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20 CURSITOR STREET, LONDON, EC4A 1LT, ENGLAND
Tel:
Work 020 7831 9222
Fax:
Fax 020 7831 9607
DX:
138 LONDON CHANCERY LANE WC2
Web:
www.macfarlanes.com

Simon Beale

Tel:
Work 020 7831 9222
Email:
Macfarlanes LLP

Work Department

Banking and finance

Position

Senior counsel and head of the insolvency group, advising on a broad range of corporate restructuring and recovery issues. His clients have included companies in financial difficulties, their directors and shareholders, insolvency practitioners appointed over such companies, lenders to and other major creditors of troubled entities, investors interested in a “loan to own” strategy and buyers of businesses where there is an insolvency aspect.


London: Finance

Corporate restructuring and insolvency

Within: Corporate restructuring and insolvency

Macfarlanes LLP acts for an array of investor-side clients including credit funds, hedge funds and turnaround investors, and is noted for its 'creativity and commerciality' on devising strategies to maximise value on behalf of their clients. Jat Bains has strong ties with numerous funds including Oak Hill Advisors, which he recently acted for as bondholder on the Co-op Bank restructuring. On the debtor front, Bains recently assisted GAME digital plc on several turnaround initiatives, including a group reorganisation in order to ring-fence the Spanish part of the business from the English, and a commercial arrangement with Sports Direct which also involving a funding arrangement. Simon Beale and senior counsel Paul Keddie are also recommended.

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Legal Developments by:
Macfarlanes LLP

  • Finding the ‚Ä®right words

    In the recent case of Newbury v Sun Microsystems [2013], the defendant argued that an offer to settle proceedings was ‚Äėin principle' only and that a binding contract could not be formed until further terms had been agreed and a formal contract had been signed. It supported this argument by referring to a statement, in the offer letter, that the settlement was to be ‚Äėrecorded in a suitably worded agreement'. ‚Ä©
    - Macfarlanes

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