Karen McMaster > Milbank > London, England > Lawyer Profile
Milbank Offices

100 Liverpool Street
LONDON
EC2M 2AT
England
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Karen McMaster

Position
Partner, Financial Restructuring
Career
Karen McMaster assists buy side and distressed investors structure, negotiate and implement investments in distressed, stressed or special situation credits. She also has experience in all aspects of debt restructuring and reorganisation, from initial contingency planning and options analysis to the implementation and management of complex workouts.
Karen’s experience spans a range of insolvency and reorganisation tools and processes, including UK Schemes of Arrangement, Restructuring Plans and CVAs, US chapter 11 and various European reorganisation mechanisms. Karen has also represented investors on a number of direct lending and ‘special situations’ financing, often involving complex and bespoke debt instruments and intercreditor structures.
Lawyer Rankings
London > Finance > Corporate restructuring & insolvency
(Leading partners)Under the guidance of Katrina Buckley, A&O Shearman advises a varied mix of debtors, creditors, investors and officeholders as stakeholders in high-profile situations, running the gamut from formal insolvencies and restructurings at one end through to more transactional work at the other – including special situations and distressed M&A. As well as the core team’s deep substantive knowledge in the space, it is also noted for its ‘good connectivity across the firm’, both in terms of international resources (which have been enhanced in the US, in particular, post merger) and complementary practice areas (including litigation, corporate and finance), ensuring that it is able to provide a highly co-ordinated offering spanning geographies. A hallmark of the practice is also its ability to handle innovative, often first-in-market, situations, as was recently demonstrated by Nick Charlwood‘s work alongside the Amsterdam team which involved the first-ever parallel Dutch WHOA and English scheme proceedings. Joel Ferguson and Nick Lister ‘are very knowledgeable, proactive and user friendly’, with the former leading a multi-disciplinary team alongside Buckley for a high-profile administration. Consultant Randal Weeks also has tremendous gravitas in the industry, while at the more junior end of the spectrum Kevin Heverin, who joined the firm following the merger, adds further expertise including in relation to special situations matters. The team was further strengthened by the hire of Karen McMaster from Milbank in April 2024.
Top Tier Firm Rankings
- Industry focus > Emerging markets
- Finance > Islamic finance
- Industry focus > Emerging markets
- Finance > Transport finance and leasing
Firm Rankings
- Finance > Acquisition finance
- Finance > Corporate restructuring & insolvency
- Finance > High yield
- Projects, energy and natural resources > Infrastructure: Project finance and development
- Transport > Aviation
- Finance > Derivatives and structured products
- Industry focus > Emerging markets
- Corporate and commercial > Equity capital markets: mid-large cap
- Projects, energy and natural resources > Mining and minerals
- Projects, energy and natural resources > Oil and gas
- Projects, energy and natural resources > Renewables
- Finance > Securitisation
- Dispute resolution > Banking litigation: investment and retail
- Dispute resolution > Competition litigation
- TMT (technology, media and telecoms) > IT and telecoms
- Corporate and commercial > Private equity: transactions – high-value deals (£500m+)
- Corporate and commercial > Corporate tax
- Corporate and commercial > Financial services: contentious
- Crime, fraud and licensing > Fraud: civil
- Dispute resolution > International arbitration
- Corporate and commercial > M&A: Upper Mid-Market And Premium Deals, £750m+
- Dispute resolution > Commercial litigation: premium