Neil Devaney
Biography

Neil’s practice is focused on providing practical, leading-edge advice to companies and their stakeholders on complex, high value debt restructurings.
Neil works with credit funds, senior management and private equity sponsors on stressed, distressed and special situations. He also advises on associated M&A and alternative investments.
Described by clients as “the ideal combination of technical knowledge, diligence and commerciality”, Neil is consistently recognised as a market-leading restructuring lawyer across all major legal directories. In Chambers UK, clients comment that “Neil is able to look through complexity to come up with pragmatic and innovative solutions, and is willing to fight for his clients' interests in difficult circumstances" with others stating that "From a technical perspective Neil is excellent - a 360-degree lawyer".
Representative Matters:
- Advising an ad hoc group of bondholders of UK based engineering, construction and energy transition business, Petrofac, in relation to the Group’s global restructuring
- Advising an ad hoc group of lenders to European vending machine business, Selecta, in relation to the Group’s restructuring, implemented through a distressed disposal in the Netherlands
- Advising an ad hoc group of bondholders of Swedish debt collector, Intrum, in relation to its restructuring, implemented pursuant to chapter 11 and Swedish reorganisation proceedings
- Advising Vialto Partners, a CD&R portfolio company, on its recapitalization and refinancing of its debt facilities
- Advising Ares on the refinancing and recapitalisation of TalkTalk, a UK telecommunications group
- Advising IGM Resins, an Astorg portfolio company, on its recapitalization and refinancing of its debt facilities
- Advising an ad hoc group of lenders in relation to the global restructuring of oil and gas EPC business, McDermott
- Advising an ad hoc group of bondholders of French services business, Atalian, in relation to the Group’s restructuring
- Advising an ad hoc group of bondholders of Ideal Standard in relation to its distressed exchange offer and consent solicitation
- Advising an ad hoc group of bondholders in relation to the recapitalisation and financial restructuring of the Frigoglass Group
- Advising an ad hoc group of lenders to the world’s largest regional aircraft lessor, Nordic Aviation Capital, in relation to its restructuring by way of chapter 11 proceedings
- Advising an ad hoc group of lenders to UK based deepwater drilling contractor, Seadrill, in relation to the Group’s restructuring implemented pursuant to chapter 11 bankruptcy proceedings
- Advising an ad hoc group of bondholders of Spanish based construction and civil engineering company, Obrascón Huarte Lain, in relation to the Group’s debt for equity swap, implemented through a scheme of arrangement in the UK
- Advising an ad hoc group of bondholders of UK based speciality metals producer, Ferroglobe, in relation to the Group’s financial restructuring
- Advising Europe’s largest cinema operator, Odeon (part of the AMC Entertainment Group), in relation to the Group’s financial difficulties and the refinancing of its European business
- Advising an ad hoc group of creditors of UK based drilling and engineering contractor, KCA Deutag, in relation to the Group’s debt for equity swap, implemented through a scheme of arrangement in the UK
- Advising an ad hoc group of bondholders of Caribbean mobile phone operator, Digicel, in relation to the Group’s balance sheet restructuring, implemented through a series of exchanges offers, coupled with a scheme of arrangement and provisional liquidation in Bermuda
Firm News & Announcements, Awards and Recognition, Speaking Engagements, Guides and Resources, Latest Thinking
Firm News & Announcements
- Weil Advises on the Debt and Equity Recapitalization of the Selecta Group Deal Brief — August 01, 2025
- Weil Honored with Three Awards at 2025 IFLR Europe Awards Firm Announcement — April 04, 2025
Latest Thinking
- Cross Border Recognition of Restructurings: The 2019 Hague Judgments Convention comes into effect in the UK Blog Post — Weil European Restructuring Watch — By Neil Devaney, Natasha Ayres, Matt Benson, Lois Deasey, Jenny Davidson, Gemma Sage and Mark Lawford — September 01, 2025
- Consultation for new Practice Statement for schemes of arrangement and restructuring plans Blog Post — Weil European Restructuring Watch — By Natasha Ayres, Neil Devaney, Matt Benson, Jenny Davidson, Lois Deasey, Gemma Sage and Mark Lawford — May 20, 2025
- Consultation for new Practice Statement for schemes of arrangement and restructuring plans Blog Post — Weil European Restructuring Watch — By Natasha Ayres, Neil Devaney, Matt Benson, Jenny Davidson, Lois Deasey, Gemma Sage and Mark Lawford — May 14, 2025
- English High Court convenes separate meetings of opposing creditors in two creditor Part 26A restructuring plan Blog Post — Weil European Restructuring Watch — By Neil Devaney, Natasha Ayres, Matt Benson, Lois Deasey, Jenny Davidson, Gemma Sage and Mark Lawford — May 08, 2025
- The Weil European Distress Index Blog Post — Weil European Restructuring Watch — By Andrew Wilkinson, Neil Devaney, Jean-Dominique Daudier de Cassini, Céline Domenget-Morin and Britta Grauke — April 01, 2025