Claire joined the Addleshaw Goddard Restructuring team in 2021. Claire has acted for a range of stakeholders, including financial institutions, funds, insolvency practitioners and companies in financial difficulty. She has advised on a variety of restructurings, security enforcements and distressed disposals across a broad range of sectors, with particular experience in the real estate and infrastructure sectors.
Claire has also undertaken a nine month secondment to the Restructuring Legal team at Lloyds Bank plc, supporting the Large Corporate Business Support Unit. Her role primarily involved providing ongoing transactional support and legal advice to the business and credit teams in relation to their loan portfolios and associated restructurings and enforcements.
Claire holds a Foundation Certificate in International Insolvency Law from INSOL International, having completed a year-long course focusing on cross-border insolvency and restructuring issues in different jurisdictions.
Claire's experience includes:
Acting for the administrators (Teneo) of Sungard Availability Services (UK) Limited, one of the UK's largest data centre and business continuity providers, on all aspects of the complex trading administration and execution of several bespoke transactions with third parties to enable continuity of critical services to high profile customers such as JP Morgan and the Home Office.
Acting for Lloyds Bank plc on a variety of complex restructurings (including new money injections, capital restructurings and covenant resets), contingency planning exercises and insolvency processes with debtors in a wide range of sectors including retail, facilities management, construction, media and education.
Advising the funding vehicle for a DfE-procured programme on the consequences of the failure of Carillion (the main contractor). This involved advising on the options for introducing new money into the project within the terms of the complex intercreditor arrangements and project documents and, ultimately, acting on the appointment of administrative receivers in relation to the project.
Acting for a large global loan servicer in relation to a number of their domestic and cross-border commercial mortgage-backed securities portfolios. This involved providing strategic advice and options analysis to the client in their roles as servicer, facility and security agent, and acting on any subsequent enforcement processes.
Advising the US-based largest creditor and shareholder in relation to the long running special administration of its UK based subsidiary, MF Global UK Limited, on a broad range of matters including special administrator duties, creditor rights and third party claims. This also involved acting on the novel Company Voluntary Arrangement proposed by the UK subsidiary, which offered creditors an option to cash-out early with a selected group of larger creditors bidding for the right to fund that payment.