Financial News honored Weil’s Business Finance & Restructuring practice with its Restructuring/Bankruptcy Team of the Year award at the 2016 Legal Awards. The practice was lauded for its work on several restructurings in 2015 and was commended as “a heavyweight in the bankruptcy arena.”
Among the matters that garnered recognition was the Firm’s representation of long-term client Barclays in its restructuring of £1.5 billion of debt issued to UK healthcare firm General Healthcare Group. The Weil team that advised Barclays was led by Adam Plainer.
Weil was also praised for its counsel to a group of bondholders, led by asset manager Franklin Templeton, on the groundbreaking restructuring of $18 billion in Ukrainian sovereign debt. The Weil team that advised the bondholder group was led by partners Andrew Wilkinson and Alexander Wood.
Andrew Wilkinson and Paul Bromfield advised the largest senior lender to steel trader Stemcor – one of Britain’s largest private companies – in its $2 billion debt restructuring, and Advent International, the indirect majority shareholder of Towergate Finance, in the restructuring of its £520 million high-yield debt, led by Andrew Wilkinson and Alexander Wood.
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