In the midst of rapidly intensifying corporate distress, Clifford Chance names a new partner to its restructuring and insolvency team.
Shaun Langhorne joins the team from its Singapore-based office after most recently being a partner with American-British law firm Hogan Lovells where he spent five years.
According to the announcement, Langhorne boasts vast experience in «complex, multi-stakeholder and cross-border restructuring matters» in the Asia Pacific region.
Recent mandates include advising an international bank on the $1.9 billion restructuring of Indonesia’s Borneo Lambing group; a syndicate of lenders on the restructuring of a US$470 million loan to an Indian infrastructure conglomerate with subsidiaries in Singapore and Mauritius; and trade lenders in the restructuring of a listed Australian diversified minerals group with operations throughout Asia.
Sound Timing
The timely appointment to bolster restructuring and insolvency capabilities occurs as an economically crippling coronavirus pandemic continues to unravel. Singapore has most notably been hit via a collapse in commodity prices that led to serious distress at oil traders such as Hin Leong and Zenrock Commodities Trading.
«We are delighted to welcome [Langhorne] as we're witnessing an increase in corporate distress and related activity across the
region,» said Kai-Niklas Schneider, Clifford Chance’s Singapore managing partner. «His expertise further bolsters our capability as we continually strive to anticipate our clients' needs.»
