Restructuring & Insolvency.
Two courts, one valuation record.
The work — Distressed situations from both sides of the table, usually with a cross-border element and always with a valuation fight at the centre of them.
What we cover — Chapter 11 representation of debtors-in-possession and ad-hoc creditor groups. Part 26A restructuring plans, schemes of arrangement and CVAs in England. Contested confirmation, cramdown and cross-class cramdown. Liability-management exercises and out-of-court restructurings. Distressed M&A and section 363 sales. Recognition and comity questions under Chapter 15.
How we work — In a cross-border case the side that controls the valuation record controls the outcome. We fix a single expert position before either court reads the disclosure statement: same financial witnesses, same exhibits, same theory of distributable value, with the legal arguments diverging cleanly on top of it. Confirmation in New York and sanction in London then proceed on substantially overlapping records, and the debtor has no inter-forum wedge to drive.
Recent matter — The ad-hoc group of senior secured creditors in a multinational issuer’s parallel Chapter 11 and Part 26A proceedings. Both courts approved the senior group’s amended structure. The first-lien class received par-plus consideration on a $1.2 billion position.
