Financial Restructuring and Insolvency

A recognized leader in financial restructuring and insolvency, White & Case guides clients through restructurings, workouts and insolvency matters worldwide.

We offer our clients a substantial and inter-connected team with "on the ground" resources in all key jurisdictions. We regularly represent multinational corporations in simultaneous proceedings in virtually every corner of the world. We have deep benches of US, European and UK practitioners, as well as strong support in Latin America, Africa and Asia-Pacific.

Our practice represents clients across all aspects of restructurings, workouts and insolvency matters, including both transactional and litigation matters. Our offering covers the full spectrum of the distressed continuum, advising clients on all aspects of corporate and financial restructurings through to Chapter 11 proceedings. When working on clients' complex restructuring and bankruptcy deals, we are able to draw on the expertise of lawyers from our other global practices, including M&A, Litigation, Bank Finance, Tax and Regulatory, and other practices.

We provide strategic advice on restructuring distressed businesses to maximize their value, as well as practical solutions that resolve disputes related to business failures to enable companies to continue operating and achieve the highest possible returns on their investments. When litigation becomes necessary, our lawyers put into motion strategies and remedies to obtain the greatest recoveries on claims.

Broad practice and industry expertise

Lawyers from our M&A, Litigation, Debt Finance, Tax, Regulatory, and other practices are available to support your restructuring and insolvency matters.

In addition, our many decades of restructuring and bankruptcy experience spans a wide range of sectors, including:

• Automotive
• Aviation
• Cryptocurrency & Blockchain
• Entertainment
• Financial services
• Maritime & shipping
• Mining & metals
• Oil & gas
• Pharmaceuticals & healthcare
• Power
• Publishing
• Real estate
• Retail & consumer
• Sports
• Sovereigns
• Technology
• Telecommunications

Unmatched problem-solving and strategic thinking

A long track record of advising – and working across from – debtors, creditors and distressed investors across all aspects of the capital structure in various situations means we have a deep understanding of how different stakeholders operate.

Armed with this knowledge, our teams of senior lawyers negotiate, implement and deliver innovative solutions to obtain the best outcomes for our clients, representing them with passion and tenacity. We have built a reputation for being aggressive and creative on behalf of our diverse clients across the board, not waiting for others to act, but forcing others to react to what we are doing for our clients.

View all lawyers in Financial Restructuring and Insolvency

AWARDS & RECOGNITION

Distressed M&A Deal of the Year ($100MM TO $250MM): White & Case represented Credito Real S.A.B. de C.V. SOFOM ENR in the section 363 sale of its majority stake in Credito Real USA Finance LLC, a financial service company that provides auto loans in the United States.
M&A Advisor-18th Annual Turnaround Awards 2024

Energy Deal of the Year: White & Case represented Kinder Morgan in the Chapter 11 restructuring and section 363 sale of Ruby Pipeline L.P., a joint venture between Kinder Morgan and Pembina Pipeline Corp.
M&A Advisor-18th Annual Turnaround Awards 2024

Debt and Equity-linked Deal of the Year: Metro Bank
IFLR Europe Awards 2024

Bankruptcy Practice Group of the Year
Law360 Practice Group Awards 2023

International Company Turnaround/Transaction: Altán Redes, S.A.P.I. de C.V.
Turnaround Management Association Transaction of the Year Awards 2023

Ranked in the top 10 globally for cross-border restructurings and insolvencies
Global Restructuring Review (GRR) 2023

Restructuring Deal of the Year: LATAM Airlines
IFLR Americas Awards 2023

Restructuring Deal of the Year in relation to hsh portfoliomanagement AöR and HSH Nordbank AG
Marine Money Awards 2023

Restructuring of the Year in relation to the Seadrill restructuring
The M&A Advisor 17th Annual Turnaround Awards 2023

Corporate Restructuring Deal of the Year ($5-$10 billion) in relation to the Cell C recapitalization
Bonds, Loans & ESG Capital Markets Africa Awards 2023

Cross-border Deal of the Year in relation to the Cell C restructuring and recapitalization
China Business Law Journal 2022

Restructuring of the Year in relation to the Hertz restructuring
The Deal 2022

Mega Company Turnaround/Transaction of the year in relation to the Hertz restructuring
Turnaround Management Association (TMA) Awards 2022

