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Dechert to add financial restructuring partner in London

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Global law firm Dechert is expanding its global financial restructuring group with the addition of partner Kay Morley in its London office. 

Morley will be the group’s second significant hire in London this year following the announcement of partner Adam Plainer as global co-chair of Dechert’s financial restructuring group in March 2021.
Morley advises clients on all aspects of insolvency and corporate restructuring with a particular focus on European special situations and complex cross-border restructurings. She counsels hedge funds and other distressed investors on the acquisition of loan portfolios and the implementation of “loan to own” strategies. Morley also regularly represents debtors in distress and private equity portfolio companies and advises insolvency practitioners on domestic and offshore situations.
Adam Plainer, co-chair of Dechert’s global financial restructuring practice says: “Kay is an extremely talented and well regarded practitioner and I am delighted she is joining our growing team. Restructuring is a key practice area for Dechert, and we will be continuing to expand in Europe and beyond.”
Allan Brilliant, co-chair of Dechert’s global financial restructuring practice, adds: “With Kay’s significant insolvency and corporate restructuring experience, she will enhance and augment our team’s core strengths as well as our client offering throughout Europe.”
Dechert’s financial restructuring practice is recognised globally for handling high-profile cross-border restructuring and insolvency matters, innovative deal structuring and achieving court victories across jurisdictions. Recent highlight matters include advising the Official Committee of Unsecured Creditors of Chile-based LATAM Airlines in its Chapter 11 proceedings, securing a major victory when the bankruptcy court refused to approve an insider financing deal which would have resulted in millions of dollars in value going to shareholders rather than creditors, and advising bondholders in connection with the Irish Bank Resolution Corp.’s USD2 billion Chapter 15 proceedings. Dechert successfully advised the funds managed by Franklin Templeton Investment Management Limited, as creditor, in connection with the high-profile challenge to the restructuring of USD500 million of notes (Eurobonds) issued by the International Bank of Azerbaijan. The firm recently advised an ad hoc group of bondholders on the proposed debt restructuring of YPF SA, the Argentinian national oil and gas company, which led to a beneficial outcome for all noteholders and avoided a default on the 2021 Notes. Dechert is also advising the ad hoc group of holders of notes issued by DTEK Energy in the restructuring of USD2 billion of obligations.
Dechert is recognised by Global Restructuring Review, Chambers and The Legal 500 as having one of the leading restructuring groups in the world, and specific mandates have recently earned awards from The American Lawyer, IFLR Americas Awards and M&A Advisor.

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