Norton Rose Fulbright again recognised in ‘GRR 30’ list of premier restructuring and insolvency firms

Global law firm Norton Rose Fulbright has been recognised in Global Restructuring Review’s (GRR) recently-announced GRR 30 list of leading cross-border restructuring and insolvency law firms for the seventh consecutive year.

The GRR 30 is an annual list compiled of the top 30 standout firms in the GRR 100, the publication's yearly guide ranking restructuring and insolvency law firms worldwide. The GRR 30 is based on objective criteria drawn from questionnaires provided to GRR and considers the specific type of work that a firm carried out during the research period of 1 January 2022 to 31 December 2022. 

Some of the firm’s significant recent global restructuring and insolvency work includes:

• Advising on a first-of-its-kind parallel WHOA restructuring of international shipping company Vroon, the first-ever Dutch WHOA proceeding with a parallel English scheme of arrangement, led by a team from the firm’s London and Amsterdam offices, and involving its offices in the US, Europe and Asia.
• Advising the coordinating committee of secured lenders and agent in the pre-negotiated restructuring of UK-based offshore service vessel provider, Altera Infrastructure and its subsequent Chapter 11, led by a team in London, New York and Dallas.
• Advising on a number of airline restructurings, including the Chapter 11 of LATAM, Scandinavian Airline Systems and Virgin Australia.
• Advising FTI Consulting as court appointed monitor of Sears Canada, the Canadian subsidiary of the historic US department store, in its Companies’ Creditor Arrangement Act proceedings, led by the firm’s Toronto, Calgary and New York offices.

Norton Rose Fulbright’s global restructuring practice has been described by clients as a “powerhouse” in the restructuring space “in all jurisdictions” and is at the forefront of many of the most significant cross-border bankruptcy, restructuring and insolvency cases, involving complex multi-jurisdictional issues and regional insolvency laws. The firm’s global team acts for a wide range of clients including lenders, private equity and distressed debt funds, hedge funds, bondholders, public and private corporations, debtors, liquidators, examiners, office-holders, secured and unsecured creditors, committees, management and other relevant stakeholders.