Shearman & Sterling’s Financial Restructuring & Insolvency practice represents stakeholders across the full spectrum of restructuring matters.
Our global team has a wealth of experience advising on complex domestic and cross-border restructurings, including some of the most high-profile transactions of recent years. We combine a commercial approach with technical expertise and work in partnership with our clients to navigate the legal, political and business landscapes in which they operate. We work closely with other practice groups, leveraging expertise across products, sectors and industries to provide innovative and effective advice.
Our clients include all stakeholders across the capital structure, including companies, sponsors, lenders (including agents, syndicated bank groups, ad hoc lender groups and direct lenders), noteholders (whether individually or as part of ad hoc groups) and other creditors.
We have particularly extensive experience in restructuring high yield bonds, leveraged loans, derivatives and structured products, and we use that expertise to create and deliver practical solutions to the issues that our clients face in distressed scenarios, utilizing the latest in restructuring tools and techniques. In addition, we also have expertise in sovereign and sub-sovereign restructurings, financial institution restructurings and formal insolvency proceedings (including acting for insolvency officeholders).
Our aim is to achieve positive outcomes and preserve value for our clients.
Our team regularly authors updates on legal developments. View some of the Financial Restructuring & Insolvency team’s recent insights.
International M&A Awards 2019
Energy Deal of the Year 2019: Restructuring of Pacific Drilling
Turnaround Atlas Awards 2019
Cross Border Turnaround of the Year 2019 (Mid-Markets): Fallbrook Technologies
Special Situation M&A Deal of the Year 2019 (Large): Energy Future Holdings Restructuring and Sale of Oncor Electric Delivery Company to Sempra Energy
Private Equity Acquisition of the Year 2019 (Large): Brookfield Business Partners Acquires Westinghouse Electric Company
Energy Restructuring of the Year 2019 (Large): Pacific Drilling Chapter 11 Plan of Reorganization
10th Annual Turnaround Atlas Awards and Restructuring Forum 2018
Honoured for “Corporate Turnaround”: Frigoglass restructuring
The Deal’s Q1 2018 Rankings
In The Deal’s first quarter rankings for 2018, Shearman & Sterling’s Financial Restructuring & Insolvency practice is ranked highly in the Out-Of-Court Restructuring - Counsel to Creditor category.
FT European Innovative Lawyer Awards 2018
“Commended” in the category “Managing Complexity & Scale: Frigoglass restructuring
Legal Business Awards 2018
“Highly Commended” for Restructuring Team of the Year
The M&A Advisor Turnaround Awards 2018
Restructuring Deal of the Year 2018: Chapter 11 Reorganization of Nuverra Environmental Solutions, Inc.
Recognized Top Tier Firm in 2018 by IFLR 1000
IFLR1000 recognizes Shearman & Sterling as a top tier firm and Joel Moss is named a rising star; “Joel is a rising star within the firm, advising us on bankruptcy, restructuring and resolution matters. His work is top notch, he is incredibly responsive and his mastery of bankruptcy law is second to none.
Recommended Restructuring and Insolvency Firm in 2017 by IFLR 1000
IFLR1000 recommends Shearman & Sterling for its Financial & Corporate practice area
The M&A Advisor Turnaround Awards 2017
Restructuring Deal of the Year 2017: Chapter 11 Reorganization of Nuverra Environmental Solutions, Inc.