Dentons acted as Ukrainian legal counsel to VTB Bank Germany in respect of the restructuring and acquisition of the US$75 million loan to a large development company and security package from VTB Bank Ukraine. Dentons team provided legal support with structuring of the transaction, drafting of the transaction documentation as well as provided regulatory advice.

Dentons team was led by Kyiv partner Natalia Selyakova with significant input from London Partner Evgenia Laurson (English law advice) and associates Nadiia Shylienkova and Artem Lukyanov.

Shearman & Sterling advised the Frigoglass group, a global leader in the Ice Cold Merchandisers (ICM) market, on completing the restructuring of its existing indebtedness, which included €250 million 8.25 percent senior notes due 2018 issued by Frigoglass Finance (the "Notes") and over €80 million of existing bank debt across eight facilities agreements.

Shearman & Sterling advised the Frigoglass group, a global leader in the Ice Cold Merchandisers (ICM) market, on completing the restructuring of its existing indebtedness, which included €250 million 8.25 percent senior notes due 2018 issued by Frigoglass Finance (the "Notes") and over €80 million of existing bank debt across eight facilities agreements.

$3.7B restructuring expected to serve as a model for future multinational restructurings and workouts

Milbank, Tweed, Hadley & McCloy LLP acted as lead counsel for an ad hoc group of lenders holding approximately $3 billion of the $3.7 billion of debt restructured by Ocean Rig UDW Inc. (NASDAQ: ORIG), a leading international offshore drilling services contractor.

Clifford Chance acted as international counsel for a group of lenders in connection with the US$600 million restructuring of Paranapanema S.A. ("PMA") – the largest independent producer of primary copper in Brazil.

The total restructuring comprised 84 percent of PMA's prior outstanding debt across a group of 11 lenders, including Cargill, SMBC, ING, Scotiabank, Bradesco and Banco do Brasil.

Ashurst advised longstanding client Bank of Cyprus on the multimillion euro refinancing and restructuring of the Nicosia Mall development located in Nicosia, Cyprus.

The key components of the restructuring involved a reorganisation of the corporate structure with Bank of Cyprus becoming a shareholder in the parent company, NCMH Nicosia Mall Holdings Ltd, and a comprehensive restructuring of the debt facilities provided by Bank of Cyprus to assist in the development of the Mall together with a reorganisation of the accompanying collateral package.

Herbert Smith Freehills has advised Viridor Laing (Greater Manchester) Limited ("VLGM") on the restructuring of the Greater Manchester Waste PFI Project.

The firm advised on all aspects of the transaction including the prepayment of senior debt in both VLGM and the associated thermal power station project at Runcorn, the settlement of outstanding claims between stakeholders and the transfer of shares and subordinated debt in VLGM to the Greater Manchester Waste Authority (the "GMWDA").

Orrick acted as lead counsel to Cayman Islands-based offshore drilling contractor Ocean Rig UDW (the “Company” or “Ocean Rig”) in its comprehensive financial restructuring, a unique transaction involving billions of dollars in restructured debt and enforcement by a U.S. Bankruptcy Court of schemes of arrangement sanctioned by the Grand Court of the Cayman Islands.

Global law firm White & Case LLP has advised OJSC International Bank of Azerbaijan (IBA), the largest bank in Azerbaijan, on the restructuring of approximately US$3.4 billion of its financial indebtedness.

Stephenson Harwood has advised S E A Holdings Limited (SEA), Asian Growth Properties Limited (AGP) and Nan Luen International Limited (NLI), on their reorganisation.