Founded in 2024, Force 10 is co-led by Denis Meyer, who specialises in advising debtors, and litigation expert Emma Sigaudes, whose recent workload extends to advice on trust assets and security interests.
Insolvency in France
Force 10
Principaux dossiers
King & Spalding LLP
King & Spalding LLP‘s restructuring and insolvency practice is led by Laurent Assaya, who joined from Vivien & Associés in February 2025. The team’s portfolio includes advice on rescue financings, distressed M&A, enforcement topics and in-court restructurings.
Principaux dossiers
PDGB
Led by Olivier Debeine, PDGB demonstrates proficiency in the restructuring of financial debt, distressed M&A and advice on amicable proceedings under the supervision of a court-appointed insolvency practitioner.
Principaux dossiers
Reed Smith
Marie Crumière joined Reed Smith in February 2025 to head the firm’s restructuring and insolvency department. The team handles a busy workload, including distressed financing transactions and insolvency-related litigation.
Principaux dossiers
De Pardieu Brocas Maffei
Closely collaborating with experts from departments such as employment, corporate or finance, De Pardieu Brocas Maffei is equipped to advise distressed companies, shareholders and creditors, with the team’s varied portfolio encompassing reorganisation plans, support with the acquisition of companies that have filed for bankruptcy, and proceedings with governmental bodies such as CIRI, ACPR or AMF. The team is jointly steered by Philippe Dubois
, a port of call for both litigation and arbitration matters, and Joanna Gumpelson
, whose specialisms include advising debtors on failing LBOs. Another experienced litigator, Ségolène Coiffet is particularly active in the banking, transportation and retail segments, while Clément Maillot-Bouvier is recommended for the full spectrum of debt restructuring and distressed transactions.
Responsables de la pratique:
Philippe Dubois; Joanna Gumpelson
Autres avocats clés:
Ségolène Coiffet; Clément Maillot-Bouvier; Guillaume Petit
Les références
‘We appreciated that the team worked closely with the banking and financing teams, enabling a comprehensive service offering.’
‘Good knowledge of industry stakeholders, very good knowledge of the real estate sector.’
‘The team’s strengths are the concentration of different areas of expertise within a single firm, and their availability.’
‘The firm’s advantage lies in its ability to mobilise real estate expertise, with a genuine in-depth knowledge of the real estate market, whether in investment, financing, or restructuring.’
‘Joanna Gumpelson is the best restructuring lawyer on the market, and particularly in real estate cases.’
‘Appropriate interventions, balanced negotiations, support.’
‘Excellent availability, outstanding negotiators, excellent legal experts, highly responsive and very efficient.’
‘Ségolène Coiffet is a great negotiator with the ability to unite people.’
Principaux clients
ALTICE
BARCLAYS
BNP PARIBAS
CHEYNE CAPITAL
DAMARTEX
EIB
EIFFEL
FARALLON
GOLDMAN SACHS
GROUPE CREDIT AGRICOLE (CA CIB, LCL, CAISSES REGIONALES)
GROUPE CREDIT MUTUEL ALLIANCE FEDERALE (CIC, BECM)
GROUPE BPCE (NATIXIS, BRED, PALATINE, CAISSES D’EPARGNE et BANQUE POPULAIRE)
GROUPE SEA INVEST
JP MORGAN
KARTESIA
MARIE BRIZARD WINE & SPIRITS
METABOLIC EXPLORER
OAKTREE
PIERRE & VACANCES – CENTER PARCS
RENAULT
SIENNA AM
SOCIETE GENERALE
TDR CAPITAL
TIKEHAU
Principaux dossiers
- Advised the Altice France group on the negotiation and implementation of the restructuring of its financial debt of around €24bn.
- Advising TDR, controlling shareholder of Napaqaro, on the negotiation and the implementation of the financial restructuring of Buffalo Grill as part of a court-approved conciliation agreement, and on the sale of certain Courtepaille restaurants as part of rehabilitation proceedings (procédure de redressement judiciaire), converted into liquidation proceedings (procédure de liquidation judiciaire).
- Advised a pool of banks, made up of 5 French institutions, on the receivership of companies in the Le Coq Sportif group.
Gibson Dunn
With a track record in large-cap financial restructurings, Gibson Dunn‘s broad practice encompasses a wealth of experience in stressed and distressed debt transfers, capital increases, debt-for-equity swaps and administrator liability matters. The team frequently receives instructions for cross-border mandates and collaborates closely with experts from teams such as banking, litigation, or corporate to provide clients with a comprehensive offering. Practice head Jean-Pierre Farges‘s focus areas include cross-border transactions, litigation and advice on safeguard proceedings. Pierre-Emmanuel Fender excels in advising investors on the acquisition of distressed targets, while also frequently acting in collective labour disputes in the context of restructurings.
Responsables de la pratique:
Jean-Pierre Farges
Autres avocats clés:
Pierre-Emmanuel Fender: Amanda Bevan-de Bernède: Benoît Fleury; Bertrand Delaunay; Nataline Fleury
Les références
‘Technical knowledge, experience, ability to find solutions.’
