London And Frankfurt Offices Of Bingham McCutchen To Join Akin Gump; Four Partners From Bingham McCutchen To Join Akin Gump In London And Hong Kong

Monday, September 22, 2014 - 11:02

The firm announces that the London and Frankfurt offices of Bingham McCutchen, along with a group of partners from Bingham’s Hong Kong office, will join the firm. With this 22-partner expansion, Akin Gump will grow its London and Hong Kong offices markedly and will also open the firm’s first office in Germany. The move will bring together Akin Gump’s financial restructuring practice in the United States, led by partners Daniel Golden, Ira Dizengoff, Fred Hodara and Mike Stamer, with the London-based leaders of Bingham’s financial restructuring group, partners James Roome, Barry Russell and James Terry. The combination cements Akin Gump’s reputation as the home of a top-tier global financial restructuring practice and adds substantial depth to the firm’s corporate, finance, disputes, regulatory and tax practices while significantly increasing the firm’s international footprint.

Bingham’s financial restructuring practice is ranked in the top tier by Legal 500, Chambers UK and IFLR 1000 and is recognized as “the premier noteholder practice in the market” (UK Legal 500). In addition to financial restructuring, the attorneys expected to join Akin Gump bring tremendous experience in finance and financial services, financial and commercial dispute resolution, corporate M&A and private equity, EU/UK competition and tax.

The team joining Akin Gump has leading financial restructuring, finance, litigation and corporate lawyers committed to, and experienced in, providing a seamless and responsive service to international financial institution clients.

The financial restructuring team has played a leading role representing creditors in numerous high-profile, precedent-setting workouts and restructurings throughout Europe and Asia. In recent years, the team has advised the bondholders of the Icelandic banks Kaupthing, Glitnir and Landsbanki since the banks’ failure in 2008, the bondholders of Suntech on recoveries from the bankruptcy of one of China’s largest solar panel makers, and the creditors of Quinn Group in Ireland, the lenders to France’s Terreal and the senior lenders to Kloeckner Pentaplast in Germany on their respective debt restructurings. They combine with a financial restructuring team from Akin Gump that, in the past year, has represented clients in prominent U.S. matters, including the official committee of unsecured creditors of Edison Mission Energy, the ad hoc group of noteholders and second lien indenture trustee of Eastman Kodak Company and the ad hoc committee of unsecured noteholders of Energy Future Intermediate Holdings, among many others.

Upon their arrival, the expanded finance team will advise clients in relation to innovative financings across a range of asset classes and financing sources. The team represents institutional investors, funds, corporate borrowers and issuers, sponsors and developers, lenders and underwriters in their financing activities in the cross-border private placement, loan, debt, equity, capital and investment markets.

The enhanced corporate practice in London, Hong Kong and Germany will advise on high-end corporate work, including public/private M&A and takeovers, international equity capital markets, including for companies in emerging markets, and the listing of financial vehicles on London’s stock exchanges. This practice will be boosted considerably by the expected arrival of Bingham’s well-respected London UK/EU competition practice and the firm’s tax professionals.

The incoming group’s financial dispute resolution practice will continue to represent European and U.S.-based financial institution clients, including investment banks, hedge funds and investment management companies, with incisive, commercial advice. This will complement Akin Gump’s established European dispute resolution team, which advises clients in relation to international arbitration, litigation or proceedings in multiple jurisdictions, with particular reference to matters involving oil and gas, power generation and telecommunications. In addition, the newly combined team will provide extensive financial regulatory advice.

Partners who will join Akin Gump and their respective locations are as follows (LO – London; FF – Frankfurt; HK – Hong Kong): Angeli Arora (LO - corporate); Tom Bannister (LO -financial restructuring); John Clark (LO - finance); Mark Dawkins (LO - litigation); Neil Devaney (LO – financial restructuring); Davina Garrod (LO - antitrust); Dr. Christian Halász (LO and FF – financial restructuring); Richard Hornshaw (LO - litigation); Christopher Leonard (LO – financial regulatory); Mark Mansell (LO – finance); Helen Marshall (LO – financial regulatory); Naomi Moore (HK – financial restructuring); Liz Osborne (LO – financial restructuring); Stephen Peppiatt (LO - finance); Charles Rogers (HK - corporate); James Roome (LO – financial restructuring); Barry G. Russell (LO – financial restructuring); Emma Simmonds (LO – financial restructuring); Stuart Sinclair (LO - tax); Sarah Smith (LO - finance); James Terry (LO – financial restructuring);  and Dr. Axel Vogelmann (FF – financial restructuring).

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The firm announces that four partners in the corporate, restructuring and funds practices will be joining the firm in London and Hong Kong from Bingham McCutchen: Vance Chapman (corporate, London); Thomas John Holton (funds, London); Matthew Puhar (corporate, Hong Kong); and  Thiha Tun (funds, London). Vance Chapman focuses his practice on M&A and equity offerings and investments and, additionally, has significant restructuring knowledge and experience. John Holton’s practice focuses on investment managers and the launching and restructuring of private equity and hedge funds. Matthew Puhar’s practice concentrates on, among other transactions, public and private cross-border corporate, corporate finance and restructuring deals. Thiha Tun focuses primarily on private investment funds for sponsors globally.