NMS Group was assisted by CMS in the definition of the agreement for the restructuring of its debt with certain leading banks and in the process of selling 90% of the company to the Chinese investment fund Hefei Sari V-Capital Management Co., Ltd. The closing of the transaction is expected within the first quarter of 2018, as soon as the necessary authorizations from the Chinese Government are finalized.

Davis Polk is advising a major creditor and backstop party in the $20 billion restructuring of Brazilian telecommunications provider Oi S.A. Oi’s Recuperação Judicial (a proceeding under Brazil’s bankruptcy law) is the largest court-supervised restructuring ever to take place in Latin America. In addition to the proceedings in Brazil, Oi is also subject to chapter 15 cases in the United States and ancillary proceedings in other foreign jurisdictions.

Paladin Energy Limited, an Australian listed company with substantial uranium and mining assets in Namibia, Malawi, Canada and certain Australian states, was placed into administration in July 2017 after one of its major customers, Electricité de France (EDF) advised Paladin it was not prepared to enter into a standstill agreement and required repayment of US$277 million under its Long Term Supply Agreement with the company. 

Paladin Energy Limited, an Australian listed company with substantial uranium and mining assets in Namibia, Malawi, Canada and certain Australian states, was placed into administration in July 2017 after one of its major customers, Electricité de France (EDF) advised Paladin it was not prepared to enter into a standstill agreement and required repayment of US$277 million under its Long Term Supply Agreement with the company. 

Davis Polk is advising a major creditor and backstop party in the $20 billion restructuring of Brazilian telecommunications provider Oi S.A. Oi’s Recuperação Judicial (a proceeding under Brazil’s bankruptcy law) is the largest court-supervised restructuring ever to take place in Latin America. In addition to the proceedings in Brazil, Oi is also subject to chapter 15 cases in the United States and ancillary proceedings in other foreign jurisdictions.

King & Wood Mallesons (KWM) advised Paladin Energy Limited (Paladin) and its administrators KPMG, on Paladin’s complex balance sheet restructure. The 7 month administration culminated in a US$700m debt for equity swap through a Deed of Company Arrangement (DOCA) and a court approved s444GA share transfer.

King & Wood Mallesons (KWM) advised Paladin Energy Limited (Paladin) and its administrators KPMG, on Paladin’s complex balance sheet restructure. The 7 month administration culminated in a US$700m debt for equity swap through a Deed of Company Arrangement (DOCA) and a court approved s444GA share transfer.

Global law firm White & Case LLP has advised Oi S.A., a Brazilian telecommunications company, on its restructuring of more than US$20 billion of debt, the largest-ever debt restructuring in Latin America.

The Firm acted as international counsel, advising Oi with respect to its New York and English law governed bond debt and export credit agreements and with respect to US and English law issues arising in Oi's various judicial insolvency cases, which spanned across Brazil, the United States, the United Kingdom, the Netherlands, Portugal and the Cayman Islands.