About

Provided by Ashurst

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.

Chambers Review

Provided by Chambers

Restructuring/Insolvency - London (Firms)

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

  • 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

Notable Practitioners

Provided by Chambers

Drew Sainsbury
5
Drew Sainsbury
5
Band 5
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.

Olga Galazoula
5
Olga Galazoula
Head of Restructuring/Insolvency
5
Band 5

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.

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.

Olga Galazoula leads the team from the front. She is impressive, calm under pressure and offers pragmatic advice.

Ru-Woei Foong
6
Ru-Woei Foong
6
Band 6

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. He cuts through to the heart of the issue. I would highly recommend him on restructuring.

Ranked Lawyers at
Ashurst

Provided by Chambers
Filter by
Band

London (Firms)

Restructuring/Insolvency

Drew Sainsbury
5
Drew Sainsbury
5
Band 5
Olga Galazoula
5
Olga Galazoula
Head of Restructuring/Insolvency
5
Band 5
Ru-Woei Foong
6
Ru-Woei Foong
6
Band 6

Members

Provided by Ashurst

Inga West

Lynn Dunne

Maria Staiano-Kolaitis

Martyn Rogers

Nigel Ward

Olga Galazoula

Olga Galazoula

Head of Department

Richard Bulmore

Simon Clarke

Clients

Provided by Ashurst

Apollo

Bank of Cyprus

Cerberus

David Kempner

Fortress

Grant Thornton

Kildare

Lendlease

Oaktree Capital

Industries

Provided by Ashurst

Aviation

Banks

Construction & Materials

Consumer, Food & Retail

Education

Energy & Resources

Financial Services

Funds

Government & Regulators

Healthcare

Infrastructure

Insurance

Leisure & Tourism

Manufacturing

Media

Real Estate

Retail

Social Care

Technology