Stephen Phillips is a partner in the Financial Restructuring & Insolvency team in the Firm's Banking & Capital Markets Group. Stephen has extensive experience in advising banks, bondholders and corporate groups on restructuring, corporate and banking matters.

Stephen is named as a highly recommended lawyer in corporate restructuring and insolvency by Legal Experts (2011) and regularly speaks at conferences and seminars in the UK and across Europe. He has published several articles in leading business sector titles and is regularly quoted in national and sector press. Stephen is also an active member of The Association of Business Recovery Professionals (R3) in the UK and of INSOL International – the worldwide association for accountants and lawyers who focus on turnaround and insolvency.

Selected Experience

• Advising the junior committee of bondholders who hold a significant amount of lower tier two bonds in government-owned, Bank of Ireland, one of Ireland's leading banks;
• Advising the Steering Committee of lenders in the restructuring of the debt of a holding company of one of the leading Kazakh banks, which completed in December 2011;
• Advising the special servicer of a EUR 250 million CMBS German real estate loan following the occurrence of default;
• Advising an international lender to a distressed Kazakh oil explorer (ongoing);
• Advising Nexgen Capital and Spinnaker in the proposed restructuring of a Russian supermarket chain;
• Advising the Steering Committee of Lenders on the restructuring of a US$3 billion loan to a holding company of Bawag PSK, one of Austria’s leading banks;
• Advising Oy Sanitec (a leading European bathroom porcelain manufacturer) on the restructuring of its EUR 880 million senior facility and EUR 135 million second lien facility;
• Advising Nordic Capital on the restructuring of Thule, the car box company;
• Advising the committee of mezzanine lenders to Treofan, a German packaging company in a debt equity swap which enabled the mezzanine lenders to take control of the Treofan group;
• Advising UPM, a leading Nordic paper manufacturer, in relation to their intended purchase of the Myllykoski and Rhein Papier Group;
• Advising a leading US investment bank on the purchase of a car dealership in Russia;
• Advising a leading UK investment bank on its EUR 800 million exposure to a German property company;
• Advising Basis Pac Rim, a leading Australian hedge fund on its restructuring following the onset of the 2007/8 global financial crisis; and
• Advising the bondholders committee in the restructuring of the bonds of British Energy plc, the leading UK nuclear electricity producer.

Bars and Courts
England and Wales, 1997

Education
LPC, College of Law, York, 1994
CPE, (Merit), Birmingham University, 1993
1st Class (Hons) Economic and Social History, Bristol University, 1992

Publications
Co-Author of "The Benefits of UK-style Pre-packs and Comparisons with other Jurisdictions," International Corporate Rescue (Volume 7, Issue 5)
Co-author of "A New Lease of Life," The Treasurer, February 2011
Co-author of "European Directories: Court of Appeal Adopts a Purposive Approach," Pratt's Journal of Bankruptcy Law, February 2011
Author of "Scaling the Maturity Cliff with Distressed M&A," Acquisitions Monthly, October 2010
Author of "Special Situations Lending – An Antidote to the Credit Crunch Blues?" Euromoney Emerging Markets Handbook 2008/9
Author of "The Beginning of Interesting Times," Acquisitions Monthly, October 2008
Author of "What is Next for High Yield Bonds?" Credit Magazine, January 2008
Author of "Shareholder Rights in UK Public Company Restructurings – the Case of British Energy plc," International Corporate Rescue (Volume 3, Issue 1)

Languages
English

Citizenship
British