Restructuring and insolvency

Advised TEAK Capital, a distressed investment platform operating in the LATAM region on its first strategic acquisitions in France.

TEAK Capital has taken over a specialty conveyor chain manufacturer in Saint Chamond and a high precision aluminum foundry and parts manufacturer in Dieuze out of the receivership proceedings of French company Chaines Et Roues Dentees Rafer.

Debtor/company side

Advising listed and unlisted companies in the context of amicable restructuring proceedings leading to the conclusion of court-approved agreements.

Advising companies in financial distress in negotiating (both out-of-court and in the context of court-supervised proceedings) and implementing restructuring solutions with their various stakeholders (shareholders, lenders, business partners, etc.).

Shareholders

Advising domestic and international groups in the context of the cessation of their activities in Europe and the court-supervised proceedings of their French subsidiaries.

Advising domestic and international shareholders in the context of the reorganization or court-supervised restructuring of their distressed subsidiaries.

Creditors

Advising and assisting creditors of companies in financial distressed in the context of negotiations held in the framework of confidential amicable proceedings (ad hoc mandate, conciliation).

Advising and assisting creditors of companies in financial distress through the insolvency proceedings of their debtors (proofs of claims, retention of title claims, consultation on restructuring plans, etc.).

Distressed acquisitions

Advising parties interested in the acquisition of assets of distressed companies in the context of a sale of assets plan submitted in the framework of recovery or judicial liquidation proceedings.

Advising groups of companies in the review and analysis of sale scenarios of underperforming business lines.

Restructuring and insolvency litigation

Advising and acting for all stakeholders involved in restructuring and insolvency litigation, both during and after the restructuring. Prosecuting and defending all types of actions arising out of insolvency proceedings (e.g. challenges to decisions adopted by insolvency courts) as well as liability actions brought against managers, shareholders or co-contracting parties by court-appointed administrators, employees or other stakeholders.

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Dispute resolution

Restructuring and insolvency litigation

Advising and acting for all stakeholders involved in restructuring and insolvency litigation, both during and after the restructuring. Prosecuting and defending all types of actions arising out of insolvency proceedings (e.g. challenges to decisions adopted by insolvency courts) as well as liability actions brought against managers, shareholders or co-contracting parties by court-appointed administrators, employees or other stakeholders.

Management liability

Advising and acting for chief restructuring officers handling the management of distressed companies in the prevention and treatment of their liability risks.

Advising and acting for former managers of distressed companies in the context of liability action brought against them by court-appointed insolvency bodies, shareholders or employees.

Shareholder disputes

Advising and acting for shareholders of companies in the framework of disputes arising out of private equity or distressed M&A transactions.

Advising and acting for shareholders seeking or opposing the appointment of a court-appointed provisional administrator due to a governance crisis.

Advising and acting for shareholders seeking the appointment of an expert to investigate potential mismanagement acts.

Disputes relating to commercial contracts

Advising and acting for business partners of companies in distress in the framework of insolvency law actions aimed at terminating prematurely their contractual relationships.

Advising and acting for creditors of companies in distress in the framework of breach of contract and related liability actions.

Enforcement and asset recovery actions

Advising and acting for all stakeholders in their prosecution or defence strategy in the context of enforcement and asset recovery actions, including through the use of insolvency law tools.

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Aviation

Asian airline group

Advising a major Asian airline group in the context of the French insolvency proceedings of “lease in lease out” companies from which the group’s airlines lease part of its aircraft fleet.

African airline

Advising a major African airline in the setting-up of an international debt collection strategy towards multiple stakeholders in Europe.

European aeronautical subcontractor

Representing the minority shareholder of an Aeronautical subcontractor in various disputes following a governance crisis and appointment of an interim administrator in a restructuring context.

European airline group

Advising a major group of European airlines in its project to acquire in a pre-insolvency and then in an insolvency process some of the assets of a distressed French airline.

