Acting on a standalone basis, as well as leveraging its market-leading private equity sponsor roster, the ‘highly responsive’ team at Kirkland & Ellis International LLP provides ‘very commercial advice’ to funds as creditors/investors, as well as on the debtor front. Co-headed by the vastly experienced Partha Kar and Kon Asimacopoulos, the team continues to shape the market, often deploying the use of novel/first-of-kind techniques to elicit the optimal results for clients in large-scale multi-jurisdictional matters. As well as drawing upon deep knowledge of UK/European restructuring tools (including as it relates to the newly enacted Restructuring Plan) the team has the flexibility to utilise US Chapter 11 protections. Indeed, the firm regularly works alongside practitioners in the US, including its recent high-profile work for leading regional aircraft lessor Nordic Aviation Capital, helping it to successfully emerge from Chapter 11. Sean Lacey was involved in the aforementioned matter, although his primary forte remains on the creditor/investor-side, where he excels at handling financial restructurings, special situations investing and credit-led opportunities. Other key members of the team include retail restructuring guru Elaine Nolan and recently promoted partner Gabe Harley , who provides ’high quality advice and service’ to debtors and creditors on cross-border restructurings and insolvencies.
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Kon Asimacopoulos is a partner in Kirkland's European Restructuring Group and acts for companies and investors in national and cross-border financial restructuring, insolvency and litigation matters. He has been involved in dozens of the leading global and European restructuring and litigation matters over the course of the past 20 years.
Leading individuals
Partha Kar has developed a wide range of cross-border restructuring and insolvency and special situation experience over the last 18 years. He has acted for investors, financial creditors (including alternative credit funds), turnaround advisors, companies (debtors and creditors) and insolvency practitioners/appointees in multi-jurisdictional restructurings and all classes of insolvency proceedings; directors, shareholders and creditors of companies that are financially impaired or subject to solvent reorganization; and for vendors and purchasers of distressed debt or equity. Partha has worked on all stages of this work including contingency planning and strategy, negotiations, documentation, post-restructuring/appointment and the exit.
Sean is a partner in the restructuring group based in our London office. Sean represents investment funds, financial sponsors, financial institutions and corporate borrowers in connection with transactions across the credit spectrum, in particular, cross-border and domestic financial restructurings, special situations investments, credit-led opportunities, event-driven financings, and specialized lending transactions.
Elaine Nolan is a restructuring partner in the London office of Kirkland & Ellis International LLP. Elaine advises strategic investors, sponsors, insolvency practitioners, turnaround managers, directors, debtors and creditors in all forms of national and international financial restructurings and insolvencies.
The lawyer(s) leading their teams.
Kon Asimacopoulos, Partha Kar