Combining ‘technical knowledge with commercial nuance’, White & Case LLP provides ’top quality restructuring legal advice’ for debtors and creditors on a myriad complicated cross-border situations, where it is also effectively able to leverage resources across its vast international network of offices. On the debtor front, clients not only benefit from the firm’s core substantive restructuring law expertise but also the team’s ability to provide a multi-disciplinary offering which draws upon other key practice areas including corporate, banking and litigation. ‘A leader in his field’, team head Christian Pilkington ’has an uncanny ability to identify and resolve the most complex issues‘, and has been at the forefront of many of the firm’s marquee debtor side mandates, including for cinema chain Vue International on its successful recapitalisation which involved a substantial debt-for-equity swap. The ’personable and technically strong’ Ben Davies was also involved in the aforementioned matter, work which followed on from his key role on the recently completed Swissport restructuring. The ‘impressive’ Ian Wallace ’has a great mix of technical legal and commercial judgement’, skills with which he combines to good effect to debtors and creditor banks, particularly in the context of large transatlantic situations. Morvyn Radlow and Will Stoner are ‘technically excellent, very responsive and approachable’, with both gaining particular acclaim for their work on behalf of credit funds.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'A personable team which provides a great client service, allied with clear advice and a can do approach.'
'Top quality restructuring legal advice combined with commercial and pragmatic approach.'
'Strong depth in quality of team - both at partner and associate level.'
'I regard them as the pre-eminent team that combines technical knowledge with commercial nuance and see them as the first port of call in any complicated situation.'
'A leader in his field, Christian Pilkington combines excellent commercial acumen with an encyclopedic knowledge of restructuring and insolvency law. He has an uncanny ability to identify and resolve the most complex issues.'
'The impressive Ian Wallace has a great mix of technical legal and commercial judgement.'
'The personable and technically strong Ben Davies is able to distil complex situations into a clear strategy and action plan.'
'Morvyn Radlow and Will Stoner are, without fail, technically excellent, very responsive and approachable.'

Key clients

Vue International Bidco plc
Nostrum Oil & Gas plc
The Adler Group
The agent and existing term loan lenders of Petroserv Marine Inc.
Oi S.A.
The coordinating committee of agent banks and lenders of Seadrill Ltd

Work highlights

Representation of Adler Group, one of Germany’s largest real estate groups, on its ongoing financial restructuring, involving the incurrence of €937.5m of new money following an amendment to the terms and conditions of €3.2bn of senior unsecured bonds through English restructuring plan proceedings.
Representation of the cinema chain Vue International on its successful recapitalisation. Vue International secured 100 per cent lender consent to the recapitalisation steps, enabling a fully consensual implementation exercise, as part of which the ownership of the group passed to its senior lenders in exchange for a discharge of approximately £470m of debt.
Representation of London-listed oil and gas company Nostrum Oil & Gas plc on the financial restructuring of its $1.125bn of senior unsecured notes via a UK scheme of arrangement.