Experience

David specialises in corporate restructuring and insolvency matters.  He regularly acts for international and local corporates on complex schemes of arrangement. He also regularly acts for insolvency office-holders (Examiners, Receivers and Liquidators), financial institutions, directors and shareholders and is experienced in both contentious and non-contentious corporate recovery and turnaround matters. 

Prior to joining  our Restructuring and Insolvency team in December 2014, David spent a number of years working with the insolvency and restructuring team of Minter Ellison, a top-tier Australian-based commercial law firm.

David co-authored an article entitled ‘Ireland – an international restructuring destination’ published by the International Corporate Rescue journal in May 2019.

 

Key highlights include advising:

  • DEPFA ACS Bank DAC (“DEPFA”) – advised DEPFA on the successful use of an Irish scheme of arrangement to implement the redemption in full of nine Asset Covered Securities (which had a combined original issuance value of approximately €1.7 billion) prior to their stated maturity dates.
  • Norwegian Air Examinership – advised AerCap, BOC Aviation Limited, Engine Lease Finance Corporation Limited, Export-Import Bank of the United States, FPG Amentum, Goshawk, M&T Aviation Finance (Ireland) Limited and SMBC Aviation Capital Limited, in the Norwegian Air Examinership. The examinership was used to implement a significant fleet reduction and restructuring of US$5 billion of debt.
  • Nordic Aviation Capital DAC on its landmark Irish scheme of arrangement which implemented a standstill across 89 different financing arrangements with a total debt of approximately US$6 billion.
  • KPMG as administrators to the insurance company CBL Insurance DAC.
  • Assured Guaranty Group in its capacity as guarantor of over US$500 million of notes issued by Ballantyne Re in an Irish scheme of arrangement proposed by Ballantyne Re which sought to restructure US$1.6 billion of its senior debt.
  • Asia Pulp and Paper in using an Irish scheme of arrangement under Part 11 of the Companies Act 2014 to restructure US$1 billion of debt.
  • Deloitte in their capacity as Receivers to the Glass Bottle Site at Poolbeg.
  • Duff & Phelps in their capacities as Receivers in complex commercial court proceedings regarding a dispute over a high value commercial development site in Dublin City Centre. 
  • KPMG in their capacity as liquidators of SkillPages Holdings Limited.
  • NAMA on its unsecured and trust claims in the special liquidation of IBRC.