Overview
Rebecca is the Global Co-Head of Banking at Linklaters and a partner in the Restructuring and Insolvency team, comprising specialists throughout Europe, the Americas and Asia and handling the world's most challenging and significant domestic and cross-border assignments.
Rebecca advises creditors, (including banks and other financial investors and steering committees) insolvency office holders, and corporate debtors and their directors in all aspects of non-contentious restructuring and insolvency work. With a remarkable breadth of practice and extensive experience, Rebecca has acted on a wide range of workouts, business recoveries, stressed financings and administrations and liquidations.
Rebecca has also advised on a series of real estate and corporate restructurings in many jurisdictions, including, currently, on the restructuring of Abengoa in Spain, the largest ever European restructuring involving three separate processes, including a Spanish judicial confirmation, an English company voluntary arrangement (CVA) and U.S. Chapter 11 proceedings.
Work highlights
Rebecca has led on many high-profile restructurings and insolvencies. Highlights of her experience include advising:
- Abengoa, the Spanish renewables group with 9,000 creditors on a restructuring the effect of which was to reduce the group’s pre-structuring corporate indebtedness from €8.9bn to €2.6bn. It is to date the largest restructuring for a Spanish corporate
- the lenders on the restructuring and, subsequently, the administrators on the administration of Battersea Power Station, which involved the ground breaking decision to put Jersey-registered companies into liquidation in the UK
- the international lenders on the US$360m debt restructuring of Lonmin, the South African mining company
- the Special Liquidators of IBRC proving general English insolvency advice and advising in connection with the sale of the NI and UK loan portfolio predominantly consisting of commercial real estate back loans
- the senior creditor banks on the initial €2.2bn restructuring of the European Directories Group, which involved obtaining a Court of Appeal decision reaffirming market interpretation of a standard inter-creditor agreement. Reprising a very similar role on the second restructuring of the Group
- Kodak Group, in relation to the Group wide restructuring necessitated by the Chapter 11 filing, providing advice on non US subsidiaries and pensions issues
- the administrators of Petroplus, formerly the largest refiner and wholesaler of petroleum products in Europe
- the administrators of Waterford Wedgwood, a cross-border insolvency that involved selling assets in Canada, the U.S., Japan, Australia and the UK
- the administrators of La Senza, the UK subsidiary of the Canadian high street retailer
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