Our corporate trust and loan agency attorneys have decades of experience navigating the most complex domestic and international defaults and bankruptcy situations.
Few firms can match the global breadth of Reed Smith's experience representing corporate trustees and financial institutions as agents in defaults, restructurings, workouts, bankruptcies and insolvencies involving securities issued by domestic and foreign corporations, municipalities, U.S. territories and foreign sovereigns.
Our team has a proven record of handling complex issues relating to rights offerings, exchange offers, waiver solicitations and supplemental and amended indentures in the context of restructuring defaulted securities in and outside of bankruptcy or other insolvency proceedings in the United States and abroad.
Armed with a broad knowledge of the corporate trust business and deep litigation experience, we work diligently to minimize risk, avoid litigation and produce the best possible outcomes in highly complex situations, including high-stakes defense of indenture trustees and loan agents. Our experience in corporate trust disputes extends to high-profile, multi-jurisdictional litigation in federal and state courts, including bankruptcy courts, involving such issues as alleged breach of contract; breach of post-default duties; interpretation of make-whole, prepayment, and SEC reporting covenants; application of equal and ratable clauses and safe harbor provisions; enforcement of intercreditor agreements; and receivership and mandamus actions.
Our U.S. team regularly works with our insolvency lawyers in the UK and Europe to provide integrated guidance on domestic and cross-border global transactions, defaults, restructurings and insolvencies involving U.S. Dollar denominated and foreign currency denominated securities.