Restructuring & Insolvency: Experience
- Kieran Wallace and Eamonn Richardson, the Special Liquidators of IBRC on all aspects of the liquidation (recognised in the US under Chapter 15 of the Bankruptcy Code).
- Damien Murran and Julian Moroney of Teneo Restructuring (Ireland) Limited as court appointed Joint Liquidators of GTLK Europe DAC and GTLK Europe Capital DAC, of the Russian Federation owned, GTLK group. This is the largest court liquidation in the State’s history, involving a group capital structure in excess of US$4bn. In October 2024, the Joint Liquidators also successfully applied to the US Bankruptcy Court in the District of Arizona for recognition of the Irish liquidations as foreign main proceedings under Chapter 15 of the Bankruptcy Code.
- Endo International plc and its subsidiaries on a scheme of arrangement before the Irish High Court, giving effect as a matter of Irish law, to Endo’s mass tort restructuring by way of a US Chapter 11 Plan. The scheme contained non-consensual third-party releases, including standard exculpation releases in favour of D&Os and certain other non-debtor parties.
- The (Irish) Court appointed Examiner of Mallinckrodt plc as part of the group’s Chapter 11 Plan of Reorganization.
- An Ad Hoc Committee of secured lenders in the context of the 2020 Irish Scheme of Arrangement of Nordic Aviation DAC (recognised in the US under Chapter 15 of the Bankruptcy Code) and again in the 2021 Chapter 11 of the NAC group.
- Ambac Assurance Limited as key architects of the Irish Scheme of Arrangement of Ballantyne Re plc on an Irish law scheme of arrangement to restructure US$1.6bn of New York law governed notes issued by Ballantyne Re (recognised in the US under Chapter 15 of the Bankruptcy Code).
- Voyager Aviation Management Ireland in relation to its liability management exercise involving the restructuring of c. US$415m of senior notes issued by Voyager Aviation Holdings, LLC, implemented through a US Exchange Offer and Consent Solicitation but with contingency planning for an Irish scheme of arrangement implementation option.
- Ad Hoc Steering Committee of the Senior Lenders to Celtic Roads Group (Waterford) DAC, including Bank of America Merrill Lynch and CVC Capital Partners in the scheme of arrangement of Celtic Roads.
- EY as the receivers of companies within the Spencer Dock Development.
- A significant number of creditors and lessors in the Irish Examinership of Norwegian Air Shuttle ASA (recognised in the US under Chapter 15 of the Bankruptcy Code).
- Waypoint Leasing Holdings Limited and its Irish subsidiaries in the sale of substantially all of the Waypoint group’s assets under section 363 of the US Bankruptcy Code.
- Aralez Pharmaceuticals plc and its Irish subsidiaries in the sale of substantially all of the Aralez group’s assets under section 363 of the US Bankruptcy Code.
- JPMorgan Chase Bank in its capacity as administrative agent for the senior lenders in the Chapter 11 of Weatherford Group.
- An Ad Hoc Committee of Second Lien Lenders in the Chapter 11 of Skillsoft Corporation.
- Trustees of the Garrett Motion Ireland Pension Scheme in relation to the Chapter 11 of Garrett Motion Inc.
- Ad Hoc Committee of Lenders in the Chapter 11 of GTT Communications.
- Unsecured Creditor Committee in the Chapter 11 proceeding involving Clovis Oncology Inc.
- Various lessor creditors in the CityJet Examinership.
- PwC as administrators of Elite Insurance Company Limited (a Gibraltar Company) in respect of a potential application seeking orders permitting payment out of the Irish Insurance Compensation Fund.
- EY as administrators of House of Fraser and LK Bennett on all Irish law issues arising in the administrations including the disposal of the Irish businesses.
- Rabobank on the wind-down of its Irish operations in ACC Loan Management Limited.