‘Jean-Pierre Farges remains an essential actor.’
‘The team is very unique in the French market, mixing a very high level of legal expertise, strong connection with all key actors, an ability to facilitate key negotiations on challenging files, combined with a high level of integrity and commitment to their clients.’
Principaux clients
Ad Hoc Group of Secured Lenders to Altice France
Group of lenders to Atos
iQera
Groupe People and Baby
Made 2 Désign (le coq sportif)
Arc Holding
Stock J Boutique Jennyfer
Innov’Educ
Devialet
Technicolor
Solocal
Celio
Yeled Invest SA
Hogan Lovells (Paris) LLP
Embedded in the firm’s international network and frequently acting in multijurisdictional matters, Hogan Lovells (Paris) LLP‘s team is lauded for its expertise in advising debtors on restructuring and insolvency issues, while also demonstrating strength in distressed M&A deals, bankruptcy litigation and supporting financial institutions with recovery efforts. The team shows a strong presence in the real estate, hospitality, technology and pharmacy segments and is led by Philippe Druon, whose capabilities extend to advice on the acquisition of distressed assets. Acting for both debtors and creditors, Astrid Zourli‘s recent work highlights include advising creditors on the accelerated safeguard proceedings of the Altice group.
Responsables de la pratique:
Philippe Druon
Autres avocats clés:
Astrid Zourli
Les références
‘The team stands out with regards to customer responsiveness.’
‘Astrid Zourli stands out as am emerging talent in the French restructuring market. Diligent, practical, responsive are her qualities to be appreciated. ’
‘In my view, it is the best team on the French market. This is above all thanks to Philippe Druon and his experience.’
‘Philippe Druon: combines both remarkable experience, strategic vision and significant technical expertise.’
‘Responsiveness, skills.’
‘Technical expertise, proximity of management, independence’
‘Great availability, ability to deliver very high-quality services.’
Principaux clients
Ÿnsect
ICG
Deutsche Bank Trust Company Americas (DBTCA)
Apera Investment Holdco II
Head Sports Holdings NV
Korelya –
Rodeo FX
SELARL FHBX
Zenitude
European Investment Bank (EIB)
BSO Network Solutions
Ÿnsect
ICG
Deutsche Bank Trust Company Americas (DBTCA)
Apera Investment Holdco II
Head Sports Holdings NV
Korelya
Rodeo FX
SELARL FHBX
Zenitude
European Investment Bank (EIB)
BSO Network Solutions
Principaux dossiers
- Advised Ÿnsect on an imminent liquidity shortfall and difficulties in discussions with its investors in view of a new upcoming fundraising, which was carried out through a series of amicable proceedings.
- Advised ICG, a creditor of some of the companies in the Naos group, on the framework of its difficulties.
- Advised DBTCA, the trustee of high yield noteholder creditors of the Altice Group under six indenture contracts (for total amounts of €4bn and $7.8bn). The companies of Altice group benefit from accelerated safeguard proceedings since the opening judgement rendered by the Commercial Court of Paris on 10 June 2025.
Latham & Watkins
Latham & Watkins‘ practice ranges from pre-insolvency advice on matters such as conciliation proceedings, to safeguard and reorganisation proceedings during insolvency, as well as related litigation. Furthermore, the team demonstrates noteworthy proficiency in distressed LBOs and debt-to-equity swaps. The department is headed by Alexandra Bigot, a port of call for multijurisdictional restructurings who has vast knowledge of loan to-own strategies and investments in companies in insolvency. Hervé Diogo Amengual covers insolvency and restructuring litigation, while Thomas Doyen handles a busy workload including advice on the restructuring of unitranche bonds, as well as the representation of a client with liquidity issues in negotiation with stakeholders. Eeva Bernard left the firm in June 2025.
Responsables de la pratique:
Alexandra Bigot
Autres avocats clés:
Hervé Diogo Amengual; Thomas Doyen
Les références
‘A large team with extensive knowledge of complex financing issues, particularly through its presence in London.’
‘A perfect understanding of the world and technical specificities of restructuring, while making it very accessible and easy for clients to grasp.’
‘Thomas Doyen demonstrated remarkable responsiveness within a very short timeframe to deliver a very high-quality offer.’
Principaux clients
iQera
Alcentra
Colisée Group SAS
MeiraGTx
AccorInvest Group SA (Essendi)
Labeyrie
Impala
JP Morgan Securities Inc
IMC Toys
Fifteen/Smovego
Principaux dossiers
- Advised iQera on its debt-to-equity swap.
- Advised Alcentra Limited on the restructuring of Groupe People & Baby, in particular the restructuring of the unitranche bonds issued by Groupe People & Baby to Alcentra.
- Advised the Colisee group, on liquidity issues and negotiations to be held with a variety of stakeholders including senior lenders.
