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.


View all lawyers in Financial Restructuring and Insolvency



Restructuring Deal of the Year in relation to hsh portfoliomanagement AöR and HSH Nordbank AG
Marine Money Awards 2023

Restructuring of the Year in relation to the Seadrill restructuring
The M&A Advisor 17th Annual Turnaround Awards 2023

Corporate Restructuring Deal of the Year ($5-$10 billion) in relation to the Cell C recapitalization
Bonds, Loans & ESG Capital Markets Africa Awards 2023

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

Restructuring Deal of the Year in relation to the Hertz restructuring
IFLR Americas Awards 2022

Cross-border Deal of the Year in relation to the Cell C restructuring and recapitalization
China Business Law Journal 2022

Debt and Equity-linked Deal of the Year in relation to the Ecuador debt restructuring
Loans Deal of the Year in relation to the LATAM Airlines DIP financing
IFLR Americas Awards 2021

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

Restructuring Deal of the Year in relation to the Constellation Oil Services restructuring
IFLR Americas Awards 2020



Restructuring/Insolvency, Global: Multi-Jurisdictional, Band 2
Bankruptcy/Restructuring: The Elite, USA-Nationwide, Band 2
Bankruptcy/Restructuring: The Elite, New York, Band 2
Restructuring/Insolvency, Europe-wide, Band 2
Restructuring/Insolvency, France, Band 1
Restructuring/Insolvency: Administration, Germany, Band 1
Restructuring/Insolvency, Czech Republic, Band 2
Bankruptcy/Restructuring, Florida: South, Band 1
Chambers 2022, 2023

Restructuring (including Bankruptcy): Corporate, USA, Tier 1
Insolvency & Restructuring, Belgium, Tier 1
Insolvency, France, Tier 1
Restructuring & Insolvency: Insolvency, Germany, Tier 1
Restructuring & Insolvency, Turkey, Tier 1
Corporate Restructuring & Insolvency, UK, Tier 2
The Legal 500 US and EMEA guide 2022, 2023



"The team at White & Case has very broad experience of the English law and US law aspects of the restructuring process as well as other jurisdictions involved in the process."
"This is the firm which is first on my calling list when I have restructuring deals. They are particularly good at complex deals."
Chambers Global, Restructuring/Insolvency 2023

"The restructuring team is a powerful franchise of leading attorneys for all types of assignments and desired approaches."
Chambers USA, Bankruptcy/Restructuring: The Elite 2023

"The team is very strong and their bench is deep. They're hands down the best for complicated US restructurings or cross-border bankruptcies."
"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 USA, Bankruptcy/Restructuring 2023

"This is the firm which is first on my calling list when I have restructuring deals. White & Case is particularly good at complex deals."
"They quickly and succinctly understand the sort of outcome we desire and work relentlessly for us to get there."
Chambers Europe, Restructuring/Insolvency 2023

"White & Case possesses an accomplished team that continues to attract instructions on high-profile cross-border matters… The firm offers enviable transatlantic strength working closely with its US counterparts."
Chambers UK, Restructuring/Insolvency 2023

"White & Case LLP punches above its weight and picks up more than its fair share of complex financial restructurings for creditors and debtors. This is in part due to its ability to leverage its strong US capabilities, as well as to effectively draw on expertise in complementary practice areas including banking, capital markets and project finance, and subject matter knowledge in firmwide sectoral areas of strength."
The Legal 500 UK 2023