Mirjana Gray joined White & Case in June 2007 as a member of the Corporate Practice Group, while subsequently concentrating on insolvency and restructuring matters. Since October 2013, she has been responsible for the legal know-how of the Prague office. Prior to joining White & Case, Ms. Gray worked in the Prague office of Clifford Chance for 8 years, where she focused mainly on the restructuring of companies in post-merger or post-acquisition situations.
Ms. Gray has advised banks, strategic and financial investors and companies in various industry sectors on the practical and legal aspects of restructuring projects, including formal reorganizations under court protection and insolvency proceedings.
Ms. Gray has also worked with the European Commission, in particular, with the Directorate-General for Internal Market and Services in Banking and Financial Conglomerates Unit. Ms. Gray was involved in the work of the Insolvency Group of Experts that was established in the context of the European Commission's work on cross-border crisis management in the banking sector. The Insolvency Group of Experts (ILEG) consists of experts in the field of reorganization, resolution and insolvency law in the banking and financial sector, assisting the European Commission with respect to the preparatory work and development of EU legislation concerning early intervention and crisis management.
Ms. Gray has been involved in several major insolvency cases in Eastern Europe. In some such insolvency proceedings, complex financing arrangements were tested before the Czech courts for the first time, and the concepts of syndicated lending and security agents' rights were successfully defended for the first time in the Czech Republic.
Ms. Gray has advised domestic and international companies on all aspects of corporate law, particularly complex cross-border restructurings, mergers, squeeze-outs and corporate governance issues. Ms. Gray advised UNIPETROL, a.s., a major petrochemical group, on the complex restructuring of their subsidiaries in ten European countries, including the cross-border merger of a French company with a Czech company, as the acquiring company. This transaction was the first cross-border merger with a Czech company being the acquiring company. Ms. Gray has further been advising the Board of Directors of UNIPETROL, a.s. on various corporate governance issues related to the day-to-day operations of the UNIPETROL Group.
In the area of labor law, Ms. Gray has advised numerous Czech and international clients on all aspects of labor law (individual and collective). Most of her advice in this area has concerned the restructuring of companies in post-merger or post-acquisition situations, and the mandatory transfer of employees in the case of transfers of undertakings. She also gained extensive experience in advising clients with regard to management hiring and dismissals and collective dismissals.
Ms. Gray advised České Radiokomunikace, a.s., a major Czech telecommunications company, on corporate and labor law issues related to restructuring and dismissals, as well as on regulatory issues related to the digitalization of television broadcasting.
Representation of the secured creditors and the Security Agent in connection with insolvency proceedings against KORDÁRNA, a.s., SLOVKORD, akciová spoločnosť, Slovenský hodváb, a.s., KORDSERVICE SK, a.s. and KORDTRADE, s.r.o. In these insolvency proceedings, new concepts of Czech insolvency law – reorganization under court protection (similar to U.S. Chapter 11 Bankruptcy Restructuring) and insolvency proceedings of a cross-border group of companies – were applied by Czech courts for the first time.
Representation of the Security Agent in the insolvency proceedings against Oděvní Podnik, a.s., a very complex and controversial insolvency case closely followed by the media and the legal public.