We communicate clearly and honestly; leverage established external relationships; and work quickly, efficiently, and closely with clients' in-house counsel to ensure a cohesive strategy.

A true one-stop shop, we deploy Mayer Brown’s finance and litigation lawyers as the situation dictates. And on complex cross-border, multi-jurisdictional matters and formal insolvencies, we collaborate seamlessly with our regional teams.

Across the Americas, Asia and Europe, our track record underscores our commitment to protecting clients' interests in both out-of-court and in-court challenges.

• Bogart Group. We successfully led negotiations for and on behalf of all 8 banks and achieved substantial recoveries across both secured and unsecured exposures to the Bogart Group, a vertically integrated global leader in the design, development and manufacturing of fashion bras, and one of the top leading names in intimate apparel, sports and swimwear. This is a rare large bank driven restructuring but on an entirely bilateral basis, which requires individual agreements for each of the 8 banks with bespoke terms for the different debt and security profiles, whilst at the same time requiring parity of treatment and similar economic terms.
• Brazilian sugar, ethanol and energy producer. We act as legal counsel on all matters related to Brazilian and foreign (NY/English) law to the international lender group on the restructuring of a leading Brazilian sugar, ethanol and energy producer.
• Brazos Electric Power Cooperative, Inc. We represented the administrative agent and largest lender under the $500 million syndicated multi-lender pre-petition revolving credit facility to Brazos Electric Power Cooperative, Inc. in its chapter 11 case.
• Centric Brands Inc. We represented a major US Bank, as administrative agent, under the pre-petition and post-petition A/R securitization facility in the chapter 11 bankruptcy case of Centric Brands Inc.  This financing utilized securitization technology and DIP lending in a court-approved, complex hybrid securitization/DIP facility.  
• China Shanshui Cement. We represent IPs in their capacity as directors of China Shanshui Investment Company Limited on its contested replacement of Hong Kong listed China Shanshui Cement's board.
• Cloud Peak Energy Inc. We represented a major US bank, as administrative agent, in connection with financing the chapter 11 case of Cloud Peak Energy Inc., one of the largest coal producers in the United States. The unique financing blended securitization technology and DIP lending into court-approved, complex hybrid securitization/DIP facility. The innovative financing harmonized complex intercreditor issues raised by extending a securitization facility into a chapter 11 proceeding (utilizing a non-bankrupt SPV) on a side-by-side basis with DIP loans provided by prepetition secured lenders. This restructuring was awarded “Basic Resources Restructuring of the Year (Value below $500 million)” at Global M&A Network’s 2020 Annual Turnaround Atlas Awards.
• Commercial Bank of Dubai. We represented theCommercial Bank of Dubai (CBD) in connection with the restructuring of McDermott International, a provider of engineering and construction for the energy industry. By negotiating the inclusion of protective provisions within McDermott’s confirmed plan of reorganization, Mayer Brown ensured that the procurement guarantees that CDB had provided for projects undertaken in the Middle East and North Africa by McDermott’s affiliate would not be impaired. McDermott International’s restructuring was awarded “Restructuring Deal of the Year” at the 2021 IFLR Americas Awards.
• Covia Holdings Corp. We represented a major US Bank, as administrative agent, in connection with the letter of credit DIP Facility in Covia Holdings Corp.’s chapter 11 case.  This innovative letter of credit facility utilized securitization technology and harmonized complex intercreditor issues with certain secured lenders.
• CWT / HNA Group. We advised the joint and several receivers and managers of certain assets offered as security in favour of lenders of HK$1.4 billion advanced by them to an investment holding company of the HNA group. Under our stewardship, we successfully countered an aggressive challenge to the appointment of the receivers and implemented a protocol for asset disposal and a refinance via consensual arrangement between the borrower and the lenders.
• Debenhams Pension Schemes. We represent the staff and executive scheme pension trustees of the Debenhams Pension Schemes in relation to the restructuring of Debenhams. We provide counsel in relation to negotiations alongside the Pension Protection Fund and the Pensions Regulator leading to the grant of shared security in the context of the proposed CVA, and advise on all aspects of the CVA, including voting issues and the subsequent court challenge. 
• EA Partners I BV and EA Partners II BV. We represent the ad hoc committee of bondholders on the restructuring of the US$1.2 billion in aggregate face value of notes issued by EA Partners I BV and EA Partners II BV securitising loans to Etihad PJSC, Etihad Airport Services, Air Serbia, Air Seychelles, Alitalia, Air Berlin and Jet Airways. 
• ED&F Man Group. We represented the brokerage lenders to the ED&F Man Group in respect of the recent restructuring of the debts of that group.
• FrontPoint Security Solutions, LLC. We represented the original administrative agent and lead lender, under a $200 million multi-lender first lien secured facility to FrontPoint Security Solutions, LLC, a major alarm security company, and its affiliates. This transaction was awarded “Industrials Deal of the Year” at The M&A Advisor’s 2021 Turnaround Awards.
• Genting Hong Kong. Genting Hong Kong, a well-known cruise ship operator listed in Hong Kong, is seeking to undertake a restructuring of its debts and operations. We are acting for the seven-bank ad hoc steering committee, representing more than 30 bank lenders and credit support providers to the Genting cruise business, on the restructuring’s proposed terms of agreement across a wider group of interested stakeholders. This is a highly complex transaction as the debtor group is a major listed cruise operator in Hong Kong, in an industry that has been significantly affected by the COVID-19 pandemic, with corresponding uncertainty regarding future activities and liquidity.
