7006 [email protected]
AsiaMark Hyde Tel: +852 2825 [email protected] Scott BacheTel: +61 28922 [email protected]
AmericasAndrew BrozmanTel: +1 212 878 [email protected] C. DeMarcoTel: +1 212 878 8125
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“[Davis Polk] has particular skill in handling international bankruptcycases and advising major financial institutions on filing ‘living wills’ incompliance with the Dodd-Frank Act.” – Chambers USA 2014
The FirmDavis Polk & Wardwell LLP is a global law firm with approximately 800 lawyers in 10 offices worldwide. For more than 160 years, we have advised industry-leading companies and global financial institutions on theirmost challenging legal and business matters.
Davis Polk’s Insolvency and Restructuring PracticeAs one of the only firms in the world with both a leading debtor-side practice and a leading lender-sidepractice, we represent a wide range of clients, including companies in need of financial restructuring, leadingfinancial institutions and hedge funds, investors, acquirers, business partners, trustees, administrators andreceivers in connection with the largest and most complex insolvencies and restructurings, as well as inconnection with acquisitions of distressed companies, debtor-in-possession financings and exit financings.
We have been the leading U.S.-based global law firm working, both domestically and internationally, withregulators to solve the “too big to fail” problem and with their financial institutions clients on “living wills”required under the Dodd-Frank Act. Our lawyers have testified before Congress twice over the last year on the bankruptcies of financial firms.
We are also a firm of choice for cross-border insolvency and restructuring matters. The landmarkdecision obtained in Elpida is a recent example of our work in this area, as are our major assignmentsinvolving Argentina, Lehman, Nortel, Puerto Rico Electric Power Authority and OGX. In addition, we regularlyrepresent non-U.S. companies in connection with their distressed U.S. subsidiaries.
Our thought leadership on international and cross-border insolvency includes:• Founding director of the International Insolvency Institute, Member of INSOL International and a former co-chair of the G-36 Committee.• Member of the Official U.S. Delegation to the Insolvency Working Group of the United Nations Commissionon International Trade Law (UNCITRAL).• Contributing author toThe International Insolvency Review, an annual publication devoted to recentinsolvency law developments in 25 countries around the globe. • Publisher of Global Distress Signal, a periodic firm newsletter on international and cross-border insolvency. Our insolvency and restructuring practice has received wide industry recognition for many of itssuccessful representations, including recent matters involving Elpida Memory, Pinnacle Airlines, Patriot Coal,Lehman Brothers International Europe and its U.K. affiliates, Cengage Learning, Exide Technologies and theDetroit Chapter 9 case.
Notable Recent Assignments• City of Detroit – Advising Merrill Lynch Capital Services in the Chapter 9 proceedings of the City of Detroit.• James River Coal – Advising James River Coal Company in connection with its restructuring under Chapter11 of the Bankruptcy Code and, in connection therewith, the sale of substantially all of its assets.• Argentina – Advising Citibank in connection with litigation regarding certain Argentine law bonds issued by the Republic of Argentina.• Lehman Brothers International Europe – Advising the joint administrators of LBIE and its U.K. Lehmanaffiliates, including in connection with the largest settlement in the history of SIPA, resulting in the receipt of $10 billion in value.• Elpida Memory – Advising Elpida Memory, Inc. in obtaining United States recognition of its Japanese planof reorganization, the first time a U.S. court has granted full recognition to a Japanese reorganization planunder Chapter 15 of the U.S. Bankruptcy Code.• Patriot Coal – Advising Patriot Coal Corporation in connection with its multi-billion dollar reorganizationunder Chapter 11 of the Bankruptcy Code and related financings, including an $802 million in debtor-in-possession facility (the largest yet raised for a coal debtor).• Resolution Plans/Living Wills of Major Financial Institutions – Advising the vast majority of the largestSIFIs in preparing their living wills as required under the Dodd-Frank Act.
Contacts
New YorkDonald S. [email protected] R. O’[email protected]
New YorkMarshall S. [email protected]ão PauloManuel [email protected]
New YorkTimothy [email protected] [email protected]
Hong KongMartin [email protected]
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De Brauw’s Corporate Recovery, Restructuring and Insolvency practice is focused onadvising and assisting financial institutions, (multinational) companies and management on all types of restructuring and insolvency related issues.
• Our reputation: the highest quality in refinancing, corporate restructuring, security rights,in rem issues and insolvency and bankruptcy law issues
• Innovative solutions through technical expertise and cutting edge experience • More than 30 years of experience in the field• Involved in almost every major Dutch restructuring or insolvency• International and multi-jurisdictional cases; occasional appointments by foreign courtsas special counsel
• Recapitalisations and restructurings for various corporates in connection with the financial crisis
• Advice to the Dutch State on measures for restoring confidence and stabilising the financial markets
• De Brauw is the only Dutch law firm in the INSOL International Group of 36
De Brauw is a premium full-service international law firm. We work with the best law firms abroad, offering our clients top solutions to complexinternational matters.
At the heart of our firm is the powerful combination of a strong corporate and financepractice and a centre of excellence for litigation.
Ever since the firm was founded in 1871, clients have entrusted us with handling their most demanding transactions and legal issues.
ContactRuud Hermans Berto WintersT +31 20 577 1947 T +31 20 577 1948E [email protected] E [email protected]
Klaas de Vries Reinout VriesendorpT +31 20 577 1909 T +31 20 577 1060E [email protected] E [email protected]
De Brauw Blackstone Westbroek N.V.Claude Debussylaan 801082 MD AmsterdamThe Netherlands
www.debrauw.com
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About Deloitte
Deloitte provides Audit, Tax, Consulting and Corporate Finance services to public and privateclients spanning multiple industries.
Deloitte has one of the broadest and deepest range of skills of any business advisoryorganisation, and we have a straight forward goal: to be recognised as the pre-eminent andmost trusted professional services firm, renowned for the calibre of our people and respectedfor the exceptional quality of our work.
With member firms in over 150 countries, the international network of DTTL brings world-classcapabilities and deep local expertise to help clients succeed wherever they operate. The200,000 professionals in DTTL member firms are continuing to build on our pre-eminent marketposition through providing excellent and innovative client service.
Our Services
The Restructuring Services team provides turnaround/performance improvement financialadvisory, and insolvency advice and services to underperforming and financially distressedbusinesses, their lenders, stakeholders and advisers.
We use our expertise to identify the causes of the underperformance, work collaboratively to identify the best strategy for business recovery and then develop an optimal financial and/oroperational restructuring solution. We will then support the implementation of the optimalsolution through either a solvent or insolvent route.
Our exceptional strength lies in our access to industry expertise and service linefunctionalities, combined with our experience in complex cross-border transactions involving multiple jurisdictions. We deliver real value to each engagement.
Our clients are typically the boards of companies, their lenders or other stakeholders such aspension trustees. We work with our colleagues across Europe and around the globe to deliverservices wherever our clients require.
Key Worldwide Contacts
GlobalAndrew GrimstoneT: +44 20 7007 2998E: [email protected]
BrazilLuis VascoT: +55 11 5186 1777E: [email protected]
CanadaPierre LaporteT: +1 514 393 7372E: [email protected]
Cayman IslandsStuart SybersmaT: +1 345 814 3337E: [email protected]
USWilliam SnyderT: +1 214 840 1721E: [email protected]
AustraliaDavid McCarthyT: +61 2 9322 7086E: [email protected]
China & Hong KongDerek LaiT: +852 2 852 1647E: [email protected]
Singapore & South East AsiaAndrew GrimmettT: +65 6530 5555E: [email protected]
South KoreaHong Kee MinT: +82 2 6676 2319E: [email protected]
Middle EastDavid StarkT: +971 4506 4739E: [email protected]
FranceVincent BatlleT: +33 1 5561 2387 E: [email protected]
GermanyJochen WentzlerT: +49 211 8772 2381E: [email protected]
SpainEnrique DominguezT: +34 91 438 1070E: [email protected]
NetherlandsOscar SnijdersT: +31 88 288 3277E: [email protected]
United KingdomNick EdwardsT: +44 20 7007 3013E: [email protected]
About DentonsDentons is a global law firm driven to provide clients a competitive edge in an increasingly complex and interconnectedworld. A top 20 firm on the Acritas 2014 Global Elite Brand Index, Dentons is committed to challenging the status quo in delivering consistent and uncompromising quality in new and inventive ways. Dentons was formed by the combinationof international law firm Salans LLP, Canadian law firm Fraser Milner Casgrain LLP (FMC) and international law firmSNR Denton. Dentons’ clients now benefit from approximately 2,600 lawyers and professionals in more than 75locations spanning 50-plus countries across Africa, Asia Pacific, Canada, Central Asia, Europe, the Middle East, Russia, CIS and the Caucasus, the UK, and the US. The Firm serves the local, regional and global needs of a broadspectrum of clients, including private and public corporations; governments and government agencies; small businessesand start-ups; entrepreneurs; and individuals.
Our Global Restructuring, Insolvency and Bankruptcy PracticeDentons’ global Restructuring, Insolvency and Bankruptcy group represents one of the largest, most highly regardedteams of dedicated professionals in the world. With more than 240 lawyers around the world practicing in theirrespective jurisdictions, our Restructuring, Insolvency and Bankruptcy lawyers provide a truly global service to our clients by offering insolvency and restructuring capabilities on all matters whether they involve local, domestic, cross-border or international aspects. Consistently recognized as a market leader, we offer extensive skill andexperience in all industry sectors leveraged by our broad geographical coverage. With our enhanced presence across the world, the Restructuring, Insolvency and Bankruptcy group has been developing synergies following our clients’ businesses both at a global level and local level.
Top 5—Bankruptcy 100. Law360 (2014)
Top 20—Top Bankruptcy Law Firms. The Deal Pipeline (2014)
The team is known for utilizing “the firm’s strong international network to provide a seamless service onmultijurisdictional matters” and is recognized as “experienced in advising on distressed situations in a diverse range of sectors.” Chambers USA (2014)
The Canada group is “well regarded nationwide” and is noted as “solution-oriented.” Clients say, “Their approach is productive.” Chambers Global (2014)
Clients praise the UK team as "very well versed" in the area of Corporate Restructuring and Insolvency. Legal 500 UK (2014)
Capabilities and Experience
Key Contacts
Asia PacificKeith Brandt (Partner, Hong Kong) Mitch Dudek (Partner, Shanghai)D +852 2533 36221 D +86 21 2315 [email protected] [email protected]
Canada David W. Mann (Partner, Calgary) Roger P. Simard (Partner, Montréal)D +1 403 268 7097 D +1 514 878 [email protected] [email protected]
EuropeAndreas Ziegenhagen (Partner, Berlin) Anna Maria Pukszto (Partner, Warsaw)D +49 30 2 64 73 207 D +48 22 242 56 [email protected] [email protected]
Middle East United Kingdom and AfricaPaul Jarvis (Partner, Abu Dhabi) Nigel Barnett (Partner, London)D +971 2 612 9421 D +44 20 7320 [email protected] [email protected]
United StatesRobert E. Richards (Partner, Chicago) D. Farrington Yates (Partner, New York)D+1 312 876 7396 D +1 212 768 [email protected] [email protected]
• Credit Risk Management • Credit Support, Swaps, EligibleFinancial Contracts and SafeHarbor Transactions
• Committee Representation • Cross-Border Matters • Debtor Representation & DIPFinancing
• Distressed M&A, Investing andDebt Trading
• Financial Institution Insolvency• Independent Advice to Directors• Insolvency Administrators,Monitors, Receivers, Trustees and Other Officeholders
• Insurance Related Insolvencies
• Out-of-Court Restructurings and Workouts
• Pensions and Benefits • Protective Shield Proceedings • Representation of Governmentand Quasi-GovernmentOrganizations
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g
Our Global Restructuring Group is one of the largest in
the world with 200 dedicated lawyers across the Americas,
Asia Pacific, Europe and the Middle East. We have the
knowledge, experience and resources to address our
clients’ restructuring and insolvency needs on a national
and international basis. Our restructuring lawyers on the
ground around the world have extensive knowledge of
local markets and the associated challenges our clients face.
