Patrick Schumann

• Advised Refineria de Cartagena (Reficar) as principal opposing creditor on its successful High Court challenge to the landmark $1.3bn restructuring plan by EPC contractor McDermott International.
• Advised bridging finance provider Century Capital Partners on its £120m workout negotiations with its banks and private capital lenders.
• Acted for Banco de Sabadell as lender in relation to the administration of resource management company Levenseat Renewable Energy Holdings.
• Acted creditor side on the precedent-setting DeepOcean Group Part 26A restructuring plan (the first restructuring plan to utilise the cram-down mechanism under English law).
• Advised Ingka Investments (Ikea’s investment arm) on the market-leading acquisition of Topshop’s flagship store out of the Arcadia administration.
• Acted for Turkish construction conglomerate Yuksel Insaat in restructuring its $200m high yield bond by way of a Part 26 scheme of arrangement.
• Represented a London hedge fund in its distressed acquisition of a Dutch electricity producer.
• Advised Goldman Sachs as principal shareholder and subsequently Ernst & Young as administrators in the trading administration of the Ceona group, a multinational subsea contractor.
• Advised the coordinating committee of senior lenders on the restructuring of German recycling group Scholz Recycling.
• Acted for Duff & Phelps as liquidators in the liquidation of Czech coal miner OKD a.s.
• Advised Chenavari Investment Managers on its enforcement options with respect to a South Asian shipping investment.
• Advised Freepoint Commodities as lender in connection with the receivables financing of the Prax Group, an oil refining and distribution conglomerate.
• Represented a London special situations fund on its enforcement strategy with respect to its investment in a telecommunications company.
• Represented Wilmington Trust as trustee of Hertz’s €225m and €500m senior notes in connection with the car rental company’s Chapter 11 restructuring.
• Advised the administrators Alvarez & Marsal in connection with the administration of UAE based crypto exchange DEX Holdings.
• Represented aircraft lessor Kirk Aviation in connection with Nordic Aviation Capital’s Chapter 11 restructuring.
• Acted for Deutsche Bank as agent in connection with the refinancing of car park operator Apcoa Parking’s $650 million bank debt.

Patrick Schumann focuses on complex, cross-border special situations, restructurings and insolvencies.

His clients include sponsors, asset managers, lenders, directors, officeholders, trade counterparties, purchasers of distressed assets as well as trustees and agents. Patrick has acted on broad range of high-profile matters in a variety of sectors and geographies.

He also has broad experience in finance transactions, including leveraged financings, asset-backed lending and structured products.