• GWG Holdings, Inc. We represent GWG Holdings, Inc. and certain of its subsidiaries, a publicly-traded life settlements and alternative investments company with approximately $2.1 billion in debt at the time of filing, as lead debtors’ counsel, in connection with their chapter 11 cases.
• Hertz. We represented Barclays, as administrative agent, under the $1.6 billion pre-petition Donlen ABS facility in the Hertz chapter 11 case and, as administrative agent under a $400 million post-petition superpriority DIP/ABS facility with respect to the Donlen fleet leasing business. We also represented Barclays and another major financial institution, as initial purchasers, in connection with the offering of $1 billion asset-backed notes issued by Donlen Fleet Lease Funding 2 LLC, which was consummated as part of a section 363 transaction pursuant to which Athene Holding, an affiliate of Apollo Management, acquired the Donlen fleet leasing business in the Hertz chapter 11 case. This restructuring was awarded “Restructuring Deal of the Year” at the 2022 IFLR Americas Awards. 
• Huarong Investment Stock Corporation. We advised a wholly owned subsidiary of Huarong Investment Stock Corporation Limited on the recovery of a significant loan to a Hong Kong company through enforcement by receivers. As security for the loan, the borrower executed a charge over certain shares it had in a listed company on the main board of the Hong Kong Stock Exchange in favour of the lender.
• Huiyuan Juice. We represented the listed debtor group in successfully defending against the appointment of provisional liquidators, with a view to allowing a restructuring of the group and its indebtedness rather than falling to liquidation on the petition of a creditor. Huiyuan Juice, one of the largest juice companies in China, is listed in Hong Kong. The case has been noted as a significant decision in potentially showing the limits of the Hong Kong winding-up jurisdiction in the context of Mainland business groups listed in Hong Kong and involving offshore corporate vehicles.
• International Pizza Hut Franchise Holder Association. We represented International Pizza Hut Franchise Holder Association, as one of three members on the official committee of unsecured creditors, in the chapter 11 cases of NPC International Inc. and its affiliates pending before Judge Jones in the US Bankruptcy Court for the Southern District of Texas.
• Intu. We advised a major international bank on aspects of the restructuring of the debts of the Intu group of companies.
• Joannou & Paraskevaides (Overseas). We represent insolvency practitioners from Alvarez & Marsal Europe, the leading global professional services firm, in connection with all aspects of their appointment as the liquidators of Joannou & Paraskevaides (Overseas), a construction company operating in the Middle East, Europe & North Africa.  The liquidators were appointed by an order of the Guernsey Court.
• Kaisa. We represent the bilateral bank lenders in relation to the restructuring of their loans to Kaisa Group Holdings Limited and the associated schemes of arrangement.
• LBO France. We represent LBO France, the leading France-based private equity firm, in its role as sponsor in relation to the US$340 million restructuring of the French retailer, IKKS Group.  Our extensive, cross-border counsel on this matter includes advising on the relevant lock up and restructuring terms. 
• Nationwide Accident Repair Services. We represent the joint administrators of Nationwide Accident Repair Services and 8 of its subsidiaries, operators of a nationwide network of garages servicing the accident repair market for a number of large UK general insurance firms. Immediately following appointment, the joint administrators completed a sale which included the majority of the group’s business and assets to RunMyCar Limited, a subsidiary of Redde Northgate PLC, safeguarding almost 2,350 roles across 80 sites, including repair garages and back office functions. 540 roles were made redundant as 30 sites were closed. We acted for the joint administrators in all aspects relating to the sale of the business and certain assets to RunMyCar Limited.
• One Blackfriars Limited. We are conducting the defense of a complex, £250 million claim against two BDO Partners (the former administrators), who acted as the administrators of One Blackfriars. As part of the administration, the former administrators sold a development site in Central London.  Joint liquidators, appointed to One Blackfriars Limited, are alleging that the former administrators acted in breach of duties in their conduct of the administration relating to the sale of the site.  In particular, the joint liquidators allege that the former administrators failed to take steps which caused OBL to lose the chance to be rescued, and/or caused the site to be sold at an undervalue.  The former administrators deny all such allegations. 
• Pacific Andes/China Fishery. We represented Malayan Banking Berhad (Maybank), one of the primary bank creditors of the debtor group, on its negotiations with Pacific Andes and other creditors and as to its security and enforcement options, with a view to recovery of its loans.
• Paperchase. We represented funds managed by Permira credit arm on their acquisition of a large portion of the stationery retailer Paperchase, a move which rescued the business from administration.
• PRC NPL. We represented Citibank London, Hong Kong and Singapore as lender in the acquisition financing of a US$350 million non-performing loan portfolio in the People’s Republic of China; this is Citibank’s first such NPL transaction in the PRC. The structure was novel, as it was the first back to back financing arrangement of NPL in the PRC.