We pride ourselves on developing innovative restructuring
solutions that deliver real commercial results.
We serve a diverse client base encompassingdebtors, lenders, government entities, trustees,shareholders, directors, and distressed debt andasset buyers and investors.
Our lawyers advise on all matters relating to publicand private companies in underperforming anddistressed situations. We manage assignmentsfrom the mid-market to the largest national andinternational restructurings and insolvencies.Our experience also extends to contentiousissues arising from restructurings and insolvencies.We have significant experience of advising clientson investigation, enforcement, litigation and assetrecovery on a multijurisdictional basis.
ABOUT DLA PIPER
DLA Piper is a global law firm with 4,200 lawyersin the Americas, Asia Pacific, Europe and theMiddle East, positioning us to help companies withtheir legal needs around the world.
We strive to be the leading global business lawfirm by delivering quality and value to our clients.We achieve this through practical and innovativelegal solutions that help our clients succeed. Wedeliver consistent services across our platform ofpractices and sectors in all matters we undertake.
GLOBAL CONTACTS
EMEAMarc [email protected]
+31 20 5419 826
USGregg [email protected]
+1 212 335 4640
OTHER KEY CONTACTS
AsiaMark [email protected]
+852 2103 0878
AustraliaScott [email protected]
+61 2 9286 8548
Middle EastPeter [email protected]
+971 4 438 6327
UKMark [email protected]
+44 113 369 2300
USRichard [email protected]
+1 312 368 3430
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How organizations manage their capital agenda today will define their competitive positiontomorrow. We work with our clients to help them make better and more informed decisions tostrategically manage capital and execute transactions with lasting value in a constantlychanging world.
Our global network of restructuring professionals, along with our transaction and sector expertshas experience with some of the largest and most complex in and out-of-court situations. Weact as a trusted advisor working in partnership with a variety of stakeholders to deliveractionable advice by helping to identify financial and operational strategies to generate liquidity,improve earnings, and extract value across underperforming, stressed and distressedbusinesses. EY’s multi-disciplinary teams offer integrated, objective advisory services to helpour clients achieve their strategic goals - whether buying or selling a distressed asset,restructuring a business, or addressing underperformance.
Wherever our clients are in the world, we provide them with creative options to address complexissues by drawing upon our deep industry knowledge. Our strong track record in advising someof the world’s most significant businesses small and large, demonstrates our commitment tohelping our clients achieve long term success.
Global:Alan Bloom T: +44 (0) 20 7951 9898
Americas:Canada: Murray McDonald T: +1 416 943 3016USA: David Williams T: +1 212 773 1399Bermuda, Bahamas, Cayman Islands: Keiran Hutchison T: +1 345 814 9005
Europe, Middle East, India, Africa:EMEIA: Keith McGregor T: +44 (0) 20 7951 0710EMEIA: Don Featherstone T: +44 (0) 20 7951 0710EMEIA: Maggie Mills T: +44 (0) 20 7951 9802UK, Ireland: Alan Hudson T: +44 (0) 20 7951 9947Germany and Central Europe: Bernd Richter T: +49 40 36132 12416Eastern and Southern Europe: Luka Vesnaver T: + 386 1 583 17 00CIS (Russia, Kazakhstan, Ukraine): Alexander Yerofeyev T: +7 495 755 9710France: Guillaume Cornu T: +33 1 55 610061Italy: Maurizio Piglione T: +39 028 066 9705Spain: Mikel Ortega Regue T: +34 915 72 5778India: Abizer Diwanji T: +91 22 619 20000
Asia-Pacific:Australia, New Zealand: Vince Smith T: +61 8 9429 2373Far East: Rajagopalan Seshadri T: +65 63 09 6892Japan: Kenji Fujihara T: +81 3 45826466Greater China /HK: Stephen Liu T: +852 2846 9981
EY is a global leader in assurance, tax, transaction and advisory services. The insights andquality services we deliver help build trust and confidence in the capital markets and ineconomies the world over. We develop outstanding leaders who team to deliver on our promisesto all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
For more information, please visit www.ey.com
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The GroupFerrier Hodgson is one of Australia and Asia’s leading professionalservice firms specialising in:
• Corporate Advisory• Corporate Recovery • Forensic Accounting• Forensic IT• Management ConsultingFerrier Hodgson has seven offices across the major business centresin Australia and Asia, with 32 partners and more than 320 staff acrossthe region.
In conjunction with our affiliates Zolfo Cooper, KLC Kennic Lui & Co,Eight Advisory and Thierhoff Müller, we have offices in all majorbusiness jurisdictions around the globe and access to 800 restructuringand advisory experts.
Our management consulting company, Azurium, provides specialistenterprise improvement and advisory services to clients acrossAustralia, New Zealand and Asia. The Azurium team includesspecialists in:
• Analytics • Business Performance • Real Estate• Technology Risk
The approachFerrier Hodgson is well known for its ability to achieve successfuloutcomes within formal insolvency appointments, but our experiencegoes well beyond that, incorporating a history of business assessmentstrategies in both distressed and non-distressed environments. Oursenior principals bring with them a wealth of practical “hands on”experience.
Our dedicated Corporate Advisory team assists clients in achievingdesired outcomes in transaction services, strategic services, distressedand special situation investing services and risk services.
The Ferrier Hodgson Forensic practice assists organisations andindividuals, including their legal advisers, through the utilisation of ourfour major service offerings in forensic accounting, financialinvestigations, business valuations and forensic IT.
Achieving results for our clients is our focus. We have a reputation for taking on challenging and complex assignments that requireexceptional strategic and technical capabilities.
Ferrier Hodgson prides itself on the specialist nature of its practice. As a specialist we are usually free from the conflicts that affect many of our competitors.
For more information about the Group, visit our website:www.ferrierhodgson.com or www.azurium.com.au.
Locations
Australia: Adelaide, Brisbane, Melbourne, Perth, SydneyAsia: Malaysia, SingaporeHK, China: KLC Kennic Lui & Co.UK, USA: Zolfo CooperFrance: Eight AdvisoryGermany: Thierhoff Müller
Key Regional Contacts
Australia
SydneySteve ShermanT: + 61 (2) 9286 9999F: + 61 (2) 9286 9888E: [email protected]
MelbournePeter McCluskeyT: + 61 (3) 9600 4922F: + 61 (3) 9642 5887E: [email protected]
Asia
SingaporeTim ReidT: + 65 6416 1405F: + 65 6534 3424E: [email protected]
HK, China (KLC Kennic Lui & Co.)
Lauren Lau (HK)T: + 852 2110 3889E: [email protected]
UK, USA (Zolfo Cooper)
Simon Freakley (UK)T: + 44 (0) 20 7332 5248F: + 44 (0) 20 7332 5001E: [email protected]
Jonathan A. (Joff) Mitchell (USA)T: + 1 (212) 561 4060 F: + 1 (212) 213 1749 E: [email protected]
France (Eight Advisory)
Justin WelsteadT: + 33 (0) 14561 7109F: + 33 (0) 14561 7209E: [email protected]
Germany (Thierhoff Müller)
Michael ThierhoffT: + 49 341 1493100F: + 49 341 1493111E: [email protected]
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The firmFreshfields Bruckhaus Deringer LLP is a leading international law firm with
a network of offices in Europe, the Middle East, Asia and the US, providing
a comprehensive worldwide service to national and multinational corporations,
financial institutions and governments.
Our expertiseWe have a market leading practice advising senior and junior creditors,
debtors, sponsors and other new money providers on refinancings, distressed
acquisitions / sales and contingency planning for distressed situations. We also
advise on more formal insolvency assignments.
Our market-leading reputation is based on our experience of advising on
creative and complex transactions across the restructuring and insolvency
spectrum. Our aim is to always find constructive solutions for our clients and
then deliver best execution.
Our practice has been involved in most of the major restructurings in the
European market in recent years. As one of the foremost legal advisers in the
economic downturn, we have led the way with innovative solutions in complex
and challenging situations.
The Restructuring and Insolvency team is continuously ranked in the Top Tier
in the Chambers, Legal 500 and IFLR legal directories.
For further information contact:
Ken Baird (Head of Group)
+44 20 7936 4000
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Based in Toronto, Goodmans is internationally recognized as one of Canada’s pre-eminent business law firms.
For the 13th year in a row, the Goodmans CorporateRestructuring Team has been ranked by Chambers Global asthe sole Canadian law firm in Band 1 with the #1 restructuringpractice in Canada. The guide’s rankings reflect evaluations byclients and peers who cited the Goodmans restructuring teamfor its exceptional calibre and involvement in a broad range ofrestructuring and recapitalization transactions. The Goodmansrestructuring team has achieved the guide’s highest rankingevery year since 2001, with Chambers noting Goodmans’impressive bench strength and consistent involvement inCanada’s most complex insolvencies. The team continues to be “lauded for its tremendous depth” with the most restructuringpartners ranked by Chambers in 2014. For the past ten years,The Canadian Legal Lexpert Directory has ranked Goodmansthe only “most frequently recommended” law firm for insolvencyand corporate restructuring and Best Lawyers in Canadaranked Goodmans the #1 firm in Toronto for restructuring. IFLR1000 has ranked Goodmans Tier 1 for 11 consecutive yearsnaming it the “leading insolvency practice”. Goodmans wasranked the sole Canadian law firm in Tier 1 for restructuring and insolvency by The Legal 500 Canada 2015 and the groupis held up as “absolutely A-star” and its practitioners areconsidered “the cream of the crop for restructuring matters,from senior partners right down to junior level”.
The group represents debtors, lenders, noteholders, equitysponsors and other key stakeholders in cross-borderrestructurings between Canada and the US. We have market-leading expertise in a range of industries includingmanufacturing, mining, steel, forest products, automotive,energy, retail, financial institutions, insurance, telecom andtransportation. Our restructuring expertise involves specialistsin areas such as M&A, telecommunications, securitization,derivatives, DIP financing, insolvency litigation, pensions, tax and employment.
Significant mattersGoodmans has participated in most major domestic andinternational restructuring matters in Canada including:
• Nortel Networks, Essar Steel Algoma, Mobilicity, Lone PineResources, Jaguar Mining, The Cash Store, Lac Mégantic,Sino-Forest, Indalex, Nelson Education, Eagle River Casino,Aurcana Corporation, Cline Mining, Cinram, Calpine, SkyLinkAviation, MF Global Canada, Crystallex, LightSquared,Catalyst Paper, White Birch Paper, Postmedia, SkyPower,Masonite, AbitibiBowater, Chemtura, GM and Chrysler;
• Represented the Pan Canadian Committee of asset-backedcommercial paper holders in the largest, C$32 billion court-supervised debt restructuring in Canadian history and thelargest private-market solution to the ABCP/subprime creditcrisis in Canada; and
• The liquidators of numerous financial institutions includingConfederation Life and Union Life and the Canadianbranches of Reliance and Orion Insurance Companies.
Goodmans LLPBay Adelaide Centre333 Bay Street, Suite 3400Toronto, Ontario M5H 2S7CanadaTel: +1 416.979.2211Fax: +1 416.979.1234
www.goodmans.ca
Contacts:
Jay A. Carfagnini+1 [email protected]
Gale Rubenstein+1 [email protected]
Robert Chadwick+1 [email protected]
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Grant Thornton is one of the world’s leading organisations of independently owned andmanaged accounting and consulting firms providing assurance, tax and advisory services. We operate in over 130 countries bringing together 38,500 personnel in more than 700 officesworldwide and share a commitment to providing consistently high quality services to our clients.
