Walkers Jersey teams advise Cineworld on financial restructuring

Sep 26, 2023

A man in a business suit signing a legal contract.

Walkers' Jersey Banking & Finance, Corporate and Insolvency & Dispute Resolutions teams have advised Cineworld in connection with its financial restructuring, including the successful emergence of entities making up its UK business from their Chapter 11 cases and the pre-packaged administration of Cineworld Group plc.

Cineworld is one of the largest cinema chains in the world, operating in ten countries with 672 sites and 8,181 screens.

The Walkers team, led by group partners Jon Le Rossignol and Fraser Hern and partner Richard Holden, advised on the Jersey law elements of the financial restructuring, as instructed by Slaughter and May and Kirkland & Ellis LLP.

The Walkers team in Jersey included senior counsel Elaine Kelly, senior associates Melissa Hellio and Alex Schluep and associate Paola Sequeira.

Jon Le Rossignol said: 'We are pleased to have advised Cineworld in this complex and high-profile matter, a good example of our strong multi-disciplinary offering in this space; our Finance and Corporate teams regularly working closely with our Insolvency colleagues in formulating structures and techniques to assist distressed companies to refinance and/or restructure themselves, including matters related to the recognition of foreign proceedings.

Media contacts