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 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.
- Advising the administrators of a corporate group that collectively owned and operated a historic stately home, golf course and hospitality business on all aspects of the complex administration process and consequential disposals of the business and assets.
- Acting for the corporate vehicle of a US tech entrepreneur on the pre-packaged administration acquisition of the UK parenting business, Bounty.
- Advising London Legacy Development Corporation on the restructuring of its joint venture with Newham Council in respect of the London Stadium, including in relation to the exit of Newham Council from the partnership and development of a long term restructuring plan for the project.
- Acting for a Netherlands based provider of packaging and dispensing systems on a comprehensive recapitalisation plan, which included a €117m rights offering, complex restructuring of its English law debt facilities and provision of a new liquidity bridge.
- Acting for hospitality technology provider Pegasus on its merger with Travel Tripper in the US and the UK (the latter by way of a pre-packaged administration sale process) in a combination backed by a substantial investment from Accel-KKR.
- Acting for international property investment and development group, the Ballymore Group, on its deleverage and exit from the National Asset Management Agency of Ireland following a series of large scale refinancings, joint ventures and disposals.