Restructuring & Special Situations

Our team — one of the world’s largest restructuring and special situations practices — advises the full array of stakeholders involved with financially distressed businesses, including debtors and issuers of both public and private securities, all types of creditors, equity holders, new investors, boards of directors, and senior management teams.

Why Latham

Combining practical commercial insight and a nuanced understanding of today’s most innovative financial structures, we drive consensus and lay out a clear and confident vision for the best path forward. 

A significant part of our work focuses on developing creative and value-maximizing strategies in complex, and often contentious, restructuring and insolvency matters with multi-layered capital structures — including some of the largest restructurings in the past decade. Our greatest strength is cross-collaboration with other market-leading practices in all of the major financial centers across the world, including the firm’s tax, M&A, private equity, capital markets, employment and benefits, and debt finance groups. We also collaborate closely with leading practitioners across Latham’s industry teams to deliver innovative and bespoke solutions for our clients. 

Our breadth of experience spans financial and operational restructurings, often with a cross-jurisdictional dynamic. We are equally adept at pursuing solutions in and out of court, including creditor compromise procedures, security enforcements, debt rescheduling, liability management transactions, exchange and tender offers, refinancings, new money and distressed financings, debt to-equity swap transactions, equity capital raises, and strategic and distressed M&A transactions. And because corporate governance is a key consideration in any stressed or distressed situation, we work closely with companies and their boards to identify and manage risk effectively, minimize fiduciary liability, and navigate stakeholder negotiations. 

Regardless of the challenge at hand, our team responds with strategic and comprehensive counsel — allowing clients to surmount the varied legal, financial, operational, and corporate governance obstacles that may arise in troubled situations, and achieve their business or investment goals.

Awards & Rankings

  • Washington, D.C. Partner Named to Outstanding Young Restructuring Lawyers List - May 01, 2022
  • New York Partner Honored in Global Restructuring Review 40 Under 40 List - April 07, 2022
  • Latham Recognized for Bankruptcy and Restructuring Success - March 02, 2022
  • Chicago Partner Named to Turnarounds & Workouts’ 2021 Outstanding Restructuring Lawyers List - January 03, 2022
  • Latham & Watkins Named European Finance Team of the Year - December 01, 2021

Latham is recognized for its “prominent restructuring teams” that “act on behalf of creditors and distressed companies” with “seamless cooperation on cross-border mandates” and “broad global coverage.”

Chambers USA 2021

Media Coverage

How I Made Partner: 'Work Hard, Be a Team Player, and Lean Into Your Strengths,'Outstanding Young Restructuring Lawyers 2022 – Andy Sorkin New York Partner Honored in 40 Under 40 List

News

Latham & Watkins Publishes Latest Edition of Private Capital InsightsWashington, D.C. Partner Named to Outstanding Young Restructuring Lawyers ListLatham & Watkins Advises Searchlight Capital Partners in MediaMath Recapitalization Transaction

Thought Leadership

Schemes and Restructuring Plans: Where Are We Now?Restructuring With Regulators: Where Law and Policy CollideUK and European Restructuring Tools: Choosing the Optimal Forum for Creditor and Shareholder Cramdown

Webcasts & Podcasts

Michael Haas on the Debtwired! PodcastPodcast – Insolvency Reform: Spotting and Mitigating Future Risk in Supply RelationshipsPodcast – Restructuring in Asia: How Will Chinese Bond Defaults Resolve?