Clifford Chance LLP

Restructuring/Insolvency Department

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We offer practical and commercial advice on a full range of contentious and non-contentious issues encountered in insolvencies.

We regularly represent a whole range of stakeholders from lenders; corporate debtors experiencing financial difficulties to lender groups; agents to syndicated lending groups; commercial creditors; insolvency officers; official and unofficial creditors’ committees; principal finance and private equity sponsors; financial institutions; accountants; and financial advisers.

Restructuring and Workouts

  • restructuring distressed debt
  • advising creditors and debtors on recovery and insolvency strategies in default situations
  • assisting with insolvency filings and participation in creditors’ meetings.

Debt Recovery

  • complex contractual disputes, including debt recovery, both before state courts and arbitral tribunals
  • recognition and enforcement of  arbitral awards
  • advising in insolvency cases, including participation in creditors’ meetings
  • assisting with settlement procedures.


  • advising lenders and borrowers on structuring and implementing refinancing solutions, including in​distressed situations, and when existing security needs to be released and retaken

Waivers and Covenant Re-sets

  • advising syndicates and borrowers on amending and/or waiving key financing terms, including introducing financial covenant holidays.​