We provide tailored legal advice to companies in financial difficulty and their directors. We also act extensively for international investment banks, private equity funds, retail banks, insolvency practitioners, national and international companies and individual creditors.

Our Restructuring and Insolvency Group comprises a team of restructuring and insolvency experts who draw on the unrivalled expertise from colleagues across our corporate, finance, tax, regulatory, employment, real estate and litigation groups to provide market-leading multi-dimensional advice to our clients on the increasingly challenging and technically complex areas of insolvency and restructuring.

Our Group advises on:

• General restructuring and reorganisations
• Debt, equity and financial restructuring
• Cross border corporate restructuring
• Enforcement of security and creditors’ rights
• Directors’ duties and Debtor advisory
• Distressed M&A and special situations
• Examinerships and Schemes of Arrangement
• Creditors options and enforcement
• Investment and distressed opportunities
• Informal restructuring

Relevant Experience

• Advising the Irish Government on its response to the banking crisis including the State guarantee, the nationalisation of Anglo Irish Bank and the recapitalisation of AIB, Bank of Ireland, EBS Building Society and Irish Nationwide Building Society
• Advising the adhoc committee of noteholders in the Chapter 11 and Examinership of Weatherford International plc
• Advising Chartered Land and its principal shareholders in relation to the consensual restructuring of debts acquired by an Allianz/Hammerson plc joint venture which involved the sale of the Jewel portfolio assets (including Dundrum Town Centre among other prime retail assets)
• Advising the largest holder of notes in the Balantyne Reinsurance scheme of arrangement which restructured USD1.6 billion in debt
• Advising the board of directors of Avaya Corporation’s Irish subsidiaries in relation to the Irish law implications of the Chapter 11 filing by its US parent, and the successful emergence from those bankruptcy proceedings
• Advising the liquidator on all aspects of the recent Asia Pulp Paper Group subsidiaries’ debt restructuring including a scheme of arrangement used to deliver the restructuring
• Advising the adhoc committee of noteholders in relation to the restructuring of eTrawler, trading as CarTrawler
• Advising the steering committee on the Irish law aspects of the Waypoint Group Chapter 11
• Advising Eircom on its €2.4 billion restructuring through Examinership
• Advising the Central Bank of Ireland on all matters relating to the exercise of its resolution powers under the Central Bank and Credit Institutions (Resolution) Act 2011, BRRD and resolution generally. Cases to date include advising the Central Bank on directed transfers of the business and undertakings of various credit unions, liquidations of credit unions and the recent administration and subsequent liquidation of CBL Insurance Europe DAC
• Advising the Department of Finance on the special liquidation of Irish Bank Resolution Corporation Limited, including the drafting of the Irish Bank Resolution Corporation Act 2013 and Ministerial Instructions and Directions issued to the special liquidators under that Act