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Linklaters Business Services

Living Wage
ONE SILK STREET, LONDON, EC2Y 8HQ, ENGLAND
Tel:
Work 020 7456 2000
Fax:
Fax 020 7456 2222
DX:
10 LONDON CITY EC3
Email:
Web:
https://www.linklaters.com
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

Bruce Bell

Tel:
Work 020 7456 3545
Email:
Linklaters Business Services

Work Department

Banking, restructuring and insolvency.

Position

Bruce advises on lending, restructuring and insolvency matters both for borrowers/debtors and for lenders/creditors. He has particular expertise in the application of corporate finance techniques to distressed debt situations, and is one of the leading practitioners of English creditor schemes of arrangement.

Bruce focusses particularly on cross-border restructurings, and has been involved in many of the most high-profile restructurings in Europe since the global financial crisis. Bruce also advises various of the firm’s key corporate clients on their general banking and finance matters.

In 2010, Bruce was seconded to BP as Treasury counsel to assist with financial consequences of the Deepwater Horizon incident. In 2001, he was seconded to Barclays Capital to work in the bank’s leveraged finance team.

Work highlights:
Bruce has led on, or been a key adviser in, a number of major debt restructurings. His experience includes advising:

  • the business partners of Card Protection Plan and Affinion on the groundbreaking consumer schemes of arrangement used as a tool to provide redress for alleged mis-selling of retail financial products
  • Towergate Insurance on its £1.1bn debt restructuring
  • Eircom on its €4bn debt restructuring, the largest ever Irish examinership case, a process in Irish law enabling a company to restructure with the approval of the High Court
  • the ad hoc committee of bondholders on the US$1.4bn debt restructuring of Codere, the Spanish gaming company
  • the lenders on the debt restructuring of the UK M6 toll road

Career

Trainee solicitor Wilde Sapte, London 1996-98; associate Wilde Sapte/Denton Wilde Sapte, London 1998-2000; associate Linklaters, London (including six-month secondment to leveraged finance team at Barclays Capital in London); partner Linklaters, London 2005 to date (including six-month secondment to BP’s treasury team during 2010 to assist with liquidity initiatives in response to the Deepwater Horizon incident).

Member

Bruce is a member of the Insolvency Lawyers’ Association and the City of London Solicitors’ Company.

Education

Bruce graduated with a BA (Hons) in history from Pembroke College in 1994, Cambridge University and then studied for a postgraduate diploma in law at City University, London and for a postgraduate diploma in legal practice (LPC) at the College of Law, London.


London: Finance

Corporate restructuring and insolvency

Within: Corporate restructuring and insolvency

Strengthened by the recent hires of fund/special situations experts¬†James Douglas¬†and¬†Sarah Mook¬†from¬†Ropes & Gray LLP¬†and Goldman Sachs, respectively,¬†Linklaters LLP¬†handles the full array of transactional, formal insolvency and corporate restructuring mandates implementing out of court and in court procedures across the jurisdictions with which the firm is located. Co-head of the firm's global team,¬†Rebecca Jarvis¬†has a particularly strong track record advising major international corporates facing financial difficulties and is representing Nigeria-based gas company Seven Energy Group on its complex capital restructuring. Co-head¬†Richard Bussell¬†handles both contentious and non-contentious mandates for a broad array of stakeholders and recently advised the trustees of the Co-operative Pension Scheme on the separation of the Co-operative Bank plc from the pension scheme in order to¬†improve its capital position and avoid potential resolution. A market-leading expert on the implementation of English creditor schemes of arrangement,¬†Bruce Bell¬†handles a mix of fund-side creditor work and debtor mandates including his ongoing work for the Norske Skog group on its restructuring. Spearheaded by the 'vastly experienced'¬†Tony Bugg, the firm also handles some residual Lehman Brothers work including on the continuation of the ‚ÄúWaterfall Proceedings‚ÄĚ in the UK courts to determine entitlements to surplus funds.¬†Nick Le Masurier,¬†Euan Clarke¬†and¬†Richard Hodgson¬†are also recommended.

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Russia

Restructuring and insolvency

Within: Restructuring and insolvency

Linklaters¬†significantly strengthened its practice with the recruitment of¬†head of disputes¬†Vladimir Melnikov¬†from Herbert Smith Freehills CIS LLP. The team's strong capabilities in debt restructuring were in evidence in Melnikov's advice, alongside London-based dispute partners Matthew Weiniger¬†and Bruce Bell,¬†to Sberbank on the multi-jurisdictional ‚ā¨6bn debt restructuring of Agrokor Group, the largest privately-owned company in Croatia. Elsewhere, banking specialist Michael Bott¬†is assisting Sberbank with amendments to $1.75bn of financing provided to JSC Antipinsky Refinery.

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