Restructuring & Special Situations

Our team — one of the world’s largest restructuring and special situations practices — advises the full array of stakeholders involved with financially distressed businesses, including debtors and issuers of both public and private securities, all types of creditors, equity holders, new investors, boards of directors, and senior management teams.

Why Latham

Combining practical commercial insight and a nuanced understanding of today’s most innovative financial structures, we drive consensus and lay out a clear and confident vision for the best path forward. 

A significant part of our work focuses on developing creative and value-maximizing strategies in complex, and often contentious, restructuring and insolvency matters with multi-layered capital structures — including some of the largest restructurings in the past decade. Our greatest strength is cross-collaboration with other market-leading practices in all of the major financial centers across the world, including the firm’s tax, M&A, private equity, capital markets, employment and benefits, and debt finance groups. We also collaborate closely with leading practitioners across Latham’s industry teams to deliver innovative and bespoke solutions for our clients. 

Our breadth of experience spans financial and operational restructurings, often with a cross-jurisdictional dynamic. We are equally adept at pursuing solutions in and out of court, including creditor compromise procedures, security enforcements, debt rescheduling, liability management transactions, exchange and tender offers, refinancings, new money and distressed financings, debt to-equity swap transactions, equity capital raises, and strategic and distressed M&A transactions. And because corporate governance is a key consideration in any stressed or distressed situation, we work closely with companies and their boards to identify and manage risk effectively, minimize fiduciary liability, and navigate stakeholder negotiations. 

Regardless of the challenge at hand, our team responds with strategic and comprehensive counsel — allowing clients to surmount the varied legal, financial, operational, and corporate governance obstacles that may arise in troubled situations, and achieve their business or investment goals.

Awards & Rankings

  • Latham Recognized for Advising on International Company Turnaround/Transaction of the Year - September 13, 2021
  • Restructuring Partner Named Rising Star - June 27, 2021
  • 10 Latham Lawyers Named 2021 Rising Stars - May 31, 2021
  • Partner George Klidonas Named to Outstanding Young Restructuring Lawyers List - April 20, 2021
  • Two London Partners Recognized in Law.com Rising Stars: The UK's Best Up and Coming Female Lawyers - March 07, 2021

Latham is recognized for its “prominent restructuring teams” that “act on behalf of creditors and distressed companies” with “seamless cooperation on cross-border mandates” and “broad global coverage.”

Chambers USA 2021

Media Coverage

Rising Star: Latham & Watkins' Ted DillmanRestructuring Partner Recognized by the American Bankruptcy InstituteBest Restructuring – Overall: Latham & Watkins

News

Latham Recognized for Advising on International Company Turnaround/Transaction of the Year Latham & Watkins Advises Nine Point Energy in its Sale of its Williston Basin Assets to Bowline EnergyLatham & Watkins Advises Fortress Investment Group on Sale and Refinancing of Bordeaux FC

Thought Leadership

Restructuring and Insolvency in Hong KongThe Future of CVAs for Restructuring Lease LiabilitiesFrance’s Restructuring and Insolvency Law Reforms: Latest News

Webcasts & Podcasts

Michael Haas on the Debtwired! PodcastPodcast – Insolvency Reform: Spotting and Mitigating Future Risk in Supply RelationshipsPodcast – Restructuring in Asia: How Will Chinese Bond Defaults Resolve?