Clifford Chance’s restructuring and insolvency team is a recognised global authority, featuring experts spanning key European jurisdictions, Asia, the Middle East, and the Americas. Its reputation stems from its proficiency in handling intricate, cross-border restructuring and insolvency matters, encompassing all aspects, including financing, litigation, market regulation, real estate, and employment law. Delphine Caramalli leads the team, with strong support from Marie Crumière, having recently made significant contributions to cases in the French market, including the Orpea group and Getir BV.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team is well-structured and organised, with complementary skills.'

  • ‘Marie Crumière is particularly distinguished by her creativity and rigor.'

  • ‘Delphine Caramalli is incredibly dynamic with high-quality advice.'

  • ‘Marie Crumière is a very good lawyer, pragmatic and able to advise clients in a realistic and concrete manner. Courageous, she knows how to secure solutions in a complex environment.'

  • 'All of the lawyers have a business-minded attitude and were very creative in terms of the solutions they have offered to us.’

  • ‘Delphine Caramalli is an amazing lawyer, someone who you would want to be on your side when you need it the most. Her knowledge of restructuring and insolvency is amazing, but more than that, she can strategise with you based on the company's requirements.’

  • ‘Extremely high level of experience in the field of restructuring.’

  • ‘An available, professional and welcoming team.'

Key clients

  • ING Bank NV
  • GETIR BV
  • ADMIRAL for the acquisition of LUKO COVER as part of DEMAIN ES's accelerated safeguard procedure
  • MACNICA, for the joint venture with Gaussin that co-acquired NAVYA in the framework of a sale plan
  • AETHER FINANCIAL SERVICES
  • Lessors leasing the majority of the aircraft 80% of Lion Air's fleet including:|CARLYLE||DUBAI AEROSPACE||MACQUARIE||AERGO||BOC AVIATION||AERCAP||SMBC||ALTAVAIR
  • ATREAM (a Group’s institutional landlord) in the overall restructuring of Pierre et Vacances, alongside Alcentra (a Group’s financial creditor) and Fidera (also a Group’s financial creditor) and Atream (the “Investors”), as well as the main bank creditors, its Euro PP creditors and its main Ornane bondholders (the "SteerCo").
  • Raiffeisenlandesbank Oberösterreich
  • Ligue Professionnelle de FootbalL
  • Bnp Paribas Fortis (Hamon / HTEF)

Work highlights

  • Advised several individual lenders (such as ING Bank as secured lender of €60 million within the €1.5 bn secured C facility under the June Protocol - for which Clifford Chance has been involved, and an unsecured loan of €100 million), Mediobanca as Schuldschein lender (holding a claim of €50 million) and an ad hoc committee of international banking Taiwanese institutions Schuldschein lenders (holding a claim of €130 million).
  • Assisted Macnica, a leading Japanese semiconductor company with FY21 sales of $7.6 billion, in forming and implementing a successful joint venture that secured the acquisition of Navya by the Gaussin group.

Lawyers

Leading associates
Rising stars with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Delphine Caramalli

Other key lawyers

Marie Crumière