• ProCure Cancer Treatment Centers. We represented a major international financial institution, as agent on behalf of a syndicate of lenders, in connection with the restructuring of loans for four cancer-treatment centers across the United States. This involved novel out-of-court refinancing transactions and both consensual and disputed bankruptcy court supervised 363 sale transactions. These deals were awarded “Health Care Services Restructuring of the Year” at Global M&A Network’s 2019 Annual Turnaround Atlas Awards and “Chapter 11 Reorg of the Year ($500MM to $1B)” at the 2019 M&A Advisor Turnaround Awards.
• Protalix BioTherapeutics, Inc. We represented Protalix BioTherapeutics, Inc., a biopharmaceutical company focused on the development, production and commercialization of recombinant therapeutic proteins, in its successful out-of-court restructuring and $43.7 million private placement of common stock and warrants. 
• School Specialty, Inc. We represented School Specialty, Inc., a leading provider of educational products and services to the Pre-K- 12th grade market in the US and Canada, in its successful out-of-court restructuring of more than $300 million of debt and consensual sale of substantially all of its assets to an entity formed by TCW Asset Management Company, LLC, Cerberus Capital Management, and Lantern Capital Partners.
• Seadrill Limited. We represented Northern Ocean Ltd., an international drilling contractor, in connection with the US chapter 11 filing of Seadrill Limited and its affiliates, a leading global provider of offshore contract drilling services with approximately $7.3 billion in debt at the time of filing, and the negotiation of a contract dispute with Seadrill Limited and its affiliates.
• Techniplas, LLC. We represented The Jordan Company as buyer-side/lender counsel in the restructuring of Techniplas, LLC, a global manufacturer of auto components with production facilities and technical and sales centers in the United States, Mexico, Brazil, Germany, Switzerland, France, Spain, South Africa and China.
• United Airlines, Inc. We represented Goldman Sachs Lending Partners LLC, as sole structuring agent and lead left arranger and bookrunner, and Goldman Sachs Bank, as administrative agent, on a first-of-its-kind $6.8 billion financing consisting of $3.8 billion of senior secured high yield bonds and $3 billion of senior secured institutional term loans to MileagePlus Holdings, LLC, a direct wholly-owned subsidiary of United Airlines, Inc., with each of the loans and bonds secured by United Airlines’ loyalty program, MileagePlus, and subject to a parent guarantee by United Airlines, Inc. and United Airlines, Holding Inc. and guarantees by certain other subsidiaries of United. This innovative transaction involved the contribution of intellectual property of the MileagePlus program to a newly formed offshore subsidiary that was structured to be bankruptcy remote.
• Vinashin. We advised on the financial restructuring of Vietnam Shipbuilding Industry Group (Vinashin) involving debts in excess of US$4.5 billion and included dealing with a US$600 million facility by a Scheme of Arrangement. This was the first restructuring of a Vietnamese state owned enterprise and involved the Vietnamese government, numerous ministries and a strategically important industry.
• Virgin Atlantic Airways. We advised a major US bank on certain aspects of the restructuring of the debts of Virgin Atlantic Airways.
• Waypoint Leasing Holdings Ltd. We represented amarket-leading institutional trust company and a major US bank, as agents, respectively, for syndicates of lenders, in connection with the workout, restructuring and multi-jurisdictional insolvency cases of Waypoint Leasing Holdings Ltd. and its various subsidiaries. Waypoint is a helicopter leasing company that financed its operations through a series of bi-lateral credit facilities at its subsidiaries. This deal was awarded “Restructuring of the Year ($1B to $10B)” at the 2019 M&A Advisor Turnaround Awards.
• Weatherford International plc. We represented a major financial institution, as agent, collateral agent and bilateral letter-of-credit issuer, in connection with the multi-jurisdictional chapter 11 cases of Weatherford International plc and certain of its affiliates, with respect to a rolled-up prepetition and new money post-petition cash collateralized letter of credit facility. The letter of credit facility presented complex intercreditor issues with a side-by-side term loan DIP facility and the related cross-border cash management system. This restructuring was awarded “Energy Restructuring of the Year (Large)” at Global M&A Network’s 2020 Annual Turnaround Atlas Awards.
• Wilmington Trust. We represent Wilmington Trust, the leading US-based global provider of corporate and institutional services and investment management, in its role as security trustee on a complex cross-border matter. This mandate is linked to Bulgarian and UK enforcement proceedings, including litigation in Bulgaria, regarding the respective priorities of unsecured claims and floating charge creditors as well as potential appointment of English law receivers over shares.  The borrower is Bulsatcom, a major media company in Bulgaria.
• Youyuan and Sunwell. We acted for a six-bank syndicate for the appointment of provisional liquidators in Hong Kong to the Cayman-incorporated, Hong Kong-listed parent company and an intermediate company in the group holding the PRC operating companies, amidst concerns over significant overstatement and dissipation of assets. We also act for the provisional liquidators in their investigations and asset protection/tracing actions. This was one of the first Provisional Liquidator appointments for some time to be implemented first in Hong Kong rather than in the place of incorporation.
• Z-Obee. We advised the provisional liquidators appointed in Hong Kong and Bermuda in connection with the restructuring of Hong Kong listed Z-Obee and the resumption of trading in its shares through multi-jurisdictional schemes of arrangement and involving novel cross-border recognition issues to address concerns arising from the Re Legend International Resorts Limited decision. The deal won a “standout” award from the FT Asia-Pacific Innovative Lawyer Awards 2018 for its innovative solutions.

