Corporate Recovery and Insolvency

Our key experience includes advising:

HM Treasury in conjunction with its own lawyers in relation to numerous aspects of the Government support given to the banking industry.

Carl Zeiss AG on the restructuring of the EUR586/US$389 million syndicated financing of Carl Zeiss Vision GmbH. We advised with Hengeler Mueller on this matter.

Icelandic bank, Glitnir, on its winding up, particularly the adjudication process relating to the claims filed by international creditors, the development of a distribution proposal and stakeholder management and strategic guidance.

Uniq plc, the chilled convenience food group, on a pension debt for equity exchange involving the Trustee of the Uniq Pension Scheme in order to divest the company of an unsustainable pension deficit.

Taylor Wimpey, one of the largest house building groups in the UK, on the successful completion of the refinancing of its debt.

Ernst & Young LLP as the administrators of Hellas Telecommunications, on the pre-packaged administration sale of the shares of Wind Hellas, Hellas Telecommunications’ wholly-owned subsidiary.

General Motors UK and other UK companies in the General Motors group on matters connected with the Chapter 11 filing by General Motors Corporation and the restructuring of General Motors Europe.

Castle Holdco 4 Limited, the parent company of Countrywide plc, on its restructuring and Chapter 15 recognition proceedings in New York.

Raymarine plc, the marine electronics company, in relation to offers to acquire its business, its administration and the sale of its business operations.

American Capital and European Capital, a member of its group, on matters connected with the restructuring of their European debt facilities.