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Cross-Border Insolvencies

We have substantial cross-border bankruptcy experience, including Chapter 15 cases and parallel proceedings, advising clients in or out of court and navigating the complexity of multi-jurisdictional issues and regulatory schemes. Our European-based restructuring partners have deep and specialized experience in the UK and Germany. We counsel corporations, institutional investors, bondholders, distressed investors, financial institutions, corporations, court-appointed liquidators, and foreign representatives around the globe on managing related insolvency proceedings while preparing and implementing restructuring schemes involving numerous debtors and creditors.

Experience Highlights

  • ​​​​​​​Quad/Graphics, the world's second largest commercial printer, in cross-border restructuring, obtaining confirmation of a stand-alone plan of reorganization in the US and Canada.

  • IMPSAT Fiber Networks, the largest cable company in South America, in its successful cross-border restructuring, combining US Chapter 11 proceeding and country-specific consensual restructurings.

  • ​​​​​​​Large non-US banks with respect to derivatives contract claims, guarantee claims and related issues in Lehman Brothers bankruptcy proceedings.

  • Ad Hoc Committee of Noteholders on restructuring €275 million of a European manufacturer's indebtedness, which involved the intricate application of Luxembourg, English and New York law.

  • MAXX Corp. in its cross-border restructuring of a combined $535 million in secured and unsecured debt. MAAX sold its assets to Tricap Partners Ltd, a private equity fund managed by Brookfield Asset Management.

  • Liquidators of Univest Multi-Strategy Fund II Ltd. in complex litigation before the Supreme Court of the State of New York and related proceedings before the United States Bankruptcy Court for the Southern District of New York, concerning proceeds from a Cash Settled Equity Barrier Call Option.

  • ​​​​​​​Global Financial Institution in the Bear Stearns Cayman Islands hedge fund matters.

  • ​​​​​​​KeyBank National Association and the Senior Lenders to Asyst Technologies, a manufacturing concern, in cross-border bankruptcy proceedings filed jointly in Japan and California.

  • ​​​​​​​JHT Holdings Inc., the leading transporter of large commercial trucks in North America, in its cross-border restructuring of operations in the US, Canada and Mexico.

  • Wilmington Savings Fund Society, as indenture trustee for distressed bonds in a restructuring and potential litigation against Constellium NV, the corporate parent of Wise Metals, which culminated in Wise Metals' redemption of the bonds at par plus a premium payment.