Neil Devaney

Biography

Neil Devaney

Neil Devaney is a partner in the European restructuring team.

Neil’s practice is focused on advising ad hoc groups of senior and subordinated creditors, debtors and private equity sponsors on complex, high-value, debt restructurings. He also acts for multi-strategy credit funds and investment banks on bespoke financing arrangements in stressed, distressed and special situations.

Neil has led clients through some of the largest and most complicated financial restructurings that have taken place in Europe in recent years. He is consistently recognised as a market-leading restructuring lawyer across all major legal directories, including Legal 500, IFLR 1000 and Chambers UK, where he has recently been described by clients as “extremely intelligent and technically brilliant”, “very pragmatic” and the “star of a new generation”.

Before joining Weil, Neil was a partner in the restructuring practice of another major international law firm.

Representative Matters:

  • Advising an ad hoc group of senior creditors of UK based drilling and engineering contractor, KCA Deutag, in relation to the Group’s financial difficulties
  • Advised an ad hoc group of bondholders on the restructuring of Galapagos, a German industrials business, involving a distressed disposal of the group implemented through an enforcement sale in Luxembourg.*
  • Advised an ad hoc group of senior creditors of Noble, a Singapore listed commodities trader, on the group's new financing and debt for equity swap, involving parallel schemes of arrangement in the United Kingdom and Bermuda, and a "light touch" Bermuda provisional liquidation.*
  • Advised an ad hoc group of bondholders on the restructuring of Frigoglass, a Greek-listed glass and refrigeration business, involving a new capital injection and debt-for-equity swap implemented through a scheme of arrangement in the U.K.*
  • Advised an ad hoc group of senior bondholders of Avanti Communications, a U.K.-listed satellite operator, on the group's new financing and debt-for-equity swap, involving an exchange offer and English scheme of arrangement.*
  • Advised an ad hoc groups of senior creditors on the restructuring of the collapsed Icelandic banks Glitnir, Kaupthing and Landsbanki.*
  • Advised an ad hoc group of bondholders on the restructuring of Magyar Telecom (Invitel/HTC), a Hungarian telecoms operator, involving a debt-for-equity swap implemented through a scheme of arrangement in the U.K.*
  • Advised unsecured noteholders of Quinn Group, an Irish building products conglomerate, on the group’s debt-for-equity swap implemented using a CVA in the U.K.*
  • Advised an ad hoc group of secured bondholders on the restructuring of WIND Hellas, a Greek mobile operator, involving a debt-for-equity swap implemented through administration sales and a scheme of arrangement in the U.K.*
  • Advised mezzanine lenders to Bulgaria Telecom (VIVACOM), a Bulgarian mobile and fixed line operator, on the group’s debt-for-equity swap implemented using an English scheme of arrangement.*
  • Advised unsecured noteholders of Technicolor (Thomson), a French-listed media group, on the group’s debt-for-equity swap implemented under sauvegarde in France.*

* Experience gained at previous firm

Firm News & Announcements

Firm News & Announcements