17 February 2009
17 February 2009 - Leading international law firm Mayer Brown has announced the promotion of Ian McDonald as the new head of restructuring, bankruptcy and insolvency (RBI) for the London office. The promotion takes immediate effect.
The firm has seen a marked rise in restructuring and insolvency instructions of increased complexity and international reach in the deteriorating economic conditions, and has appointed Ian as dedicated head of RBI to lead this practice in London in response to this new environment.
David Allen and Ian Coles previously acted as joint heads of RBI in London as part of their existing roles as head of litigation and one of the global finance practice leaders (respectively), roles which they retain.
Ian, who has been in the RBI team since 1991 and a partner since 1998, heads up a group of 8 partners and 17 associates. They are experts in all aspects of restructuring and insolvency work, both contentious and non-contentious, including refinancings, consensual and non-consensual workouts and the use of formal insolvency regimes (such as administrations, receiverships, liquidations, company voluntary arrangements and schemes of arrangement).The practice advises financial institutions, insolvency practitioners, corporate debtors and creditors, company directors, insurers and pension scheme trustees. Much of the team's work is cross-border and Mayer Brown's recent combination with leading Asian law firm JSM has further extended this capability.
Ian McDonald, Mayer Brown’s head of restructuring, bankruptcy and insolvency in London said
: “The breadth, scale and complexity of mandates has never been greater. With Mayer Brown's broad practice and geographical spread, I will in my role as head of RBI in London ensure that we continue to offer clients the best solutions to their most complex challenges.”
David Allen, Mayer Brown’s head of litigation in London and Ian Coles, global finance practice leader at Mayer Brown, said
: “We are delighted that Ian has accepted this opportunity and look forward to working with him to achieve the firm's global ambitions, including the continued the growth of the RBI practice in London.”
Mayer Brown’s RBI group’s recent notable engagements include:
- Advising counterparties on claims arising from insolvency of Lehman Brothers.
- Advising creditors of Woolworths plc and Whittards of Chelsea Limited.
- Advising counterparties and co-lenders following the collapse of the Icelandic banks
- Advising on $60 billion restructuring of GMAC LLC/Residential Capital LLC.
- Advising on various SIV restructurings including Golden Key, Sigma Finance, Cheyne Finance, K2, Rhinebridge.
For further information:
PR Manager, London
+44 20 3130 8547
+44 20 3130 3856