Linklaters
With the arrival of Darrois Villey Maillot Brochier’s insolvency and restructuring team, Linklaters significantly bolstered its offering, which encompasses the full range of restructuring transactions, including multi-tiered capital and debt structures, as well as cross-border proceedings and litigation. The new arrivals include the global chair of restructuring François Kopf , who combines expertise in restructurings, litigation and transactions, as well as the expert for in-court litigation Mathieu Della Vittoria, who is lauded for his proven knowledge of procedural law. Carole Nerguararian‘s focus areas include cross-border financial and operational restructurings.
Autres avocats clés:
Carole Nerguararian; Etienne Lupuyo; François Kopf; Mathieu Della Vittoria; Colin Marvaud; Inès de Matharel
Les références
‘The team is both extremely responsive and always available, and proactive in offering solutions on all subjects.’
‘A truly remarkable team, unwavering commitment and a constant focus on best serving the client’s interests – an unparalleled commitment in the ever-complex and tense context of restructuring.’
‘Carole Nerguararian, a highly accomplished lawyer, deeply committed to her clients, attentive, creative, and proactive – possessing great situational awareness.’
Principaux clients
Casa Group
Crédit Industriel et Commercial (CIC)
EuroApi’s RCF lenders (Bank of America, JP Morgan, Deutsche Bank, Natixis, Crédit Agricole CIB, BNPP, Société Générale CIB)
French Ministry of the Economy (acting through CIRI, its special situation team)
Hopps
John Cockerill
LaSalle Investment Management
Sienna AM France (formerly Acofi Gestion) and Locamod Chantiers
Talisman Brands, Inc.
Walor International
Principaux dossiers
- Advised a group of minority investors and secured bondholders on the financial restructuring of the Bourbon group (through combined conciliation agreements and safeguard plans) alongside a consortium composed of Davidson Kempner and Fortress.
Weil, Gotshal & Manges LLP
Recommended for its strength in LBO restructurings,Weil, Gotshal & Manges LLP‘s practice offers a wealth of experience across the full spectrum of restructuring and insolvency work, including distressed M&A and multijurisdictional proceedings, with the team’s stellar client roster encompasses debtors, creditors, investment funds and banks. Jean-Dominique Daudier De Cassini is well known for this track record in complex restructurings and co-heads the department alongside Céline Domenget-Morin, whose varied portfolio extends to advice on distressed LBO transactions, safeguard proceedings, and cross-border financial restructurings. César Puech Routier is a key contact for conciliation and judicial liquidation proceedings.
Responsables de la pratique:
Céline Domenget-Morin; Jean-Dominique Daudier de Cassini
Autres avocats clés:
César Puech Routier; Camille Bretagne
Les références
‘Extensive experience, ability to propose solutions, personalised support.’
‘Jean-Dominique Daudier de Cassini remains indispensable.’
‘One of the best, if not the best, restructuring teams. Capable of handling both very large, large-cap companies with a very high level of technical expertise and with the support of Weil’s various practices, as well as SMEs.’
Principaux clients
EPEI
A pool of banks, including BNP Paribas, Société Générale, Natixis, HSBC, CIC, Crédit Agricole
Eliott
The founders of Ba&sh
Glass Holding
Générale pour l’Enfant
Natixis and other lenders
MegaRock Limited/Sandton/Verdoso
Aqualung
Iconix Brand Group
Principaux dossiers
- Advised EP Equity Investment, which teamed up with Attestor Limited to form a Consortium to submit a financial restructuring proposal to Atos, as part of a competitive process organised in the context of Atos’ conciliation proceedings.
- Advised a pool of 19 banks on the second financial restructuring of GiFi, involving a complex combination of new money injection, debt to equity swap, transfer of the equity held by the banks in a fiducie (French trust), and ad hoc governance mechanisms.
- Advised Elliott, one of the main creditors and a member of the AHG, alongside the London restructuring team, on the French aspects of the Altice matter, both during the LME process and at the implementation stage in the context of conciliation and accelerated safeguard proceedings.
White & Case LLP
Equipped to handle major cross-border restructuring transactions, White & Case LLP
excels across the full spectrum of insolvency and restructuring work, including litigation and M&A advice. The firm’s comprehensive offering includes close collaboration between experts from different departments, such as tax and regulatory. Practice head Anne-Sophie Noury‘s varied portfolio extends to advising distressed funds and corporates on the takeover of French companies, as well as supporting clients with distressed LBO transactions. Saam Golshani advises financial investors on multijurisdictional restructurings, while also heading the firm’s private equity team in Paris. Alicia Bali handles distressed M&A deals as well as insolvency proceedings for both creditors and debtors.
Responsables de la pratique:
Anne-Sophie Noury
Autres avocats clés:
Saam Golshani; Alicia Bali
Les références
‘Professional, skilled, negotiation-oriented, and solution-focused.’
