Linklaters LLP‘s restructuring team works closely with its global network to represent lenders and companies in cross-border restructuring and insolvency matters. The practice is led by New York-based Michael Torkin. Daniel Guyder brings over 25 years of experience advising secured and unsecured creditors, creditor committees, ad hoc lender groups, and debtors. Penelope Jensen handles cross-border restructuring cases, and Christopher Hunker specialises in Chapter 11 cases, representing three large Chinese real estate companies that implemented restructurings. Margot Schonholtz retired in May 2025. All lawyers are based in New York.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Top‑tier technical expertise in cross‑border restructurings with genuinely seamless coordination across key jurisdictions. The team has a deep command of Chapter 11 dynamics, intercreditor issues, enforcement of international security packages and regulatory impacts across multiple legal regimes.'
‘Penelope Jensen provided outstanding service and a thorough understanding of complex issues.'
- ‘Christopher Hunker leads the team and is commercial, technically excellent, and great to work with.’
- '‘Michael Torkin has been an invaluable strategic advisor for over a decade. He is highly commercial, creative, and consistently technically excellent.'
- ‘Strong practical knowledge of domestic and international restructuring regimes. Ability to mobilize and coordinate the firm's resources across multiple practices and jurisdictions in complex cross-border restructurings.'
- ‘Daniel Guyder has been exceptional in providing strategic guidance and anticipating creditor‑side risks in fast‑moving Chapter 11 environments.'
- 'Curtis Smith consistently demonstrates impressive technical accuracy and responsiveness. The associate’s written work is extremely well‑structured, with thorough issue‑spotting and a practical sense of materiality.'
'The work product is concise, reliable, and consistently aligned with commercial objectives.'
- 'Linklaters offers a rare blend of expertise, strategic clarity and operational efficiency.'
‘The client service is outstanding.'
Key clients
- Banco Santander
- Bank of America, N.A.
- Corebridge Financial Inc.
- Crédit Agricole CIB
- Delticus Group Holdings LLC
- Goldman Sachs Asset Management
- Hon Hai / Foxconn
- Lhoist SA
- Pride Group Holdings Inc.
- Shareholder Group: Coatue Management, Dragoneer Investment Group, and Third Point Ventures
- Yuzhou Group Holdings Company Limited
Work highlights
Advises Crédit Agricole CIB, as LC agent, issuer, and lender on post-consummation restructuring-related matters related to McDermott and the counterparties it transacts with, including with respect to the Zachry Construction Chapter 11 case and other ongoing matters.
Advised Delticus Group Holdings LLC, a U.S. institutionally capitalized corporate liability acquisition platform, as purchaser of asbestos portfolios and related insurance and financial assets from two global public companies: Electrolux SA (“Electrolux”) and Honeywell International (“Honeywell”).
Representing Hon Hai / Foxconn as one of the largest stakeholders in Lordstown Motors, the failed EV started that filed for chapter 11 in late 2023.
Practice head
Michael Torkin
Other key lawyers
Daniel Guyder; Penelope Jensen; Christopher Hunker; Curtis Smith