Skadden, Arps, Slate, Meagher & Flom (UK) LLP
Partner and head of Skadden’s European corporate restructuring practice
Skadden, Arps, Slate, Meagher & Flom (UK) LLP is involved for a debtor-focused client base in a significant number of major cross-border mandates, often working closely with associated practice areas including capital markets, corporate and disputes. Much of this work has a transatlantic angle, which the firm is able to handle out of London, as well as by collaborating with the market-leading US offering. Team head Peter Newman excels in this work, bringing as he does vast knowledge of US and English restructuring and insolvency procedures and how these interact with various jurisdictions in continental Europe. Newman also advises on creditor engagements, bringing ‘a calm demeanour to complex and stressful situations and looks to develop practical solutions to difficult problems’.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'The team has a deep bench and a broad skillset to bring to the most complex of situations.'
- 'It uses technology well and shares information effectively, both inside and outside the team.'
- 'They are adept at handling highly complex corporate and insurance restructuring work.'
- 'Peter Newman is the attorney to go for any complex cross-border restructuring, in particular with a US angle.'
- 'Peter Newman brings a calm demeanour to complex and stressful situations and looks to develop practical solutions to difficult problems.'
Key clients
- Markel CATCo Reinsurance Fund Ltd. And its debtor affiliates
- Sequana S.A.
- E-House (China) Enterprise Holdings Limited
- CFG Investments S.A.C.
- Endo Pharmaceuticals
- Wilmington Trust Limited / Creditor Trust
- Borr Drilling
- Sponsor of well-known taxi app
- Majority shareholder of retail insurance business
- Investment fund
- Bondholder/shareholder of aircraft leasing business
- Ad Hoc Group of bondholders to Moby Group SPA
- Paragon Offshore Limited
Work highlights
- Completed an innovative restructuring on behalf of Markel CATCo, a Bermuda-based insurance investment fund, which allowed for the repayment of investors and the release all litigation claims by way of a Bermuda scheme of arrangement and subsequent recognition and enforcement of the scheme in a chapter 15 case in the US Bankruptcy Court for the Southern District of New York.
- Advised Borr Drilling Limited on refinancing transactions involving over $1.5bn of debt and trade liabilities, and on public equity capital raises of over $275m.
- Advised CFG Investments SAC on its English restructuring plan under Part 26A of the Companies Act, one of the first plans of a non-English debtor, which was implemented in parallel with a US chapter 11 plan of reorganization.
Lawyers
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Practice head
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Peter Newman