IFLR1000 2022/23

• Ranked Tier 1 for Restructuring and Insolvency – Hong Kong

Global M&A Network’s Annual Turnaround Atlas Awards, 2022

• Advised on Chapter 11 Restructuring of the Year (Large) – Washington Prime Group restructuring. We represented GLAS USA LLC and GLAS Americas LLC, as administrative agent and collateral agent, respectively, under the $100 million DIP facility in connection with the Chapter 11 cases of Washington Prime Group, a major owner of malls and shopping centers across more than 100 locations across the US, and its affiliates. The firm also represented GLAS USA LLC as administrative and collateral agent under three separate syndicated credit facilities totaling over $1 billion of prepetition secured debt, and advised GLAS USA LLC and GLAS Americas LLC, as administrative agent and collateral agent, respectively, under the takeback facility that paid down the prepetition secured debt pursuant to a confirmed Chapter 11 plan of reorganization.
• Advised on Cross Border Turnaround of the Year – Avianca Holdings restructuring. We represented BNP Paribas, as facility agent, security agent and lender in the multi-jurisdictional insolvency cases of Avianca Holdings S.A. and certain of its subsidiaries and affiliates. Avianca Holdings S.A. is a multi-LATAM company, one of the world’s oldest airlines, and the second largest airline in Latin America.
• Advised on Turnaround of the Year (Mega) – Hertz Global Holdings restructuring. We represented Barclays, as administrative agent, under the $1.6 billion pre-petition Donlen ABS facility in the Hertz Chapter 11 case and, as administrative agent, under a $400 million post-petition super priority DIP/ABS facility with respect to the Donlen fleet leasing business.

