James Warboys

R&I and Special Situations Partner, Hong Kong SAR

“I draw on my experience of advising on complex and high value financial restructurings, special situation investments and formal insolvencies across multiple jurisdictions to deliver commercially focused and pragmatic advice that enables clients to achieve their business objectives.”

Overview

Professional experience

Education and qualifications

Overview

James represents companies, financial stakeholders, advisory firms and insolvency practitioners on transactions across the full spectrum of restructuring and insolvency (R&I) in multiple jurisdictions and sectors, including distressed M&A, debt-for-equity swaps, liability management exercises, bond restructuring, alternative credit and other new money financings and distressed debt investments. 

 

James regularly advises distressed credit funds and other alternative capital providers on secondary debt and new money investments. He works in close collaboration with the Firm’s corporate, capital markets, banking and other practices across jurisdictions to undertake capital structure analysis and to develop innovative investment structures and strategies.

 

James undertook a year-long secondment in 2013 to the global restructuring group at the Royal Bank of Scotland, during which he worked in the high-flow business team with large international banking clients to address distressed situations, particularly in the financial institution and shipping sectors.

Work highlights

James has led, or been a key adviser, on a large number of major R&I and special situation deals. These include advising:

  • the lender on the c.US$80 million financing of an acquisition of Thai NPL portfolios by an international credit fund

  • a Japanese trading company on the restructuring of a large exposure to one of the Bakrie Group companies in Indonesia

  • the lenders on the restructuring of US$765m offshore syndicated and bilateral facilities to a subsidiary of Jindal Steel & Power, an Indian listed steel and energy company

  • a Chinese corporate on a debt-for-equity restructuring to protect its initial US$1.5bn investment in an ore mine in Sierra Leone

  • CGG group on its multi-billion dollar restructuring through a market first safeguard process in France and Chapter 11 and 15 proceedings in the U.S.

  • Abengoa in connection with the proposed restructuring of its multi-billion euro financial liabilities through Spanish homologación and Chapter 11 processes

  • the co-ordinating committee of senior lenders on the restructuring of Van Gansewinkel Groep's €800m syndicated debt facilities

  • Towergate Insurance Group on the £1bn financial and corporate restructuring of the group

  • secured vessel lenders in connection with the US$ 3.1bn financial and corporate restructuring of Zim Integrated Shipping Services, the largest restructuring in Israeli history

  • Banco Espirito Santo and subsequently Novo Banco in connection with the implementation of a bridge bank transfer resolution by Bank of Portugal

  • Abu Dhabi Group on the US$1.8bn restructuring of Warid Telecom, Pakistan

  • Vodafone in connection with the pre-packaged acquisition of divisions of the Phones4U business out of administration

  • international lenders on the £1.4bn restructuring of Petroplus and subsequent insolvencies in multiple European jurisdictions

     

Professional experience

James is a member of R3, IWIRC in Hong Kong and the Turnaround Management Association.

 

Education and qualifications

James studied history and politics at York University.