Grant Thornton has global capability to provide a wide range of services to recovery andreorganisation professionals, companies and their stakeholders. We help diagnose and addressunderperformance, devising workable solutions that maximise value and deliver a sustainablerecovery.
Our clients choose Grant Thornton because:
• We are a fully integrated, highly-experienced team. We work in a way that is sensitive to our clients’ individual circumstances
• We are at the heart of the development of cross-border restructuring legislation, ensuring our clients have access to leading edge and best practice restructuring solutions
• We have market leading teams in all key offshore financial centres. In combination with our broader international presence, this allows us to advise on situations involving the mostcomplicated group structures
We have significant experience advising clients on complex cross-border restructuring andinsolvency issues. Our teams provide expert advice in the following areas:
Our servicesWherever in the world support and advice is required, we can build a team to meet the sectorand geographic requirements for any of the following services:
• accelerated M&A • debt advisory• crisis stabilisation and turnaround • exit strategy services• strategic performance reviews • corporate insolvency• viability reviews • asset tracing and recovery• operational and financial restructuring • financial markets and insurance
Key worldwide contactsFor further information on our global Recovery & Reorganisation services, visit our website atwww.grantthornton.global
Global LeaderMark ByersT +44 20 7728 2522E [email protected]
United KingdomShaun O’CallaghanT +44 20 7865 2887E [email protected]
IrelandMichael McAteerT +353 (0) 1 680 5738E [email protected]
GermanyElmar HiltnerT +49 211 9524 512E [email protected]
FranceFrederic ZeitounT +33 (0)156 210 303E [email protected]
United StatesJim PekoT +1 646 825 8400E [email protected]
CanadaJonathan KriegerT +1 416 360 5055E [email protected]
British Virgin IslandsMarcus WideT +1345 949 7100E [email protected]
Cayman IslandsHugh DicksonT +1345 949 8588E [email protected]
AustraliaMatt ByrnesT +61 3866 3600E [email protected]
ChinaDavid BennettT +852 9311 6115E [email protected]
SingaporeMark BuchanT +65 6304 2193E [email protected]
JapanTaro IsodaT +81 (0) 3 5474 0111E [email protected]
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Greenberg Traurig’s Business Reorganization & Financial RestructuringPractice provides clients with the insight and knowledge that come withdecades of advisory and litigation experience handling highly complexissues that arise in reorganizations, restructurings, workouts, liquidationsand distressed acquisitions and sales as well as cross-border proceedings.
We offer clients the resources and reach of one the country’s largestbankruptcy practices and suppor ted by the firm’s international platform ofapproximately 1750 attorneys in the United States, Latin America, Europe,the Middle East and Asia.
GT’s restructuring team takes a multidisciplinary approach, bringingtogether the knowledge and capabilities of our team with those ofattorneys in the firm’s strong complementary practices. Together, we helpcompanies navigate challenging times and address the full range of issuesthat can arise when reorganizing their core businesses, shedding excessassets or divisions, reformulating long-term objectives or dealing withdistressed companies.
We practice regularly in courts throughout the United States, as well as inother jurisdictions around the world. Our attorneys have played criticalroles in many recent complex bankruptcies and restructurings, includingthose of AbitibiBowater Inc., AgFeed USA, LLC, American Airlines, AshtonWoods USA LLC, Atlantis Plastics, Inc., Bank United Financial Corporation,Bruno’s Supermarkets, LLC, Chem Rx Corp., DBSI, Inc., DirectBuyHoldings, Inc., Conseco Finance Company, Eurofresh, Extended StayHotels, Inc., Fontainebleau Las Vegas, FriendFinder Networks Inc.,General Growth Properties, General Motors Corp., Global Crossing,Indianapolis Downs, LLC, Lake Las Vegas, LandSource CommunitiesDevelopment LLC, Lehman Brothers Holdings Inc., Liberty HealthcareGroup, Satélites Mexicanos S.A. de C.V., Smurfit-Stone Container Corp.,Southeast Banking Corporation, Sportsman’s Warehouse, Inc., TOUSA,Inc., Tropicana Entertainment, LLC, United Airlines, Werner Holding Co.(DE), Inc., and Westgate Resorts, LLC.
We have been recognized as having one of the leading restructuringpractices in the United States:
• Named 2013 �Law Firm of the Year in the Bankruptcy & Creditor DebtorRights / Insolvency & Reorganization Law and Litigation Bankruptcycategories by U.S. News - Best Lawyers®
• Chambers USA recognized 14 of our attorneys in theBankruptcy/Restructuring category in its 2014 edition.
• The Best Lawyers in America® recognized 13 of our attorneys in theBankruptcy and Creditor Debtor Rights/Insolvency and ReorganizationLaw category in its 2015 edition.
• Our team includes six attorneys who are Fellows in the AmericanCollege of Bankruptcy.
Contacts
Mark D. Bloom, Esq. | +1.305.579.0537 | [email protected]
Nancy A. Mitchell, Esq. | +1.212.801.3085 | [email protected]
Keith J. Shapiro, Esq. | +1.312.456.8405 | [email protected]
Office Locations
Albany
Amsterdam
Atlanta
Austin
Boca Raton
Boston
Chicago
Dallas
Delaware
Denver
Fort Lauderdale
Houston
Las Vegas
London
Los Angeles
Mexico City
Miami
New Jersey
New York
Northern Virginia
Orange County
Orlando
Philadelphia
Phoenix
Sacramento
San Francisco
Seoul
Shanghai
Silicon Valley
Tallahassee
Tampa
Tel Aviv
Warsaw
Washington, D.C.
West Chester County
West Palm Beach
www.gtlaw.com
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Hogan Lovells is a global law firm providing high quality advice to corporations, financial institutionsand governmental entities on domestic and cross-border matters.
The BRI team
Our leading global restructuring and insolvency practice comprises highly experienced and clientfocussed lawyers who offer clear, concise and practical advice based on an in-depth knowledge ofthe local legal, regulatory and commercial environments within which they operate. We are based inthe financial hubs of Europe, the Middle East, Asia, South Africa, Latin America and North Americaand are thus ideally placed to advise on both domestic and multi-jurisdictional transactions. We arerenowned for our collaborative and pragmatic attitude and our solutions-based approach totransactions – and for our exceptional commitment to clients.
We advise a wide variety of traditional stakeholders in restructuring and insolvency cases includingsenior and junior secured and unsecured creditors; distressed borrowers; shareholders; directors;suppliers and insolvency practitioners. We also advise less traditional stakeholders including pensiontrustees and governmental and quasi-governmental bodies such as the FCA, the German “bad”banks, the Icelandic treasury and NAMA. This gives us strong practical experience of the technicaland commercial issues facing these stakeholders and the drivers for their behaviour in a restructuringor insolvency scenario.
We also have a strong and market-recognised insolvency practice with a proven track record both in delivering restructurings through insolvency mechanisms when necessary and in advising on pure insolvency issues, including dealing with the practicalities of trading insolvencies. We areexperienced in financial institution restructuring and insolvency, including our ground-breaking workon the liquidation of BCCI, our work on the SIV insolvencies, our work for the Icelandic treasury, andour on-going work in the Lehman and MF Global insolvencies. We also have a market-leadinginsurance restructuring and insolvency practice, and particular expertise in fraud and asset tracing in the UK and internationally.
Recent experience includes: advising the Kodak Pension Plan Trustee on its comprehensivesettlement of its claims against Eastman Kodak Company (EKC) and Kodak Limited, approved bythe US bankruptcy court; advising one of the liquidity facility providers in relation to the restructuringof Punch Taverns; advising the noteholder trustee under New York law notes issued by MagyarTelecom B.V. on a restructuring of Magyar involving a COMI shift to the UK and an English schemeof arrangement recognised in the US under Chapter 15; advising NAMA on its divestment of itsNorthern Irish book of c.EUR5.4bn of real estate loans; advising the Indenture Trustee for $1 billionprincipal amount of Vitro SAB’s 8.625% Senior Notes due 2012 and 9.125% Senior Notes due 2017,in connection with (i) Concurso proceedings for Vitro in Mexico, (ii) Chapter 11 and Chapter 15foreign proceedings in the Northern District of Texas Bankruptcy Court, and (iii) in connection withlitigation in NY State Supreme Court seeking collection of principal and interest from guarantors ofthe Indentures; advising the general partner of Trophy Property Development L.P. on a restructuringof its underlying real estate assets in China and its internal management.
What others say:
One client said: “Hugely responsive and easy to deal with. The relevant skills are always there andthey can add additional bodies when necessary, which makes the relationship very easy.” Chambers UK, 2014
‘The team is very experienced and able to provide sound, timely and strategic guidance oncontentious China-related matters ... the firm is a prominent player in the market and has a verygood reputation.’Chambers Asia Pacific 2014
“Hogan Lovells’ US restructuring team is recommended for its ‘great ability, understanding, flexibilityand dedication’Legal 500 US 2014
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Huron Business AdvisoryHuron Business Advisory resolves complex business issues and enhances value. We offer a full suite of services in key areas, including forensic investigations, transactionadvisory, restructuring and turnaround, interim management, capital raising, operationalimprovement, and valuation. Our senior-level team members have vast experience in a range of industries, with many serving as C-level executives, so we can quickly analyze a business situation and apply our knowledge to finding a workable solution. With thisbreadth of expertise, we can drive improvement at middle-market companies and largerbusinesses and apply flexible staffing models to deliver the best possible outcome for our clients.
• Capital Advisory• Forensic Investigations• Operational Improvement• Restructuring & Turnaround• Transaction Advisory Services• Valuation
With a proven track record of success maximizing value, we provide comprehensivesolutions to companies in transition, creditor constituencies, and other stakeholders inconnection with out-of-court restructurings and bankruptcy proceedings. Our professionalswork closely with management to create, analyze, lead, and implement strategies toimprove and enhance operational and financial performance, as well as capital structures in order to maximize enterprise value for all constituencies.
With offices in the Americas and Europe we serve clients on cross-border transactions. Our professionals have conducted assignments in a number of international jurisdictions in a variety of industries including automotive, biotechnology, industrial goods, oil and gas,retail/distribution/services to retail, trading, and transportation.
For more information on Huron’s services, please contact:
Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, reduce costs, recover from distress, leverage technology,and stimulate growth. The Company teams with its clients to deliver sustainable andmeasurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, Fortune 500 companies,leading academic institutions, medium-sized businesses, and the law firms that representthese various organizations.
Learn more at www.huronconsultinggroup.com/business-advisory.com
John DiDonato, Managing DirectorNew York, [email protected]
James M. Lukenda, Managing DirectorNew York, [email protected]
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One Firm WorldwideSM
Jones Day’s Business Restructuring &Reorganization Practice is one of the premierglobal groups of bankruptcy, insolvency andworkout practitioners and is ranked at the top by leading publications, such as The Wall Street Journal, The American Lawyer, andBusinessWeek. Jones Day represents debtors,creditors, trustees and insolvency practitioners incomplex multi-jurisdictional restructurings, out-of-court workouts, chapter 11 and chapter 9 cases,administrations and schemes of arrangement, aswell as distressed investors and acquirors offinancially troubled enterprises.
