Department profile
Ashurst Perkins Coie – London, New York, Seattle, Sydney

Restructuring/Insolvency

UK Guide 2026 : London (Firms)


Ashurst Perkins Coie – London, New York, Seattle, Sydney

Rankings

About

Provided by Ashurst Perkins Coie – London, New York, Seattle, Sydney

Restructuring and special situations is one of Ashurst’s core practice areas internationally. We offer a full-range service in all key European and APAC jurisdictions and pride ourselves on being one of the very few balanced restructuring practices, regularly representing clients across the capital structure on domestic and cross-border restructuring and insolvency cases.

Global Network, Local Knowledge

We are at the forefront of the latest structures, techniques, terms and processes across Europe, Asia and Australia. We have forged strong relationships with leading local counsel in jurisdictions where Ashurst does not have a restructuring presence.

A Truly Balanced Practice

We regularly advise a broad range of stakeholders, including borrowers, directors, clearing banks and alternative investment funds, in their capacity as senior, junior and rescue finance lenders, bondholders, distressed investors and insolvency practitioners.

Industry Approach

Our restructuring lawyers are “sector agnostics” by virtue of their training. Nevertheless, we are able to capitalise on the vast industry and sector experience that the wider Ashurst network has to offer. Our restructuring experts have a thorough understanding of the workings of key industry sectors, such as real estate, energy and infrastructure and financial services.

Clients (9)

  • Bank of Cyprus
  • Apollo
  • Cerberus
  • David Kempner
  • Kildare
  • Fortress
  • Oaktree Capital
  • Grant Thornton
  • Lendlease

Industries (19)

  • Real Estate
  • Energy & Resources
  • Infrastructure
  • Financial Services
  • Banks
  • Funds
  • Aviation
  • Retail
  • Leisure & Tourism
  • Consumer, Food & Retail
  • Government & Regulators
  • Technology
  • Construction & Materials
  • Manufacturing
  • Education
  • Social Care
  • Healthcare
  • Insurance
  • Media

Chambers Review

Provided by Chambers

Restructuring/Insolvency - London (Firms)

Band 3

Band 3


What the Team is Known For

Ashurst houses a team of accomplished practitioners who are able to tap into a global network to provide integrated advice on multi-jurisdictional matters. The firm's client base includes corporate borrowers and their directors, as well as banks and investment funds. The team is noted for its work on special situations and distressed real estate, as well as its more general restructuring and insolvency advice.

Work Highlights

Provided by Chambers

  • Ashurst acted as the English co-counsel to an ad hoc group of first lien lenders to Vialto Partners, on the English law aspects of its financial restructuring.

Strengths

Provided by Chambers

  • Ashurst stand out for their strong business acumen and strategic mindset. The department consistently delivers practical, solutions-oriented advice tailored to the commercial realities of each matter.

    Restructuring/Insolvency respondentUK
  • Ashurst have superb communication, and the lawyers are very technically knowledgeable.

    Restructuring/Insolvency respondentUK
  • The team at Ashurst are highly knowledgeable, and they understand our firm position and appetite for various tactics.

    Restructuring/Insolvency respondentUK

Notable Practitioners

Provided by Chambers

  • Band 5Drew Sainsbury
    Band 5Drew Sainsbury

    Drew Sainsbury

    Drew Sainsbury is noted for his expertise in handling high-profile debtor and lender-side mandates. He is particularly adept at handling matters within the financial services space.
    • Drew Sainsbury is a technical specialist. He is highly experienced and exudes a calm, confident aura.

      Restructuring/Insolvency respondentUK
  • Band 5Olga Galazoula
    Band 5Olga Galazoula

    Olga Galazoula

    Olga Galazoula is the global practice head for the restructuring and special situations group at Ashurst. Her practice spans the full restructuring and insolvency space.

    • Olga is our go-to adviser for anything which starts getting a bit tricky. She offers advice as if she were in our shoes.

      Restructuring/Insolvency respondentUK
    • Olga Galazoula consistently brings clarity to complex issues and is able to frame legal advice in a way that supports decision-making at both strategic and operational levels.

      Restructuring/Insolvency respondentUK
    • Olga Galazoula leads the team from the front. She is impressive, calm under pressure and offers pragmatic advice.

      Restructuring/Insolvency respondentUK
  • Band 6Ru-Woei Foong
    Band 6Ru-Woei Foong

    Ru-Woei Foong

    Ru-Woei Foong advises clients on financial restructurings and formal insolvencies. She is experienced in acting for clients in the real estate, retail and energy sectors.

    • Ru-Woei Foong is easy to work with. She cuts through to the heart of the issue. I would highly recommend her for restructuring.

      Restructuring/Insolvency respondentUK

Ranked Individuals at Ashurst Perkins Coie – London, New York, Seattle, Sydney (3)

London (Firms)

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Provided by Ashurst Perkins Coie – London, New York, Seattle, Sydney

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