Spare parts logistics specialist for the aviation industry

Advising the manager of an international group specializing in spare parts logistics for the aviation industry in multiple lawsuits following the opening of liquidation proceedings against the group’s holding before the French Courts.

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Construction and engineering

Metal processing group

Advising a commodities trader in the context of the receivership proceedings of its client specializing in metal processing and related litigation.

Global player in engineering and industrial solutions

Advising a group constituting one of the global players in engineering and industrial solutions in a post-acquisition dispute with the purchaser of a distressed subsidiary after the opening of insolvency proceedings against the company.

Construction engineering group

Advising the main shareholder of a major construction engineering company in the sale of its stake in the context of French safeguard proceedings.

Group specialized in the construction and renovation of offices

Advising the managers and financial advisors of a group specialized in the construction and renovation of offices in multiple disputes following the liquidation proceedings of the group’s main operating company.

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Consumer

Major player in the sports equipment industry

Advising a major player in the sports equipment industry in the context of litigation relating to the sale of one of its French subsidiaries which was subsequently placed in receivership.

International group in the retail sector

Advising an international group in the retail sector in its defence against the instrumentalization of insolvency law tools by some of its franchisees trying to leave its network.

Major North American retail player

Advising a major North American retail player in the context of the cessation of its activities in Europe and the liquidation proceedings of its French subsidiary.

European fashion manufacturer and retailer 

Advising a European group specializing in the production and sale of fashion apparel in various liability actions brought against it and its managers following the opening of insolvency proceedings against several companies of the group in France, the UK and Italy.

Ready-to-wear clothing distribution company

Advising the ultimate shareholders of a ready-to-wear clothing distribution company in the context of the company’s safeguard proceedings and subsequent litigation.

Global luggage group

Advising a global luggage group in the restructuring of its €170 million indebtedness in the framework of amicable conciliation proceedings.

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Energy and natural resources

Multinational group specializing in nuclear power and renewable energy

Advising a group specialized in nuclear power and renewable energy in its corporate and financial restructuring involving assets disposal, the obtention of new money loans secured by French trusts and the conclusion of a settlement agreement aimed at terminating several disputes with a major client.

Group specialized in the recycling of lead and zinc

Advising the parent company of a group specialized in the recycling and lead of zinc in connection with multiple litigations brought against it following the liquidation proceedings of a French subsidiary.

Engineering company specialized in the oil and gas industry

Advising the purchaser of the business of a company specialized in the oil and gas industry in the context of a court-approved sale of assets plan implemented in the framework of rehabilitation proceedings.

Manufacturer of heating equipment

Advising the manufacturer of heating equipment and its shareholder in the context of pre-insolvency and insolvency proceedings aimed at restructuring its indebtedness through the implementation of a safeguard plan.

Smart energy management group

Advising the shareholder and main creditor of a group of companies specializing in smart energy management in the context of the legal, financial and corporate restructuring within the framework of court-supervised amicable proceedings.

Multinational mining and metallurgy group

Advising the parent company of a multinational mining and metallurgy company in the restructuring and sale of underperforming French subsidiaries.

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Technology

World’s leading service provider for IoT

Advising one of the main commercial partner of the world’s leading service provider for Internet of Things (IoT) in its project to take over the latter’s assets in the context of a court-approved sale of assets plan in rehabilitation proceedings and in related litigation.

Cloud computing group

Advising one of the main European cloud computing group in the prevention and then treatment of its operational and financial difficulties that led to a sale of the French assets in the framework of rehabilitation proceedings in France combined with a sale of the US assets in the course of a US Chapter 11.

MedTech group

Advising an alternative financing provider in the context of the French rehabilitation proceedings of a MedTech group and related litigation (share pledge enforcement, directors liability, etc.).

Leading E-commerce group

Advising a leading e-commerce group in connection with the financial and corporate restructuring of one of its French subsidiaries.