Cleary Gottlieb Steen & Hamilton
Client SatisfactionActing as a standalone team as well as often in collaboration with the firm's well-established US offering, Cleary Gottlieb Steen & Hamilton's growing London practice is gaining recognition among creditors and debtors for its capacity to provide 'creative and thoughtful' advice on complex multi-jurisdictional out-of-court restructurings. The 'extremely clever' Alastair Goldrein is particularly accomplished at handling emerging markets work, including for funds who are looking to realise value in existing insolvencies and restructurings, or who are interested in acquiring distressed businesses. The 'incredibly smart and thoughtful' Polina Lyadnova also regularly handles emerging markets matters, and co-heads the overarching team along with Goldrein and the vastly experienced and 'highly strategic' Solomon Noh.
Testimonials
Collated independently by Legal 500 research team.
- 'They are incredibly knowledgeable, creative and thoughtful. Capable of distilling complex/difficult situations into easily understandable summaries.'
- 'They handle complex matters, are very knowledgeable and stand out because of their strategic thinking.'
- 'Alastair Goldrein has built up expertise in complex restructurings in emerging market jurisdictions; he is also well connected to the investor community in this space. His track record and diligence gains trust among investors.'
- 'Alastair Goldrein stands out; he is extremely clever and a good negotiator.'
- 'Solomon Noh: for a senior partner he is high in the detail and very personable.'
- 'Solomon Noh is a real strategist, very good at client handling.'
- 'Polina Lyadnova is incredibly smart and thoughtful.'
Key clients
- Goldman Sachs
- Ad Hoc Group of Noteholders of Vedanta
- Gemcorp Capital Management Limited
- Ad hoc group of Noteholders of DTEK Energy
- Joint Trustees of the Amsterdam Trade Bank
- Ozon Holdings Plc
- Garuda Indonesia
- Fir Tree Partners
- Celsa Group UK
- Ad hoc group of holders of Fortenova
- Shareholders of Nostrum Oil & Gas
- Kondor Finance ad hoc group of noteholders
- Ukrenergo ad hoc group of noteholders
Work highlights
- Represented Goldman Sachs as the largest single creditor in the cross-border restructuring and capital raise of Atento Group.
- Represented an ad hoc group of noteholders led by Oaktree Capital and Avenue Capital in relation to a liability management transaction launched by Vedanta Group.
- Represented Ozon Holdings plc, a multi-category e-commerce platform, in the restructuring of its $750m convertible bonds due 2026.
Practice head
The lawyer(s) leading their teams.
Solomon Noh, Polina Lyadnova, Alastair Goldrein