Restructuring & Special Situations

Companies, creditors, and shareholders turn to Latham & Watkins for guidance and advice on the world’s largest and most complex restructurings and special situations.

Why Latham

Creative Problem Solving

Today’s increasingly complex restructuring and special situations transactions require the global coordination of substantive expertise from diverse practice areas. Latham has the breadth of practice that is required to represent any major participant in a restructuring or special situations transaction or proceedings and can draw upon its extensive legal expertise on global financial transactions — financing and capital markets, securities law, corporate, litigation, real estate, employment and pensions, environmental, regulatory, and tax law.

Latham’s fully coordinated Restructuring & Special Situations Practice has the geographic presence and resources to provide top-quality legal service anywhere in the world, including on matters with significant cross-border challenges. In addition, the firm’s extensive involvement across the globe with every form of current finance structure gives its lawyers the necessary experience to design and implement the most complex financial restructurings.

The global restructuring and special situations team represents borrowers, sponsors, institutional and distressed investors (individually and in groups) and other parties on workouts, restructurings, and bankruptcy cases from middle market businesses to the largest multinational enterprises.

In-depth Expertise

Latham offers clients a full range of services in the global restructuring and special situations areas, including:

  • Global domestic and multinational / cross-border liability management and restructurings both in- and out-of-court
  • Exchange and tender offers and consent solicitations
  • Pre-packaged and pre-arranged plans of reorganization
  • Chapter 11 and Chapter 15 proceedings
  • Special situations lending and strategies for distressed investors to obtain control of troubled companies
  • Rescue, debtor-in-possession, and exit financings
  • Distressed M&A including acquiring assets out of formal insolvency proceedings
  • Chapter 11 litigation, including defending against lender liability actions, fraudulent conveyance claims, and challenges

Awards & Rankings

  • Latham Corporate Partner Named Texas Trailblazer - October 05, 2020
  • Latham Wins Restructuring Team and Restructuring Deal of The Year at IFLR’s Sub-Saharan Africa Awards 2020 - September 10, 2020
  • Chicago Partners Named to Crain’s 2020 Notable Women in Law List - September 08, 2020
  • Eight Partners Named Among Bankruptcy Tax Specialists in the Nation’s Major Law Firms - June 30, 2020
  • Firm Wins 4 Practice Honors at China Law Awards - May 20, 2020

Recognized for its "strong bench of bankruptcy attorneys advising stakeholders in restructurings on both the creditor and company side," Latham is has "notable expertise in cross-border assignments spanning sectors such as retail and energy" and "a really strong team across a lot of different jurisdictions."

Chambers USA 2020

Events

TMA NextGen Leadership Experience: Tips from the TitansWebcast – An International Perspective: Trends in the Current Energy LandscapeWebcast – 363 Sales: Key Considerations for Distressed Oil and Gas Acquisitions

Media Coverage

Texas Trailblazer: Michael ChambersUK Supreme Court Confirms an Insolvent Company Can Commence Adjudication in Construction DisputesBankruptcy Group of the Year: Latham

News

Latham Advises on HEMA Group’s €600m Successful RestructuringLatham Advises Mallinckrodt on Comprehensive Chapter 11 RestructuringLatham Corporate Partner Named Texas Trailblazer

Thought Leadership

Germany Outlines Path to Reform in Restructuring and Insolvency LawRestructuring & Insolvency in Hong KongUK Government Temporarily Suspends Wrongful Trading Rules

Webcasts & Podcasts

Podcast – Insolvency Reform: Termination on Ipso Facto of Supply ContractsAn International Perspective: Trends in the Current Energy Landscape363 Sales: Key Considerations for Distressed Oil and Gas Acquisitions