Awards

Ocean Rig Team Continues To Be Recognized for Groundbreaking Work

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Raniero D’Aversa and Evan Hollander accepting the Large ($1-5 billion) Turnaround of the Year Award at the Turnaround Atlas Awards on July 19, 2018.

The London-based members of the Ocean Rig team attending the second annual GRR Awards on June 26, 2018.

The Ocean Rig team accepting their awards at the gala hosted by M&A Advisor on June 18, 2018 in New York.

Our Ocean Rig team continues to garner recognition for our precedent-setting work on the transaction.

Most recently, the Ocean Rig transaction was named Large ($1-5 billion) Turnaround of the Year at the Turnaround Atlas Awards.

Last month, our Ocean Rig team was recognized with the Innovation in Cross-Border Insolvency and Restructuring Award during the second annual GRR Awards, hosted by Global Restructuring Review in London. The award highlights the deal’s precedent-setting pre-appointment CoMI shift.

Also in June, the restructuring of the Cayman Islands-based offshore drilling contractor won two awards at the M&A Advisor’s 2018 International M&A Awards: Restructuring of the Year ($1 – $5 billion) and Energy Deal of the Year.

Orrick Continues to be Ranked a Top Bankruptcy and Restructuring Firm by The Deal

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The Deal has published its 2017 bankruptcy and out-of-court restructuring league tables and again ranked Orrick as a top bankruptcy and restructuring law firm. The firm ranked:

Orrick’s Restructuring group has consistently earned an inclusion in the top ten bankruptcy legal advisor rankings in each quarter since 2015.

“We’re proud of Orrick’s continued top rankings in the Deal, which places us among the top tier bankruptcy firms internationally. Our rankings reflect the global nature of our work on some of the most complex bankruptcies and out of court restructurings of the year for both debtors and creditors”, said Raniero D’Aversa, Orrick’s Restructuring Practice Group Leader.  The group handled several high profile restructurings and bankruptcies in 2017, including the precedent setting $3.7 bn international restructuring for drill ship operator Ocean Rig, which included a Chapter 15 filing in New York and schemes of arrangement under Cayman Island law. Orrick also advised Toyota Motor Corporation in connection with its exposure in the highly publicized restructuring of airbag manufacturer Takata. The group also handled a unique bankruptcy proceeding involving tech start-up Lily Robotics, and advised lender groups and boards in the CHC and Seadrill bankruptcy cases. Other key matters have included advising creditors or trustees in major international restructurings for South Africa’s largest retailer, Edcon, French digital media group SoLocal, as well as French retailer Vivarte, among others.

The Deal’s Bankruptcy League Tables are the industry’s only league tables focused solely on active bankruptcy and out-of-court-restructuring cases. These rankings are compiled on a quarterly basis through comprehensive deal intelligence to identify the top law, crisis management, investment, and non-investment firms and professionals involved in bankruptcy transactions throughout the United States.  Firms are ranked based on advice provided to creditors, debtors and out-of-court restructurings.

Orrick Ranked a Top 10 Bankruptcy and Restructuring Firm by The Deal

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The Deal’s latest Q3 2016 bankruptcy and out-of-court restructuring league tables again rank Orrick as a top bankruptcy and restructuring law firm. In the Out-of-Court Restructuring League Tables, Orrick earned a #6 ranking for creditor’s counsel in out-of-court restructurings. Additionally, the firm ranked #7 by billings in The Deal’s Bankruptcy League Tables for the third consecutive quarter in 2016. These are not the first league table distinctions Orrick’s Restructuring Group has garnered in 2016. In Q1, we were also ranked #5 for restructuring counsel to distressed companies. In 2015, we were earned an inclusion in the top ten bankruptcy legal advisor rankings in each quarter.

Over the past few months, Orrick’s Restructuring group has advised clients on several key restructuring matters, particularly in the areas of distressed energy and equipment finance. We have counseled a majority lender in the restructuring of Chesapeake Energy Corporation and the administrative agent in the restructuring of loans to Stonegate Production Company.

