Corporate restructuring & insolvency

Hogan Lovells International LLP

Less reliant than some firms in the ranking on internal finance and corporate practice groups to feed the practice, Hogan Lovells International LLP has nonetheless achieved a very strong offering as a destination practice for a balanced mix of creditors and debtors. On the creditor front, as well as acting for a considerable number of banks, the team has, under the guidance of Tom Astle, developed an impressive roster of fund clients, which are appreciative of its ability to 'combine legal understanding and motivation of involved parties in order to synthesise a solid strategy'. Alex Kay is a pivotal resource to many of these funds as buy-side investors, as well as in the context of ad-hoc committees, and has developed a particularly formidable practice in relation to work/opportunities in the emerging markets. James Maltby is also recommended and has a very versatile practice for banks, credit funds and IPs, as well as successfully growing the team's restructuring trustee practice.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'They solidly combine legal understanding and grasp for details with mapping the goals and motivation of involved parties in order to synthesise a solid strategy.'
'The team is commercial and considers the wider picture.'

Key clients

Bank of America Merrill Lynch
Santander
HPS
IP offerings: Interpath, Teneo, Alvarez, PwC
Argentem Creek
Gramercy
Madison Pacific
GLAS
AIB
Each of the four main UK clearing banks
The ad hoc committee of Atento Noteholders consisting of Aquiline, GLG Man, Arkaim, Amundi, Kite Lake, CPPIB, Intrepid Capital and JP Morgan

Work highlights

Continuing to advise the special administrators on the ongoing special administration of Sova Capital Ltd, an investment bank, the first since MF Global.
Advising an ad hoc group of noteholders on the multi-jurisdictional financial restructuring of Atento, one of the world’s largest providers of customer relationship services and business process outsourcing, and the largest in Latin America.
Advised Bank of Scotland (part of Lloyds Banking Group) for the last four years in relation to its recovery strategy for a £1.2bn loan to an indirect parent company of The Telegraph, The Spectator and The Very Group, all ultimately owned by the Barclay family.