The American Lawyer magazine honored White & Case with its Grand Prize for Global Finance Deal of the Year at its Global Legal Awards ceremony on September 26. The American Lawyer has described the winning deal, the restructuring of Icelandic bank Kaupthing Bank hf, as "one of the largest and most dramatic financial restructurings in history."
"White & Case has been representing Kaupthing as international restructuring legal counsel since 2011, and completing the restructuring represents the culmination of years of working with our client on this highly sophisticated transaction," said White & Case partner Christian Pilkington (London), lead lawyer on the transaction. "It demonstrates the very best of White & Case, helping a client navigate the significant complexities of a large, cross-border transaction that involved English law, New York law and a multitude of different local laws, as well as the competing interests of stakeholders, to achieve a successful outcome."
The Grand Prize capped an amazing Global Legal Awards run for White & Case in 2016. In July, the Firm took home six awards—more than any other firm—of those announced ahead of the Grand Prizes.