Freshfields Bruckhaus Deringer LLP has landed a series of significant representations, particularly on the creditor side. The New York-based team has a number of vastly experienced professionals within its ranks including Mark Liscio, who has close connections to major banks and has a significant presence in liability management transactions; he led the team that represented an ad hoc group of revolving credit and term loan A lenders in Lumen Technologies’ $24bn billion liability management transaction. Madlyn Primoff is noted for cross-border restructurings and bankruptcies, including those in the aviation sector; she is also experienced in both transactional and litigation elements. Scott Talmadge is another immensely experienced practitioner with a background in representing banks in cross-border restructurings and Chapter 11 bankruptcy processes.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Clear pragmatic advice, considering matters holistically rather than through a narrow lens.'
  • 'The practice has some of the best law firm partners out there. What makes Freshfields unique is the breadth and depth of experience across large complex multi-jurisidctional cases. The entire team works seamlessly together to deliver the best experience for clients.'
  • 'Unparalleled advice, perspective, guidance in the most complex and sensitive restructuring negotiations. Mark Liscio is one of the best out there and has exceptional experience managing large lending syndicates, understanding what is important for lead banks, and is very commercial in finding resolutions to problems.'

Key clients

  • Ad Hoc Group of Financial Institutions (Lumen Technologies)
  • Merz Therapeutics
  • Kingdom of Denmark, Ministry of Finance
  • JP Morgan
  • Ad hoc group of lenders (GenesisCare)
  • JP Morgan
  • Fung Holdings
  • Barclays Bank
  • UBS
  • World Marine Offshore

Work highlights

  • Advised an ad hoc group of revolving credit and term loan A lenders holding $1bn of debt in Lumen Tech's liability management exercise.
  • Advised the Kingdom of Denmark Ministry of Finance as the largest creditor and shareholder of Scandinavian Airlines (SAS) on its acquisition of 25% of the equity and 30% of the convertible notes to be issued by SAS, and as the largest investor in the restructured SAS alongside Castlelake and Air France.
  • Advised the revolving credit and second lien lenders on Covis Pharma’s financial restructuring.

Lawyers

Practice head

Mark Liscio; Madlyn Primoff; Scott Talmadge