January 26, 2011
Global law firm, Weil, Gotshal & Manges, is delighted to announce the recruitment of Adam Plainer to lead its London restructuring team.
Adam joins from Jones Day where he is the London Head of Restructuring and has led a wide range of matters from debtors counsel to insolvency, financial restructurings and distressed M&A. Adam's representation of out of court restructuring and formal insolvency work includes advising:
- the board of XL Leisure and its administrators;
- the administrators of Birthdays Limited;
- the board of Ennstone Plc on a pre-packaged administration;
- various creditors in the restructuring of the Cheyne, Whistlejacket, K2, and Sigma Structured Investment Vehicles;
- the company on the restructuring of Agcert International plc;
- Honda Motor on the administration of the Super Aguri F1 team and the restructuring of HondaGP; and
- various lenders on the restructuring of Premier League football clubs.
Barry Wolf, Weil's Firm Managing Partner, explained, "One of our strategic goals for 2011 is to build on Weil's premier restructuring franchise. Adam is a superb addition to our global team and is the right person to expand this practice in London."
Adam is very well regarded by the restructuring community and the legal directories where he is praised for "personalised service and flexible commercial approach" (Chambers) and being "unflinching in delivering client needs" (Legal 500).
Marcia Goldstein, Weil's global head of restructuring, said, "Having the right person to lead the UK practice and play a strategic global role is crucial for us - Adam has exactly the right combination of wide-ranging experience, great legal ability and leadership skill that we have been looking for. With Adam in place and with a mandate to build out the European team further, the opportunities for our global restructuring practice are stronger than ever."
Adam joins a Weil team that has been particularly active in Europe, advising on the following high profile matters in the past 12 months:
- Dubai International Capital's restructuring of Almatis by means of pre-pack chapter 11 proceedings;
- TI Automotive on its restructuring using an innovative scheme of arrangement;
- Lone Star's acquisition of distressed German bank, Dusseldorfer Hypothekenbanken AG;
- SDG Group's complex cross border restructuring, one of the largest debt restructurings in France;
- Le Monde's debt restructuring; and
- WKO, the holding company of Wilhelm Karmann GmbH, on restructuring transactions with Volkswagen.
as well as a wide range of ongoing work for Lehman Brothers Holdings Inc in the areas of client monies, derivatives and pensions which are at the cutting edge of insolvency law-making, and for Kaupthing Bank in Iceland.
Michael Francies, Weil London Managing Partner, commented, "Our London office's successful track record has been based for many years on the balance of private equity and restructuring work. Adam's experience is a perfect fit for us as a firm, as we look to him to help lead the expansion of our European platform to complement the strength and depth of our preeminent US and global brand."
Weil recently recruited James Hogben, previously a finance partner at Ashurst, as part of the ongoing growth plans of the London Finance team.