Our Global, Multi-Jurisdictional Team Has led the chapter9 proceedings of theCity of Detroit, thelargest and mostcomplex municipalbankruptcy in UnitedStates history;reorganizations ofNII Holdings, Fresh & Easy Neighborhood Market,Chrysler, Hostess Brands, AFA Foods, Harry &David, and Dana Corp.; out-of-court debtrestructurings for Hagemeyer, Exide SA, VeoliaEnvironnement and Hilite International; andrepresentations of key financial institutions andstrategics in MF Global, Green Field EnergyServices, BI-LO, Travelport, Chemtura andAdelphia. Jones Day is actively involved in debtreduction and asset disposition programs forboth acquirors and sellers (such as HansteenHoldings PLC in its acquisition of a credit facilitysecured by a portfolio of Dutch industrialproperties, and Canyon Capital and SankatyAdvisors in their acquisition of a loan portfoliosecured by Q Hotels Group).
Corinne Ball Ben Larkin Paul Leake Michael PabstPartner, New York/London Partner, London Global Practice Head, New York Partner, [email protected] [email protected] [email protected] [email protected]
More than 2400 lawyers in 41 locations – www.jonesday.com
Approximately 70restructuring professionalsworldwide, supported byover 2,300 lawyers fromallied disciplines
"Practice Group of the Year 2014" for Law360's Bankruptcy practice category“Law Firm of the Year” (2013) for Bankruptcy and Creditor Debtor Rights/Insolvency andReorganization Law by U.S. News – BestLawyers®“Dealmaker of the Year” for twoconsecutive years for the work on Chrysler LLC (2010) and the U.S. and U.K. restructuringof Financial Guarantee Insurance Corporation(2009).
Recent International Representations include:
Committee of senior lenders in connection with debt restructuring of CodereGroup.
KryS Global, BVI as dissolution trustees of Value Discovery Partners, a privateequity fund established in the British Virgin Islands to manage business assets inRussia and the Balkans.
Special counsel to the Lehman chapter 11 estate.
Plan administrator of confirmed plan of reorganization in MF Global Holdingschapter 11 case.
NII Holdings Inc., a wireless communications services provider in Latin America,in its chapter 11 cases.
Signature Capital in restructuring of a CMBS and subsequent asset acquisitionof the Neumarkt Galerie, Cologne, from the insolvency administrator.
Chapter 11 trustee of Soundview Elite Ltd. and five affiliated Cayman Islandsinvestment funds in dual insolvency proceedings in the United States and theCayman Islands.
Zolfo Cooper and PWC as liquidators of Hadar, a Cayman Islands hedge fund.
Soundview Elite
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With a sophisticated understanding of the restructuringlandscape, Kaye Scholer’s multidisciplinary Bankruptcy &Restructuring Department provides comprehensive servicesin all aspects of restructurings and insolvency proceedingsfrom the pre-workout phase through litigation, if necessary.Our team of over 30 insolvency and restructuringpractitioners, located in New York, Chicago, Los Angeles,London and Frankfurt, has been at the forefront of some ofthe largest and most complex multinational restructuringsand insolvencies of the recent past.
We have longstanding relationships with some of the world’sleading institutional lenders, buy side investors, CLOmanagers and financial institutions, and represent theseinstitutions as syndicate members, ad hoc committees oflenders, administrative agents, DIP lenders and exit facilitylenders, distressed investors and capital providers indistressed situations. We also represent equity sponsors andtheir portfolio companies, debtors, indenture trustees,creditor committees, and aircraft and equipment lessors. TheDepartment also actively advises state and city agencies inrestructuring matters. Attorneys in the Department havebroad experience in many different industry segments,including airline, automotive, cable and telecommunications,consumer products, energy and infrastructure, food services,healthcare, insurance, manufacturing, media,pharmaceutical, real estate, retail, shipping, steel, textile andtransportation, among others
Core components of our practice include:
• Institutional Investors, Syndicate Agents and SteeringCommittee Representations
• Distressed Investing• Distressed Structured Products• Cross-Border Insolvencies and Focus in Europe• Real Estate Workouts• Insolvency Related Litigation and Inter-CreditorDisputes
• Debtors• Municipal Experience• Claims Trading
In addition to the Department’s substantive knowledge andexperience regarding restructurings and insolvencyproceedings, we frequently partner with Kaye Scholer’sother practice groups to provide our clients with a fullspectrum of legal services. Whether called upon to assist ina transaction or in a litigation matter, our objective in everyrepresentation is to take a multidisciplinary approach tomaximize client recovery.
Kaye Scholer LLP
New YorkMark F. Liscio, [email protected]: 212.836.7550
Madlyn Gleich Primoff, Esq. [email protected]: 212.836.7042
ChicagoMichael B. Solow, [email protected] Tel: 312.583.2310New York Tel: 212.836.7240
Los AngelesMarc S. Cohen, [email protected]: 310.788.1223
LondonDavid von Saucken, M. [email protected] Tel: +44 (0)20.7105.0570Frankfurt Tel: +49 (0)69.2549.4260
Additional Offices: FrankfurtShanghai Silicon ValleyWashington, DC West Palm Beach
About King & Wood MallesonsAs global business continues its migration east, new markets are emerging, competition is intensifying andthe regulatory landscape continues to evolve. We are a new choice of global law firm – connecting Asia tothe world, and the world to Asia. We’re challenging the norm with:
• The first-ever global law firm headquartered in Asia;• The only law firm able to practise Australian, Chinese, Hong Kong, English and European law within one firm;• The best legal minds where you need them most, with 31 offices strategically positioned throughout theworld’s key markets and financial capitals; and
• The go-to firm for inbound and outbound China investments, with local PRC sign-off and generations of local relationships.
As a global combination of over 2,700 lawyers, we are cutting through the challenges facing business andtransforming the way legal services are delivered to clients. Our ability to connect emerging opportunitieswith market leading capability is pushing the frontiers of what can be achieved when we build great thingstogether. Together with clients, we are re-shaping the future world for global business.
Rapid, holistic and practical legal advice for restructuring and insolvencyWhen businesses underperform there are ramifications for both domestic and foreign stakeholders. With considerable differences between restructuring and insolvency laws across jurisdictions, interests are subject to a range of risks, all within a fast moving environment.
King & Wood Mallesons’ cross-border Restructuring & Insolvency Group is experienced in acting formultinational companies and financial institutions in complex restructuring as well as investors in theiracquisitions of insolvent and distressed companies and debts.
We are recognized for our ability to maximize the right outcome for our clients. Our Restructuring & Insolvency team simplifies our analysis and recommendations against a complex regulatory andcommercial backdrop to help you to quickly navigate your options. It’s a dedicated team of close to 150 front-end and back-end specialists in Asia, Australia and Europe, supported by a pool of talented lawyers – across Restructuring & Insolvency, Banking & Finance, Dispute Resolution and M&A.
We act for administrators, creditors, liquidators, receivers and scheme trustees, providing advisory,contentious and transactional services.
For further information, please visit: www.kwm.com
Recent market recognition
“The team has a strong cross-border transactional offering, as well as an established contentiousoffering.”Chambers, 2015
“This team has a well-deserved reputation for its work on complex multi-jurisdictional restructurings.”Chambers, 2013
Insolvency & Restructuring Law Firm of the YearAsia Legal Business, 2012
Key contacts:
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AsiaHelena HuangBeijing / Hong Kong+86 10 5878 5105+852 3443 [email protected]
Yanling LiuBeijing+86 10 5878 [email protected]
Edmund WanHong Kong+852 3443 [email protected]
EuropeJeremy GoldringLondon+44 20 7111 [email protected]
AustraliaPhilip PanBrisbane+61 7 3244 [email protected]
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Kirkland & Ellis’ Restructuring Practice Group utilizes its offices in the United States, Europe andAsia to provide integrated services to clients worldwide. Kirkland’s Restructuring lawyers haveadvised on some of the most complex, multi-jurisdictional restructurings in recent history and have a broad range of business advisory and crisis-management skills to navigate clients throughsituations involving financially troubled companies. Our lawyers have handled matters acrossmultiple industries, including gaming, media, transportation, manufacturing, energy and real estate.
Kirkland’s Restructuring Practice Group has a wide range of cross-border insolvency experienceand Kirkland lawyers have advised on many of the most significant and groundbreakingrestructuring and insolvency matters throughout the world in recent years. In theserepresentations, Kirkland attorneys recognize the importance of carefully considering locallegal, regulatory and practical issues, how these issues in one country impact issues in another,and in turn, how these issues affect the global advice given to clients. Furthermore, we regularlydraw upon and benefit from the experience of Kirkland’s internationally recognized lawyers incorporate, tax, real estate, litigation and intellectual property to provide the full-servicecapabilities our clients need for the various legal matters they retain Kirkland to handle.
Kirkland’s Restructuring Practice Group is consistently ranked by legal and business publicationsfor providing outstanding legal advice to companies in an ever-changing global marketplace.
• First-tier ranking globally. – Chambers Global, 2008-2014
• “Continues to be a powerhouse in the market, with a strong bench of attorneys who are widely recognized as experts in the field. Operates as part of an integrated internationalnetwork, frequently achieving success in some of the most high-profile cross-bordercases.” – Chambers USA, 2014
• “Number one law firm in the world for restructuring.” – Chambers USA, 2013
• First-tier ranking. – IFLR1000: The Guide to the World’s Leading Financial Law Firms, 2008-2014
Some of Kirkland’s recent significant cross-border matters include: IVG Immobilien AG(ad hoc committee of SynLoan I lenders), SolarWorld AG (largest lender), ATU (debtor),hibu/Yell (debtor), Ideal Standard (company/ sponsor), Klockner Pentaplast (Strategic ValuePartners as junior lenders), Fitness First (debtor), Eircom (senior agent/lenders), Endemol(senior lenders), Estro Groep BV (senior lenders), TeleColumbus (debtor), Monier (debtor),Apcoa (Centerbridge as senior lender), Tragus (senior lenders), Uralita (KKR as new lender)and Gruppo Argenta (KKR as new lender/investor), Travelodge (cross-over lenders), RegencyEntertainment (company), Rodenstock GmbH (company), China Forestry Holdings(bondholder group), Sino-Forest Corporation (ad hoc committee of bondholders), BumiResources (ad hoc group of holders), Berau Coal (ad hoc group of holders).
For more information, please contact:
Worldwide
James H.M. Sprayregen [email protected] +1 312-862-2481
Europe
Kon M. Asimacopoulos [email protected] +44 20 7469 2230
Leo Plank [email protected] +49 89 2030 6070
Asia
Neil McDonald [email protected] +852-3761-9111
www.kirkland.com
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When a company’s value is threatened, KPMG’s Restructuring practice identifies innovative domestic andcross-border solutions in both stressed and distressed situations.
Working alongside lenders, stakeholders and all levels of management, our professionals plan and deliverrestructuring actions which can provide real improvement to cash flow, profit & loss and the corporatebalance sheet.
KPMG takes an objective, hands-on approach to stabilising under-performing businesses by identifyingopportunities for strategic, operational and financial change. The aim is to help the business back on track,to optimise its performance and efficiency and to generate outstanding and lasting value for stakeholders.
TurnaroundOur Turnaround and Cash teams have delivered success on a large number of the highest profileassignments across the globe in the last couple of years. We work with management teams to managecash crisis and develop and operate turnaround plans that drive real value. Turnaround services include:
Financial Restructuring We work with companies at times of intense pressure, to deliver a thorough advisory service throughout thefinancial restructuring process. We offer our clients the financial advice they need and have extensive contactsand relationships with providers of finance to stressed companies. We also work with stakeholders to assistthem in developing and implementing their strategies in respect of underperforming investments or borrowers.Financial Restructuring services include:
InsolvencyKPMG have built a pre-eminent insolvency practice that, by combining a global capability, a multi-disciplinary approach and a highly responsive network, can allow our experienced practitioners to deployinnovative solutions with confidence and discretion – aiming to secure a positive outcome for stakeholders,however complex the challenge. Insolvency services include:
Insurance RestructuringWe provide practical advice to insurers, re-insurers and intermediaries in dealing with all aspects ofunderperforming business. We also take formal insolvency appointments of insurance entities. In additionto managing complex insolvencies, our team assists in devising and implementing strategies for solventcompanies from transition to run-off to exit solutions.
