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  1. Our capabilities
  2. Restructuring
Restructuring
We have led on some of the biggest and most high-profile cross-border restructurings of recent years.
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Our team has a wealth of experience acting for stakeholders involved in corporate restructurings or experiencing financial stress

We help boards of directors to steer corporates through troubled waters, and advise global investment funds, asset managers, banks, bondholders and other lenders on debt and corporate restructurings.

We also work closely with our sector specialists to build a deep understanding of the business and its financial pressure points. The team focuses on implementing sustainable solutions and managing the diversity of stakeholder expectations from start to finish.

We are proud of our reputation for taking a pragmatic and commercial approach to speed up lengthy processes and achieve the best outcome for our clients.

Related capabilities
CVAs
Distressed M&A
Formal insolvency proceedings
Insolvency related litigation
Restructuring plans
Schemes of arrangement
Special situations
Highlight experience
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McDermott Acting as restructuring expert in McDermott regarding the application of a WHOA to the discharge of approx. US$1bn in liabilities and adjust of US$ approx. US$2.5bn of liabilities towards lenders
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ContactsMeet the team
London
Ken BairdPartner
London
Richard TettPartner
London
Catherine BalmondPartner
London
Lindsay HingstonPartner
Meet the team
Awards & recognition
M&A Advisor Turnaround Awards
Restructuring of the Year (over $10B) 2025
Chambers UK 2025 and Chambers Europe 2024
Ranked Band 1 for Restructuring & Insolvency
Chambers Germany Awards
Law Firm of the Year Restructuring & Insolvency 2025
TRI Awards
International Firm of the Year 2024Insolvency Law Firm of the Year 2024
IFT Awards
Legal Adviser of the Year 2024
IFLR Europe Awards
Restructuring Team and Restructuring Deal of the Year 2023
Our thinking

Our thinking

Sep 17 2025
Cross class cram across and cross border complexities: lessons from the Madagascar Oil restructuring plan
The High Court sanctioned Madagascar Oil Limited’s restructuring plan, exercising cross class cram down. The judgment deals with a few...
Aug 21 2025
Waldorf: the trilogy of Court of Appeal cases applied – restructuring plan not sanctioned
In a significant further application of the Court of Appeal’s reasoning in Adler, Thames Water and Petrofac, the High Court declined to...
Jul 14 2025
EU Insolvency Law: Momentum builds as European Parliament comments on the draft directive to harmonise certain aspects of insolvency law
In our earlier blog, "EU insolvency law: Member States move closer to harmonisation", we examined how proposals to harmonise insolvency...
Jul 11 2025
Petrofac in the Court of Appeal: ‘No worse off’ test clarified, but fairness of benefit allocation brings down restructuring plan
In a significant follow-on judgment the Court of Appeal has both clarified and moved beyond the High Court’s approach to the ‘no worse...
Jun 17 2025
EU Insolvency Law: Member States Move Closer to Harmonisation
On 12 June 2025, the Council of the EU announced that member states have agreed on a general approach to a directive aimed at bringing...
Apr 17 2025
Petrofac restructuring plans move forwards: notice and fees in the spotlight
On 8 April 2025, Mr Justice Marcus Smith delivered judgment granting Petrofac Limited and Petrofac International (UAE) LLC (the Plan...
Feb 19 2025
Sino-Ocean’s Contentious Rescue Plan: Court Sides with Survival
19 February 2025 UPDATE: Following sanction of the English RP, Justice Linda Chan of the Hong Kong High Court sanctioned Sino Ocean...
Jan 16 2025
New rules allow Companies House to share non-public information with insolvency officeholders
New rules in the UK allow Companies House to share non-public information with insolvency officeholders and the Official Receiver. While...
Dec 17 2024
Harmonisation of EU insolvency laws moving closer to a common approach
On 13 December 2024, EU member states agreed on a ‘partial’ general approach to the harmonisation of insolvency law. Two years ago, on 7...
Dec 4 2024
Restructuring plans – 2024 in review and predictions for 2025
2024 was a busy year for the UK restructuring market, and particularly for the restructuring plan – we’ve seen some important...
Nov 19 2024
Restructuring Meets Litigation: Insights from the Chaptre Finance Decision
In a recent decision, the English High Court has continued the trend of treating court-based restructurings as civil litigation. As we...
Nov 14 2024
Panoramic: Restructuring & Insolvency – 2025 edition now out
We are delighted to announce the release of the latest edition of Panoramic: Restructuring & Insolvency. This publication covers 37...
Nov 1 2024
Dutch Supreme Court provides clarity on aspects of the WHOA in Royal IHC judgment
On 25 October 2024, the Dutch Supreme Court ruled in a ground-breaking judgment in Royal IHC that a WHOA plan may change creditors’ and...
Oct 24 2024
To NDA or Not to NDA?: Ad Hoc Creditors’ Committees and “No MNPI” Rubber-Stamps
Non-Disclosure Agreements (“NDAs”) with distressed borrowers and issuers have become a significant piece of the restructuring puzzle. A...
Nov 14 2024
Panoramic: Restructuring & Insolvency – 2025 edition now out
We are delighted to announce the release of the latest edition of Panoramic: Restructuring & Insolvency. This publication covers 37...
Related capabilities
CVAsDistressed M&AFormal insolvency proceedingsRestructuring plansInsolvency related litigationSchemes of arrangementSpecial situations
Related capabilities
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