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Clifford Chance LLP

Work 020 7006 1000
Fax 020 7006 5555

Philip Hertz

Work +442070061666
Clifford Chance

Work Department

Banking & Finance


Global Head of Restructuring and Insolvency


University College, London (LLB) 1989

London: Finance

Corporate restructuring and insolvency

Within: Leading individuals

Philip Hertz - Clifford Chance LLP

Within: Corporate restructuring and insolvency

'Among the very best in the market', the 'very strong' five-partner team at¬†Clifford Chance LLP¬†has an¬†'enormous depth of resource in which to deliver first-class legal advice'¬†to a broad array of stakeholders including banks, funds, corporates and IPs. The 'technically strong and user-friendly'¬†Philip Hertz¬†has developed a strong reputation for handling Spanish restructurings including his work in relation to Abengoa as well as recently for a group of key lenders (including HSBC and BNP Paribas) as creditors on the¬†‚ā¨1.6bn restructuring of the Prisa media group. On the debtor front, Hertz has been advising The Co-operative Bank plc on the complex restructuring of several tranches of outstanding bonds. The 'highly commercial'¬†John MacLennan¬†provides 'very clear' advice to creditors across a range of sectors and as well as being very active in the oil and gas sector, he has also developed a strong reputation in relation to bank resolution cases. As well as recently advising an ad-hoc committee of bondholders that formed in relation to the controversial liability management exercise by Novo Banco in connection with its sale to Lone Star, MacLennan is also acting for a bondholder group suing the Portuguese Central Bank in connection with the Novo Banco resolution. 'Able to see the bigger picture',¬†Adrian Cohen¬†is particularly noted for his¬†specialist knowledge on the insolvency laws and practice of the United Arab Emirates (UAE). Iain White¬†and¬†David Towers¬†are also recommended.

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