The Deal’s Bankruptcy League Tables are the industry’s only league tables focused solely on active bankruptcy and out-of-court-restructuring cases. These rankings are compiled on a quarterly basis through comprehensive deal intelligence to identify the top law, crisis management, investment, and non-investment firms and professionals involved in bankruptcy transactions throughout the United States.  Firms are ranked based on advice provided to creditors, debtors and out-of-court restructurings.

Orrick Honored by IFLR1000 as Leading Restructuring Firm

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IFLR1000 once again recognized Orrick’s restructuring group as a leading restructuring and insolvency practice in its 2017 rankings, reflecting our recent work representing major financial institutions in a variety of distressed situations, including energy/commodities, healthcare, and distressed municipalities.

IFLR1000 also identified several leading lawyers and rising stars amid our ranks. Practice Head Raniero D’Aversa and Partners Marc Levinson and Lorraine McGowen were again selected as leading lawyers, recognized by their peers and clients to be the leading figures in their specialist areas. Partner Laura Metzger and Of Counsel Nick Laveris were included as rising stars.

IFLR1000 provides tiered rankings of the leading financial and corporate law firms for different regions, markets and practice areas based on in-depth market research as well as peer and client feedback.

Orrick Ranked Among Top Ten Bankruptcy Law Firms

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The Deal has once again recognized Orrick as a Top Ten Bankruptcy Law Firm in its Q1 2016 Bankruptcy League Tables. After being named to the top ten in each quarter last year, Orrick extended the streak by gaining one spot in the rankings (now #7).

During a busy Q1 period, we advised several clients on a diverse blend of bankruptcy matters, with a particular emphasis in the areas of distressed energy, municipal debt and cross-border restructurings.

The Deal’s Bankruptcy League Tables are the industry’s only league tables focused solely on active bankruptcy cases. These rankings are compiled on a quarterly basis through comprehensive deal intelligence to identify the top law, crisis management, investment, and non-investment firms and professionals involved in bankruptcy transactions throughout the United States.

Orrick Named Top Ten Bankruptcy Law Firm in Every 2015 Quarter

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DealPipelineTablesQ415Once again, Orrick has been ranked a Top Ten Bankruptcy Law Firm by The Deal Pipeline. These rankings are released on a quarterly basis, compiling comprehensive deal intelligence to identify the leading law, crisis management, investment, and non-investment firms and professionals involved in bankruptcy transactions throughout the United States. After cracking the top ten in Q1, Orrick remained among the top ten bankruptcy law firms in every quarter in 2015.

Orrick’s restructuring team enjoyed a busy year, including such recent highlights as representing the City of Stockton in its exit from bankruptcy and dismissal of an appeal filed by holdout creditor Franklin Templeton in the US Bankruptcy Appellate Panel of the Ninth Circuit; Tirreno Power on a complex corporate reorganization including the negotiation and drafting of a €1 billion debt restructuring agreement, which was awarded Restructuring Deal of the Year at the 2016 Legalcommunity Energy Awards; and IFM Investors Pty Ltd, on behalf of IFM Global Infrastructure Fund, in its $5.72 billion acquisition of 100% of the membership interests of ITR Concession Company, which operates and maintains the Indiana Toll Road – named M&A Deal of the Year by ​M&A Advisor.

To see the complete list of rankings, please click here.

M&A Advisor Names ITR Transaction Distressed M&A Deal of the Year at Annual Turnaround Awards

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M&A Advisor selected the restructuring of ITR Concession Company, operator of Indiana Toll Road, and its ensuing $5.725 billion sale to IFM Investors, as the Distressed M&A Deal of the Year (in the over $1 billion category) at its 10th Annual Turnaround Awards. A cross-practice Orrick team featuring Young Lee and Dan Mathews of the Energy & Inf​rastructure Group, King Milling and Tal Hacohen of the Corporate Group and Lorraine McGowen of the Restructuring Group advised on the matter. In November, a separate M&A Advisor judging committee also recognized this matter as its M&A Deal of the Year.

The M&A Advisor Turnaround Awards honor the accomplishments of the leading distressed investing, restructuring and turnaround firms and professionals.