Big Plans For Europe's Insolvencies

BOSTON (HedgeWorld.com)--Brown Rudnick Berlack Israels LLP, an international law firm that does a lot of work for alternative investment interests, announced Tuesday the appointment of new partner Peter J.M. Declercq to the bankruptcy and finance department in its London office.

Until Dec. 12, Mr. Declercq was a partner at Akin Gump Strauss Hauer & Feld LLP, in that firm's insolvency group.

"I am delighted to join Brown Rudnick's insolvency team, which is recognized as one of the best in the United States," Mr. Declercq said in a statement. "The firm is on an aggressive growth path and is gaining significant momentum in the European market."

Mr. Declercq said also that his job will be to leverage Brown Rudnick's expertise into a successful pan-European practice, resident in London.

Mr. Declercq is a member of the Amsterdam and New York bar associations, and a registered European lawyer entitled to practice in the United Kingdom. He has been involved in restructurings in Belgium, Norway, Luxembourg, Sweden, Germany, Italy, Switzerland and France, as well as in the U.K. and the Netherlands.

In the U.S., Brown Rudnick has represented many official and ad hoc committees, general unsecured creditors, equity holders, and other parties in some of the largest and most complicated Chapter 11 cases and related out-of-court proceedings. For example, it has:

  • Represented D.E. Shaw Laminar Portfolios--a member of the official committee of unsecured creditors and a holder of more than US$47 million of certain senior subordinated notes--in the Pegasus Satellite Television Chapter 11 bankruptcy cases.
  • Represented the official committee of unsecured creditors in the Global Crossing cases, which resulted in the sale of 62% of the company's equity and the restructuring of approximately US$12 billion in aggregate liabilities.
  • Represented High River LP, an entity controlled by Carl Icahn, in the XO Communications Chapter 11 cases.

In July 2005, Brown Rudnick added Kieran O'Connor, Matthew Sillett, and Adrian Yeandle to its London corporate group. It opened its London office in 1997 and its Dublin office in 2002.

Contact Bob Keane with questions or comments at bkeane@investmentadvisor.com.

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