Debtwire European Distressed Debt Market Outlook 2019
Stephen is Co-head of Orrick's European Restructuring team, and brings significant experience in advising banks, bondholders and corporate groups on restructuring and banking matters.
Praised for his ‘pragmatic and clear advice’ by Legal 500 UK, Stephen's practice focuses on advising alternative credit providers, hedge funds and the special situation arms of investment banks. He and the team are well-placed to handle cross-border mandates as a result of Orrick's extensive European, Asian and US network of offices.
Clients describe Stephen as ‘very savvy from a commercial point of view. He understands what goals we are trying to achieve and finds a legal way to get us there’
Stephen has authored and published several articles in market leading business sector titles and is regularly quoted in national and sector press.
Having begun his career in Asia advising creditors affected by the Asia Currency Crisis, he returned to London to advise bondholder committees on High Yield / Fallen Angel bond restructurings in the early to mid-2000s.
During the global financial crisis Stephen’s experience focused on leverage finance restructurings and bank restructurings.
Stephen’s principal recent engagements include advising the Ocean Rig group in its restructuring of USD 4bn debt through a Cayman scheme of arrangement, the special committee of the board of Seadrill Partners (SDLP) in respect of a transaction which insulated SDLP from the restructuring efforts of its parent company, Seadrill Limited, and the trustee of the High Yield Bonds of Pages Jaunes which was connected to the restructuring of the indebtedness of the Solocal group. In 2017 Stephen advised the trustee of the bonds of Edcon in its restructuring, a deal which American Lawyer awarded the Global Restructuring Deal of 2017.