Restructuring Deal of the Year in relation to the Hertz restructuring
IFLR Americas Awards 2022

REGIONAL RANKINGS

Restructuring/Insolvency, Global: Multi-Jurisdictional, Band 2
Bankruptcy/Restructuring: The Elite, USA-Nationwide, Band 2
Bankruptcy/Restructuring: The Elite, New York, Band 2
Restructuring/Insolvency: London Firms, UK, Band 2
Restructuring/Insolvency, Europe-wide, Band 2
Restructuring/Insolvency, France, Band 1
Restructuring/Insolvency: Administration, Germany, Band 1
Restructuring/Insolvency: Germany, Band 3
Restructuring/Insolvency, Czech Republic, Band 1
Bankruptcy/Restructuring, Florida: South, Band 1
Chambers and Partners 2024

Restructuring (including Bankruptcy): Corporate, USA, Tier 1
Insolvency & Restructuring, Belgium, Tier 2
Insolvency, France, Tier 1
Restructuring and Insolvency: Insolvency, Germany, Tier 1
Restructuring and Insolvency: Restructuring, Germany, Tier 2
Restructuring and Insolvency, Turkey, Tier 1
Corporate Restructuring and Insolvency, UK (London), Tier 2
Restructuring and Insolvency: Foreign Firms, Singapore, Tier 2
Restructuring and Insolvency, Hong Kong, Tier 3
The Legal 500 United States, EMEA, UK and Asia Pacific 2024

QUOTES

"The team is very strong and their bench is deep. They're hands down the best for complicated US restructurings or cross-border bankruptcies."
Chambers USA, Bankruptcy/Restructuring: South Florida 2023

"The team at White & Case has very broad experience of the English law and US law aspects of the restructuring process as well as other jurisdictions involved in the process."
"This is the firm which is first on my calling list when I have restructuring deals. They are particularly good at complex deals."
Chambers Global, Restructuring/Insolvency 2023

"The restructuring team is a powerful franchise of leading attorneys for all types of assignments and desired approaches."
Chambers USA, Bankruptcy/Restructuring: The Elite 2023

"The team is very strong and their bench is deep. They're hands down the best for complicated US restructurings or cross-border bankruptcies."
"White & Case LLP is the go-to team for unique, specialized situations. They are highly strategic, commercial and deal-oriented when it comes to negotiating the restructurings."
Chambers USA, Bankruptcy/Restructuring 2023

"The team has the unrivalled ability to make sense of a complicated jurisdiction with rational and commercial approach to legal complexities."
"With White & Case you very much feel like they are sitting by your side, that they match and add to your commercial awareness, and that they are as committed as you to achieving your goal."
Chambers Europe 2024, Restructuring/Insolvency

"With White & Case you very much feel like they are sitting by your side, that they match and add to your commercial awareness, and that they are as committed as you to achieving your goal."
"The team is very responsive and have a clear focus on high standards of delivery."
Chambers UK 2024, Restructuring/Insolvency

"Combining 'technical knowledge with commercial nuance', White & Case LLP provides 'top quality restructuring legal advice' for debtors and creditors on a myriad complicated cross-border situations, where it is also effectively able to leverage resources across its vast international network of offices. On the debtor front, clients not only benefit from the firm's core substantive restructuring law expertise but also the team's ability to provide a multi-disciplinary offering which draws upon other key practice areas including corporate, banking and litigation."
The Legal 500 UK 2024, Corporate Restructuring and Insolvency

"The 'technically sound' team at White & Case Pte. Ltd. handles a range of debt restructuring, scheme of arrangement and enforcement mandates, with additional expertise in PKPU proceedings in Indonesia."
The Legal 500 Asia Pacific 2024, Singapore - Restructuring and Insolvency: Foreign Firms

"The sizeable six-partner practice at White & Case advises creditors on the full spectrum of restructuring and insolvency matters, many of which involve cross-border intricacies. The team effectively leverages its American origins to offer advice on US insolvency matters to companies connected to China and other Asian countries, while also frequently tapping into its expertise in emerging markets, including Indonesia, India, the Philippines, and Thailand."
The Legal 500 Asia Pacific 2024, Hong Kong - Restructuring and Insolvency