Our team — one of the world’s largest restructuring and special situations practices — advises the full array of stakeholders involved with financially distressed businesses, including debtors and issuers of both public and private securities, all types of creditors, equity holders, new investors, boards of directors, and senior management teams.
Combining practical commercial insight and a nuanced understanding of today’s most innovative financial structures, we drive consensus and lay out a clear and confident vision for the best path forward.
A significant part of our work focuses on developing creative and value-maximizing strategies in complex, and often contentious, restructuring and insolvency matters with multi-layered capital structures — including some of the largest restructurings in the past decade. Our greatest strength is cross-collaboration with other market-leading practices in all of the major financial centers across the world, including the firm’s tax, M&A, private equity, capital markets, employment and benefits, and debt finance groups. We also collaborate closely with leading practitioners across Latham’s industry teams to deliver innovative and bespoke solutions for our clients.
Our breadth of experience spans financial and operational restructurings, often with a cross-jurisdictional dynamic. We are equally adept at pursuing solutions in and out of court, including creditor compromise procedures, security enforcements, debt rescheduling, liability management transactions, exchange and tender offers, refinancings, new money and distressed financings, debt to-equity swap transactions, equity capital raises, and strategic and distressed M&A transactions. And because corporate governance is a key consideration in any stressed or distressed situation, we work closely with companies and their boards to identify and manage risk effectively, minimize fiduciary liability, and navigate stakeholder negotiations.
Regardless of the challenge at hand, our team responds with strategic and comprehensive counsel — allowing clients to surmount the varied legal, financial, operational, and corporate governance obstacles that may arise in troubled situations, and achieve their business or investment goals.
Firm recognized for its outstanding achievements in the Asia-Pacific region.
Restructuring & Special Situations Practice advised on 11 matters selected among the most notable of the past year by Turnarounds & Workouts.
Latham litigators honored for successful outcomes in New York’s Appellate Division, First Department for Searchlight Capital Partners as well as at the US Internal Trade Commission on behalf of Serendia LLC.
The addition of four highly accomplished partners, who have advised clients at the center of the most complex and consequential restructuring matters in the United States, will further strengthen and expand Latham’s market-leading restructuring practice.
Formidable practitioner Ray Schrock will serve as the firm’s new Global Chair of the Restructuring & Special Situations Practice; Andrew Parlen will serve as Head of US Restructuring; Candace Arthur and Alexander Welch bring leadership from some of the United States’ most significant and complex restructurings.