Ian Wallace | White & Case LLP International Law Firm, Global Law Practice
Ian Wallace
Ian Wallace

Ian Wallace

Partner, London

“Impressive work for both creditor and debtor clients…very good at stepping back from the problem and getting you to the solution”

Chambers UK 2014


Ian is a partner in the Firm's Financial Restructuring and Insolvency group in London, with more than 12 years of experience of advising clients in complex international restructuring situations. His practice focuses on businesses in financial difficulty, advising debtor-side corporates and financial sponsors as well as a wide range of sophisticated creditors including banks, funds and noteholders.

In addition, he regularly advises directors, insolvency practitioners and other stakeholders on UK and international aspects of debt restructuring transactions.

Ian joined White & Case in August 2015 from a magic circle law firm.

Bars and Courts

  • England and Wales


  • BA, University of Nottingham


  • English


Enterprise plc

Ian advised 3i on the debt restructuring of the Enterprise plc services business, and its eventual disposal to Ferrovial for £385m. The transaction was notably due to the complex debt structure of the Enterprise group and the need to implement a restructuring by way of an innovative debt transfer arrangement in collaboration with the group's lenders comprised primarily of distressed debt funds.*


Ian advised UK music publishing/recording company EMI on its distressed sale to Citibank by way of English administration process. This remains the largest ever pre-packaged administration sale, and proved to be both high profile and highly contentious. The transaction called for sensitive discussions with the directors of EMI and extremely robust analysis as to the appropriate interpretation of the group's financing documentation, in order to ensure that the sale would survive rigorous scrutiny in front of the English court.*

Klöckner Pentaplast

Ian advised international plastics manufacturer Klöckner Pentaplast on a complex debt restructuring and eventual acquisition by SVP Global. The transaction was implemented in the face of considerable pressure from competing creditor groups, and required robust advice to the company and its directors as to their legal duties and responsibilities across multiple jurisdictions.*

Southern Cross care homes group

Ian advised Capita as servicer for the noteholders to NHP, the largest landlord of the Southern Cross care homes group. This involved advice in connection with the break-up of the Southern Cross group, and the subsequent restructuring and disposal of the NHP care homes group itself. The transaction required delicate management in light of the political and regulatory sensitivities surrounding Southern Cross and the care homes sector generally.*

Excel Maritime

Ian represented a syndicate of banks and funds on the restructuring of international dry bulk shipping business Excel Maritime, including debt-for-equity swap negotiations and the eventual implementation of a restructuring via chapter 11. Ian has also been involved in multiple other transactions in the maritime sector, including advising shipping companies on their negotiations with financial creditors, and advising funds on their acquisition of shipping loan portfolios from traditional shipping lenders.*

*Matters worked on prior to joining White & Case

Speaking Engagements

"Restructuring, Recapitalisation and Bank Loan Trading", February 2014: Marine Money conference, Hamburg, (panelist)

"Conflicts of Interest in Insolvency Scenarios for IPs and Lawyers", March 2014: Sweet & Maxwell Insolvency Law conference, London, (panelist)

"Charting a course. Financial restructuring and consolidation in the shipping industry", January 2015: Marine Money conference, London

"The Winds of Change: Restructuring under the UK vs the US Models", May 2015: R3 Annual Conference, Berlin, (panelist)