Willkie Farr & Gallagher LLP
Sought after by both creditors and debtors, Willkie Farr & Gallagher LLP stands out for its track record in advising ad hoc bondholder groups and steering committees on restructurings, including distressed securities trading, while also operating comfortably across pre-insolvency work-outs and insolvency proceedings such as safeguard, recovery or liquidation matters. A well-known expert for the full range of cross-border restructurings, litigation, and distressed M&A deals, the team is led by Lionel Spizzichino, who offers established experience in a variety of sectors, including aviation, media, chemical, and financial services. Batiste Saint-Guily demonstrates strength in high-yield debt restructurings and is a key contact for the firm’s bondholder clients.
Responsables de la pratique:
Lionel Spizzichino
Autres avocats clés:
Batiste Saint-Guily
Les références
‘Wilkie has a very high-end positioning. A leader in France in the restructuring sector.’
Principaux clients
Steering Committee of bondholders of Atos
Steering Committee of cross-holder of Atlice France
Steering committee of HY Bondholders of Casino
Steering Committee of unsecured creditors of Orpea
Fidera
JPMorgan Chase & Co – Global Special Situations
Arrow Global
CMA CGM
BA&SH
Principaux dossiers
- Advised the steering committee of Crossholders Bondholders on Altice’s debt restructuring.
- Advised Arrow Global as main bondholder (and former shareholder) of French debt collector Iqera.
- Advised Verdoso on the acquisition of The Kooples Productions from MF Brands Group in the context of conciliation proceedings.
Ashurst LLP
Advising private equity and hedge funds as creditors is at the heart of Ashurst LLP’s practice, with the team’s areas of expertise including debt restructuring, loan-to-own strategies, preventive and insolvency proceedings as well as distress M&A. Noam Ankri heads the department and is lauded for his wealth of experience handling multijurisdictional transactions and litigation matters. Ankri is well supported by Elsa Decourt, who combines proficiency in restructuring and corporate topics and specialises in financial and industrial restructuring transactions.
Responsables de la pratique:
Noam Ankri
Autres avocats clés:
Elsa Decourt; Astrid Hubert-Benoist
Les références
‘Ashurst’s restructuring team in Paris is distinguished by its technical excellence and pragmatic advice. Responsive, efficient, and highly attentive to client needs, it stands out as much for the quality of its service as for its availability. The team approaches complex restructuring situations with a commercial mindset and offers solutions that are both legally sound and operationally viable. It handles complex and innovative transactions, aligned with clients’ strategic objectives.’
‘Within the team, Noam Ankri stands out for his business acumen, pragmatism, and efficiency in managing complex restructurings. Clients appreciate his responsiveness, the clarity of his advice, and his ability to conduct demanding negotiations while keeping the commercial stakes in mind. He embodies a remarkable balance between legal rigor and practical execution.’
‘Excellent team, recognised by its peers, readily available, and accustomed to working together. One of the best restructuring teams in Paris. Capable of handling large projects.’
Principaux clients
Anchorage Capital
BlackRock
Boussard & Gavaudan
Carlyle
De Shaw
Econocom
Goldman Sachs
Santander
Schelcher Prince Gestion
Tresidor
Principaux dossiers
- Advised the steering committee of the Bondholders of Atos on the €5bn financial restructuring of Atos SE.
- Advised a group of dissenting senior secured bondholders of Altice France on challenging the contemplated €24bn financial restructuring thereof.
- Advised the group of RCF lenders of Solocal in connection with its financial restructuring and sale to Maurice Levy.
August Debouzy
August Debouzy receives instructions from a range of sectors, including retail, manufacturing, real estate and hospitality, with the team working together closesly with experts from teams such as employment, M&A, and tax to provide a full-service offering. Practice head Laurent Cotret is well versed representing clients in negotiations with contractors under financial distress and offers niche expertise at the intersection of sports and insolvency law. Clément Quernin is recommended for insolvncy-related litigation.
Responsables de la pratique:
Laurent Cotret; Laurent Cotret
Autres avocats clés:
Clément Quernin
Les références
‘Excellent balance between technical expertise and interpersonal skills. They effectively and diplomatically manage the tense situations inherent in restructuring. They demonstrate an excellent understanding of our challenges and are a true strategic partner, going beyond the simple role of legal advisor.’
‘Their approach is less theoretical or aggressive, and more focused on building sustainable solutions.’
‘Excellence, responsiveness, quality of consultations.’
‘Laurent Cotret – an essential reference in restructuring – and the quality of the teams surrounding him.’
