Overview
Max advises creditors, debtors and insolvency office holders on complex multijurisdictional financial restructurings, formal insolvency proceedings, contingency planning, security enforcement and distressed M&A transactions.
Max has completed secondments to the HSBC Loan Management Unit in London (2018/19) and the RBS Restructuring Legal Department (2015).
Work Highlights
Max has advised on many market-leading deals. These include:
- Bulb Energy Ltd: acting for the special administrators on various aspects of the first ever energy supply company administration including the transfer of Bulb’s business to Octopus Energy by way of an energy transfer scheme and subsequent judicial review proceedings
- intu Properties Plc: acting for the shopping centre group on its £4.7bn debt restructuring, and subsequently the joint administrators of the group’s parent company and various other group companies
- Lehman Brothers: acting for the joint administrators of Lehman Brothers International (Europe) on the scheme of arrangement which provided a framework for the settlement of legal proceedings and the distribution of an £8bn administration surplus
- Arcadia Oxford Street: acting for the joint administrators and CVA supervisors of a property holding company which owned the flagship Topshop store on Oxford Street on the sale of the company through a novel combination of an administration, CVA and receivership share sale
- Studio Retail: acting for the joint administrators of Studio Retail Group plc on the pre-packaged administration sale of the group’s business to Frasers Group
- National Bank of Ukraine: acting for the Ukrainian central bank on the first ever successful application to the Bank of England for recognition of third-country resolution action, taken in respect of PrivatBank
- Galapagos: acting for a syndicate of RCF and guarantee facility lenders to Galapagos, a German heat exchange manufacturer, in connection with its financial restructuring
- Nordic Aviation Capital: acting for an ad-hoc group of RCF, Schuldschein and bilateral lenders to Nordic Aviation Capital DAC on the group’s US$8bn balance sheet restructuring
- Yunneng Wind Power Co: acting for the owner and operator of a Taiwanese wind farm on the restructuring of its €2.9bn financial debt implemented by way of a Part 26A Restructuring Plan. This was the first ever scheme or restructuring plan by a Taiwanese company
- Sunac China: acting for an ad hoc group of bondholders on the restructuring of Sunac China’s US$10.2bn offshore bonds. This was the first successful restructuring of a Chinese real estate developer since the start of the current sector crisis
Country Of Admission