Latham & Watkins LLP

Restructuring/Insolvency Department

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What the team is known for Highly regarded teams in multiple European jurisdictions, especially the UK and Germany, alongside services in Spain and Italy. Recognised for its expertise in leveraged finance and high-yield bond restructuring. Particularly well known for its creditor-side practice, the firm maintains close relationships with alternative lenders. Desirable choice for complex matters spanning many jurisdictions across Europe and beyond, thanks to its global network. Retail, energy, manufacturing and agriculture are recent areas of activity.

Strengths A client reports: "They are very commercial and they are also very good in the detail. Partners lead the commercial aspect and the associates do an excellent job of backing that up with legal drafting."

An interviewee comments: "They have a holistic approach through a good understanding of the economic situation and the ability to take different positions into account."

Work highlights Represented the committee of bondholders of New Look in relation to the company's GBP1.35 billion restructuring.

Notable practitioners

London-based Simon Baskerville is global co-chair of the firm's restructuring, insolvency and workouts practice. Further contacts include John Houghton in London, Frank Grell in Hamburg and Andrea Novarese in Milan.