Shearman & Sterling advised a group of holders of lower tier 2 bonds issued by The Co-operative Bank plc in connection with the bank’s £1.5 billion recapitalization plan. The recapitalization plan, if it receives noteholder approval, would be the first-ever creditor bail-in of a bank in the UK.

Linklaters advised the co-ordinating committee of the senior lenders led by Commerzbank on the financial restructuring of the fashion company BASLER. The company, which is based in Goldbach near Aschaffenburg, had been part of the portfolio of the private equity investor Triton for more than seven years and was, in the context of the restructuring, at first transferred to private equity investment funds held by the BASLER management.

Dentons Berlin office has successfully advised Decor Druck Leipzig GmbH within the context of a protective shield proceeding during the acquisition by a new owner. The insolvency plan drawn up by Dentons on behalf of Decor Druck Leipzig GmbH was unanimously accepted at the creditors’ meeting held on November 14, 2013 and was confirmed by the local court of Leipzig on the same day.

Squire Sanders’ Restructuring & Insolvency Practice Group, led by partner Paul Muscutt and assisted by Andrew Johnson and Johnny Dunkley, has acted for Leonard Curtis on the pre-pack sale of Meemi Limited, trading as my-wardrobe.com. My-wardrobe is an online retailer of women’s clothing based in London and Nottingham. The sale will save all 48 jobs at the company, including that of Carmen Borgonovo, former Harper's Bazaar Senior Fashion Editor, who will remain as fashion director.

Bennu Oil & Gas has completed its approximately $700 million acquisition of all the Gulf of Mexico oil and gas assets of ATP Oil & Gas Corporation. The transaction was effected pursuant to a “credit bid” under section 363 of the Bankruptcy Code. Bennu was formed by the lenders under ATP’s debtor-in-possession (DIP) credit facility to effect the acquisition.

Bingham, led by partners Neil Devaney and James Terry, is advising noteholders of Magyar Telecom BV, a Hungarian telecommunications holding company. Magyar filed a Chapter 15 petition on Oct. 29 in the U.S. Bankruptcy Court for the Southern District of New York in Manhattan seeking recognition of the company’s U.K. restructuring.

Herbert Smith Freehills advised Newcastle Airport Pty Limited, on its recent corporate restructure to open the way for potential private sector investment and to facilitate its transition from a domestic only airport to a viable international airport for regional New South Wales.

The key driver behind the restructure was to overcome the  limitations of its existing corporate/ownership structure, in particular the reliance on the shareholder councils, Newcastle City Council and Port Stephens Council, to provide financing for the development of Newcastle Airport.

Dentons is advising Zolfo Cooper in connection with its appointment as administrator to Bramwell Pubs and Bars Limited ('the Group'). Peter Saville, Kevin Coates and Anne O’Keefe of Zolfo Cooper were appointed Joint Administrators on 31 October 2013. The Group operates 185 pubs and bars across the UK and employs approximately 3,300 staff across all sites.

Weil have acted for the KPMG Administrators of MF Global UK in a landmark settlement of the MF Global group's pension liabilities. The settlement with the Pension Trustees and with the MF Global Group 'service' company was led by London partner and head of Weil's London Restructuring team, Adam Plainer together with Linton Bloomberg and pensions partner Joanne Etherton.

Frankfurt - An international Linklaters team advised the UniCredit Bank AG, London, on the restructuring of the financing of TFL, a group specialising in speciality chemicals for the leather industry and having its seat in Weil am Rhein. In the context of this restructuring, the US investment company Black Diamond acquired the majority of shares of the international chemical group. The shares have been held in trust since 2009 after a first restructuring of the existing financing had become necessary.