Restructuring

Cleary Gottlieb advises clients worldwide on restructuring matters that cross legal and geographical borders.

Diverse clientele

Our clients include a diverse array of parties active in the restructuring market, including debtors, institutional investors, ad hoc lender/bondholder groups, official committees, governments, and other parties in connection with in and out-of-court restructuring proceedings. We have worked on numerous groundbreaking transactions, including novel rescue and DIP financings, liability management transactions, and other capital solutions. Our clients value our practical, solutions-oriented approach, with Cleary lawyers deploying incisive and innovative thinking to craft creative solutions.

Wide recognition

Our restructuring practice is consistently recognized as a global leader by top industry publications, including Chambers, The Legal 500, and Global Restructuring Review (GRR), reflecting our deep experience and market-leading knowledge in complex restructurings.

Across geographies and industries

We have extensive experience representing various stakeholders in Chapter 11 and Chapter 15 proceedings in the United States, achieving the most optimal outcomes for our clients. Our global team represents clients in transactions and proceedings across a number of geographies and industries. Our experience spans across the United States, Latin America, Europe, the Middle East, and Asia. Our team has been involved in some of the most significant and high-profile restructurings across various industries, including aviation, healthcare and life sciences, retail, oil and gas, utilities, power and coal, and cryptocurrency.

Solutions-oriented lawyering

We excel in delivering strategic advice to corporations and institutional investors looking to solve balance sheet and related challenges. We help design and implement novel, precedent-setting, asset-backed, and structured financing to solve capital structure and liquidity issues. We are recognized as a global leader when it comes to structuring bespoke capital solutions involving all types of liability management exercises, change of control transactions, tender and exchange offers, consent solicitations, recapitalizations, hybrid financings, and equity-linked offerings, as well as DIP financings, exit financings, and in-court distressed sales and similar transactions. Clients value the innovative approaches we have pioneered to find out-of-court and less costly solutions to their financial challenges. As a “one-stop shop” for all restructuring-related matters, we work seamlessly with other practices within the firm, including our debt finance, corporate, M&A, private equity, securities, litigation, real estate, employee benefits, and tax practices.