Drawing upon strong fund connections and often working in a very cohesive fashion with lawyers across the firm’s banking, capital markets and litigation offerings, Milbank has a front row seat on many of the largest and complex cross-border restructurings for fulcrum creditors. Tremendously well-connected, Yushan Ng is the gravitational force behind much of this work, continuing to act for both par and increasingly secondary investors seeking to realise value in distressed situations, both in and out of formal insolvency scenarios. Dual New York and UK-qualified partner Sarah Levin is also involved in a significant amount of ad-hoc bondholder work, and is also highly regarded for her skill at effecting distressed M&A solutions, as well as on restructuring matters with a significant US nexus. The arrival of Ian Wallace from White & Case LLP in August 2024 further consolidates the firm’s existing strength on the creditor front, as well as providing wider bandwidth, in light of his considerable debtor side experience. Sinjini Saha co-heads the team alongside Ng.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'Milbank are consistently involved in delivering innovative and first-of-their-kind deals in the European restructuring market. The partners are technically excellent, and very commercial, and the standard of Counsel and associate level work is also extremely high.'
- 'Ian Wallace is extremely clear, practical, and commercial, with best-in-class technical expertise on the most complex points.'
- 'The Milbank team is consistently at the forefront of innovation. If you want a creative solution to a complex situation, the team delivers. The team is proactive, responsive and happy to go the extra mile.'
Key clients
- Ad hoc group of cross-holders of the senior notes issued by Altice France Holdings S.A.
- A group of senior lenders to the Keter Group
- Intrum AB
- Ad hoc committee of noteholders of Tele Columbus AG
- Lenders to the Ambatovy Project
- Oaktree Capital Management
- European Investment Bank, multiple export credit agencies and a syndicate of commercial bank lenders as secured lenders to Northvolt Ett AB
- Bondholders to the Waldorf Production Group
- Ad Hoc Group of 1L Lenders to Wittur Holding GmbH
- Ad hoc group of senior lenders to Farfetch
- Roche
- Ad hoc group of noteholders and shareholders to Codere
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Ian Wallace
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Sarah Levin
Practice head
Yushan Ng; Sinjini Saha
Other key lawyers
Ian Wallace; Kate Colman; Sarah Levin; Nicholas Dunstone; Suzanne Thomson; Manpreet Khehra