Principaux clients
Réside Etudes
Geismar
People & Baby
Coral Reef Capital
Lur Berri
Alteo
Hotels de Paris
Les Girondins de Bordeaux (football club) / La Dynamie
Groupe Lundi Matin
Marc-Henri Beausire (CEO of Le Coq Sportif)
CIPIM / Collectivité Saint Martin
Bloom Equity Partners
Groupe Morlot
BPI France
Novethic
Adveo France
Réside Etudes
Geismar
People & Baby
Coral Reef Capital
Lur Berri
Alteo
Hotels de Paris
Les Girondins de Bordeaux (football club) / La Dynamie
Groupe Lundi Matin
Marc-Henri Beausire (CEO of Le Coq Sportif)
CIPIM / Collectivité Saint Martin
Bloom Equity Partners
Groupe Morlot
BPI France
Novethic
Adveo France
Principaux dossiers
- Advised Réside Études Group, a real estate investment and serviced residence operator, on the €400m restructuring of its operations, including 32 safeguard plans (seven with “Classe de Parties Affectées” mechanism), the issuance of €100m PP bonds, and the divestment of its senior living division.
- Advised Geismar on its €200m restructuring and judicial reorganisation process, resulting in a pre-pack sale to an international consortium led by Sandton Capital Partners, preserving over 80% of jobs and securing continued global operations.
- Advised Coral Reef Capital, a US-based private investment firm, on the cross-border acquisition of French industrial manufacturer Metalliance as part of its court-approved restructuring, in collaboration with Sandton Capital Partners.
Bredin Prat
Bredin Prat demonstrates proficiency across the full range of financial restructurings, asset sales and insolvency proceedings, with the team working together seamlessly with experts from departments such as M&A, litigation or employment. Advising both creditors and debtors as well as investors, the team covers various sectors, including construction, financial services, energy and leisure. Nicolas Laurent is well regarded for his expertise in financial restructurings and distressed M&A deals and leads the department alongside Olivier Puech
, whose specialisms extend to judicial proceedings and related litigation.
Responsables de la pratique:
Olivier Puech; Nicolas Laurent
Les références
‘Solid, diligent, pragmatic.’
‘A very efficient, responsive, pragmatic and available team.’
‘Nicolas Laurent is an excellent lawyer with a very strong strategic vision.’
‘The team distinguishes itself through its leading technical expertise in complex restructurings and insolvency proceedings. It is undoubtedly among the best in the field, both for the quality of its analyses and its ability to develop pragmatic and operational solutions for its clients. Its strengths lie in its complete mastery of legal and financial issues, a nuanced understanding of companies’ operational constraints, and a strong capacity for negotiation with various stakeholders (creditors, shareholders, public authorities).’
‘Within the team, Nicolas Laurent is a star lawyer. A true dealmaker, he particularly excels in handling amicable settlements. His strong strategic acumen, composure, and ability to build trust make him an exceptional negotiator, capable of finding creative and effective solutions even in the most tense situations. Alongside him, Olivier Puech stands out for his tenacity and in-depth expertise in litigation and legal proceedings. His determination and technical rigor translate into remarkable results for clients, who recognise him as a hands-on, tenacious, and results-oriented lawyer.’
‘Nicolas Laurent is diligent and pragmatic.’
Principaux clients
The consortium formed by Fortress Investment Group and Davidson Kempner Capital Management
Arkema
Gifi
Potel & Chabot
Kem One
Unisys
GTT Eramet
Macquarie
Jaccar
TwentyTwo Real Estate
Technicolor Group
Principaux dossiers
- Advised the consortium formed by Fortress Investment Group and Davidson Kempner Capital Management, on the financial and corporate restructuring of Société Phocéenne de Participation (SPP), the holding company of the BOURBON group and its relevant subsidiaries.
- Advised Gifi on the restructuring of approximately €1bn of its financial debt.
- Advised Arkema on the judicial receivership proceedings initiated against Vencorex, one of its key suppliers of salt used in the production of hexachlorocyclopentadiene, an essential intermediate in Arkema’s fluorochemicals and advanced materials operations.
Clifford Chance
Leveraging the firm’s international network, Clifford Chance is a port of call for multijurisdictional matters, with the team’s client roster encompassing debtor companies, lender groups, commercial creditors and financial institutions. The team’s focus areas extend to advice on disputes regarding manager and lender liability, financial restructurings including debt-to-equity swaps, capital increases, or bond issues. Practice head and restructuring expert Delphine Caramalli‘s recent workload includes advice on conciliation proceedings and a variety of debt restructurings. Financing experts Arnaud Fromion and Frédéric Guilloux joined the firm in January 2025 from Goodwin.
Responsables de la pratique:
Delphine Caramalli
Autres avocats clés:
Arnaud Fromion; Frédéric Guilloux
Les références
‘Clifford Chance demonstrated exceptional proactivity in providing us with the best possible support during a time of uncertainty. Their knowledge of market practices and the intricacies of procedures is a major asset.’
‘A very dynamic, skilled, pleasant, and available team, accustomed to handling major issues.’
‘Clifford Chance’s restructuring team stands out for its top-tier technical expertise, supported by clear and effective management. Under the leadership of Delphine Caramali, the team combines legal rigour, pragmatism, and exceptional responsiveness, making it a key player in the market.’