The M&A Advisor’s Annual Turnaround Awards, 2022

• Advised on Reorganization of the Year (over $1B) – Hertz Global Holdings restructuring. We represented Barclays, as administrative agent, under the $1.6 billion pre-petition Donlen ABS facility in the Hertz Chapter 11 case and, as administrative agent, under a $400 million post-petition super priority DIP/ABS facility with respect to the Donlen fleet leasing business.
  

IFLR Americas Awards 2022

• Advised on Restructuring Deal of the Year – Hertz Global Restructuring. We represented Barclays, as administrative agent, under the $1.6 billion pre-petition Donlen ABS facility in the Hertz Chapter 11 case and, as administrative agent, under a $400 million post-petition superpriority DIP/ABS facility with respect to the Donlen fleet leasing business. The firm also represented Barclays and another major financial institution, as initial purchasers, in connection with the offering of $1 billion asset-backed notes issued by Donlen Fleet Lease Funding 2 LLC, which was consummated as part of a section 363 transaction pursuant to which Athene Holding, an affiliate of Apollo Management, acquired the Donlen fleet leasing business in the Hertz Chapter 11 case.

Chambers USA 2022

• Ranked for Bankruptcy/Restructuring

Legal 500 USA 2022

• Ranked for Restructuring (including bankruptcy): Corporate
  

IFLR1000 2022

• Ranked Tier 1 for Restructuring and Insolvency – Hong Kong

US News/Best Lawyers “Best Law Firms” First-tier Rankings 2022

• National – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
• New York – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law

Global Restructuring Review’s GRR30 2021

• Ranked number 13 among law firms for cross-border restructuring and insolvency matters

The M&A Advisor’s Annual Turnaround Awards, 2021

• Advised on Industrials Deal of the Year – Restructuring and Majority Recapitalization of FrontPoint Security Solutions, LLC. We represented the original administrative agent and lead lender, under a $200 million multi-lender first lien secured facility to FrontPoint Security Solutions, LLC, a major alarm security company, and its affiliates. The firm played a leading role in the negotiation, documentation and execution of the entire restructuring and recapitalization.
• Advised on Cross-border Restructuring of the Year (Under $500MM) – Refinancing of Pyxus International Inc. We represented a trade and development financial institution operating in Africa on the amendment and restatement of a $285 million secured pre-export finance facility for Alliance One subsidiaries in Kenya, Malawi, Tanzania, Uganda and Zambia, and on related restructuring/bankruptcy coordination issues arising in connection with the U.S. Chapter 11 proceedings of Pyxus International Inc. (the parent and guarantor of the facility).

Global M&A Network’s Annual Turnaround Atlas Awards, 2021

• Advised on Chapter 11 Restructuring of the Year (Mega) – PG&E Corporation restructuring. We represented a large international bank in connection with PG&E Corporation’s Chapter 11 case, including advising the client as administrative agent under the $1 billion AR exit facility pursuant to the confirmed plan of reorganization for PG&E Corporation. Mayer Brown also advised BNP Paribas as joint lead arranger and lender under the $5.5 billion DIP Facility, as well as a lender under certain prepetition credit facilities.
• Advised on Chapter 11 Restructuring of the Year (Large) – Centric Brands Inc. restructuring. We represented PNC Bank, N.A. as administrative agent and purchaser in the Chapter 11 bankruptcy cases of Centric Brands Inc. The prepetition securitization facility was amended, restructured and extended post-petition in the form of a DIP securitization facility to solve for the Chapter 11 debtors’ “severe liquidity challenge and disruption to the ordinary course of the debtors’ business operations.”
• Advised on Materials & Resources Restructuring of the Year – Covia Holdings Corp. restructuring. We represented PNC Bank, N.A., as administrative agent and issuing bank, in connection with the complex DIP/letter of credit facility in Covia Holdings Corp.’s Chapter 11 case. 

Global M&A Network’s Americas M&A Atlas Award, 2021

• Advised on Restructuring of the Year (Large) – Centric Brands Inc. restructuring. We represented PNC Bank, N.A. as administrative agent and purchaser in the Chapter 11 bankruptcy cases of Centric Brands Inc. The prepetition securitization facility was amended, restructured and extended post-petition in the form of a DIP securitization facility to solve for the Chapter 11 debtors’ “severe liquidity challenge and disruption to the ordinary course of the debtors’ business operations.”

