A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side. 
- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)
Cross-Border
For more than 25 years, Paul, Weiss has been deeply involved in in- and out-of-court restructuring matters requiring coordination across multiple jurisdictions. We regularly serve as U.S. counsel to debtors, stakeholder groups and officials appointed in non-U.S. proceedings (e.g., joint administrators, liquidators, etc.) in matters involving a diverse array of industries, guiding clients through difficult negotiations and contentious court proceedings to obtain desired outcomes in complex, cross-border restructurings.
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Concordia Healthcare's Restructuring
An ad hoc group of debtholders of Concordia Healthcare, an international specialty pharmaceutical company based in Canada, in the restructuring of the company and its affiliates.
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Boart Longyear’s Chapter 15 Cases
Secured and unsecured lenders of Boart Longyear, an Australian registered supplier of drilling services, drilling equipment and performance tooling, in its recapitalization transaction which reduced approximately $795 million of the company’s debt through two Australian court-approved schemes of arrangement and companion chapter 15 proceedings by the U.S. Bankruptcy Court for the Southern District of New York.
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NCSG Crane’s Cross-border Recapitalization
NCSG Crane & Heavy Haul Corp in the consensual recapitalization of its outstanding debt and equity, as implemented through a Canadian CBCA proceeding.
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Walter Energy’s Chapter 11 Cases
Walter Energy, a leading producer and exporter of metallurgical coal for the global steel industry, in its U.S.-Canadian cross-border restructuring, including all aspects of its chapter 11 case, resulting in the discharge of over $4 billion of secured and unsecured debt and the going concern sale of the company’s core mining operations to its senior lenders. This matter was recognized by The M&A Advisor as the “Distressed M&A Deal of the Year (Over $1B)” and “Section 363 Sale of the Year (Over $1B).”
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EnQuest’s Cross-border Restructuring
U.S. counsel to EnQuest, the largest U.K. independent oil producer in the U.K. North Sea, in connection with a restructuring of the company’s approximately $1.8 billion of debt obligations through proceedings in the United Kingdom and the United States. This matter was recognized by The American Lawyer as the “Global Finance Deal of the Year: Insolvency and Restructuring (U.K.).”
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Bellatrix Exploration’s Pre-arranged Restructuring
An ad hoc group of unsecured noteholders of Canadian oil and gas producer Bellatrix Exploration in pre-arranged restructuring transactions pursuant to a corporate plan of arrangement under the Canada Business Corporations Act.
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Onsite Rental Group’s Out-of-Court Recapitalization
An ad hoc group of senior secured lenders to Onsite Rental Group, an equipment rental business providing services to Australia’s largest mining, construction, industrial, oil & gas, infrastructure and government organizations, in connection with the company’s out-of-court recapitalization.
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CEVA Group’s Out-of-Court Restructuring
An ad hoc group of lenders in a cross-border restructuring of U.K.-based CEVA Group, one of the world’s largest non-asset based supply chain management companies. In a two part out-of-court exchange, CEVA eliminated approximately €1.3 billion of consolidated net debt, reduced its cash interest expense by over €130 million and received cumulative new capital commitments of over €230 million for investment in its business plan. Paul, Weiss was recognized by The Financial Times for our “Highly Commended” work on this matter.
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Tervita’s Chapter 15 Cases
An ad hoc group of lenders to Tervita, a leading oilfield services provider with more than $2 billion in funded debt, as U.S. counsel in connection with the company’s Canadian restructuring and U.S. chapter 15 proceedings.
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Grupo Iusacell’s Cross-Border Restructuring
Grupo Iusacell, a leading Mexican cellular and broadband provider, together with its operating subsidiary Grupo Iusacell Celular, in a successful restructuring of approximately $550 million in outstanding secured notes. Pursuant to the terms of a restructuring plan approved by a Mexican federal court, the outstanding notes were cancelled and the companies issued approximately $485 million in new secured notes to bondholders.
