We have advised in connection with many of the recent major restructurings and insolvencies, such as TXU, Enron, Railtrack, Swissair, British Energy, North Atlantic Insurance Company, Energis plc, HIH Insurance and Global Crossing.

Other recent matters where we have been retained include:

Acting for a leading UK reinsurer (part of a large multinational group) on two proposed solvent schemes of arrangement, one involving a pool of reinsurers, including in relation to a proposed US Chapter 15 recognition application;

Fleet National Bank: Acting for the Bank on the restructuring of facilities made available to a number of borrowers including complex cross-border insolvency issues;

Acted on behalf of Goldman Sachs in connection with its bid for the Drax power station. We have also been retained in connection with several other matters relating to the ongoing restructuring in the UK power sector;

Representing Bank of AmericaNA in multi-billion dollar fraudulent trading proceedings brought by the liquidators of BCCI;

Interoute Telecommunications Group: Advising group companies and shareholders on a major restructuring of the group’s two core businesses;

Wassa Gold Project: Advising on the project financing and subsequent restructuring of the financing arrangements on the Wassa Gold mine in Africa;

Acting for several hedge counterparties in connection with the restructuring of the hedge portfolios of several mining companies in the wake of fluctuating commodity prices;

Acting in the landmark Cabletel case in relation to costs in insolvency proceedings;

Advising on the world’s largest acquisition of real estate loans for a private equity firm;

Advising the liquidators of Manning Williams Limited, a broker;

Advising the liquidators of Robin Symes Limited, an antiquities dealer, on all matters arising during the liquidation, including various disputed claims to assets and proceedings in a number of jurisdictions;

Acting for the administrators of Atkins Nutritionals (United Kingdom) Limited on the restructuring of the European business of the Atkins Diet group of companies;

Acting for administrators and administrative receivers on a number of business and asset sales and other issues in the IT, port authority, recruitment, manufacturing and telecoms sectors;

AFG Insurances Limited: Acting for the company’s administrators in proceedings concerning reinsurance and set-off issues arising in the context of the insolvency of members of an insurance pool (NAIC -v- Nationwide & Others) including a successful appeal;

Griffin Trading Company: Advising on the concurrent US bankruptcy and UK liquidation of a US company also operating in the UK;

Advising in relation to numerous reconstructions using section 110 of the Insolvency Act 1986, acting variously for the company, the liquidator, a purchaser and one of the primary lenders;

Advising a Brussels based fronting bank in the refinancing of champagne producers’ bond issues, including French and English law aspects of the restructuring;

Acting for the liquidators of a company which operated a pyramid selling scheme, including advice on actions against directors, antecedent transactions and asset recovery.