Chambers USA 2021

• Ranked for Bankruptcy/Restructuring 

IFLR Americas Awards 2021

• Advised on Restructuring Deal of the Year – McDermott International Restructuring. We represented the Commercial Bank of Dubai (CBD) in connection with the restructuring of McDermott International, a provider of engineering and construction for the energy industry. By negotiating the inclusion of protective provisions within McDermott’s confirmed plan of reorganization, Mayer Brown ensured that the procurement guarantees that CDB had provided for projects undertaken in the Middle East and North Africa by McDermott’s affiliate would not be impaired.

IFLR United States Awards 2021

• Advised on Restructuring and Insolvency Deal of the Year – Macy’s Restructuring. We represented the board of directors of Macy’s, Inc., a publicly-traded retailer with sales of $24.6 billion, in a new $3 billion ABL facility and $1.3 billion secured bond issuance.

IFLR1000 2021

• Ranked Tier 1 for Restructuring and Insolvency – Hong Kong
• Ranked for Restructuring and Insolvency – Thailand
• Ranked for Restructuring and Insolvency – United States

US News/Best Lawyers “Best Law Firms” First-tier Rankings 2021

• National – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
• New York – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
• Chicago – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law

Global M&A Network’s Annual Turnaround Atlas Awards, 2020

• Advised on Energy Restructuring of the Year – Weatherford International restructuring. We represented Deutsche Bank AG, as agent, collateral agent and bilateral letter-of-credit issuer, in connection with the multi-jurisdictional Chapter 11 cases of Weatherford International plc and certain of its affiliates, with respect to a rolled-up prepetition and new money post-petition cash collateralized letter of credit facility, which was harmonized on a side-by-side with a term loan DIP facility and the related cross-border cash management system.
• Advised on Basic Resources Restructuring of the Year – Cloud Peak Energy restructuring. We represented PNC Bank, National Association, as administrative agent, in connection with financing the Chapter 11 case of Cloud Peak Energy Inc., one of the largest coal producers in the United States. The unique financing blended securitization technology and DIP lending into court-approved, complex hybrid securitization/DIP facility. The innovative financing harmonized complex intercreditor issues raised by extending a securitization facility into a Chapter 11 proceeding (utilizing a non-bankrupt SPV) on a side-by-side basis with DIP loans provided by prepetition secured lenders.

IFLR1000 2020

• Ranked Tier 1 for Restructuring and Insolvency – Hong Kong
• Ranked for Restructuring and Insolvency – Thailand
• Ranked for Restructuring and Insolvency – United States
• "Very experienced with China work and debt restructuring." 
• "Solid firm that I have used for a number of years now. The restructuring team has good experience in the region and provides us with consistently sound advice."  

Chambers USA 2020

• Ranked for Bankruptcy/Restructuring 

US News/Best Lawyers “Best Law Firms” First-tier Rankings 2020

• National – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
• New York – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
• Chicago – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law

IFLR1000 2019

• Ranked Tier 1 for Restructuring and Insolvency – Hong Kong
• Ranked for Restructuring and Insolvency – Thailand
• Ranked for Restructuring and Insolvency – United States
• “Mayer Brown specialises in highly complex cross-border restructuring matters involving significant amount of capital, across multiple jurisdictions and numerous stakeholders.” John Marsden and his team “are leaders in the restructuring field and provide exceptional service, they are always accessible and available. They listen first and talk second. This combined with superior technical and communication skills make them a stand out in the market. They work together as a team, are very pragmatic, have cool heads under pressure, excellent stakeholder management skills, and great working style.”
• “Strong firm with a deep bench of experienced practitioners. It has the international network necessary to be effective in this region.”
• "I have worked with Mayer Brown for the past two years in Hong Kong with the same team. I am very satisfied with the overall level of service."
• "The firm has professionalism and expertise."
• "It has strong commercial and technical ability, and appears to have an excellent culture within the restructuring team with John Marsden … presenting a strong line up."

Chambers USA 2019

• Ranked for Bankruptcy/Restructuring

IFLR Americas Awards 2019

• Advised on Restructuring Deal of the Year – Oi Group Restructuring. We represented Bank of New York Mellon, as trustee, for the notes Oi Group has issued in the international financial markets in connection with Oi Group judicial reorganization case.

