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Banking & Finance - Restructuring & Insolvency

Dentons advises DRK Kliniken Thuringen Brandenburg on restructuring through insolvency proceedings

22 Mar 2019

Berlin--Global law firm Dentons advised the DRK (German Red Cross) gemeinnutzige Krankenhausgesellschaft Thuringen Brandenburg mbH and its subsidiaries on its restructuring through 'self-administration' proceedings. Following the signing of a takeover agreement by 1. KMG Kliniken Verwaltungs GmbH (KMG), the insolvency plans are now being submitted to court. The creditors' committee of the DRK Kliniken has unanimously supported the conclusion of the takeover agreement as well as the submission of the insolvency plan in coordination with the company's  administrator, Dr.

Clifford Chance advises banking consortium on Messer financing restructuring

07 Mar 2019

Clifford Chance has advised a banking consortium on restructuring the financing it provides to the industrial gas manufacturer Messer Group GmbH. The consortium comprised the mandated lead arrangers Unicredit Bank AG, Bayerische Landesbank, ING Bank, a branch office of ING-DIBA AG and Landesbank Hessen-Thuringen Girozentrale.

DLA Piper extensively advises provisional insolvency administrator in the insolvency proceeding of Bayerische Energieversorgungsgesellschaft (BEV)

25 Feb 2019

DLA Piper extensively advises the provisional insolvency administrator Axel Bierbach from the law firm Muller-Heydenreich Bierbach & Kollegen (Munich) in the insolvency proceeding of the energy supply company Bayerische Energieversorgungsgesellschaft (BEV) on all legal matters concerning energy regulation, energy contract law, competition law, data protection law and particular insolvency law issues.

Norton Rose Fulbright advises Mercuria Energy Group on DIP financing for Aegean Marine Petroleum restructuring

21 Feb 2019

Global law firm Norton Rose Fulbright has acted as global and US counsel to Mercuria Energy Group (Mercuria), in relation to global and US debtor-in-possession (DIP) borrowing base financing facilities for Aegean Marine Petroleum Network Inc. (Aegean Marine) and related matters.
 

Credit fund restructures UK property developer

16 Feb 2019

Jones Day advised a credit fund in connection with the restructuring of its investments in a significant UK property development and investment company. The transaction, which included negotiation with multiple lenders, resulted in the client taking a controlling equity stake in the business in return for advancing further monies to fund the completion of certain development sites.

For additional information about this matter, please contact: David Harding

Client(s): Credit firm
Practice(s): Business Restructuring & Reorganization
Office(s): London

WH Group to Undergo Internal Restructuring

01 Feb 2019
Hong Kong - Paul Hastings, a leading global law firm, announced today that it is advising the Hong Kong-listed and the world’s largest pork company WH Group Limited (“WH Group”) on the internal restructuring (the “Restructuring”) which involves the merger by absorption (the “Merger”) of Henan Luohe Shuanghui Industry Group Co., Ltd. (“Shuanghui Group”), an indirect wholly-owned subsidiary of WH Group, by Shenzhen-listed Henan Shuanghui Investment & Development Co., Ltd.

White & Case Advises Pitagora and Banca IMI on Restructuring of CQS Receivables Securitization

01 Feb 2019
Global law firm White & Case LLP has advised Pitagora S.p.A., as originator, and Banca IMI S.p.A., as arranger, on the restructuring of a receivables securitization.
 
The receivables were originated by Pitagora and consist of the assignment of up to one fifth of the borrowers' salaries, pensions, or payment delegations.

FTI Consulting act as receivers in global restructuring of BMI Healthcare

19 Jan 2019

Jones Day advised Andrew J. Johnson and Chad Griffin of FTI Consulting LLP in their capacity as fixed charge receivers of the share capital in the BMI Healthcare group in connection with the restructuring of the BMI Healthcare business. BMI Healthcare is one of the largest private hospital operators in the United Kingdom. The restructuring results in obligations in excess of GBP 500 million being extinguished from the BMI Healthcare group's balance sheet.

Contact: Ben Larkin

Clifford Chance advises Rome’s transport company ATAC in its successful restructuring procedure

16 Jan 2019

Clifford Chance is advisor to ATAC S.p.A., Rome's municipal transport company, in relation to the ground-breaking restructuring procedure of the company before the Rome Bankruptcy Court. The restructuring is by far the largest ever court-based restructuring in Italy, involving a company with over 11,000 employees, turnover of around €1 billion and debt of € 1.4 billion.

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