Slaughter and May

Restructuring/Insolvency Department

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What the team is known for Standout practice regarded as a go-to for company-side representation in connection with restructurings and distressed situations. Frequently called upon to advise on complex and high-value restructurings and insolvencies, often with a multi-jurisdictional aspect. Considerable experience handling government debt and bank restructurings. Also fields strength in creditor-side representations, with additional experience acting for insolvency officials and the Official Receiver and Special Managers.

Strengths One client reports: "The work of the firm in general was of the very highest standard. We could not have asked for more in terms of commitment and quality of advice. Almost impossible deadlines were met without standards being compromised at any stage. The teamwork was truly remarkable."

Sources praise the team for its "mastery of subject matter" and ability to "operate at the highest levels of government and with regulators."

One source notes:"It is a pleasure to work alongside them. They are very organised and responsive and the legal advice is first class."

Work highlights Acted as corporate counsel to Seadrill on the negotiation and implementation of a comprehensive restructuring plan of its existing bank and bond debt.

Notable practitioners

The "incredibly strong"
Ian Johnson
is noted for his expert handling of restructuring and insolvency matters for corporates and funds. Clients say: "Ian is exceptional: his breadth of experience, his team leadership and his calm, commercial advice are best in class."