The M&A Advisor’s 2019 Annual Turnaround Awards

• Advised on Restructuring of the Year ($1B to $10B) – Waypoint Leasing Holdings Ltd Restructuring. We represented BNP Paribas, Glas Trust Company LLC (the successor to BNP Paribas) and Wells Fargo Bank, National Association, as agents, respectively, for separate syndicates of lenders, in connection with the workout, restructuring, financing and multi-jurisdictional insolvency cases of Waypoint Leasing Holdings Ltd. Waypoint financed its pre-petition operations through a series of complex, bi-lateral secured credit facilities at its subsidiaries, with a parent guarantee. Additionally, the lenders in each credit facility financed Waypoint on a post-petition basis through funding under complicated DIP loans and/or use of cash collateral. The restructuring culminated in a third-party M&A resolution for the Glas Trust Company-led syndicate, and a credit-bid M&A resolution for the Wells Fargo-led syndicate. 
• Advised on Chapter 11 Reorganization of the Year ($500MM to $1B) – Procure Cancer Treatment Restructuring. We represented BNP Paribas Fortis Bank S.A./N.V., as agent on behalf of four overlapping but different syndicates of lenders, in connection with the restructuring / refinancing / exit of several secured loans for cancer treatment centers across the US in the original aggregate principal amount of approximately $500 million. This representation required attention to healthcare, regulatory and restructuring issues (among others) all while navigating the interests of a large number of parties frequently seeking differing outcomes. The resolution of these loans ultimately involved the innovative use of the municipal bond market to facilitate exit financing (both out-of-court and in connection with a prepackaged chapter 11) and, separately, through a highly contested section 363 bankruptcy sale process.

Global M&A Network’s Annual Turnaround Atlas Awards, 2019

• Advised on Health Care Services Restructuring Deal of the Year – ProCure Proton Therapy Center restructuring and refinance. We represented BNP Paribas Fortis Bank S.A./N.V., as agent on behalf of four overlapping but different syndicates of lenders, in connection with the restructuring/refinancing/exit of several secured loans for cancer treatment centers across the U.S. in the original aggregate principal amount of approximately $500 million, including innovative use of the municipal bond market to facilitate exit financing (both out-of-court and in connection with a prepackaged chapter 11) and, separately, through a highly contested section 363 bankruptcy sale process.
• Advised on Turnaround of the Year – Large – Mega Markets – Oi S.A judicial restructuring. We represented Bank of New York Mellon, as trustee, for the notes Oi Group has issued in the international financial markets in connection with Oi Group judicial reorganization case.
  

US News/Best Lawyers “Best Law Firms” First-tier Rankings 2019

• National – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
• New York – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
• Chicago – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
  

Chambers USA 2018

• Ranked for Bankruptcy/Restructuring 

IFLR1000 2018

• Ranked Tier 1 for Restructuring and Insolvency – Hong Kong
• Ranked for Restructuring and Insolvency – Thailand
• Ranked for Restructuring and Insolvency – United States

IFLR Americas Awards 2018

• Advised on Restructuring Deal of the Year – Odebrecht Oil & Gas Restructuring. We advised HSBC Bank, N.A. and HSBC Bank plc in their respective capacities as trustee and offshore accounts bank in the extrajudicial reorganization proceedings in Brazil and Chapter 15 recognition proceedings in the US of Odebrecht Oil & Gas and its subsidiaries and affiliates, which resulted in the successful restructuring and mandatory exchange of more than $2.5 billion of secured notes.

Legal 500 USA 2018

• Ranked for Restructuring (including bankruptcy)

US News/Best Lawyers “Best Law Firms” 2018 First-tier Rankings

• National – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
• Chicago – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law

Asia Legal Awards 2017

• Advised on Finance Deal of the Year: Restructuring & Insolvency – the US$1.5 billion cross-border restructuring of the Pacific Andes group. We advised Malaysia’s Maybank, one of the primary bank creditors, on its negotiations with Pacific Andes and other creditors and as to its security and enforcement options, with a view to recovery of its loans.

Chambers USA 2017

• Ranked for Bankruptcy/Restructuring

IFLR Asia Awards 2017

• Named Restructuring Team of the Year.
• Advised on Restructuring Deal of the Year – Kaisa Group's restructuring. We represented the two largest and only offshore bilateral financial creditors to Kaisa Group, a Hong Kong-listed PRC property developer which defaulted on its offshore debt.

