Mark Glengarry is a partner in the Firm's Banking & Capital Markets group in London and specialises in financial restructurings and insolvency. Mark works across the restructuring spectrum and has acted for creditors, debtors, distressed investors, trustees under defaulting bond issues and insolvency practitioners. Mark also undertakes general bank and special situations lending and distressed acquisition work.

Mark has been involved in some of the most innovative restructurings in Europe since the onset of the global financial crisis. Mark's work has also gained him independent recognition in the legal community through The Lawyer naming him in its "The Hot 100 2011" list, which includes the top 100 lawyers in the United Kingdom. In Chambers UK (2012) he was lauded as a "very imaginative lawyer" with a "commercial approach to problem solving” as well as being "a tough negotiator" and "the catalyst that can make things happen". Mark is also listed as a highly recommended FRI practitioner in Chambers Europe (2011) and PLC Which Lawyer? (2011).

In 2010 Mark worked on some of the biggest restructurings in the market. This has included working on the highly complex €1.8 billion restructuring of Wind Hellas and the US$1 billion restructuring of Almatis.

Prior highlight work has included assisting in drafting Kazakhstan's banking restructuring law, which enabled BTA and Alliance banks to restructure in excess of US$20 billion of liabilities and which has been acknowledged as the first "bail-in" restructuring of a financial sector. These restructuring were independently recognized by the courts in both New York and London. This work won the 'Legal Innovation in Financial Services' award in the 2009 Financial Times Innovative Lawyers Awards.

Mark also led the team on Wind Hellas' 2009 restructuring, which involved the largest prepackaged administration in UK legal history and was awarded 'standout' transaction in the 'Legal Innovation in Financial Services' category at the 2010 Financial Times Innovative Lawyers Awards as well as being awarded 'Europe Deal of the Year' at the Telecom Finance Awards 2009.

Representative transactions include:

• Acting for a coordinating committee of banks on the AED 2.8 billion financial restructuring of Tabreed, an Abu Dhabi-based district cooling company with operations across the Middle East;
• Acted for Wind Hellas in its 2010 €1.8 billion restructuring which involved a English scheme of arrangement, pre-packaged administration sale and Chapter 15 recognition in the United States;
• Acted for GSO Capital Partners LLP, as lead investor, in the exit financing and restructuring of the US$1 billion debt of the world's largest alumina company Almatis;
• Acted for Wilmington Trust F.S.B. on the cross-border debt restructuring of the Gallery Media group;
• Acted for Weather Investments S.p.A. in relation to the €3.3 billion financial restructuring and sale of Wind Hellas;
• Acted for BTA and Alliance Banks in relation to their financial restructuring;
• Acted for the senior steering committee of lenders to Alcontrol in relation to the financial restructuring of its senior, second lien and PIK debt and consensual sale of the group to its senior lenders;
• Acted for the senior steering committee of lenders to the JVH Gaming Group which involved the first out-of-court share pledge enforcement in the Netherlands;
• Acting for KPMG as the administrators of the mortgage origination business, the Edeus Group;
• Acted for Deutsche Bank AG and ABN AMRO N.V. as arrangers and underwriters of €375 million and US$330 million syndicated senior term loan and revolving facilities provided to Corporate Express. N.V.;
• Acting for Holmes Place Holdings Limited with respect to the dissolution of its US Joint Venture with Bally Total Fitness Corporation and thesale of its European subsidiaries;
• Acting for the directors of Metronet BCV Limited and Metronet SSL Limited;
• Acting for aircraft finance parties in the Northwest Airlines and Delta Airlines Chapter 11 bankruptcy cases;
• Advising Cordiant Group plc during its financial restructuring and subsequent sale to WPP; and
• Acting for Barclays Capital, Citigroup, CSFB, BNP Paribas, Deutsche Bank and The Royal Bank of Scotland as mandated lead arrangers in connection with the £1.8 billion refinancing of Telewest.

Bars and Courts
England and Wales, 2004
New Zealand, 2000

Education
BCom, Economics and Business Administration, University of Canterbury, 1998
LLB, University of Canterbury, First Class Honors, 1998

Publications
Co-author, "WIND Hellas: A complex restructuring in a global recession," Practical Law Company Journal, February 2011
Co-author, "The Inter-Creditor Debate: Six Months On," International Corporate Rescue, July 2010

Languages
English

Citizenship
New Zealand