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Tom Astle

Tom Astle

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Hogan Lovells International LLP

Hogan Lovells International LLP

England - London • Finance

1

Corporate restructuring & insolvency

Hogan Lovells International LLP‘s creditor-focused practice has strong traction among banks and funds across a range of restructuring and special situations-related mandates. ’Highly technical’ team head Tom Astle has been pivotal to the firm’s increased prominence in the funds space, regularly picking up distressed investment matters, including loan-to-own strategies, as well as in the context of ad-hoc committee work. Alex Kay also has a core funds focus acting both on the buy-side as distressed investors and in an ad-hoc committee context, where he excels at handling work with exposure to debtors in emerging markets. James Maltby‘s versatile practice includes creditor/investor work, as well as work for trustees and officeholders.
Legal 500 Editorial commentary
Phone
+44 20 7296 5603
Email
[email protected]
Profile
hoganlovells.com

Profile

Work Department
Restructuring & Special Situations
Position

Tom Astle is the Global Head of Restructuring & Special Situations, based in London.

Tom's clients include funds, investment banks and corporates involved in domestic and multi-jurisdictional restructurings. Tom has 19 years of experience in stressed and distressed situations. These include liabilities management exercises, refinancings, extensions, capital raises and injections and general stakeholder management. The majority have been implemented with successful negotiation of a consensual solvent solution, although he has regularly used Restructuring Plans, pre-packaged administration, CVA and/or a Schemes of Arrangement, to deliver his clients' preferred solution.

Tom has particular experience of dealing with multiple stakeholders, including syndicates of lenders, sponsors, and material pensions stakeholders. He also has a good working experience of more heavily distressed businesses and trading insolvency.

Languages

English

Education

Bachelor of Laws, The University of Sheffield, 1:1, 1998.

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Testimonials

Collated independently by Legal 500 research team.

  • 'The firm has an excellent restructuring practice. The lawyers (senior and junior) have strong technical skills. This is combined with a commercial approach which makes them a valuable adviser.’

    ‘Tom Astle is a stand-out partner, who is highly technical and has the ability to take complex situations and distil them into direct, commercial advice.'

    'Tom Astle is exceptional. He has a deep understanding of the law, combined with an outstanding commercial acumen as well as an ability to clearly communicate complex legal concepts.'

    'Alex Kay is one of the best restructuring people for Eastern European situations with a European connection.'

Key clients

  • Bank of America Merrill Lynch Santander HPS Interpath Teneo Alvarez PwC Argentem Creek Gramercy Madison Pacific GLAS AIB The ad hoc committee of Atento Noteholders consisting of Aquiline, GLG Man, Arkaim, Amundi, Kite Lake, CPPIB, Intrepid Capital and JP Morgan

Work highlights

Advising BNP Paribas, Lloyds Bank Corporate Markets Plc and Morgan Stanley & Co International in their capacities as certain of the super senior swap providers to Thames Water Utilities Limited in relation to the Part 26A Restructuring Plan proposed by Thames Water Utilities Holdings Limited.
Represented Ambac, on the first attempted Restructuring Plan of a PFI vehicle.
Acting as legal advisers to insolvency practitioners from Teneo Financial Advisory Limited in relation to the special administration of Sova Capital Limited.