Notable Representations, Key Contacts
European Restructuring Overview
“The crème de la crème of the … restructuring market”
We specialise in helping our clients navigate complex multi-jurisdictional restructurings and insolvencies, to preserve and enhance value.
Our integrated European Restructuring practice is a key part of our global group of over 100 dedicated restructuring lawyers, including a significant number recognised as leaders in their field.
The largest, most complex and most important restructuring matters in history have required a truly international firm which can handle all aspects of the restructuring process across Europe, the US, and Asia.
Weil is a recognised leader in this area, with our deep bench of specialist resources. We have been described by the leading legal directories as the “gold standard” of bankruptcy practices and as a “restructuring powerhouse”.
Many firms may claim to offer an international service, but our fully integrated global platform means that we can marshal resources quickly and efficiently to provide sound strategic, commercial, and legal solutions in time-sensitive situations.
Our work on the European aspects of some of the most notable restructurings of recent time (including Edcon, Ukraine, MF Global, and Lehman Brothers) demonstrates our ability to master domestic and pan-European issues to untangle incredibly complex businesses.
We regularly act for a wide range of stakeholders including debtors, creditors, creditor committees, sophisticated distressed investors, private equity sponsors, boards of directors, and insolvency practitioners. Our diverse expertise encompasses debt restructuring, distressed M&A activity, insolvency litigation, contingency planning, formal insolvency procedures and distressed investing. Our clients benefit from our wide-ranging industry experience in a variety of sectors including financial services, manufacturing, energy and retail.
In addition to our international reach, our strength also lies in our ability to innovate. We work collaboratively with clients to develop and implement novel, tailor-made restructuring solutions and products.
For any distressed situation, Weil is the go-to firm. From debtors to creditors to investors, Weil’s European Restructuring practice is unparalleled in experience, client service, and results.
European Track Record
“My go-to firm, not just for general insolvency and restructuring, but for anything out of the ordinary”
Weil’s company-side platform is unrivalled. Our approach is to achieve an expeditious and economical restructuring that maximises value for stakeholders with minimal dislocation to business operations, employees, and customer and vendor relationships. Weil leverages top tier expertise in banking and structured finance, mergers and acquisitions, litigation, corporate governance, competition, employment, pensions and tax law, enabling us to guide clients through the often complex restructuring process. These may, for example, include complex cross-border distressed loan workouts, swaps, asset sales, and litigation.
- BHS [on its landlord company voluntary arrangements (CVAs)]
- 1Malaysia Development Berhad
- Endeavour International Corporation
- ČEZ Group
- CPI Group
- General Motors
- Paragon Offshore
- Claire's Stores
- Syncreon Group B.V.
- Folli Follie
Weil advises most major national and international lenders and bondholders, including secured lenders, unsecured creditors, agents, official committees of creditors, ad hoc groups of creditors, and other parties in interest.
- General Healthcare Group
- KCA Deutag
- Dana Gas
Our top tier European Restructuring and Private Equity practice groups work together seamlessly on behalf of private equity firms and portfolio companies. We are regularly involved in some of the largest, most high-profile and complex private equity-related transactions, including refinancings and recapitalisations.
- A.T.U. Auto-Teile-Unger GmbH
- Carbone Savoie
- NextiraOne France
- Findus Foods
- Ad van Geloven
Our Restructuring team works in close collaboration with our market-leading Structured Finance and Corporate teams to advise on non-performing loan transactions, including innovative structuring and portfolio sales.
- KKR Credit
- Other major global funds
With unrivalled experience built through having advised Lehman on all non-US issues relating to its historic bankruptcy filing in the US in 2008, and KPMG, as Special Administrator, on MF Global UK’s special administration, the largest European collapse since Lehman, Weil is a clear market leader in advising on formal insolvencies.
- Endeavour Energy
- CHC Group
- BHS [on its landlord company voluntary arrangements (CVAs)]
- MF Global UK
- Lehman Brothers
- BAICO (Barbados)
- La Senza
- Kaupthing Bank
- Abraaj Group
“Undertaking some of the most high-profile international restructurings of recent times. A full-service, partner-led offering acting for clients from all areas of the market and advising on the full spectrum of big-ticket matters”
Our Restructuring team provides clients with full-service solutions on restructuring matters. We leverage the top tier expertise available within the Firm including banking and finance, mergers and acquisitions, litigation, derivatives, corporate governance, competition, employment, and tax law.
This enables us to guide clients through the often complex restructuring processes, which may, for example, include complex cross-border distressed loan workouts, swaps, asset sales, and litigation.
Weil's Multi-disciplinary Approach
The Corporate team advises on the equity, governance and other corporate aspects of private and public company restructurings, including all aspects of the Listing Rules and liaising with the Takeover Panel. Recent examples include the restructurings of EnQuest plc, Solocal, MF Global, Vivarte, Camaieu, Spir, Alma, AgroGeneration, Findus Group and Ad Van Geloven.
The High Yield team advises on high yield refinancings. Recent examples include the high yield restructurings of Edcon and EnQuest.
The Banking team advises on the finance aspects of restructurings, debt for equity swaps, and NPL sales and purchases and other distressed transactions. Recent examples include the restructurings of Bartec, Solocal, Vivarte, Camaieu, Latecoere, Findus and Ad van Geloven.
The Structured Finance team advises on structured product restructurings, derivatives aspects, and on the purchase of NPLs. Recent examples include the General Healthcare Group (GHG) restructuring, Lehman Brothers, MBIA and Project River.
The Litigation team advises on the contentious aspects of restructurings and formal insolvencies. Recent examples include 1Malaysia Development Berhad on its dispute with IPIC, the (GHG) restructuring, MF Global, and Lehman Brothers.
“Very attentive levels of service… more commercial in their manner than some of their rivals. Never seemingly forgetting what their client is keen to achieve.”
We offer clients a tailored and unique suite of value-added services. Examples include:
- European Restructuring Watch: market-leading microsite which provides regular market intelligence on key developments in restructuring and opinion on breaking news items
- Topical legal and market seminars, which our lawyers would be delighted to deliver to you in-house in order to support your team’s professional development
- Referral arrangements
- Relevant publications, briefings and market updates sent to your teams
Weil’s European Restructuring Watch is published by Weil’s London restructuring group, together with our European colleagues. It presents the views of our partners and associates and those of colleagues in specialist teams across Europe. We regularly post entries on legal and marketplace developments.