Practice & Background

Lois Deasey is a member of the financial restructuring group. Ms. Deasey advises hedge funds, bondholders, bank and institutional lenders on UK and cross-border financial restructurings, workouts and insolvencies.

Ms. Deasey is a member of the Association of Business Recovery Professionals (R3) and the Insolvency Lawyers’ Association.

Representative Matters

Ms. Deasey’s recent engagements include advising:

  • secured bondholders of Avanti Communications, a UK listed satellite operator, in connection with the group's financial difficulties
  • in connection with the financial restructuring and administration of Iona Energy Company (UK) Plc
  • Strategic Value Partners and funds managed or advised by them in connection with a senior lender-led restructuring of the Cory Environmental Group by way of an English law scheme of arrangement
  • funds owned by Oaktree Capital Management in connection with the financial restructuring of TORM A/S, a listed Danish shipping company, by way of an English law scheme of arrangement, and Oaktree’s acquisition of a majority stake in the restructured Group
  • private placement noteholders in relation to the financial restructuring, and subsequent bankruptcy, of Royal Imtech N.V.
  • private placement noteholders on waivers and amendments in connection with covenant defaults by Serco Plc
  • senior secured bondholders of Invitel, a Hungarian telecoms operator, on a restructuring implemented through an English Law scheme of arrangement
  • the coordinating committee of senior lenders on the restructuring of the Terreal Group