Clifford ChanceClifford Chance Bolsters Singapore Offering With Restructuring Partner
The firm has hired from Hogan Lovells as demand for insolvency expertise rises.
May 13, 2020 at 04:48 AM
2 minute read
Clifford Chance has hired a restructuring partner in Singapore.
Shaun Langhorne, who starts with the Magic Circle firm next week, joins from Hogan Lovells where he was a partner based in the city-state.
Langhorne specializes in cross-border restructuring matters and has advised both contentious and non-contentious situations across Southeast Asia. He represented Standard Chartered in restructuring a $1 billion loan to Indonesian miner PT Borneo Lumbung Energi & Metal.
Langhorne has been with Hogan Lovells since 2014 when he joined as a partner from Herbert Smith Freehills. He first joined legacy firm Herbert Smith in Hong Kong in 2009 and moved to Singapore three years later. Earlier in his career, he practiced in Australia with MinterEllison and Gadens.
Kai-Niklas Schneider, Clifford Chance's Singapore managing partner, said the firm is witnessing an increase in corporate distress and related activity across the region, and Langhorne's expertise will help the firm anticipate its clients' needs.
Demand for expertise in insolvency and bankruptcy is rising as markets head into recession. This week, International Monetary Fund head Kristalina Georgieva said the organization will very likely further lower global economic growth forecast as COVID-19 pandemic continue to damaging world's economies. In April, the international lender predicted that global economy will contract by 3% in 2020 as a result of the outbreak.
Global law firms including DLA Piper, K&L Gates, Latham & Watkins have made urgent restructuring hires in the U.K., Europe and the U.S in the past month; some firms are even moving corporate lawyers to handle restructuring mandates.
In November, Hogan Lovells hired Hong Kong-based restructuring partner Jonathan Leitch from DLA Piper. In addition, Hong Kong disputes partner Chris Dobby specializes in insolvency matters. In 2014, the firm lost former Asia restructuring head Neil McDonald and partner Damien Cole to Kirkland & Ellis.
|Related Stories:
Corporate Lawyers Jump to Restructuring as COVID-19 Mandates Mount
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
As Uncertainty Continues Over PGA Merger, LIV Golf Hires Entertainment Industry Veteran as Legal Chief
Ted Olson, Legal 'Titan' and Former US Solicitor General Who Argued Bush v. Gore, Dies
Law Firms Mentioned
Trending Stories
- 1Ed Sheeran Meets Led Zeppelin in the Second Circuit
- 2You Too Can Be a Programmer: How Generative AI Can Upskill Any E-Discovery Professional to Write Code
- 3Is Arbitration Working?
- 4New Battleground: Wall Street Law Firms Eye London Growth
- 5Standstill: Court Defers to Legislature on Texas Healthcare
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
