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DEPARTMENT PROFILE

ENSafrica

Restructuring/Insolvency

4 ranked lawyersBand 1South AfricaGlobal 2021 View ranking table
chambers review
department information
Ranked Lawyers
chambers review
department information
Ranked Lawyers

Chambers Review

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

What the team is known for

Highly skilled business rescue and insolvency practice with a deep bench, able to draw upon resources in Johannesburg, Cape Town and Durban. Widely praised as the pre-eminent firm in the market. Demonstrates comprehensive expertise covering debt recovery, securities enforcement, accelerated M&A and financial restructuring. Represents a number of major banking institutions and business rescue practitioners, with experience handling restructuring and insolvency mandates in the mining, manufacturing, construction and retail sectors. Advises on both the creditor and debtor sides, supported by the firm’s complementary expertise in regulatory, labour and environmental issues.

Strengths

An interviewee said: "Their service is consistently reliable, well considered and commercially astute, and the team is easy to work with."

Another source commented on the team: "They all have their own specialities and have proven through this process to be leaders in their fields," adding: "Their work ethic is remarkable and I have the highest praise for each one of them."

Work highlights

Provides ongoing advice to South Africa Airways and the business rescue practitioners on financing and public law issues, as well as contentious matters resulting from the company being placed into business rescue.

Notable practitioners

Clients appreciate Gary Oertel as being "practical and helpful," while a peer commented that he "leads the pack on big-ticket items." He is instructed for his counsel on some of the most high-profile restructurings and business rescue proceedings in the country, acting for the entities themselves, business rescue practitioners and lenders.

Leonard Katz heads the insolvency, restructuring and business rescue practice at the firm. He commands an impressive reputation for his insolvency litigation practice and continues to assist the firm's clients alongside his managerial duties.

Ntlhane Makena continues to develop a notable profile for his representation of distressed entities and financial lenders in business rescue proceedings and debt recovery. Sources note him as being "excellent" and describe his work as "very impressive."

Paul Winer is a seasoned practitioner who is widely regarded by sources as being an "exceptional" lawyer who is "very knowledgeable" in the field. He has extensive experience advising on a multitude of issues stemming from insolvency and liquidation, including winding up and wind-up opposition, as well as business rescue.

Department Information

This content is provided by ENSafrica.

Overview

ENSafrica’s dedicated insolvency and restructuring team focuses on minimising loss, maximising returns and assisting clients throughout Africa to proactively manage financial risk and exposure.

When insolvency is inevitable, we have the expertise to develop and implement effective recovery strategies for viable business activities, and to maximise returns for creditors.

As a result, we have acted in many complex cross-border insolvencies and restructurings, and have been called in to assist in most major corporate collapses and restructurings in Africa.

We are at the cutting edge of developing insolvency and business rescue law in Africa, and have been involved in the most prestigious and important matters since the introduction of business rescue, playing a significant role in procuring successful results in this regard.

Recent work highlights:

  • Highly complex restructuring of the Edcon Group (with stores in Botswana, Ghana, Lesotho, Namibia, South Africa and Zimbabwe), involving South African banks, London-based lenders and New York-based financial creditors.
  • ZAR22-billion recovered from the Steinhoff Group within five months for Absa Bank, China Construction Bank, Citibank South Africa, Depfin Investments, HSBC Bank South Africa, Investec Bank, iNguza Investments, Nedbank, Old Mutual, Rand Merchant Bank, Rapvest, Standard Bank of South Africa and Standard Chartered Bank.


Members

Katz, Leonard (Head of Department)

Lombard, Adam

Makena, Ntlhane

Melis, Lisa

Oertel, Gary

Symington, Andre

Winer, Paul

Restructuring/Insolvency

ENSafrica

firm
Location

The MARC | Tower 1

129 Rivonia Road

Sandton

P.O Box 783347

Johannesburg

Gauteng

South Africa

2196

View Firm Profile

Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

South Africa

Restructuring/Insolvency


Gary Oertel
Band 1
Leonard Katz
Eminent Practitioners
Ntlhane Makena
Up and Coming
Paul Winer
Band 1