Liz Osborne

Partner

Areas of Focus

Liz Osborne

Partner

liz.osborne@akingump.com

Areas of Focus

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Biography
  • Practice focuses on financial restructuring.
  • Concentrates on U.K. and cross-border matters.
  • Recognized for restructuring and insolvency by Chambers UK, The Legal 500 UK and IFLR 1000.

Liz Osborne is a London based partner in Akin’s restructuring team. Liz’s practice focuses on advising secondary and par investors and companies on stressed and distressed investments including special situations financings and complex restructurings. She routinely works on some of the most high value, cross-border restructurings in the market.

Liz is recognised as a market-leading lawyer in all of the major legal directories ranked as a leading individual in Chambers UK where she is praised by her clients for being “incredibly capable” and “an efficient and effective practitioner” with one client noting “she cuts through matters and has a fierce loyalty and protection to her clients; for her, no problem is insurmountable.” Liz is also recognized as a leading individual in The Legal 500 UK where she has been further described as “a world-class practitioner who is highly driven and displays excellent commercial judgement”. She has further been described as “incredibly diligent” and “brilliant to work with and someone you want on your side.”

Representative Work
  • Fortenova: Counsel to Fortenova Group, a food producer and retailer in Croatia and the surrounding region, on issues arising from the existence of sanctioned Russian debt and equity holders in its capital structure.
  • GenesisCare: Counsel to an ad hoc group of unaffiliated lenders on a potential restructuring or recapitalisation of GenesisCare, a global healthcare provider specialising in cancer treatment.
  • Ozon: Counsel to the ad hoc group of convertible noteholders of the $750-million restructuring of Ozon Holdings PLC, Russia’s largest ecommerce platform.
  • A ship building and metal processing company: Advised a global alternative investment manager in connection with a complex special situations loan into a ship building and metal processing company.
  • Havila: Advised HPS Investment Partners in the refinancing of Havila Kystruten, a Norwegian shipping company.
  • Sungard: Counsel to Sungard Availability Services LP and its affiliated North American entities on the English law aspects of a potential restructuring transaction.
  • Avanti: Counsel to the secured bondholders of Avanti, a U.K.-listed satellite operator, in connection with its restructuring consummated via a pre-packaged administration sale.
  • Prosafe: Counsel to an ad hoc committee of lenders on the restructuring of a $1.3-million senior secured facility borrowed by Prosafe, the largest and most versatile fleet of semi-submersible accommodation vessels in operation worldwide.
  • Hurricane Energy: Counsel to the ad hoc committee of bondholders on the restructuring of $230 million in convertible bonds issued by Hurricane Energy, a U.K.-based oil exploration and production company focused on naturally fractured basement reservoirs.
  • Travelex: Counsel to the ad hoc committee of bondholder committee of Travelex, a foreign exchange company, in connection with the successful restructuring of the Travelex business through multiple pre-pack administration sales and injection of new money.
  • Fairhold Securitisation Limited: Advised Fairhold Securitisation Limited in connection with the £1-billion restructuring of its distressed securitisation structure.

"Liz Osborne is very good - she's pragmatic and gets stuff done."
Chambers UK, 2023

Education
  • L.P.C., Nottingham Law School, England, 2001

  • B.Sc., University of Exeter, England, 1999

Bar Admissions
  • Solicitor, England and Wales

Recognitions
  • Euromoney, Expert Guide: World's Leading Women in Business Law 2022, Restructuring and Insolvency.
  • IFLR1000 Women Leaders 2022, UK.
  • Diversity Journal, Women Worth Watching in Leadership, 2021.
  • Chambers UK, Restructuring/Insolvency, 2020-2024.
  • The Legal 500 UK, Leading Individual: Corporate Restructuring and Insolvency.
  • IFLR 1000 UK, Notable Practitioner, Restructuring and Insolvency, 2019-2021.
  • Euromoney's Expert Guide: Women in Business Law, “Leading Practitioner: Restructuring and Insolvency”, UK, 2020 and 2021.
  • ‘Best in Insolvency & Restructuring’ at Euromoney’s European Women in Business Law Awards 2019.
Affiliations and Public Service
  • Member, 100 Women in Finance.
  • Member, Insolvency Lawyers’ Association.
  • Member, International Women’s Insolvency & Restructuring Confederation.
  • Member, Association of Business Recovery Professionals.
Speeches and Publications
  • “The Restructuring Plan – Update on Themes and Market Trends,” ELFA and Akin Gump Webinar, November 2021.
  • “Creditors’ Fees and English Law Schemes of Arrangement,” Podcast, London, April 2021.
  • “An Update on UK Schemes of Arrangement and the new Restructuring Plan,” ELFA and Akin Gump Webinar, March 2021.
  • “Financing Trends and Regulatory Changes,” ELFA and Akin Gump Webinar, November 2020.
  • “Exploring European Bonds, Loans and Covenants,” Podcast, May 2020.
  • “COVID-19 – Financial Restructuring Update and Key Issues for Investors,” ELFA and Akin Gump Webinar, May 2020.
  • “UK Financial Restructuring During COVID-19,” Podcast, May 2020.
  • “Restructuring 101: Key Considerations for a Successful Restructuring,” Bonds, Loans & Sukuk Conference, Turkey, November 2019.
  • “Increasing Leverage: Covenant-lite Situations and Loopholes in Documentation,” GRR Live – IWIRC London Women in Restructuring Conference, London, November 2019.
  • “Cross-Border Restructuring Issues – Recent cases in the UK and Europe” INSOL Europe/IWIRC London Network Breakfast Seminar, London, September 2019.

Insights and Achievements

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