Under the leadership of the vastly experienced Patrick Corr, Faegre Drinker Biddle & Reath has, since the London team was established in 2020, developed a strong offering for corporates and funds, in particular, on cross-border strategic opportunities and situations throughout the distress curve. On the debtor front, much of the work flows from the firm’s US base for firmwide institutional health and life sciences companies on balance sheet restructurings to help manage exposure to product liability claims. On the investor/creditor side, the real estate sector is a very fertile source of work, with Gary Bellingham and Buvini Kularatne both particularly skilled at realising value for funds investing in distressed assets in the space.
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Work highlights
Instructed in relation to securing ongoing supplies critical to Elanco Animal Health’s business in the US and the UK, from sites operated by the financially distressed TriRx Pharmaceutical Services Group.
Advising the joint liquidators on all aspects of the wind-down process of BlockFi in a case with approximately $10bn of uncontested and contested liabilities.
Advising the two major creditors in the restructuring of the Flemingo group, a global travel retail group with operations in more than 30 countries in Asia, Africa and the Middle East and which is the largest travel retailer in South Asia.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Patrick Corr
Other key lawyers
Gary Bellingham; Wayne Beck; Buvini Kularatne; Raphaela Cotoulas