Deals & Cases
Nyrstar announced its successful financial restructuring
Nyrstar announced its successful financial restructuring. Walder Wyss acted as Swiss Counsel for the crossholder ad hoc group of noteholders (representing in excess of 70 percent of holders of Nyrstar’s EUR 340 million 8.5% 2019 notes, EUR 500 million 6.875% 2024 notes and EUR 115 million 5% convertible 2022 notes) (Ad-Hoc Group) in Nyrstar’s financial restructuring.
The Walder Wyss team included Dominik Hohler (Transaction / Restructuring, Counsel), Johannes A. Bürgi (Transaction / Finance, Partner), Christoph Stäubli (Transaction / Restructuring, Senior Counsel), Dieter Hofmann (Litigation / Arbitration, Partner) and Christian Lütolf (Transaction / M&A, Associate).
Newsletter Special Edition: Switzerland: Good News on Cross-Border Insolvencies
Walder Wyss advises Toys‘R’Us AG, Switzerland, on the sale of its stores
Walder Wyss was acting as Swiss Counsel to Toys‘R’Us Switzerland AG on the sale of its stores as part of the DACH-region business to Irish-British toy retailer Smyths in the course of the US toy retail chain Toys‘R’Us' voluntary Chapter 11 proceeding involving substantial financial restructurings. The transaction volume was not disclosed.
The Walder Wyss team included Christoph Stäubli (Corporate/Restructuring, Lead Counsel), Thomas Meister (Tax, Partner), Dominik Hohler (Corporate/Restructuring, Counsel) und Janine Corti (Tax, Counsel).
Walder Wyss advised the ad hoc Committee of Holders of Senior Secured Notes
WW advised the ad hoc Committee of Holders of Senior Secured Notes issued by Roust Corporation when the company filed for petitions for relief under Chapter 11 on December 30, 2016
The Walder Wyss team included Christoph Stäubli (Corporate/Restructuring, Lead Counsel), Dominik Hohler (Corporate/Restructuring, Counsel) and Nico Bernhard (Corporate/Restructuring, Attorney at Law).
Walder Wyss advised Note Holders ad hoc Committee/Lenders in Pacific Exploration
WW advised Note Holders ad hoc Committee/Lenders in Pacific Exploration and Production Corp when the company filed for bankruptcy protection in April 27, 2016
Walder Wyss advised HCH Helicopter Group after filing for US Chapter 11
Walder Wyss advised CHC Helicopter Group after CHC Group and certain of its wholly-owned subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code on 5 May 2016.
Walder Wyss advises the ad hoc Committee of Holders of Senior Bonds issued by Petroplus Finance Limited
Walder Wyss advised as Swiss Counsel the ad hoc Committee of Holders of Senior Bonds issued by Petroplus Finance Limited when its group affiliates Petroplus Marketing AG and Petroplus Holding AG filed for a moratorium in Zug, Switzerland, on January 27, 2012.
Key Equipment Finance to sell leasing business to BAML
On the basis of master transfer agreements dated 6 May 2014 between, inter alios, the Key Equipment Finance (Schweiz) AG in Liquidation, Bank of America Merrill Lynch International Limited and the BAL Global Finance (UK) Limited, a framework was established under which Key Equipment Finance Group agreed to sells its leasing portfolios to BAML. The Swiss portfolio has been transferred under various transfer agreements from Key Equipment Finance (Schweiz) AG in Liquidation to BAL Global Finance (UK) Limited. Following the closing of the transaction, Key Equipment Finance (Schweiz) AG in Liquidation will be dissolved with liquidation.
Walder Wyss AG has advised Key Equipment Finance Group with respect to all Swiss legal aspects of the transaction. The Walder Wyss team was composed of Markus Vischer (Partner, Corporate/M&A), Lucas Hänni (Counsel, Corporate/M&A) und Davide Giampaolo (Trainee, Corporate).