Principaux clients
KingStreet
Geismar Rail Industry Technologies
Hyvia
JV La Française
Ma Steel
Getir Gorillas Frichti
Interpath Advisory
Macnica
Honda
Principaux dossiers
- Advised Macnica, Inc. (Macnica), a Japanese technology solutions provider, on the M&A deal in France regarding their French subsidiary historically known as NAVYA, including the exit of Gaussin and the new joint venture with NTTW.
- Advised Interpath on the acquisition of the restructuring business unit of KPMG France by Interpath Advisory and on the acquisition of Kerkhoff in Germany.
- Advised HyVia (a joint venture in the hydrogen industry between Renault and Plug Power) on the reorg of Hyvia organized within an in-Court insolvency proceedings (redressement judiciaire) in December 2024.
Freshfields LLP
Transactional advice is at the heart of Freshfields LLP‘s practice, with the team’s repertoire including in-court and out-of-court restructurings, as well as advising investors on the acquisition of distressed assets. Sought after by buyers, creditors, debtors, and shareholders, the team is jointly steered by Guilhem Bremond, whose focus areas include at insolvency-related litigation, and finance expert Laurent Mabilat.
Responsables de la pratique:
Guilhem Bremond; Laurent Mabilat
Autres avocats clés:
Antoine Rueda
Les références
‘Excellent understanding of the issues at stake in the various cases. Furthermore, the Freshfields team proposed an unconventional solution to reach a compromise that allowed the initiated proceedings to be finalised.’
‘Guilhem Bremond is excellent in his field; he knows how to be firm in negotiations but also how to push for compromise.’
‘Antoine Rueda is also highly skilled in his work and knows how to effectively defend his clients’ interests.’
Principaux clients
Ad Hoc Group (AHG) of credit institutions being lenders to Altice France under RCF facilities
Novi 2, represented by Eurazeo Investment Manager
LCS International SAS, Le Coq Sportif Holding – LCSH et Sport Immobilier
Cycleurope France
Cicor Technologies
ID4 – SSD Virtuo, SCSp
Bio-Rad
Ad Hoc Group (AHG) of credit institutions being lenders to Kem One group under RCF Facilities
Principaux dossiers
- Advising the AHG of RCF lenders on the €24bn refinancing transaction implemented at the level of Altice France and Altice France Holding.
- Advised companies of Le Coq Sportif group (LCS International SAS, Le Coq Sportif Holding – LCSH et Sport Immobilier), a French sportswear and footwear manufacturer, on their restructuring.
- Advised Cicor Technologies on the acquisition of significant business activities of the French Éolane Group including its sites in Angers, Combrée, Saint-Agrève, Neuilly-en-Thelle and Douarnenez (France), as well as two sites in Berrechid and Témara (Morocco).
Orrick
Orrick shows proficiency across the full range of restructuring and insolvency matters while also covering related litigation. The team’s focus areas include negotiation and enforcement of security packages as well as advice on investment with a strong emphasis on cross-border mandates, where the team leverages the firm’s international network to provide a comprehensive offering. Practice head Aurélien Loric is frequently sought after by creditors, debtors, investors and buyers, with his portfolio encompassing takeover offers as well as safeguard and conciliation proceedings. Covering non-contentious and judicial matters, François Wyon was promoted to partner in January 2025.
Responsables de la pratique:
Aurélien Loric
Autres avocats clés:
François Wyon; Florent Lewkowicz; Elodie Tancray
Les références
‘The team’s depth and availability on specific and cross-functional topics are evident at all seniority levels. They are efficient and pragmatic, possess strong negotiation skills, and have a very good understanding of business dynamics.’
‘A well-sized team with diverse profiles, very responsive and proactive, very committed to the quality of the service delivered.’
‘François Wyon has experienced remarkable growth and possesses rare professional and human qualities.’
‘A very good restructuring team, comfortable handling both large-scale and mid-market cases. They have the ability to position themselves alongside major institutional investors in France and understand alternative funds, working for them on financial restructuring projects. The team possesses exceptional technical expertise and an impressive work ethic. Their work is characterized by meticulous precision.
‘Aurélien Loric – A rising star in Paris in the restructuring sector. Impressive experience, exceptional concentration, and work ethic.’
François Wyon – A highly skilled professional with a strong ability to explain complex concepts clearly to his clients.’
‘One of the best teams on the market. Transparent, highly connected, and above all, the most technically skilled. You really feel supported.’
‘The team is also fully available to its clients for informal advice when needed.’
Principaux clients
Alcentra
Anchorage Capital Group
Artemid
Attestor Limited
Boussard et Gavaudan
Carmignac
CIC Private Debt
Davidson Kempner
DIIS Group
DNCA
Ecofi
Eiffel Investment Group
Fidera Limited
Financière Arbevel
Klesia Finance
Schelcher Prince Gestion
Ycor
Zencap Asset Management
Alcentra
Anchorage Capital Group
Artemid
Attestor Limited
Boussard et Gavaudan
Carmignac
CIC Private Debt
Davidson Kempner
DIIS Group
DNCA
Ecofi
Eiffel Investment Group
Fidera Limited
Financière Arbevel
Klesia Finance
Schelcher Prince Gestion
Ycor
Zencap Asset Management
Principaux dossiers
- Advised Attestor on the consortium formed by Attestor and EP Equity Investment, a company controlled by Mr. Daniel Křetínský, in connection with the submission of a financial restructuring and takeover offer to Atos, as part of a competitive process organised under the aegis of its conciliator.
