Morvyn Radlow

Representative Transactions

Hertz
Representation of Hertz Global Holdings, Inc. and certain affiliates in their chapter 11 cases and restructuring negotiations in Europe, Australia and Asia-Pacific. Hertz completed its successful chapter 11 restructuring and its plan of reorganisation became effective on June 30, 2021.This representation is one of the highest profile restructurings arising from the COVID-19 pandemic and one of the most successful chapter 11 and international reorganisations in recent history.

Swissport
Representation of Swissport, the world's leading provider of airport ground services and air cargo handling, on its comprehensive restructuring and recapitalisation. The restructuring provided Swissport with a delevered and strengthened balance sheet by addressing approximately €1.9 billion of existing debt, and left the business with improved liquidity with which to withstand the ongoing challenges posed by the coronavirus pandemic.

Seven Energy
Representation of an ad-hoc group of noteholders under a series of US$300 million senior secured bonds in relation to the restructuring of the Seven Energy group.

Noble Group
Representation of the management team of Noble in the international restructuring of the Noble Group, a major independent energy products and industrial raw materials supply chain manager. 

Concordia
Representation of the ad hoc group of senior creditors in the US$3.7 billion recapitalisation of Concordia, a publicly listed international generics pharmaceuticals business.

Seadrill
Representation of the coordinating committee of senior secured lenders in the international restructuring of Seadrill, one of the world's largest offshore drilling companies. 

Novo Banco
Representation of certain investors in Novo Banco, the Portuguese bridge bank established as part of the resolution of the Portuguese bank Banco Espirito Santo (BES), on matters arising from the resolution of BES.

A Nigerian energy company
Representation of the lenders in connection with the restructuring of a reserve based lending facility to a Nigerian energy company.

Kaupthing
Representation of Kaupthing, the failed Icelandic bank, on its restructuring, following its US$45 billion insolvency. Kaupthing's insolvency was the biggest and most high profile casualty of the Icelandic banking crisis and, globally, was the fifth largest corporate bankruptcy of all time. 

Afren plc
Representation of Afren plc, a UK listed company with oil & gas assets in Africa on its proposed capital and financial restructuring.