Contacts:
© 2015 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
• Cash management• Exit planning & implementation• Operational governance• Distressed suppliers
• CRO services/Turnaround Panel• Underperforming divisions• Cash visibility and control• Joint venture recovery services
• Independent business reviews• Lender advisory• Early exits
• Impaired loan advisory services• Financial restructuring• Contingency planning
• Company Voluntary Arrangement• Corporate insolvency – court appointed • Corporate insolvency – non court appointed• Solvent reconstruction/liquidation
• Insolvency expert witness reports• Client support services• Personal insolvency• Contingency planning
David BurlisonGlobal Head of Restructuring KPMG in the UKT: +44 20 7311 4907E: [email protected]
Mark FirminUK Head of RestructuringKPMG in the UKT: +44 20 7694 4845E: [email protected]
Angel Martin TorresHead of Europe, Middle East and Africa RegionKPMG in SpainT: +34 914 563 524E: [email protected]
Eddie MiddletonHead of Asia Pacific RegionKPMG in Hong KongT: +85 221 402 833E: [email protected]
• Insurance insolvency – court appointed• Solvent reconstruction• Exit planning and implementation• Strategies for underperforming business• Schemes of arrangement
• Business transfer process management• Transition to run-off• Contingency planning• Rapid cost reduction• Cash management
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Linklaters LLPTel: (+44) 207 456 2000www.linklaters.com
Global Restructuring and Insolvency Practice
Linklaters has leading restructuring and insolvency practitioners in thejurisdictions in which it operates. With 29 offices in 20 countries, our practiceprovides global coverage with local expertise capable of handling the mostchallenging assignments.
We have a wide-ranging and well-balanced practice acting for all manner of stakeholders on credit restructuring and rescheduling, equity capitalraising and restructuring, distressed M&A activity, investigation, asset tracingand insolvency litigation, formal insolvency procedures and contingencyplanning and implementation using out of court and in court procedures ineach of our jurisdictions including US Chapter 11. We also advise onstrategic distressed debt and equity investments.
Depth of experience
Our restructuring and insolvency lawyers have worked and continue to work, on some of the most complex and innovative restructuring and insolvencytransactions in recent times. Our team advises on an exceptional spread oftransactions covering a wide range of jurisdictions and complexities. Thisgives us unrivalled international experience at the forefront of marketdevelopments.
Our team has recently been engaged on:
• Bank emergency recapitalisations, resolutions, asset portfolio salesand insolvencies
• Restructuring complex, multi-jurisdiction leveraged financings
• Use of schemes of arrangement in the UK to assist UK and Europeanbalance sheet restructurings
• Restructurings of multiple financings of international industrial corporates
• Advising advisers and office holders in respect of insolvency and asset and claim recoveries and investigations
“A high-quality practice with a first-class team; they have a seeminglyunlimited quantity of excellent people to draw on!”– Chambers UK 2015, Restructuring & Insolvency: Elite (Band 1)
“They do the big team stuff extremely well. They have real strength and depth and are capable of running high workload restructurings better than anyone��– Chambers UK 2014, Restructuring & Insolvency: Elite (Band 1)
2014 Global Finance Deal of the Year – Restructuring & Insolvency (for the restructuring of hibu Group)– The American Lawyer’s Global Legal Awards 2014
2013 Most Innovative Firm in Finance Law(for Lehman Brothers insolvency)– FT Innovative Lawyer Awards 2013
Contacts:
Global head Tony Bugg
AmsterdamMartijn KoopalPaul Kuipers
Central/Eastern EuropeMichael BottMirthe van Kesteren
China & Hong KongDavid KiddMelvin Sng
FrankfurtKolja von BismarckSven Schelo
LondonBruce BellTony BuggRichard BussellEuan ClarkeDavid EreiraDaniel Gendron Richard HodgsonRichard HoldenRebecca JarvisNicholas Le MasurierSusan RoscoeYen Sum
MadridJuan BaronaBen CrosseFrancisco MalagaPedro de Rojas
Middle EastKieron Zaman
MilanAndrea ArosioFrancesco FaldiDavide Mencacci
New YorkPaul HesslerAaron Javian
ParisAymar de MauléonDavid Swinburne
SingaporePhilip Badge
OfficesFor a full list of Linklaters’ offices worldwide,please go towww.linklaters.com
BANKRUPTCY, RESTRUCTURING, ANDINSOLVENCY: WHY MORGAN LEWIS?
What makes us truly outstanding?
• We are global. In addition to our experience in the United States, we have experience andperspective in non-U.S. and cross-border workouts and insolvencies. We helped found thecross-border workout/insolvency advisory industry, and we have made this work a strategicfocus for more than 25 years.
• We cover all asset classes for creditors.We help creditor clients achieve successfuloutcomes in all debt asset classes—corporate debt, project debt, financial institutional debt,insurance obligations, structured debt, municipal obligations, airline-related obligations,sovereign debt, and nationalized debt—in developed and emerging markets around the world.
• We understand financial crises. We have been working for creditors at the epicenter ofeach recent financial crisis. We restructured numerous U.S. credits in the wake of the savingsand loan crisis of the late 1990s, Latin American credits in the wake of its regional crises inthe 1990s and early 2000s, and East Asian credits in the wake of the region’s currency crisisin the early 2000s, and we have been restructuring credits in the midst of the currentEuropean crisis.
What resources support our success?
• Global offices. The recent Morgan Lewis and Bingham combination provides 700 partnersand nearly 2,000 lawyers located in a tight network of offices in global financial centersaround the world to support cost-effective, 24/7 service for our clients’ matters and needs. In Europe we are present in London, Frankfurt, Brussels, and Paris.
• Creditors’ rights litigation. Our insolvency and creditors’ rights litigation team is deep andexperienced in the United States, the UK, and beyond.
• Key supportive skill sets. We mesh seamlessly with our firm’s other departments to addressall the needs of our matters, including securities law, tax, project finance, energy regulatory,real estate, labor law, mergers and acquisitions, litigation, bank regulatory, and antitrust.
Contacts: Glenn E. Siegel Peter SharpNew York | +1.212.309.6780 London | [email protected] [email protected]
Michael J. Reilly Ronald J. SilvermanHartford | +1.860.240.2748 New York | [email protected] [email protected]
www.morganlewis.com
This communication is provided as a general informational service to clients and friends of Morgan, Lewis & Bockius UK LLP. It should not be construed as, and does not constitute, legal advice on any specific matter, nor does this message create an attorney-client relationship.Attorney Advertising. Please note that the prior results discussed in the material do not guarantee similar outcomes. Morgan, Lewis & BockiusUK LLP is a partnership of Solicitors, Registered Foreign Lawyers and Registered European Lawyers. A list of the names and professionalqualifications of our Partners is available for inspection at the below address. Morgan, Lewis & Bockius UK LLP is authorised and regulatedby the Solicitors Regulation Authority, whose rules can be accessed at rules.sra.org.uk. Our SRA authorisation number is 615176.
©2015 Morgan, Lewis & Bockius LLP
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Norton Rose Fulbright, 3 More London Riverside, London SE1 2AQ, United KingdomTel: 020 7283 6000, Fax: 020 7283 6500, nortonrosefulbright.com
OfficesAcross Europe, the United States, Asia, Australia, Canada, Africa, the Middle East, LatinAmerica and Central Asia.
Financial restructuring and insolvency practiceNorton Rose Fulbright has taken leading roles in some of the largest and most complexcross-border restructurings and insolvencies of recent years, including Nortel Networks,Lehman Brothers, Quebecor World Inc., Danaos Corporation, Pilgrims’ Pride, DraxPower, HIH Insurance and Mirant.
The strength of our financial restructuring and insolvency practice lies in our multidisciplinaryand international breadth. Based throughout Europe, the United States, Canada, LatinAmerica, Asia, Australia, Africa, the Middle East and Central Asia, our financial restructuringand insolvency lawyers handle the most complex assignments worldwide.
Our financial restructuring and insolvency group comprises acknowledged professionalsin restructuring, insolvency and insolvency litigation, and is also able to call on theexperience of our global teams in the fields of banking and finance; corporate, M&A andsecurities; employment and labour; real estate; and tax.
Our areas of work include:
Norton Rose FulbrightNorton Rose Fulbright is a global legal practice. We provide the world’s preeminentcorporations and financial institutions with a full business law service. We have more than3800 lawyers based in over 50 cities across Europe, the United States, Canada, LatinAmerica, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors:financial institutions; energy; infrastructure, mining and commodities; transport;technology and innovation; and life sciences and healthcare. Wherever we are, weoperate in accordance with our global business principles of quality, unity and integrity.We aim to provide the highest possible standard of legal service in each of our officesand to maintain that level of quality at every point of contact.
Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP, Norton Rose Fulbright SouthAfrica (incorporated as Deneys Reitz Inc) and Fulbright & Jaworski LLP, each of which is a separate legal entity, are members(‘the Norton Rose Fulbright members’) of Norton Rose Fulbright Verein, a Swiss Verein. Norton Rose Fulbright Verein helpscoordinate the activities of the Norton Rose Fulbright members but does not itself provide legal services to clients.
ContactsLouis R. Strubeck, Jr.United StatesT: +1 214 855 8040E: [email protected]
Hamish AndersonLondonT: +44 20 7444 3424E: [email protected]
Camille JojoHong KongT: +852 3405 2592E: [email protected]
Steven PalmerMelbourneT: +61 3 8686 6294E: [email protected]
Howard Gorman CalgaryT: +1 403.267.8144E: [email protected]
• complex loan restructurings• committee representations• pre-packaged, pre-negotiated andtraditional plans• bankruptcy and insolvency litigation• valuation and solvency proceedings• municipal bankruptcy and insolvency• debtor-in-possession and exitfinancings
• executory contracts, leases, intellectualproperty licenses, and forward, swapand trading contracts• international bankruptcy and insolvencycases, international insolvencyarbitration, and cross-border recognitionproceedings• sale and purchase of distressed assets• sale and purchase of distressed debtand portfolio sales• lender liability disputes
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Key ContactsRobert S. Hertzberg(Co-Chair)Suite 18004000 Town Center Southfield, MI 48075-1505248.359.7333
and
The New York Times Building 37th Floor620 Eighth Avenue New York, NY [email protected]
David M. FournierHercules Plaza, Suite 5100 1313 Market Street Wilmington, DE [email protected]
www.pepperlaw.com
Offices
Berwyn, PA
Boston
Detroit
Harrisburg
Los Angeles
New York
Orange County
Philadelphia
Pittsburgh
Princeton
Silicon Valley
Washington, D.C.
Wilmington
Corporate Restructuring and Bankruptcy GroupPepper Hamilton’s Corporate Restructuring and Bankruptcy Groupis an integrated national network of more than 25 professionalswho focus their practice on all aspects of reorganizations,bankruptcies, restructurings, workouts and buyouts. Our attorneysregularly practice in courts nationwide, and are experienced inhandling a wide range of insolvency matters involving themanufacturing, energy, construction, health care, asbestos,automotive, retail and food industries, municipalities, among manyothers. Our clients include large national and international publicand privately held corporations, governmental entities, smallbusinesses and individuals.
