Chris Horrocks advises on restructurings, debt financings and insolvencies across Europe and the emerging markets. He has significant experience acting for a range of funds, financial institutions and corporates on high-profile multi-jurisdictional refinancing and restructuring transactions, using the available insolvency and reorganisation tools and processes to achieve his clients’ goals, including schemes of arrangement, pre-packaged administrations and security enforcement.
Mr. Horrocks assists his clients in all aspects of a transaction, from initial contingency planning through to the implementation and management of complex work outs with multiple stakeholders. He generally advises on distressed investing, distressed debt trades and special situations and has acted for distressed corporates and insolvency practitioners on out-of-court restructuring processes and formal insolvency procedures.
Mr. Horrocks has also acted for investors on direct lending financing transactions and has extensive experience with bilateral and syndicated lending and intercreditor structures.
Mr. Horrocks has recently returned from a secondment to a leading global investment firm and, prior to joining Dechert, Mr. Horrocks served as a senior associate in the business restructuring and insolvency practice of another international law firm. During that time, he was seconded to a leading global investment bank, as well as a major UK clearing bank.
- A senior bondholder group in connection with DTEK, Ukraine’s leading privately owned energy company, on the restructuring of its entire capital structure, which included various English schemes of arrangement and a consensual override of its bank facilities.
- An ad hoc bondholder group in connection with YPF S.A’s successful liability management transaction that resulted in the issuance of its senior notes due 2026, 2029 and 2033.
- Prominent investment managers on the design and implementation of a transaction to exit investments in a significant oil and gas drilling company in Eastern Europe including the enforcement of security to effect a sale process.
- Petroserv Marine, a Brazilian oil drilling group, on the restructuring of its equity and $1bn debt facilities.
- Prominent investment managers in relation to the restructuring of the liabilities of Stoneway Capital Corporation using US and Canadian restructuring plans.
- Mechel on the restructuring of its PXF facilities.
- A senior bondholder group in connection with restructuring bonds issued by CLISA, a leading Argentinian utilities provider.
- An ad hoc noteholder committee on the restructuring of the US$875 million eurobonds of FESCO plc, a Russian transportation and logistics conglomerate, and the related scheme of arrangement implementing the transaction.
- An ad hoc group of bondholders of Monte dei Paschi di Siena on certain aspects of a proposed liability management exercise in respect of €1 billion floating rate exchangeable FRESH bonds due 2099.
- Leading international bank on the $3.6 billion restructuring of facilities provided to India-based group Essar.
- PwC in relation to the Lehman Brothers estate, including complex issues relating to claims of up to £10 billion between estates, assignment of pensions liabilities, and the liability of shareholders to an unlimited company.
- Senior secured lenders and administrators in relation to the pre-pack administration of the Parabis Group, a major insurance law and loss adjusting firm.
- Agent and security trustee on change of governing law and subsequent contested English law Schemes of Arrangement implementing a restructuring of APCOA’s debt and equity.
- A multinational US headquartered engineering services conglomerate on the potential pre-pack of its distressed UK subsidiary.
- NAMA on the auction and sale of its Northern Irish book of €5.4 billion of real estate loans to Cerberus.
- A leading UK bank in relation to the €1.7 billion corporate restructuring of NEF Telecom through a scheme of arrangement.
Includes matters handled at Dechert or prior to joining the firm.
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- University of Exeter and Université de Rennes, LL.B (European) with Maîtrise en Droit, 2006, First-Class Honours
- BPP Law School, Legal Practice Course, 2007, with Distinction
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- England and Wales
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- English
- French
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- R3
- Insolvency Lawyers’ Association
- INSOL International