The ‘deeply experienced’ team at Ashurst ’knows the market intimately’, both from a formal insolvency perspective and in the context of more transactional work; consequently it is a popular choice among a varied array of stakeholders, particularly on mandates in the mid to upper-mid-market. Team head Olga Galazoula exemplifies this eclectic mix of work and is a ‘fierce client advocate’ for IPs and debtors, as well as funds which she advises on distressed investments and non-performing loan (NPL) acquisitions in Southeast Europe. Drew Sainsbury is also a ’leader in the restructuring field’ and has developed particular expertise at dealing with regulated financial services clients, where he is able to leverage the expertise of the firm’s broader regulatory function. ‘Very pragmatic’ contentious insolvency/restructuring lawyer Lynn Dunne has also been central to the firm’s success in the financial services space, as has the ’technically very strong and thorough’ Richard Bulmore, who has recently taken key advisory roles for the boards of directors of a number of plcs. Inga West is also recommended, while the well-respected Giles Boothman continues to handle some fee-earning work in his role as senior consultant.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The deeply experienced team knows the market intimately.'
  • 'Olga Galazoula is credible, has gravitas, not afraid to give uncomfortable advice, personable and a fierce client advocate.'
  • 'Drew Sainsbury is a leader in the restructuring field and a very collaborative and trusted advisory partner.'
  • 'The very pragmatic Lynn Dunne has carved out a niche in the contentious insolvency space.'
  • 'Ru-Woie Foong is clever, calm and great to work with.'
  • 'Richard Bulmore is technically very strong and thorough.'

Key clients

  • Cineworld Group plc
  • The Ince Group plc

Work highlights

  • Advising the board of directors of Cineworld Group plc and certain of its subsidiaries on its entry into, and throughout the course of, the group's Chapter 11 US bankruptcy proceedings and associated pre-packaged administration sale of the business to a lender-owned entity.
  • Acted for the joint administrators of MGR Realisations Ltd (formerly Matalan Group Ltd) on a strategic sales process, which culminated in a comprehensive recapitalisation.
  • Advising the board of The Ince Group plc on its directors' duties in the context of the group's financial difficulties and negotiations with multiple creditors, as well as the group's entry into administration.

Lawyers

Leading associates
Leading associates 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.
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.

Olga Galazoula

Other key lawyers

Ru-Woei Foong, Drew Sainsbury, Lynn Dunne, Giles Boothman, Richard Bulmore, Inga West, Simon Clarke, Maria Staiano-Kolaitis