Representative Current or Recent Engagements
• Special Counsel to the court-appointed trustee for MF GlobalHoldings, Ltd., in the largest commodities broker bankruptcyand liquidation in history, with significant cross-border issuesand proceedings in six countries.
• Special Litigation Counsel to the City of Detroit in the largestmunicipal bankruptcy in U.S. history.
• Regularly represent our foreign representatives in Chapter 15 bankruptcy proceedings in the United States.
• Counsel for the defendant in U.S. v. Quality Stores, in which the Sixth Circuit held that supplemental unemploymentcompensation benefits are not “wages” subject to FICA taxes(argued before the U.S. Supreme Court).
• Co-counsel for the Creditors Committee in the bankruptcy case of Washington Mutual, Inc., the largest bank failure in U.S. history.
Pepper is one of the few national law firms that undertakesinsolvency and restructuring work on behalf of all affectedconstituents in efforts to restructure and rehabilitate distressedbusinesses or liquidate assets to preserve and maximize theirvalue. An important part of our practice involves helping financiallyhealthy companies change their corporate or capital structure,either to enhance their value or to protect them from theconsequences of investments in, or business relationships with,financially troubled companies.
Our group includes the past president of INSOL International andthe past president of the Pennsylvania Bar Association, currentchair of the Business Bankruptcy Committee of the American BarAssociation’s Business Law Section, former FBI Director LouisFreeh, and the risk management consulting company Freeh GroupInternational Solutions, LLC. Several of our partners are membersof the American College of Bankruptcy, which recognizes andhonors practitioners who exemplify the highest professionalqualifications, expertise and leadership in the insolvency field. Our attorneys serve in leadership positions in a variety ofbankruptcy-related organizations; author chapters for nationallyrecognized treatises and articles on restructuring topics; andspeak at leading bankruptcy and insolvency seminars.
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São Paulo Rio de Janeiro Brasília www.pinheironeto.com.br
The FirmFounded in 1942, Pinheiro Neto Advogados is one of the largest law firms in Latin America and one of themost well-established in Brazil. Pinheiro Neto Advogados is a full-service firm with more than 350 lawyersand offices in São Paulo, Rio de Janeiro and Brasília.
Our Restructuring and Insolvency PracticeThe Corporate Restructuring and Insolvency Team seek to provide innovative, pragmatic and effective legal advice to clients involved in any type of distressed situation. The Team’s practice goes back to several restructurings cases much before the new Brazilian Bankruptcy Law became effective in 2005 and changed the landscape for corporate restructurings in Brazil. The leading partners of the CorporateRestructuring and Insolvency Team were members of the Joint Ministerial Committee that assisted theSenate in the legislative process and had significant contribution to the final wording of the new BrazilianBankruptcy Law.
The Team combines efforts with the wide-range and awarded M&A, banking, capital markets, tax and laborpractices of the Firm comprising over 25 partners with experience in corporate restructuring and distressedM&A cases to effective develop and implement ground-breaking strategies for clients in all types ofrecapitalization, refinancing, out-of-court restructurings, pre-packages, judicial reorganizations andbankruptcy liquidation situations.
The Team has a solid reputation in advising creditors, including official and ad-hoc creditors’ committees,financial institutions, Bondholders, syndicated lenders, secured lenders, unsecured lenders, Trustees andagents and derivative counterparties in all types of debt enforcement and foreclosure of collaterals,refinancing processes, judicial and out-of-court reorganization proceedings, bankruptcy liquidation,distressed debt trading opportunities and insolvency and commercial related litigation.
The Team also has a strong reputation in assisting and representing company debtors, managers, boards,owners and shareholders in construing and implementing effective business, operational and/or financialrestructuring in both out-of-court and in-court proceedings, including through the use of innovative pre-package, pre-arranged or judicial reorganization proceedings and techniques. We further drawn upon theFirm’s strong M&A, banking and capital markets teams to advise financial institutions and other lenders inrespect to strategic debtor-in-possession (DIP) and exit financing solutions and distressed investors inmergers and acquisitions involving distressed companies or other asset deals opportunities, whetherthough an in-court process or out-of-court negotiated arrangement. We are also the Firm of choice for themost complex cross-border insolvency and restructuring matters, including advising clients in innumerousChapter 15 (and former Section 364), Australian, Canadian, Italian, Ireland, Netherlands and UK casesinvolving Brazilian debtors and affiliated entities.
Over the years following the promulgation of the new Brazilian Bankruptcy Law the CorporateRestructuring and Insolvency Team has been involved and participated in virtually all high-profile casesinvolving debtors in multiple segments and industries including aviation, auto-parts, automotive,communications, energy, oil & gas, sugar-ethanol, mining, retail, real estate, construction and foodindustries. Our Corporate Restructuring and Insolvency Team has received wide recognition, including both Latin Lawyer Deals of the Year in Restructuring category due to its representations of the FrigoríficoIndependência in its judicial reorganization proceedings (debtor counsel – 2010) and the Ad HocCommittee of Bondholders and the Inter-American Development Bank – IDB, as one of the largestcreditors of Centrais Elétricas do Pará – Celpa, in its judicial reorganization proceeding (creditors’ counsel– 2012). The Firm is also praised as:
• Leading Firm (Band 1) in Bankruptcy & Restructuring in Brazil. Individual recommendations: Luiz Fernando Valente de Paiva and Giuliano Colombo (2011 / 2015 --- Chambers Latin America)
• Insolvency & Restructuring Lawyers: Luiz Fernando Valente de Paiva (2009 / 2014) and GiulianoColombo (2010 / 2014) (Who is Who Legal Brazil)
• “With the strongest insolvency practice of any of Brazil’s ‘Big Six’ firms, Pinheiro Neto is called in timeand again to the country’s most complex cases” (2013 --- Latin Lawyer 250; Restructuring & Insolvency)
ContactsLuiz Fernando Valente de Paiva Giuliano Colombo55 11 3247 8883 | [email protected] 55 11 3247 8661 | [email protected]
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www.ppbadvisory.comPPB Advisory is a leading Australasian professional advisory firm thathelps clients break through the barriers that may hinder their success –whether they need to optimise the value of a business, think differentlyabout how a company is structured, or are in financial distress.
As a team of more than 250 people across Australia and New Zealand, PPB Advisory:
• provides strategic, operational and financial advice
• leads major transactions involving changes of ownership or capitalstructures
• advises on complex business restructures and turnarounds
• undertakes forensic investigations
• provides insolvency services to companies and individuals.
From complex business problems involving multiple stakeholders to anindividual’s business challenges, we’re trusted by our clients to deliversuccessful outcomes skilfully and sensitively.
How we are differentPPB Advisory is different because we’re good with people.
• We build relationships and get better outcomes by building genuinerapport with stakeholders.
• We ask the right questions.
• We listen.
• We generate ideas.
• We take the time to really understand stakeholders’ positions and worktogether to achieve the right solutions.
• We’re good to do business with – approachable and engaging – andour clients enjoy working with us.
Range of assignments PPB Advisory assists companies, government bodies and financialinstitutions and delivers outstanding solutions on landmark assignmentsincluding RM Williams, Elders, BrisConnections, Bandanna Energy,Burrup Fertilisers, Provident Capital, Darrell Lea, ABC Child Care Centresand Lehman Brothers Australia.
PPB Advisory
Contacts
Steve ParberyChairmanT: + 61 2 8116 3000M: +61 418 237 [email protected]
Mark RobinsonPartnerPresident of INSOLInternational with effect from25 March 2015T: +61 2 8116 3020M: +61 419 217 [email protected]
Marcus Ayres PartnerT: +61 2 8116 3295M: +61 414 226 224 [email protected]
Ian CarsonPartnerT: +61 3 9269 4207M: +61 417 009 [email protected]
Stephen LongleyPartnerT: +61 3 9269 4136M: +61 414 921 [email protected]
OfficesAucklandBrisbaneGold CoastMelbournePerthSydney
Corporate Advisory
• strategic reviews
• mergers, acquisitions anddivestments
• debt and equity-raising
• transaction services
• valuations
Restructuring and Turnarounds
• enterprise enhancement
• strategic reviews
• risk advice
• workouts
Forensics and Investigations
• forensic accounting
• forensic investigations
• IT forensics
Insolvency Services
• company insolvencies
• personal insolvencies
Industry ExperiencePPB Advisory has extensiveexperience in these key industries:
• agribusiness
• automotive
• education
• financial services
• health & aged care
• manufacturing
• public sector
• resources & mining services
• real estate & construction
• retail
• transport & logistics.
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© 2015 PricewaterhouseCoopers LLP. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP (a limited liability partnership in the United Kingdom), which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.
Russell DownsEurope and Africa+44 (0) 20 7212 5992 (London)[email protected]
Perry MandarinoUnited States+1 (646) 471 7589 (New York)[email protected]
Ted OsbornAsia Pacific+852 2289 [email protected]
Ian GreenUK+44 (0)113 [email protected]
Matthew WildeMiddle East+971 4 304 3984 (Dubai)[email protected]
Building relationships, Creating value.Our global network means that we have over 2,000 businessrecovery and insolvency experts in 62 countries that can help ourclients when they are having business difficulties. We understandlocal regulatory regimes and how they can impact on a company in different parts of the world.
We understand that different people will want different things and we tailor oursolutions to their individual needs. And we don’t just take the easy decisions,we build consensus where we can and take the lead where we have to.
If you’re looking for more options and new ideas, talk to us and we’ll work withyou to deliver the value you’re looking for.
Rajah & Tann Singapore LLP
9 Battery Road #25-01 Straits Trading Building, Singapore 049910
T: +65 65353600
F: +65 62259630 E: [email protected] www.rajahtann.com
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Contacts
Lee Eng Beng SCManaging PartnerT: +65 62320402E: [email protected]
Patrick AngDeputy Managing PartnerT: +65 62320400E: [email protected]
Lionel TayEquity PartnerT: +65 62320422E: [email protected]
Sim Kwan KiatEquity PartnerT: +65 62320436E: kwan.kiat. [email protected]
Mark ChengEquity PartnerT: +65 62320446E: [email protected]
Offices
Singapore, China, Malaysia*, Lao PDR, Vietnam, Thailand,Indonesia*, Cambodia* andMyanmar
* associate firm
The Firm
Rajah & Tann Singapore is the only Asian Law Firm to be invited as a member in the Group of Thirty-Six (G36) of INSOL International (INSOL).
The firm is one of the largest full-service law firms inSingapore and South East Asia. Over the years, Rajah & Tann has been at the leading edge of Asian law, havingworked on many of the biggest and highest profile cases in the region. The firm has a vast pool of talented and wellregarded lawyers dedicated to delivering the very higheststandards of service across all the firm’s practice areas.
In the last few years, the firm has entered into strategicalliances with leading local firms across South East Asia and this led to the launch in 2014 of Rajah & Tann Asia, a network of more than 500 lawyers. Through Rajah & TannAsia, the firm has the reach and the resources to deliverexcellent service to clients in the region including China, Lao PDR, Vietnam, Thailand, Malaysia, Indonesia, Cambodia and Myanmar. The firm’s geographical reach also includes Singapore based regional desks focusing on Japan and South Asia.
Examples of assignments undertaken
With over 30 lawyers, our Restructuring and InsolvencyPractice is the largest in Singapore and Southeast Asiadealing with banking and financing disputes, corporateinsolvencies and rescues, business advisory, workouts anddebt restructurings, and enforcement of creditors’ rights.