Latin Lawyer Awards 2017

• Advised on Restructuring Deal of the Year – Odebrecht Oil & Gas Restructuring. We advised HSBC Bank, N.A. and HSBC Bank plc in their respective capacities as trustee and offshore accounts bank in the extrajudicial reorganization proceedings in Brazil and Chapter 15 recognition proceedings in the US of Odebrecht Oil & Gas and its subsidiaries and affiliates, which resulted in the successful restructuring and mandatory exchange of more than $2.5 billion of secured notes.

Legal 500 USA 2017

• Ranked for Corporate restructuring (including bankruptcy)

US News/Best Lawyers “Best Law Firms” 2017 First-tier Rankings

• National – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
• Chicago – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
• New York – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law

Chambers USA 2016

• Ranked for Bankruptcy/Restructuring in Illinois
• "They're very active in this space - they stay on top of things, keep us informed and fully understand our internal needs."

IFLR1000 2016

• Ranked for Restructuring and Insolvency

Legal 500 USA 2016

• Ranked for Corporate restructuring (including bankruptcy)

Chambers Global 2015

• Ranked for Bankruptcy/Restructuring.

Chambers USA 2015

• “Everyone has been very available and highly knowledgeable, and the advice we get is always spot on. They've become very familiar with how we view various risks in the market and tailor their advice accordingly.”
• “They provide very succinct guidance and are really good about standing by their position. They are not afraid to write a memo to explain the legal risks, ramifications and our position, which we can use as a reference.”
• “They are very responsive, extremely knowledgeable and know how to operate within a large syndicated bank group environment and manage crowd control.”
• Ranked for Bankruptcy/Restructuring in Illinois.

IFLR 2015

• "Mayer Brown's 'fully involved and accessible lawyers' and 'comprehensive geographical footprint' draws glowing praise – 'this firm adds value on a deal.'"
• Ranked for Restructuring and Insolvency.

Legal 500 USA 2015

• Ranked Tier 4 for Corporate restructuring (including bankruptcy).

Chambers USA 2014

• "They are very strong on technical restructuring matters and have a great business sense."
• "The group have skill in identifying the legal issues and their client's goal - they listen to the client and know how to achieve results."

Chambers USA 2013

• "At all levels of the firm, the depth of knowledge is superior and the service unfailingly professional and efficient. The firm has experience across a multitude of industries and diverse legal disciplines for comprehensive advice."
• Mayer Brown is consistently recognized for its superior work on matters and is consistently ranked among the world’s best practices by legal directories and other third parties. Some accolades include:

Asian Legal Business Awards

• Insolvency & Restructuring Law Firm of the Year — 2002, 2003, 2005, 2006, 2009 and 2011-2013.

The Asset Triple A Regional Awards

• Best Restructuring Law Firm, Asia — 2013

Legal Business Awards

• Restructuring Team of the Year 2011 "Highly Commended" honors for our work advising the receivers of Golden Key, considered to be one of the most complex SIV restructurings.

IFLR Restructuring Deal of the Year 2011

• Advised on the IFLR Restructuring Deal of the Year 2011 – the restructuring of Controladora Comercial Mexicana, S.A. de C.V. (CCM), arising from CCM's liability under currency exchange derivatives contracts. We represented Barclays Capital in connection with the bankruptcy filing.

IFLR Europe Awards shortlisted Restructuring Deal of the Year 2011

• Advised on the IFLR Europe Awards shortlisted Restructuring Deal of the Year 2011 – the complex cross-border restructuring of the Almatis Group. We advised Wilmington Trust in relation to the restructuring of the leveraged finance facilities of the Group.

Chambers Asia Pacific since 2008, The Legal 500 Asia Pacific since 2008 and IFLR1000 since 2007

• All ranked the Hong Kong restructuring team in Band 1/Band 2. IFLR1000 recognises our Asian team “for its capacity to handle cross-border and multi-jurisdictional restructuring and insolvency matters.”

Chambers UK 2011 and 2012

• Chambers UK recognized our group for Commercial Awareness and Chambers UK 2011 notes that the team is "consistently excellent" and that clients give "ten out of ten for responsiveness and coverage."

The Lawyer’s "Top 20 Cases of 2012"

• Advising on one of The Lawyer’s "Top 20 Cases of 2012" – New Cap Reinsurance Corporation and another (Respondent) v A E Grant and others (Appellants).