Financial Restructuring and Insolvency


A recognized leader in financial restructuring and insolvency, White & Case guides clients through restructurings, workouts and insolvency matters worldwide.

We offer our clients a substantial and inter-connected team with "on the ground" resources in all key jurisdictions. We regularly represent multinational corporations in simultaneous proceedings in virtually every corner of the world. We have deep benches of US, European and UK practitioners, as well as strong support in Latin America, Africa and Asia-Pacific.

Our practice represents clients across all aspects of restructurings, workouts and insolvency matters, including both transactional and litigation matters. Our offering covers the full spectrum of the distressed continuum, advising clients on all aspects of corporate and financial restructurings through to Chapter 11 proceedings. When working on clients' complex restructuring and bankruptcy deals, we are able to draw on the expertise of lawyers from our other global practices, including M&A, Litigation, Bank Finance, Tax and Regulatory, and other practices.

We provide strategic advice on restructuring distressed businesses to maximize their value, as well as practical solutions that resolve disputes related to business failures to enable companies to continue operating and achieve the highest possible returns on their investments. When litigation becomes necessary, our lawyers put into motion strategies and remedies to obtain the greatest recoveries on claims.


Broad practice and industry expertise

Lawyers from our M&A, Litigation, Debt Finance, Tax, Regulatory, and other practices are available to support your restructuring and insolvency matters.

In addition, our many decades of restructuring and bankruptcy experience spans a wide range of sectors, including:

  • Automotive
  • Aviation
  • Cryptocurrency & Blockchain
  • Entertainment
  • Financial services
  • Maritime & shipping
  • Mining & metals
  • Oil & gas
  • Pharmaceuticals & healthcare
  • Power
  • Publishing
  • Real estate
  • Retail & consumer
  • Sports
  • Sovereigns
  • Technology
  • Telecommunications


Unmatched problem-solving and strategic thinking

A long track record of advising – and working across from – debtors, creditors and distressed investors across all aspects of the capital structure in various situations means we have a deep understanding of how different stakeholders operate.

Armed with this knowledge, our teams of senior lawyers negotiate, implement and deliver innovative solutions to obtain the best outcomes for our clients, representing them with passion and tenacity. We have built a reputation for being aggressive and creative on behalf of our diverse clients across the board, not waiting for others to act, but forcing others to react to what we are doing for our clients.


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Ranked in the top 5 globally for cross-border restructurings and insolvencies
Global Restructuring Review (GRR) 2022

Restructuring of the Year in relation to the Hertz restructuring
The Deal 2022

Mega Company Turnaround/Transaction of the year in relation to the Hertz restructuring
Turnaround Management Association (TMA) Awards 2022

Bankruptcy & Restructuring (The Elite), Band 2, Chambers USA, 2022
Bankruptcy & Restructuring, South Florida, Band 1, Chambers USA, 2022
Restructuring & Insolvency, United Kingdom, Band 2, Chambers UK, 2022
Financial Restructuring and Insolvency, France, Band 1, Chambers Europe, 2022
Financial Restructuring and Insolvency, Germany, Band 1, Chambers Europe, 2022
Chambers, 2022

Restructuring (Including Bankruptcy), United States, Tier 1, Legal 500 USA, 2022
Financial Restructuring and Insolvency, Germany, Tier 1, Legal 500 EMEA, 2022
Financial Restructuring and Insolvency, France, Tier 1, Legal 500 EMEA, 2022
Financial Restructuring and Insolvency, Belgium, Tier 1, Legal 500 EMEA, 2022
Financial Restructuring and Insolvency, Turkey, Tier 1, Legal 500 EMEA, 2022
Legal 500, 2022

Restructuring Deal of the Year: Hertz Restructuring, IFLR Americas Awards, 2022
Debt and Equity-linked Deal of the Year in relation to the Ecuador debt restructuring, IFLR Americas Awards, 2021
Loans Deal of the Year in relation to the LATAM Airlines DIP financing, IFLR Americas Awards, 2021
Restructuring Deal of the Year in relation to the Constellation Oil Services restructuring, IFLR Americas Awards, 2020

Restructuring Team of the Year
The British Legal Awards 2021

International Company Turnaround/Transaction of the Year in relation to the Swissport restructuring
Turnaround Management Association (TMA) Awards 2021

Consumer Deal of the Year in relation to the sale of Le Pain Quotidien USA to Aurify Brands
Cross-border Restructuring of the Year in relation to the GNC restructuring
The M&A Advisor 2021



"They demonstrated clear expertise and took the time to ensure the client fully understood what was being explained. They are excellent."
Chambers UK, 2022

"Very knowledgeable, innovative in their approach and quick to think on their feet. They are available on short notice, have a collaborative approach with the wider adviser group and work well as one team."
Legal 500 UK, 2022

"The restructuring team is a powerful franchise of leading attorneys for all types of assignments and desired approaches."
Chambers USA Nationwide, 2022

"I've never interacted with a more commercially thoughtful and creative group of restructuring lawyers."
Chambers New York, 2022

"The team is very strong and their bench is deep. They're hands down the best for complicated US restructurings or cross-border bankruptcies."
Chambers South Florida, 2022

"White & Case LLP is the go-to team for unique, specialized situations. They are highly strategic, commercial and deal-oriented when it comes to negotiating the restructurings."
Chambers South Florida, 2022

"White & Case's restructuring lawyers are incredibly thoughtful, commercial and creative. They know how to execute on ideas that others don't even dream of."
Client quoted in Legal 500 USA, 2022