- Advised Ycor, the family office of Maurice Levy, on the global restructuring and industrial takeover offer of SoLocal.
- Advised the holders of approximately €100m PP bonds issued by Réside Etudes Investissement in connection with the 33 safeguard and reorganisation proceedings of the Réside Etudes Group, a leading French real estate investment company, operating across both development and management of serviced apartments.
ADVANT Altana
Combining expertise in insolcency, finance, M&A and litigation matters, ADVANT Altana
‘s key services include advice on restructurings of regulated entities with praticular strength in the financial services segment as well as support with distressed M&A deals. The firm fields experts to also cover related employment and tax aspects and is jointly steered by Michel Jockey, a key contact for companies facing financial difficulties, Mana Rassouli, who frequently advises investors regarding distressed businesses, and Pierre-Gilles Wogue, whose practice spans the full spectrum of insolvency proceedings as well as cross-border restructurings.
Responsables de la pratique:
Michel Jockey; Mana Rassouli; Pierre-Gilles Wogue
Principaux clients
Altarea
Anaxago
Apogee (HP) Group
Banking pool (Helaba Landesbank Hessen – Thüringen Girozentrale, Bpifrance, Deutsche Postbank, Socfim)
Bastide Group
Blive Group
Circa Group
Concrete Valley
Defta
Groupama
Groupe Figaro
Natixis
Ommic
Science Corp Inc.
Secom
A&O Shearman
A&O Shearman‘s practice is well regarded for advising creditors such as banks, private equity funds, shareholders and investors on topics such as cross-border restructurings, distressed debt trade, debt refinancings, and corporate buy-outs. The team is well versed across the full spectrum of insolvency proceedings and led by Hector Arroyo, who is particularly recommended for handling distressed M&A deals. Antoine Santoni covers both insolvency and pre-insolvency matters.
Responsables de la pratique:
Hector Arroyo
Autres avocats clés:
Julien Roux; Antoine Santoni
BDGS Associés
BDGS Associés‘s full-service offering encompasses financial and industrial restructurings and benefits from a close collaboration with departments such as M&A, tax, and competition. The team frequently handles matters with cross-border elements, with recent work highlights including advice on a takeover of a target placed under judicial reorganisation proceedings. The practice is headed by Henri Cazala, whose portfolio extends to advice on equity investments in distressed companies and defeasance transactions. Laurène Boyer is well versed in state aid topics in the context of restructurings.
Responsables de la pratique:
Henri Cazala
Autres avocats clés:
Laurène Boyer
Les références
‘The BDGS restructuring team distinguishes itself through its in-depth expertise and its ability to support clients on complex and strategic cases. It is composed of experienced professionals, led by a partner renowned for his commitment to each case.’
‘Henri Cazala and Laurène Boyer stand out in particular.’
‘A highly motivated, serious, and competent team – and the possibility of calling upon additional expertise within the firm, if needed.’
‘A top-notch team, both from a technical point of view, in terms of relations with the various stakeholders in the field, and in terms of project management and clarity.’
‘Henri Cazala is precise, proactive, and efficient. Laurène Boyer is rising star: excellent writing and interpersonal skills, and as adept at analysing problems as she is at finding solutions.’
‘Good business acumen, creative. Very available and efficient team.’
‘A top-level team, technically infallible and always very commercially minded.’
‘Henri Cazala perfectly combines business acumen, market knowledge, and technical expertise. It’s a pleasure to work with him. Laurène Boyer is a serious, intelligent, and effective lawyer.’
Principaux clients
Agence des Participations de l’Etat
Bpifrance
Butler Industries
Caisse des Dépôts et Consignations
Corsair
Crédit Agricole Assurances
Eiffel Investment Group
IQ-EQ
LNA Santé
Mutares
Sika
Swiss Steel Group
Agence des Participations de l’Etat
Bpifrance
Butler Industries
Caisse des Dépôts et Consignations
Corsair
Crédit Agricole Assurances
Eiffel Investment Group
IQ-EQ
LNA Santé
Mutares
Sika
Swiss Steel Group
Principaux dossiers
- Advised Swiss Steel Holding A.G. in its capacity as sole shareholder of the Ascometal group as part of pre-insolvency and insolvency proceedings which led to its take-over by Mercegaglia and Greybull.
- Advised the French airline Corsair as part of the in-depth investigation opened by the European Commission regarding its restructuring aid.
- Advised Swiss Steel Holding A.G., in its capacity as sole shareholder of the Ascometal group as part of pre-insolvency and insolvency proceedings which led to its take-over by Mercegaglia and Greybull.
