Global law firm White & Case LLP has advised a consortium of French and international investors on the global reorganization between Arc Holdings, its shareholder, bondholders and public authorities.
On August 14, 2020, the Lille-Metropole Commercial Court approved a conciliation agreement providing for a new loan of €108 million granted by the French state, the Hauts-de-France region and the Communauté d'agglomération du Pays de Saint-Omer to the Arc Group, a leading French manufacturer of tableware and glassware, which has been weakened by the coronavirus crisis. The agreement is accompanied by the establishment of a distribution partnership and a long term license agreement with Arc Group’s Russian production subsidiary.
This agreement was negotiated under the supervision of the CIRI (Comité Interministériel de Restructuration Industrielle).
The White & Case team in Paris which advised on the transaction was led by partners Saam Golshani and Alexis Hojabr (Paris) and included partners Alexandre Ippolito, Clara Hainsdorf (both Paris) and Andrei Dontsov (Moscow), and associates Alexandre Balat, Alice Léonard, Margaux de Lembeye, Claire Sardet (all Paris) and Jiutuo Sun (Moscow).
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