Neil Devaney

Biography

Neil Devaney is a partner in the European restructuring practice. He has extensive cross-border finance, restructuring and insolvency experience advising a range of clients on complex, high-value, debt restructurings.

Neil also handles bespoke financing arrangements in stressed, distressed and special situations.

Neil is recognised as a market-leading practitioner across all major legal directories, including Chambers UK, Legal 500 UK and IFLR1000 and was described by clients in the most recent edition of Chambers as the "star of a new generation". He has been described by Legal 500 as “technically strong and commercial.”

Neil is a member of the Insolvency Lawyers’ Association (ILA) and R3: Association of Business Recovery Professionals.

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

Previous experience prior to joining Weil:

  • 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.

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