We have been involved in virtually all the most prominentrestructuring and insolvency cases in Singapore’s corporate history. These include our news-makingrepresentation of the judicial managers, inspectors andliquidators of Barings (Futures) Pte Ltd, and first successfulrestructuring of a public company owned by a Chinese State Owned Enterprise when we acted for China Aviation Oil Corporation in a successful debt and equity restructuringinvolving debts of more than US$600 million. More recentmatters include our engagement as Singapore counsel forLehman Brothers and KPMG Singapore in an award-winningdeal involving the acquisition of Lehman Brother’s franchiseacross the Asia Pacific region, in the liquidation of MF Global and in the restructuring involving the Nortel group of companies. Other recent significant deals include majormaritime restructurings such as Torm A/S, Berlian Laju and Glory Wealth.
RBS is an international banking and financial services company.
Headquartered in Edinburgh, RBS operates in the United Kingdom, Europe,
the Americas and Asia, serving more than 30 million customers. Its two
principal subsidiaries, The Royal Bank of Scotland and NatWest, provide
a wide range of products and services to personal, commercial and large
corporate and institutional customers.
RBS Restructuring
RBS Restructuring is a team of skilled turnaround and restructuring specialists
whose remit is to provide support to commercial, corporate and institutional customers
who are experiencing financial distress.
Our objective is to work with businesses and their stakeholders to restore companies
to financial health and strength. We focus on both financial and operational issues
impacting our customers’ businesses and support each customer with a bespoke
approach. The Restructuring team has successfully turned round thousands of
businesses since the financial crisis.
Contacts
Laura Barlow Head of Restructuring [email protected]
Joy McAdam Head of Restructuring UK [email protected]
Gauri Ketcher Head of Restructuring Americas [email protected]
Tim Stewart Head of Restructuring APAC [email protected]
John Davison Head of Strategic Investments Group [email protected]
Declan Hourican Chief Finance & Administrative Officer [email protected]
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Global Solutions
RSM is one of the world’s largest audit, taxand advisory networks. Operating in more than 110 countries and connecting togetherthe talents of over 35,400 professionals, RSM member firms provide a full range ofbusiness advisory and corporate recoveryservices globally.
Local knowledge
Comprising over 700 offices, RSM memberfirms are committed to providing consistentlyhigh levels of professional services across theglobe. Their regional knowledge and insight isessential to understanding local customs,culture, law, practices and sensitivities. Thismeans that in challenging and complex cases,our members are able to devise and deliverthe most innovative solutions worldwide.
Globally connected services
Member firms of RSM deliver practical and timely advice to stakeholders across a wide range of industry sectors that iscommercially aware and technically sound.RSM member firms share best practices and methodologies to meet the legal,commercial and cultural challenges thatinternational assignments bring. Servicesprovided by member firms include:
• Corporate restructuring and turnaround • Independent business and solvency reviews • Full range of formal insolvency services • Working capital and management solutions • Fraud and asset tracing services • Forensic services and corporateinvestigations
• Corporate simplification and managed exits
Contact our global heads of restructuring services in your country:
Europe/Middle East/Africa
Friedrich von Kaltenborn-Stachau (Germany)T: +49 40 35006 0E: [email protected]
RSM Germanywww.rsmgermany.de
Graham Bushby (UK)T: +44 (0)20 3201 8000E: [email protected]
Baker Tilly UKwww.bakertilly.co.uk
Americas
Scott Peltz (USA) T: +1 312 634 4728 E: [email protected]
Mitchell Hirsh (USA) T: +1 312 634 4740 E: [email protected]
McGladrey LLPwww.mcgladrey.com
Asia Pacific
Neil Cribb (Australia) T: +61 8 9261 9342E: [email protected]
Peter Marsden (Australia)T: +61 2 8226 4500E: [email protected]
RSM Bird Cameronwww.rsmi.com.au
YC Chee (Singapore)T: +65 6594 7828 E: [email protected]
RSM Chio Limwww.rsmchiolim.com.sg
Osman Arab (Hong Kong)T: +852 2583 1324E: [email protected]
RSM Nelson Wheelerwww.rsmnelsonwheeler.com
Connect to rsmi.com and connect for success
RSM is the brand used by a network of independent accounting and advisory firms each of which practices in its own right. RSM International Limited does not itself provide any accounting and advisory services.
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With a global network of lawyers based in the United States and Europe, Shearman & Sterling’sFinancial Restructuring & Insolvency Group delivers integrated service on complex globalrestructuring matters. In addition to our cross-border capabilities, we provide local financialrestructuring advice on matters specific to the jurisdictions in which our lawyers practice. Werepresent a broad range of clients, such as financial institutions, hedge funds, corporate debtorsin various industries, ad hoc committees and buyers and sellers of distressed assets, on allaspects of financial restructuring matters.
The complex restructuring matters on which we provide counsel include:
• Distressed Companies | We work with a distressed company’s management and financialadvisors to craft the optimal business-focused solution, with our lawyers providing extensiveexperience in both in-court and out-of-court restructuring proceedings across the globe,including local law expertise in the United Kingdom, the United States, Germany, France and Italy.
• Creditors | Our excellent reputation for creditor work is based on our comprehensiveexperience representing official creditors’ committees, bank debt and ad hoc creditor groups,secured lenders, equity holders, derivative and swap counterparties, security trustees andagents, and other creditors in out-of-court reorganizations, debt restructurings, enforcementprocesses, liability management strategies and bankruptcy proceedings.
• Special Situation Financing | We draw upon Shearman & Sterling’s collective strength in bank and leveraged finance to provide counsel to financial institutions on complex rescuefinancings, debtor-in-possession (DIP) financings and exit financings.
• Distressed M&A | Acquisitions and dispositions involving distressed companies, whether in an out-of-court transaction or within an in-court restructuring process, benefit from ourcombined financial restructuring and M&A knowledge.
• Counterparty Risk/Derivatives | Combining the firm’s experience in the fields ofderivatives and financial restructuring has put us at the forefront of many of the mostsignificant insolvency cases involving derivatives, allowing our in-depth understanding of theinsolvency, derivatives and regulatory aspects of financial institutions and other counterpartyrisks of default to help minimize the extent of counterparty exposure of some of the largesthedge funds and financial institutions in the world.
• Distressed Debt Trading | We represent various sellers, market-makers and buy-sideinstitutions on the purchase and sale of a variety of complex distressed debt trades.
• Chapter 15 and Dual Proceedings Representations | Lawyers in our practice areexperienced in representing companies and creditors in cross-border insolvencyproceedings, including representing companies seeking the assistance of US courts toprotect assets or to stop pending litigation while the companies are subject to non-US courtproceedings, and foreign liquidators with respect to holdings of affiliates that are in chapter11 in the United States.
PRACTICE CONTACTS
United StatesDouglas P. BartnerNew [email protected]
Fredric SosnickNew [email protected]
Edmund M. EmrichNew [email protected]
Jill FrizzleyNew [email protected]
Ned S. SchodekNew [email protected]
United KingdomClifford [email protected]
Patrick [email protected]
Ian Harvey-SamuelLondon+44.20.7655.5000ian.harvey-samuel@shearman.com
Caroline Leeds [email protected]
Solomon J. [email protected]
Anthony J. [email protected]
GermanyWinfried M. [email protected]
Matthias WeissingerFrankfurt+49.69.9711.1260matthias.weissinger@shearman.com
FrancePierre-Nicolas [email protected]
ItalyTobia [email protected]
Valerio [email protected]
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Corporate Restructuring
Global Practice Leader
Jay M. Goffman, Partner 212.735.2120
Deputy Practice Leaders
George N. Panagakis, Partner 312.407.0638Kenneth Ziman, Partner 212.735.3310
London
Chris Mallon, Partner 44.20.7519.7236Dominic McCahill, Partner 44.20.7519.7018
Chicago
John K. Lyons, Partner 312.407.0860Ron E. Meisler, Partner 312.407.0549George N. Panagakis, Partner 312.407.0638Felicia Gerber Perlman, Partner 312.407.0758James J. Mazza, Jr., Counsel 312.407.0741
Los Angeles
Van C. Durrer II, Partner 213.687.5200Glenn S. Walter, Partner 213.687.5149
New York
Jay M. Goffman, Partner 212.735.2120J. Eric Ivester, Partner 212.735.3111Mark A. McDermott, Partner 212.735.2290J. Gregory Milmoe, Partner 212.735.3770David M. Turetsky, Partner 212.735.2569Kenneth Ziman, Partner 212.735.3310Shana A. Elberg, Counsel 212.735.3882
Wilmington
Mark S. Chehi, Partner 302.651.3160Anthony W. Clark, Partner 302.651.3080Robert A. Weber, Counsel 302.651.3144Sarah E. Pierce, Counsel 302 651 3127
Our global corporate restructuring practiceprovides innovative, practical legal solutions toclients involved in distressed company situations.Our focus is on representing companiesexperiencing financial difficulties, purchasers of and investors in distressed companies, andlenders to and creditors of such companies incomplex business reorganizations, troubledcompany M&A, debt restructurings and financingmatters. We also specialize in advising directorsand officers on corporate governance, fiduciaryduty and strategic matters.
• We have played a key role in the most widelypublicized matters in recent years involving troubledcompanies in diverse global industries fromtransportation, energy and steel to retail,telecommunications and financial services, across theAmericas, Asia, Australia, Europe and the Middle East.
• Our unparalleled integration and depth of globalrestructuring and other transactional practices enableus to negotiate and close complex transactions on a fast-track, cost-effective basis.
• We help clients avoid or minimize time spent inrestructuring and insolvency proceedings, alsolowering costs and value destruction; and wepioneered “prepackaged” and “prenegotiated” plans,allowing companies to implement quick financialrestructurings.
• Skadden also is highly lauded for high-stakes troubledcompany and bankruptcy-related litigation, includinghighly expedited litigation.
• Our practice has been consistently recognized bypeers and restructuring professionals as one of the top practices in the world, including such honors as:
• “Bankruptcy Team of the Year” (Chambers USA)• “Insolvency Legal Firm of the Year” and “InternationalInsolvency & Rescue Firm of the Year” (Credit Today)
• “Top Bankruptcy M&A Law Firm” (The Daily Deal)• “Most Innovative Law Firm” and "Most InnovativeLawyer" (Financial Times)
• “Restructuring Team of the Year” (International Financial Law Review)
• “Best USA Law Firm Restructuring Practice” (International Legal Alliance)
• “Restructuring Deal of the Year” (Investment Dealers’ Digest)
• “Restructuring Law Firm of the Year” (M&A Advisor)• “The Decade’s Most Influential Lawyer”(National Law Journal)
• “Dealmakers of the Year” (American Lawyer)• “Bankruptcy MVP” (Law 360)
“The best set at the Bar for insolvency” Legal 500
“An unbeatable repository of specialist insolvency advisers and advocates”Chambers UK
South Square is a top tier set of commercial barristers based in London,specialising in insolvency and restructuring, banking and finance, company andfraud-related disputes.
Our barristers are recognised as leaders in the field of insolvency andrestructuring, having played pivotal roles in every major matter of the lastdecade, whether in litigation or non-contentious restructuring.
In 2014, South Square was named Insolvency/Corporate Restructuring Set of the Year at the both the Chambers UK and Legal 500 UK Bar Awards.
Our Work
Renowned for their commercial approach, unrivalled technical knowledge ofinsolvency law and polished advocacy, South Square’s barristers at both silkand junior level routinely appear in the highest-profile disputes.
Recent and significant cases include PwC v Saad (assistance of foreignliquidators), Picard v Primeo (assistance of foreign liquidators), Re LehmanBrothers International (Europe) (the “Waterfall Application” and “Waterfall 2”),Re Games Station (rent in administration proceedings), Re Tambrook Jersey(co-operation between courts), BNY v Eurosail (test for balance sheetinsolvency), Landsbanki v Heritable (Icelandic credit institutions, set-off), Rubin v Eurofinance (recognition of judgments in foreign insolvencyproceedings), and Belmont v BNY (anti-deprivation principle).
