Walkers Acts on IFLR America's Restructuring Deal of the Year 2021

Walkers is pleased to announce that its Bermuda and Cayman Islands offices have been recognised at the IFLR America Awards 2021 for their roles in the Restructuring Deal of the Year: McDermott International.

Walkers Cayman and Bermuda offices advised McDermott International group on all Cayman and Bermudan law aspects of its 2020 restructuring including advising on: (i) finance and security issues related to the US$2.81 billion debtor-in-possession financing facility that closed in January 2020; (ii) certain insolvency and restructuring matters in connection with the entry into US Chapter 11 proceedings; and (iii) corporate restructurings undertaken as part of its exit from the US Chapter 11 proceedings. Walkers also advised on certain finance and security matters on its emergence from the US Chapter 11 proceedings in June 2020.

The Walkers team consisted of: Neil Lupton (Cayman – Insolvency & Dispute Resolution), Fiona MacAdam (Cayman - Insolvency & Dispute Resolution), Siobhan Sheridan (Cayman - Insolvency & Dispute Resolution), Blake Egelton (Cayman – Insolvency & Dispute Resolution), Rob Jackson (Cayman – Finance & Corporate), Hugh Anderson (Cayman - Finance & Corporate), Jessica Mbanda (Cayman – Finance & Corporate), Adeola Adeyemi (Cayman - Finance & Corporate), Andrew Howarth (Cayman – Regulatory & Risk Advisory), Jonathan Betts (Bermuda - Finance & Corporate), Sarah Demerling (Bermuda - Finance & Corporate), Nathalie West (Bermuda - Finance & Corporate), and Rachel Nightingale (Bermuda - Finance & Corporate).

This year’s awards celebrated the most legally innovative multi-jurisdictional transactions and this year the research process again saw a record-breaking number of submissions from banks and law firms across the region.