Linklaters, Bingham McCutchen and Clifford Chance (CC) have taken lead roles on one of Europe's biggest restructuring deals this year – the €875m (£593m) debt restructuring of brake manufacturer TMD Friction.

The restructuring, which completed earlier this month (10 November), began in the spring.

Linklaters advised TMD, deploying lawyers from nine jurisdictions, including Germany, France and the US. Global head of restruc-turing Robert Elliott led the team alongside London restructuring partner Bruce Bell and German partner Jochen Laufersweiler.