The Firm

Sidley Austin LLP is a premier law firm with a practice attuned to the ever-changing international landscape. The firm advises clients around the globe, with approximately 2,200 lawyers in 21 offices worldwide. Sidley’s Global Restructuring group consists of nearly 80 full-time restructuring lawyers, located principally in our New York, London, Hong Kong, Munich, Chicago, Dallas, Houston, and Los Angeles offices.

Companies and stakeholders place their trust in Sidley’s global Restructuring team when faced with their starkest challenges. The group is involved in many of the largest financial and operational reorganizations throughout the U.S., Europe, and Asia. Sidley represents corporations and sponsors facing in-court or out-of-court restructurings, individual and ad hoc groups of creditors, and third-party distressed asset acquirers.

Our extensive representations involve some of the largest Chapter 11 restructurings and are characterized by complex capital structures, numerous subsidiaries in the U.S. and globally, and a broad range of challenging legal issues.

Experience Representing All Stakeholders

• Companies
• Private Equity Sponsors
• Lenders
• Creditors
• Committees

Select recent global engagements include representing:

• Country Garden Holdings Company Limited, China’s largest property developer, on their offshore debt restructuring of approximately US $11 billion in dollar-denominated offshore bonds, as well as certain other debts. Country Garden has total liabilities of approximately US $200 billion, including onshore debts.

• China Evergrande Group, the second largest real estate developer in China and widely known as the most leveraged company in the world, on the highly complex potential restructuring of US$20 billion of offshore debt.

• Reverse Mortgage Investment Trust Inc. and certain of its subsidiaries (RMIT), one of the largest reverse mortgage lenders in the U.S., in their Chapter 11 filings in the U.S. Bankruptcy Court for the District of Delaware. RMIT was a leading fully integrated finance company with a servicing portfolio of approximately $25.6 billion and over $1.4 billion of funded indebtedness.

• Sunac China Holdings Limited, the third most indebted Chinese property developer to pursue a restructuring to date on the restructuring of its US$10.2 billion of offshore debt of by way of Hong Kong scheme of arrangement and parallel Chapter 15 recognition proceedings in the U.S. Bankruptcy Court for the Southern District of New York – the largest offshore restructuring transaction completed by a Chinese property group to date.

• Schur Flexibles Group, an international flexible plastic packaging manufacturer with operations in, inter alia, Germany, Austria, Italy, Greece, France, Ireland, the United Kingdom, and Slovakia, on its successful financial restructuring.

• Legacy Reserves, a publicly traded oil and gas exploration and production company, in the restructuring of its US$1.4 billion of funded debt in the U.S. Bankruptcy Court for the Southern District of Texas.

• AppHarvest, a high-tech indoor farming company with over US$300 million in funded debt and lease obligations, in their complex Chapter 11 cases in the Bankruptcy Court for the Southern District of Texas in Houston.

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Contact us

Website
‍http://www.sidley.com

Contacts

Global Practice Leader
Stephen E. Hessler

New York
Michael G. Burke
Tom R. Califano
William E. Curtin
Anthony R. Grossi
Alex R. Rovira

‍London
Jifree Cader
Mark Knight
Keiran Sharma

Munich
Dr. Patrick Schulz
Andreas Steiger
Kolja von Bismarck

Chicago
Matthew A. Clemente
Dennis M. Twomey

Dallas
Charles Persons

Hong Kong
Gordon Davidson

Houston
Duston K. McFaul

Los Angeles
Jennifer C. Hagle
Sam Newman
Genevieve Weiner

Munich
Andreas Steiger
Kolja von Bismarck

Offices

Beijing, Boston, Brussels, Century City, Chicago, Dallas, Geneva, Hong Kong, Houston, London, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai, Singapore, Sydney, Tokyo and Washington, D.C.