Joe Bannister

Representative experience

African Export-Import Bank on the restructuring of Smile Telecoms through a restructuring plan under part 26A Companies Act 2006, the first plan proposed in relation to a pan African corporate group.

Norwegian Air Shuttle ASA in connection with its cross-border financial restructuring including the restructuring of its leases, provision of additional funding and management of its UK operations.

A major motor manufacturer as a creditor of various distressed suppliers; the Liberty and Amtek Groups, JVM Castings, Collins & Aikman, Visteon Group Schefenacker and others.

A major international bank on the workout and recovery of a US$3.5 billion facility owed by an international energy and steel group in Hong Kong, Singapore, London and India.

Hotter Shoes on the formulation and implementation of a company voluntary arrangement and the administrators in a number of prepackaged retail situations.

The pension fund trustees of Nortel Networks UK Ltd. in their claims for financial support directions in the UK, U.S., EMEA, and Canada.

Ataer Holdings, the Turkish military pension fund, one of the bidders to the British Steel Group on the purchase of the group, including negotiations with Government in relation to possible support.

Bankruptcy proofing and contingency planning advice on numerous structured finance transactions, including clearing house arrangements and securitisation structures across various industries.

The Icelandic Government in relation to the Icelandic financial crisis including on the reorganizations of Iceland’s three principal banks.

UK counsel to the provisional liquidators of Kaupthing Singer & Friedlander (Isle of Man) Limited advising on a proposed Isle of Man scheme of arrangement

A creditor on the protection of its rights in relation to the LDK Solar group schemes of arrangement, in both Hong Kong and Cayman.

Acting for a major Asian and international bank in investigation and recovery proceedings relating to the Hong Kong and BVI assets of a high profile Taiwanese national.

Acting for a major Asian international bank in relation to its exposures both to an Indonesian mining group and the Essar Group, at the time the largest single exposure of that bank.

UK counsel to the Official Committee (the "Committee") of Asbestos Creditors in the formulation of company voluntary arrangements ("CVAs") for Turner & Newall Limited) ("T&N") and its subsidiaries.

Various financial creditors on its position as counterparty to Lehman Brothers' entities.