Patrick
Schumann

Advised Refineria de Cartagena (Reficar), owned by Colombia’s energy producer Ecopetrol, on its successful challenge to McDermott International’s landmark restructuring plan.

Acted creditor side on the precedent-setting DeepOcean Group Part 26A restructuring plan (the first restructuring plan to utilize the cram-down mechanism under English law).

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 Ingka Investments (Ikea’s investment arm) on the market-leading acquisition of Topshop’s flagship store out of the Arcadia administration.

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.

Acted for Deutsche Bank as agent in connection with the refinancing of car park operator Apcoa Parking’s $650 million bank debt.