Dr. Viktor Braun
Viktor's is an associate in the Firm's Banking group in New York and focuses on financial restructurings and insolvency.
Viktor's experience includes advising international banks, corporations, security trustees, agents and administrators on cross-border insolvencies, financial and corporate restructurings and administrations
Prior to joining White & Case Viktor worked in the London office of a leading international law firm and at a turnaround consultancy in Germany.
Advised a group of key lenders on the USD 1.4 bn restructuring of Torm A/S, a Danish shipping company, by way of a scheme of arrangement. The restructuring involved a mandatory write-down of debt in return for warrants, an optional exchange of debt into shares, an asset contribution by Oaktree (in exchange for the majority of shares in TORM) and the provision of a new working capital facility.
Advised the Bank of New York Mellon as note trustee and principal paying agent in connection with the restructuring of senior notes issued by DTEK, a Ukranian energy group The overall transaction encompassed three distinct English schemes of arrangements from early 2015 to late 2016.
Advised mining company New World Resources on its comprehensive, cross-border balance sheet restructuring (including a UK Scheme of Arrangement, a Rights Issue and a Placing on the London, Warsaw and Prague Stock Exchanges), which won "2014 Industrial Goods and Basic Resources Deal of the Year" at M&A Advisor's Turnaround Awards.
Advised syndicate of senior lenders on the restructuring of the indebtedness of the Polish-headquartered logistics group CTL.
Advised Wilmington Trust as administrative agent as part of the restructuring of a US$800 million PIK Loan issued by a subsidiary of the Algeco Scotsman group by way of a scheme of arrangement.
Represented agent of senior lenders holding over $500 million of secured loans in attempted out-of-court restructuring and chapter 11 proceedings of Primorsk International Shipping Limited.
Global Garden Products Scheme – Focus on Detailed Disclosure, White & Case LLP Client Alert, August 2016 (co-author)
DTEK scheme sanctioned on the basis of a change of governing law of New York law bonds, White & Case LLP Client Alert, May 2015 (co-author)