Clifford Chance LLP

Implementing a 'collaborative approach' to work in the space, across both practice areas and international offices, Clifford Chance LLP remains very well-positioned to advise creditors and debtors on complex domestic and cross-border restructurings and insolvencies across a broad swathe of industry sectors. This multi-disciplinary approach was recently underscored by John MacLennan's high-profile work, alongside the firm's market-leading asset finance practice, for a leading airline lessor on a cross-border restructuring. On the creditor front, although the team has continued to develop its funds offering, it remains particularly well-placed to advise banks (including where it papered the original loan documentation) on complex debt restructurings, with 'skilled negotiator' Iain White acting for revolving credit facility (RCF) lenders. Team head Philip Hertz is well-versed at handling both transactional work in the space, including distressed M&A, and more formal insolvency techniques, including schemes of arrangement. David Towers and Melissa Coakley's broad-ranging prowess includes core focuses on South African and Middle Eastern situations respectively.