Europe - France
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Insolvency

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Linklaters

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Linklaters houses a broad restructuring and insolvency offering, ranging from pre-insolvency proceedings through to liquidation, although it has a particularly strong record in complex, high-profile financial restructuring deals. The firm’s client base is equally extensive, including debtors, creditors, sponsors, shareholders and managers (with notable expertise in advising funds). Expert in cross-border financial and operational restructurings Carole Nerguararian is a key member of the team. Former practice head Aymar De Mauléon left the firm in 2025.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Very good management of long-term projects'

  • ‘Carole Nerguararian: Excellent communication skills, both in terms of clarity and responsiveness; high ability to deal with complex legal matters; also strong in terms of strategic thinking; "let's do this" spirit.

  • ‘Highly responsive and proactive on the most sensitive issues’

  • ‘Very serious team, which spends a lot of time analysing case law to support debates and other meetings with other lawyers or judges with arguments.’

  • ‘Strong expertise, active collaboration, availability, anticipation’

Key clients

  • Intermarché
  • Montagu
  • Walor International
  • French Ministry of the Economy (acting through CIRI, its special situation team)
  • IDI
  • Sienna AM France (formerly Acofi Gestion) and Locamod Chantiers
  • Sienna AM France (formerly Acofi Gestion) and LGR LOG
  • Luko Insurance AG
  • Sienna AM France (formerly Acofi Gestion), EP SPV, and FHB Fiducie
  • European Investment Bank
  • Talisman Brands Inc. Established.

Work highlights

  • Advising Groupement Les Mousquetaires (Intermarché) on the acquisition of 100+ supermarkets of the Casino group in France, with a potential extension option (matter value: total turnover of €1.6 billion), as part of the global restructuring of the Casino group.
  • Advising Montagu, shareholder and creditor of the Aqualung group (a company specialised in aquatic sports and underwater equipment production), in its 2 rounds of amicable financial restructuring and its sale process to one of its creditors, Barings.
  • Advising the Walor group in various restructuring processes through two ad hoc mandates and two conciliation proceedings, to enable the takeover of the group by Mutares, the restructuring of more than 60 million euros of debt, the industrial transformation and the shutting-down of two factories.

Lawyers

Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Carole Nerguararian

Other key lawyers

Etienne Lupuyo