Devi Shah

Devi's experience includes advising:

• The trustees of two pension schemes in relation to the restructuring of the Debenhams group, including the company voluntary arrangement approved by its creditors, the entry into administration of Debenhams plc and the post-packaged administration sale of the group, as well as in the agreement brokered with the company and its lenders for the grant of security and related intercreditor issues, involving liaison with the Pension Protection Fund and The Pensions Regulator.
• LBO France, as sponsor in relation to the US$340 million multi-jurisdictional restructuring of the French retailer, IKKS Group.  
• HSBC Bank, N.A. and HSBC Bank plc in their respective capacities as trustee and offshore accounts bank in the extrajudicial reorganization proceedings in Brazil and Chapter 15 recognition proceedings in the US of Odebrecht Oil & Gas and its subsidiaries and affiliates, which resulted in the successful restructuring and mandatory exchange of more than $2.5 billion of secured notes.
• A leading Indian bank on the enforcement of various guarantees provided by Essar, in respect of lending for a power project in India including on its complex cross-border enforcement strategy and successfully achieving the dismissal of an application by the lender's guarantor to restrain the presentation by the firm's client of a winding-up petition based on the bank's statutory demand for in excess of $500m.
• Joint administrators from PwC, in relation to their appointment as administrators of UC Group Limited, the leading UK-based provider of omni-channel payment processing and business solutions in Europe and North America and the sale of the group to a consortium of investors, led by Cordet Capital Partners, including subsidiaries in the UK, Malta and Delaware.
• The trustees of the two pensions schemes operated by the Mothercare group, in relation to its company voluntary arrangement and the subsequent hive-out and transfer of the pension schemes to a group company by administrators. 
• Wilmington Trust (London) Limited as security agent in relation to the acquisition of the Ideal Standard group, a multinational bathroom furniture and accessories manufacturer, by funds Anchorage and CVC. The deal involved 23 jurisdictions and the use of a novel acquisition process under Luxembourg restructuring laws to effect the disposal where the group had been structured using a double Luxco structure.
• Wilmington Trust (London) Limited as security agent in relation to enforcement activity in connection with financing provided to a European satellite television, internet and mobile operator, Bulsatcom.
• Security trustees on the multi-million pound enforcement of security over a prime London real estate development and its subsequent sale, including court proceedings in Guernsey to bless the transaction.
• Various landlords in connection with numerous Company Voluntary Arrangements (CVAs) proposed by tenants in the UK retail and casual dining sectors.
• The supervisors the company voluntary arrangement of North Sea operator Alpha Petroleum Resources Limited on the amendment of its terms and in relation to the farm-out of one of the key development fields.
• US Bank Trustees Limited as security trustee in respect of the sale of the German tire retail and fast-fit chain Auto-Teile-Unger (ATU) group to Mobivia Groupe. The sale was preceded by a restructuring of ATU group’s US$300 million plus debt, with security granted across nine jurisdictions, and involved the appointment of partners at FTI Consulting as provisional liquidators in the Cayman Islands.
• Former administrators in relation to an ongoing £250m claim in the High Court alleging the sale at an undervalue of a landmark mixed use development site in the City of London.
• The liquidator of New Cap Reinsurance Corporation on a complex cross border application for enforcement of an Australian preference judgment including successfully representing the liquidator before the UK Supreme Court in the seminal case New Cap Re v Grant (in the conjoined appeal Rubin v Eurofinance SA).
• North Sea operator ATP Oil & Gas (UK) Limited on its successful $1.2 billion restructuring by way of a company voluntary arrangement, and its sale to Alpha Petroleum (UK) Holdings Limited, including on cross-border aspects such as approval of the sale before the US Bankruptcy Court in Houston and issues arising with regard to Eastern Mediterranean oil fields.
• The state-owned Vietnam Shipbuilding Industry Group on its $4bn restructuring, including promoting and implementing a ground-breaking scheme of arrangement.
• The joint provisional liquidators of ACAL, a corporate member of Lloyd's Syndicate (which had operated on Lloyd's Asia Platform in Singapore and was now in run-off) on the application to bring the provisional liquidation to an end and return it to its shareholder. 
• The Pension Protection Fund in relation to the restructuring of the Hoover Group and its entry into a regulated apportionment arrangement. 
• A private hospital in the Home Counties on its consensual financial restructuring.
• Berlin-Hannoversiche Hypothekenbank AG as senior lender in relation to the enforcement, restructuring and sale of Goldman Sachs‘ UK headquarters at Peterborough Court, including on parallel UK and BVI schemes of arrangement.
• Insolvency practitioners, professional advisors and corporate clients in respect of requests for documents under sections 234, 235 and 236 Insolvency Act 1986, including defending court applications brought by liquidators.
• The administrators of Comet Group in relation to their appointment, powers, retention of title and other contentious and commercial issues arising in the administrations.
• The liquidators of Robin Symes Limited (insolvency practitioners from BDO LLP) in respect of the complex liquidation of one of the world's largest antiquities dealerships, including in relation to court proceedings in Italy.
• In relation to the insolvency/restructuring of various RMBS vehicles, including Edeus and Victoria Mortgages, and of multiple structured investment vehicles, including Goldenkey and Sigma Finance.
• Major property market lenders on enforcement options in relation to cross-border property finance transactions, including on complex cross-border and tax-driven restructuring solutions.
• A number of major financial institutions in relation to the collapse of the Lehman group and Icelandic banks.
• Advised Bank of America in $6bn proceedings brought against it by the liquidators of BCCI.

College of Law, London, LPC

Pembroke College, Oxford University, BCL

University College London (University of London), LLB

Bar

• England and Wales

• R3
• Insol International
• Insolvency Lawyers Association
• IWIRC
• Mayer Brown's Fusion Network Steering Committee