Sidley Austin LLP

Patrick Corr

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Patrick Corr is head of Sidley's Restructuring group in Europe and has extensive experience in both contentious and non-contentious corporate recovery and turnaround matters. Recent representative engagements include: acting for Simon Appell of AlixPartners and Eleanor Fisher of Kalo in their capacity as joint provisional liquidators of Ocean Rig UDW in its successful restructuring of approximately US$3.8 billion of financial indebtedness – one of the world’s largest ever restructurings; the restructuring was implemented through four separate and interconnected Cayman Islands law governed schemes of arrangement, along with Chapter 15 recognition; represented the Interim Managers of the Abraaj Growth Markets Health Fund. L.P., , the Dubai-based private equity group which filed for provisional liquidation in the Cayman Islands in June 2018.The appointment of an independent “interim manager” is a first in this type of insolvency. It represents a novel and unique solution to address perceived investor concerns; acted for LDK Solar and the Cayman Court Provisional Liquidators in connection with the groups’ global restructuring which was the first judicially approved multi-jurisdictional debt restructuring of a China-based company.

Career

Patrick regularly lectures on issues of European and international insolvency/restructuring law and practice to banks, note holders, in-house counsel and accountants.