Liz Osborne represents clients in insolvencies, workouts and restructurings. She acts for hedge funds, bondholders, institutional lenders, secondary market investors, and creditor committees in relation to strategic and legal issues concerning their distressed debt and special-situation involvements.
Representative Work
Advising the ad hoc bondholder committee of Travelex in connection with restructuring negotiations.
Led the team acting as independent international legal counsel in connection with the negotiation, agreement and implementation of the settlement plan in relation to Agrokor d.d. and its subsidiaries, under the Law on the Procedure of Extraordinary Administration in Companies of Systemic Importance for the Republic of Croatia. This process was a first for Croatia and involved a company of significant importance to Croatia and the Balkans.
Represented the SSN holders in connection with a financial restructuring of Norske Skog AS, a Norwegian paper production group.
Acted for the ad hoc bondholder group in the restructuring of Seadrill, an NYSE and Oslo Børs-listed offshore drilling contractor with a US$18 billion capital structure.
Advising Fairhold Securitisation Limited in relation to a distressed securitization structure.
Represented a senior lender in the financial restructuring of Cory Environmental, which was consummated via a scheme of arrangement.
Acted for an ad hoc group of lenders in relation to the restructuring of debt of TP Ferro Concessionaria, S.A., a Spanish concessionaire for the high-speed railway line between Spain and France.
Advised a creditor group in connection with the restructuring of claims against Landsbanki, a major Icelandic bank.
Speeches
“Exploring European Bonds, Loans and Covenants,” Podcast, London, May 2020.
“COVID-19 – Financial Restructuring Update and Key Issues for Investors,” ELFA and Akin Gump Webinar, London, May 2020.
“UK Financial Restructuring During COVID-19,” Podcast, London, 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.
“Nordic High Yield Bonds from a UK and Nordic Perspective – With Focus on Restructuring,” Stiftelsen Ackordscentralens Dag, Stockholm, April 2, 2014.
“Pre-pack Administrations From Start to Finish,” LexisNexis Webinar, London, November 19, 2013.
Recognition
Chambers UK, Restructuring and Insolvency.
The Legal 500 UK, Corporate Restructuring and Insolvency.
IFLR 1000 UK, Notable Practitioner, Restructuring and Insolvency, 2019.
Euromoney's Expert Guide: Women in Business Law, “Leading Practitioner: Restructuring and Insolvency”, 2019.
‘Best in Insolvency & Restructuring’ at Euromoney’s European Women in Business Law Awards 2019.
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