White & Case Wins "Most Innovative US Law Firm in Europe" and Six More Awards from IFLR

2 min read

For the second straight year, White & Case was named the "Most Innovative US Law Firm in Europe" by International Financial Law Review (IFLR) at its IFLR European Awards ceremony. In the law magazine's announcement, IFLR described White & Case as a "top performer, winning the most innovative US firm in Europe award after a particularly strong showing."

White & Case also was named IFLR's "National Winner" in the Czech Republic. This is the third year in a row IFLR has honored the Prague office with its prestigious "Law Firm of the Year" award. 

The Firm's Financial Restructuring and Insolvency practice was named "Restructuring Team of the Year," chiefly for its representation of Kaupthing Bank hf. on its restructuring.

Finally, the Firm advised on three winning "Deals of the Year" at the IFLR awards:

High Yield Deal of the Year: ICBPI
White & Case advised the notes trustee, U.S. Bank Trustees Ltd., in a €1.1 billion euro bonds senior secured notes issue as well as the security agent, U.S. Bank Trustees Ltd., for the super-senior revolving credit facilities for enabling a private equity consortium to buy out Italian payment services bank Istituto Centrale delle Banche Popolari (ICBPI).

Loan Deal of the Year: ChemChina/Pirelli
White & Case advised the Pirelli Group on a consent solicitation on a €500 million series of notes due 2016, issued by Pirelli & C. S.p.A. and guaranteed by Pirelli Tyre S.p.A., and a €600 million series of notes due 2016, issued by Pirelli International plc and guaranteed by Pirelli Tyre S.p.A. The purpose of the consent solicitation was for noteholders to approve certain amendments to the terms and conditions of the notes that took into account changes to the Pirelli Group's shareholding structure in the context of ChemChina's investment in Pirelli.

Restructuring Deal of the Year: Kaupthing
White & Case advised Icelandic bank Kaupthing hf. on its restructuring, which became effective in December 2015 following the failure of Kaupthing Bank hf., which entered into Icelandic insolvency proceedings in 2008 with liabilities of more than US$45 billion and creditors in 100+ countries. It is one of the world's largest-ever bank insolvencies.