Akin Gump is widely recognised for its representation of creditors in financial restructurings, with a deep bench of lawyers across Europe, the US and Asia. The financial restructuring team has played leading roles acting for groups of bondholders, noteholders, mezzanine and other lenders in the largest and most complex international restructurings around the world, from the representation of bondholders in the Marconi restructuring in 2002 – 2003, to 2016’s successful restructuring of the three major Icelandic Banks that collapsed during the global financial crisis.
Transactions on which the firm has advised recently include the negotiation, agreement and implementation of a settlement agreement in relation to Balkans conglomerate Agrokor d.d. and its subsidiaries; the US$3.5 billion financial restructuring of Asia commodities and trading group Noble Group Limited; the US$21 billion restructuring of offshore drilling company Seadrill Limited; the financial restructuring of UK-based support services and construction company Interserve plc; and the successful restructuring of more than €1 billion of debt owed by German industrial group Galapagos Heat Exchangers.
The firm works with many of the world's leading financial institutions on their stressed and distressed investments, and in maximising the value of those investments. Akin Gump is particularly effective at harmonising divergent interests of creditor parties and building consensus. The firm’s financial restructuring team has extensive experience in a wide range of industries, including traditional and renewable energy, offshore oil and gas, shipping, financial services, construction, manufacturing, insurance, telecommunications and transportation.
Akin Gump is consistently top ranked for Restructuring and Insolvency in the leading independent legal directories Chambers UK, Legal 500 UK and IFLR1000, and is top-ranked by Chambers in both London and New York.
Akin Gump is a global law firm with 20 offices and more than 1000 lawyers advising across a wide range of practices and industries.