Restructuring and insolvency
The success of your organisation is inevitably exposed to turbulent economic and political conditions, and the world is currently an unpredictable place to be.
Even without those external forces, every business goes through challenging times at some point depending on its stage of growth. As a business leader, your organisation going through financial or operational difficulties can be incredibly stressful.
We work closely with directors and leadership teams to preserve the value in your organisation and where possible return operations to health and success. Should that not be possible, and all options have been explored, our insolvency specialists quickly and pragmatically work to secure the best outcome for all.
In the course of business, you may sometimes find yourself dealing with a business partner with monies owed to you facing a distressed situation. Or if you are a lender or creditor who suddenly finds yourself in a situation where payments owed to you have been defaulted, our team has deep experience to guide you through the situation to devise a strategy which best protects your interests.
Part of a team of over 150 disputes specialists globally across 18 offices, our team is well-placed to help where your insolvency or restructuring has assets held cross-border.
We were recently international and lead counsel to Bumi Resources, one of the fastest growing energy and mining companies in Asia and the world, in a complex debt restructuring that involved local law advice in Singapore, Indonesia, the US as well as English law jurisdictions. Our global team was made up of restructuring and corporate law specialists, and we successfully restructured Bumi Resources’ US$4.5 billion of financial debts including three US dollar denominated bond issues, six bank syndicated loans, and loans from two Chinese entities into approximately US$2.3 billion of new debt, comprising senior loans and notes, mandatory convertible bonds and contingent value rights, in addition to new Bumi equity issued pursuant to a rights offering for the remainder of the amount. This was awarded Finance Deal of the Year: Insolvency and Restructuring at The Asian Legal Awards 2018.
We are proud of our role in creating and defending success at every stage of the business life cycle and do this in and out of court. Clients include multi-national companies, financial institutions, individual directors, trustees and investors as well as advisors and insolvency administrators.
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