James Hollingshead

James' representative experience includes advising:

• The senior secured lenders to the Lifeways Group, the UK’s largest supported living provider, in respect of its holistic balance sheet restructuring and recapitalization; this included the first successful restructuring plan by a regulated UK healthcare business and involved use of the English Court’s cross-class cramdown powers
• Hong Kong Airlines on its successful US$6.2 billion debt restructuring, including the first use of an English restructuring plan in parallel with a Hong Kong scheme of arrangement 
• The senior creditors committee in relation to the rescue financing and subsequent c. €2.9 billion debt and equity restructuring of Swissport, a global aviation services business headquartered in Switzerland
• Addison Lee, the world’s largest managed ground transportation service provider, on its recapitalization and sale of the UK business to consortium of investors, and sale of the US business
• Nyrstar, a Belgian-listed smelting and mining group, on its restructuring and recapitalization of its €2.6 billion indebtedness, implemented by way of a transfer of 98% of the equity in the operating group, an English scheme of arrangement, and a refinancing of its indebtedness*
• A sponsor in relation to a distressed sale of certain European assets to a consortium of investors*
• The special managers on behalf of the Official Receiver as liquidator of Carillion Plc and its subsidiary companies in relation to the compulsory liquidations and the sale of assets*
• House of Fraser on its leasehold, leveraged loan, and bond restructuring by way of company voluntary arrangements and schemes of arrangement and its subsequent entry into administration leading to a pre-packaged sale of the business*
• A creditor in relation to certain interests related to a Spanish real estate asset*
• Monarch Airlines on its recapitalization in 2016*
• BMI Healthcare, one of the largest private hospital groups in the UK, on its restructuring and recapitalization*
• Hanjin Shipping on its restructuring options and its negotiations with various stakeholders*
• Bondholders in relation to a European mining asset, including a distressed M&A process and litigation strategy*

* Matter handled prior to joining Latham

Thought Leadership

• "The Art of the Adhoc: Selection and Organisation of Members and the Process of Formation," Global Restructuring Review (November 2020)
• “An improper motive does not necessarily mean an improper appointment: a look at para 81 Sch B1,” Corporate Rescue and Insolvency (April 2017)