Brown Rudnick Adds to Its European Restructuring Practice Further With Two New Partners
PUBLISHED ON: 03/02/2020
LONDON, 02 March, 2020 - International law firm Brown Rudnick LLP has continued to add to its international restructuring and finance practice with the appointments of Richard Obank and Colin Ashford as partners in London. They both join the firm’s European restructuring team from DLA Piper.
The appointments follow the hires of partners Charlotte Møller and Monika Lorenzo-Perez to the restructuring practice in London earlier this month, as well as the significant expansion of its Paris based restructuring team last year.
Neil Micklethwaite Managing Partner of Brown Rudnick's London office said: “We are delighted that Richard Obank and Colin Ashford will be joining Brown Rudnick’s pre-eminent global restructuring and finance group. They are key additions to the firm’s impressive experienced practitioners who advise corporates and investors involved in major cross border restructurings and insolvencies. Richard and Colin bring tremendous experience, having advised on some of the most complex restructuring projects in Europe over the last two decades and we look forward to their contribution to the practice and to the firm.”
Richard advises UK and overseas corporates, public and private, private equity investors and financial institutions. He has worked on multiple distressed M&A transactions, debt and capital restructuring and work out situations, and company voluntary arrangements. He has particular expertise in retail, manufacturing, mining and minerals, oil and gas, hotel and leisure and professional football clubs. Richard was named Lawyer of the Year at November’s Turnaround, Restructuring & Insolvency Awards 2019.
Colin has advised on all forms of corporate insolvency, focusing primarily on contentious matters, recoveries and investigations. He has managed a number of high profile investigations of fraud for insolvency practitioners and creditors, including HM Customs & Excise.
Richard Obank, Partner at Brown Rudnick, said: “I am looking forward to working with this extremely experienced and highly collaborative group of lawyers on ground breaking matters to secure the best outcomes for our clients. I am delighted to have the opportunity to become part of this team which has an enviable track record across its practices both in Europe and the US.”
Colin Ashford, Partner at Brown Rudnick, said: “It’s very exciting to be joining Brown Rudnick’s European restructuring and finance team at this time. The firm is well suited to complex, cross border work and the firm is highly respected by clients and the industry.”
Brown Rudnick has a team of 30 lawyers in its European corporate restructuring and finance practice, who work closely with the firm’s leading restructuring and finance group in the US.
The firm acts as counsel and in litigation proceedings concerning:
- Complex restructurings of companies subject to insolvency proceedings;
- Complex business transactions, including (distressed M&As and complex transactions in the context of disagreements between shareholders and others); and
- The preparation and structuring of new financing or refinancing solutions, such as mezzanine financing through trusts and bond issues.
Brown Rudnick was one of the first firms to focus on the representation of hedge funds and other highly-sophisticated distressed debt players. Over the past 30 years, its practice has expanded to include mixed committees of public debt holders, trade creditors, and labour interests. The firm advises debtors, asset purchasers, examiners, mediators and proposed plan sponsors, amassing a number of multi-jurisdictional and successful cross-border restructurings in Europe, Asia and Africa. Recently the firm advised the Government of Cabo Verde with the support of the World Bank in relation to the restructuring of its national legacy airline.
About Brown Rudnick LLP
Brown Rudnick combines ingenuity with experience to achieve great outcomes for our clients. It delivers partner-driven services; it incentivises its lawyers to collaborate in the client’s best interest; and it puts excellence before scale, focusing on practices such as distressed debt, corporate restructuring, M&A, white collar defence, international disputes and intellectual property, where it is a recognised leader. It has more than 250 lawyers and government relations professionals across the United States and Europe, with offices in key financial centers. Beyond the United States and Europe, we serve clients in the Middle East, North Africa, the Caribbean and Latin America.
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