South Square continues to be involved in large on-going corporate insolvencies,including MF Global, Rangers FC and Phones 4u.
Our work extends beyond England and Wales, with barristers regularlyappearing in courts and tribunals around the world, including the Caribbean,Bermuda, Dubai, Hong Kong and Singapore.
For more information, contact our practice managers: E: [email protected] T: +44 207 696 9900
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www.southsquare.com
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International law firm Weil, Gotshal & Manges LLP has approximately 1,200 attorneys in 20 offices in theUnited States, Europe, and Asia. Headquartered in New York City, it maintains offices in Beijing, Boston,Budapest, Dallas, Dubai, Frankfurt, Hong Kong, Houston, London, Miami, Munich, Paris, Prague,Princeton, Providence, Shanghai, Silicon Valley, Warsaw and Washington, DC.
Weil’s elite status among international law firms owes greatly to the extraordinary balance it maintains,both in its geographic reach as well as its diversity of practice areas. The firm’s client roster includesleading companies in a broad range of industries on a global basis. This diversity of legal disciplines andgeographies leads to a highly collaborative firm culture where client relationships span several officesand practice groups, enabling the firm’s lawyers to develop and perfect specialties to address and resolvecomplex legal problems from a broad, interdisciplinary perspective.
The firm’s global crisis management and restructuring work serves as an excellent illustrationof Weil’s ability to help clients face the most complex, high-profile challenges in a changing marketplace.The firm’s work in this area covers novel legal challenges brought about by the changing financialparadigm and includes cross-border and multijurisdictional insolvency issues in connection with globalbanking and manufacturing concerns; assisting private equity sponsors and hedge funds in managingand/or restructuring portfolio companies; distressed investing; a cutting-edge, industry-leading practicein unwinding derivative transactions on behalf of bankrupt entities; and negotiating with government andregulatory authorities on behalf of troubled companies. Weil’s approach to these challenges is framedby interdisciplinary teams customized to address each client’s particular issues, drawn from nationallyand globally recognized practices in Bankruptcy/Restructuring, Securities Litigation, CorporateGovernance, Structured Finance, M&A/Private Equity, Banking & Finance, and SEC Regulatory andCompliance, and intimate knowledge of, and ongoing involvement with, the financial instruments at issue,including asset-backed securities (ABS), collateralized debt obligations (CDOs), credit default swaps(CDSs), structured investment vehicles (SIVs), and collateralized loan obligations (CLOs).
Business Finance & Restructuring Department Referred to by The American Lawyer as “the gold standard of the bankruptcy bar,” Weil’s Business Finance& Restructuring Department is considered a leader in the world and maintains a significant presence in thefirm’s New York, Dallas, Houston, Washington, DC, London, Munich, Paris, and Frankfurt offices. Thefirm’s lawyers counsel a uniquely wide range of constituencies, including debtors, creditors, equity holders,committees, and potential purchasers of troubled companies or their assets. In addition to its preeminentposition assisting troubled companies, Weil’s restructuring lawyers have advised several nations seeking to develop sophisticated laws governing insolvency and restructuring.
The firm’s work has taken it into the epicenter of the credit crisis, advising global financial institutions –including MF Global, Lehman Brothers, FGIC (rehabilitator), Washington Mutual, AIG, and Kaupthing Bank– in their restructuring activities. Weil has also represented debtors in some of the largest globalinsolvencies, including AMR Corp., General Motors, General Growth Properties, and most recentlyEndeavour International Corporation. Other recent engagements include representing FGIC in connectionwith the chapter 9 case of Detroit, and National Public Finance Guarantee, a subsidiary of MBIA, in thechapter 9 cases of Stockton and San Bernardino, California. Weil has also acted for Barclays, Brookfield,Centerbridge, Deutsche Bank, JPMorganChase, Citi, Credit Suisse, Davidson Kempner, Oaktree, GeneralElectric, Morgan Stanley, Goldman Sachs, Silver Point and other lenders and investors on a range of US and European restructurings.
New York Marcia L. Goldstein,Global Co-Head of Restructuring 212.310.8214Gary T. Holtzer, Global Co-Head of Restructuring 212.310.8463Ronit J. Berkovich 212.310.8534Debra A. Dandeneau 212.310.8541Garrett Fail 212.310.8451Stephen Karotkin 212.310.8350Robert J. Lemons 212.310.8924Jacqueline Marcus 212.310.8130Harvey R. Miller 212.310.8500Brian S. Rosen 212.310.8602Ray C. Schrock, P.C. 212.310.8210Joseph H. Smolinsky 212.310.8767Michael F. Walsh 212.310.8197
DallasMartin A. Sosland 214.746.7730Stephen A. Youngman 214.746.7758FrankfurtUwe Hartmann +49.69.21659.691HoustonAlfredo R. Pérez 713.546.5040LondonAdam Plainer +44.20.7903.1030Paul Bromfield +44.20.7903.1064Mark Lawford +44.20.7903.1050Andrew J. Wilkinson +44.20.7903.1068Alexander Wood +44.20.7903.1206ParisJean-Dominique +33.1.4421.9797Daudier de CassiniPhilippe Druon +33.1.4421.9797
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Unmatched Problem Solving and Strategic ThinkingThe White & Case Global Financial Restructuring and Insolvency Group is an integrated team of morethan 160 lawyers in 25 countries who practice exclusively or principally in the area of bankruptcy andinsolvency law. As a recognized leader in complex cross-border insolvencies and workouts, the grouprepresents clients in all aspects of restructurings, workouts and insolvency matters, including bothtransactional and litigation matters. We regularly represent multinational corporations in simultaneousproceedings in virtually every corner of the world.
ExperienceOur completed and ongoing assignments in 2014 reflect the diversity and dynamism that have becomehallmarks of our global restructuring practice. Importantly, we have been able to regularly achieveextraordinary results for clients facing long odds in difficult positions.Among others, we have recently been involved in the following matters:
• Almatis Chapter 11 • Global Investment House • PrimacomK.S.C. Restructuring
• Apcoa • Global Safety Textiles Chapter 11• APP China Limited • Greek Sovereign Debt • PRO DV Software AGRestructuring• Bank of Ireland • In re Zais IG Ltd VII • Residential Capital• BI-LO Chapter 11 • Jinro (HK) International
Limited Restructuring• Centaur Racing • JSC Alliance/BTABank • Six Flags Chapter 11Casinos Chapter 11• CEDC • Kaupthing Bank • Texas Rangers Chapter 11• Chrysler Chapter 11 • Lehman Brothers Holdings • Torm Shipping
Inc. Chapter 11• CSN Houston Chapter 11 • LightSquared, Inc. • Tribune Company Chapter 11(NBA Houston Rockets)• Dynegy • Major League Baseball • Trump Casinos Chapter 11
(LA Dodgers Bankruptcy)• Flying-J Chapter 11 • Metaldyne DIP Financing • Tricom Chapter 11• GDE Restructuring • Natural Products Group • Visteon Corp. Chapter 11
Prepackaged Chapter 11• General Maritime • New World Resources • Vitro S.A.B. Restructuring• Generation Brands • Omega Navigation • Washington Mutual Chapter11Prepackaged Chapter 11 whitecase.com
North America
Latin America
Europe
Russia/CIS & Asia
John K. CunninghamMiami +1 305 995 5252New York +1 212 819 8388Email: [email protected]
Craig AverchLos Angeles +1 213 620 7704Email: [email protected]
Donald E. BakerSao Paulo +55 11 3147 5601Email: [email protected]
Thierry BoslyBrussels +32 2 239 25 09Email: [email protected]
Biner BährDüsseldorf +49 211 540 680 164Email: [email protected]
Leila RoederMunich +49 89 206043 770Email: [email protected]
David PlchCentral & Eastern Europe +420 255 771 298Email: [email protected]
Tom SchorlingFrankfurt +49 6929994 1525Email: [email protected]
Baldwin ChengBeijing +86 10 5912 9682Email: [email protected]
Guan Feng ChenSingapore +65 634 1327Email:[email protected]
Thomas E LauriaMiami +1 305 995 5282New York +1 212 819 2637Email: [email protected]
Scott GreissmanNew York +1 212 8198567Email: [email protected]
Vicente CortaMexico City +52 55 5540 9602Email: [email protected]
Christian PilkingtonLondon +44 20 7532 1208Email: [email protected]
David MansonLondon +44 20 7532 1212Email: [email protected]
Laura PraterLondon +44 20 7532 1306Email: [email protected]
Sven-Holger UndritzHamburg +49 40 35005 184Email: [email protected]
Riaz JanjuahHamburg +49 40 35005 208 Email: [email protected]
Margaret ColeAbu Dhabi +971 2 611 3400Email: [email protected]
Koichiro OhashiTokyo +81 3 6384 3151Email: [email protected]
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Zolfo Cooper is a leading independent provider of advisory and restructuring services. Ourexpert teams provide leadership and stability to companies and their stakeholders in times offinancial and operational distress, with an unstinting focus on providing the highest qualityservice for our clients. With offices located in the world’s leading financial centres, the ZolfoCooper companies and our international affiliates offer a wide range of services spanning thelocal mid-market through to the very largest and most complex cross-border cases.
RestructuringAs a leading provider of financial advisory and stakeholder management services, we are wellpositioned to provide immediate assistance to companies in distress. We are renowned for ourability to work in complex situations alongside stakeholders to restore operational and financialstability. We have a proven track record of identifying the underlying problems in a company, thendeveloping and implementing creative but practical solutions to resolve those problems.
Financial advisory servicesThe diverse background, technical skill sets, and sophisticated financial and commercialknowledge of our teams, makes us ideally placed to provide advice and support to companiesthat need to secure new funding. Whether by negotiating debt restructuring programs, advisingon pension deficit issues or identifying non-core assets for disposal and assisting with thedivestiture, our professionals are able to provide solutions to each company’s unique needs.
Formal insolvencyOur insolvency professionals have extensive experience in accepting appointments, rangingfrom the simplest to the most complex of financial, retail or industrial entities throughout theworld. No matter the nature of the engagement, we work to ensure a proactive realisation ofassets to promote rapid distributions to creditors or investors.
Litigation supportWhenever complex commercial litigation arises, our experts are on hand to provide support and assistance. In matters involving claims for damages, they can assess and quantify thosedamages independently and objectively. In dealing with claims of fraud or other illegal matters,by combining financial insight and experience with investigative techniques, our team of forensicaccountants and computer forensic experts are able to recover and analyse evidence andprovide expert reports on their findings.
For more information about our business, our service and how we can help you please visitwww.zolfocooper.com or contact one of our offices worldwide.
Zolfo Cooper Offices
Zolfo Cooper UK - Simon Freakley +44 (0) 20 7332 5000Zolfo Cooper US - Jonathan A. (Joff) Mitchell +1 212 561 4000Zolfo Cooper (Cayman Islands) Ltd - Jim Cleaver +1 345 946 0081Zolfo Cooper (BVI) Ltd - Stuart Mackellar +1 284 852 9600Zolfo Cooper Hong Kong - Bruno Arboit +852 3468 3568
Affiliate Offices
Eight Advisory – France - Justin Welstead +33 0 1 45 61 88 88Ferrier Hodgson – Australasia - George Georges +61 3 9600 4922McStay Luby – Ireland - Jim Luby +353 1 676 3566 Thierhoff Müller & Partner – Germany - Michael Thierhoff +49 69 97 995 30
INSOL INTERNATIONAL
6-7 Queen Street, London EC4N 1SP, UK Tel: +44 (0)20 7248 3333Fax: +44 (0)20 7248 3384
www.insol.org