John MacLennan specialises in cross-border and complex restructuring and insolvency. He advises funds, banks, investment managers, public/governmental bodies, companies, sponsors and insolvency officeholders.
John's experience covers a wide range of debt and other products as well as sectors and jurisdictions.
Restructuring & Insolvency
- The senior lenders to The Learning Network on its restructuring including its sale via Dutch pledge enforcement
- The lead creditor on the c.$800m restructuring of JBF RAK, a multinational plastics manufacturer via a UAE on-shore restructuring plan
- gategroup on its Part 26A Restructuring Plan using an innovative deed poll structure
- The secured senior lenders on the emergency financing to and subsequent sale of the Azzurri Restaurant Group (ASK/Zizzi) by way of pre-pack administration to TowerBrook
- The term lenders to Celsa UK on the provision of emergency funding including a loan from HM Government, the first under Project Birch
- AerCap on the restructuring of Virgin Atlantic Airways using the then new Part 26A Restructuring Plan
- The syndicated of lenders under Hertz's European ABS financing in connection with the Hertz US group chapter 11 filing and the restructuring of the Hertz International Group
- AerCap on the debt for equity restructuring of Norwegian Air Shuttle
- The senior lenders to Eddie Stobart on its combined debt restructuring and sale of a majority interest to DBay
- HSBC, ICBC and the joint administrators of House of Fraser on the restructuring of its bank and HY debt and its subsequent pre-pack sale and administration
View all news and client work featuring John MacLennan
- Case study: the out-of-court restructuring of a Latvian bank, Law In Transition, Spring 2000, John MacLennan with Adrian Cohen
- The all-American dream: developing effective resolution arrangements for investment banks in the UK (2009) 8 JBIFL 466, John MacLennan with Philip Hertz, Gabrielle Ruiz and Steven Gatti
- Ultimate turnaround: debt to equity swaps (2009) 3 CRI 91, John MacLennan with Adrian Cohen
- Wish you were here? English court becomes the restructuring destination for foreign companies (2011) 7 JIBFL 405, John MacLennan with Philip Hertz and Tim Bennett
- Winding up Chapter, Private Equity Exits, Global Law and Business 2011, John MacLennan with Philip Hertz and Gabrielle Ruiz
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