Bird & Bird
Advising creditors and stakeholders is at the core of Bird & Bird‘s practice, with the team’s areas of expertise including refinancings, insolvency-related litigation as well as in-court negotiations in the context of cross-border restructurings. The team has a track record acting in the financial services, automotive, energy, aviation and retail segments and is jointly steered by the debt restructuring experts Romain de Ménonville and Nicolas Morelli.
Responsables de la pratique:
Nicolas Morelli; Romain de Ménonville
Autres avocats clés:
Pierre-Jean Chenard
Les références
‘Legal expertise, knowledge of amicable and collective procedures, and of the various stakeholders involved in restructuring. Support in negotiations with other parties, and in facilitating the negotiation process with borrowers, shareholders, and other debtors. High-quality drafting of procedural and contractual documents, and effective coordination and seamless integration between these two stages.’
‘Special mention goes to Pierre-Jean Chenard, a rising star within the firm.’
‘‘Excellent responsiveness and great availability’
‘Romain de Ménonville and his team have been supporting our institution for many years. They stand out for their high-quality work, excellent responsiveness, and exceptional ability to make pools work even in the presence of interbank discrepancies.’
‘Romain de Ménonville and Pierre-Jean Chenard are very responsive, have a complete grasp of the issues concerning their clients, and are capable of demonstrating creativity in the solutions they propose.’
‘The team is very responsive, and the quality of client relations is its main strength (both with third parties and with clients who sometimes have very different interests). The frequency and quality of client reporting are very satisfactory compared to the competition.
‘A high-quality, highly professional team, distinguished by its ability to quickly grasp the issues and be extremely pragmatic in proposing solutions. A cohesive, highly responsive, and proactive team capable of mobilizing in record time, always taking the initiative to move projects forward while focusing on what matters most. A thorough understanding of the restructuring environment.
‘Nicolas Morelli is particularly distinguished by his quickness and responsiveness.’
Principaux clients
Arkéa Banque Entreprises et Institutionnels
Barclays Bank PLC
BNP Paribas
Bred Banque Populaire
Crédit Lyonnais
Groupe Crédit Agricole
La Banque Postale Asset Management
Société Générale
Etat Français / French State
Banque Palatine
Bpifrance
Banque Populaire
Caisse d’Epargne
Crédit Coopératif
Crédit Industriel et Commercial
Goldman Sachs
Banco de Sabadell
Banco do Brasil
KBC Bank
HSBC Continental Europe
La Banque Postale
Natixis
Neuflize OBC /ABN AMRO
Unicrédit
UPS France
Praemia Healthcare
Arkéa Banque Entreprises et Institutionnels
Praemia Healthcare
Principaux dossiers
- Advised a pool of 15 banks since on the four successive financial restructurings of the GMD Group, the latest transaction involved assisting the banks in the context of a takeover by a Chinese industrial investor, including €560m of restructured debt.
- Advised a pool of eleven banks on the financial restructuring of Groupe Matière, a French family-owned company founded in 1932, specialised in engineering and infrastructure construction.
- Advised Renault SAS and other entities of the Renault Group on the financial difficulties of Hyvia, a subsidiary owned equally by Renault SAS and Plug Power, formed as part of a joint venture agreement for the development of hydrogen-powered vehicles.
CMS Francis Lefebvre
CMS Francis Lefebvre‘s client base includes creditors, debtors, shareholders and investors, with the firm’s cross-disciplinary offering encompassing advice on insolvency-related employment, tax and public law topics. Alexandre Bastos‘ broad practice covers conciliation and safeguard proceedings, as well as advice on the takeover of companies in difficulties. Bastos is well supported by Guillaume Bouté, who handles negotiations with creditors, the implementation of financing agreements, as well as the full spectrum of insolvency procedures.
Responsables de la pratique:
Alexandre Bastos
Autres avocats clés:
Guillaume Bouté
Les références
‘Highly available to discuss all restructuring topics. Provides quick responses to all draft protocols, including those with ongoing modifications.’
‘Guillaume Bouté is available, efficient and pragmatic.’
‘Excellent knowledge of the distressed business ecosystem and its key players. Unwavering availability.’
‘Speed of execution, transparency.’
‘Competence, professionalism, responsiveness.’
Principaux clients
Tupperware France
Alliance Green Services
Vivalto Family
Holcim – Lafarge
Sienna
Ucpa
Hachette Driout Industries
BCPE Group
Polaris
Atos
Principaux dossiers
- Advised Alliance Green Services, a subsidiary of Arcelormittal group within the framework of the takeover of the activity of Phoenix Services Frankce.
- Advised Sienna within the framework of the financial difficulties faced by companies belonging to the Financiere Immobiliere Bordelaise group, including representing Sienna as a financial lender to various group companies operating in multiple sectors.
- Advised Tupperware France within the framework of its successful safeguard proceedings (procédure de sauvegarde).
Gide Loyrette Nouel A.A.R.P.I.
Gide Loyrette Nouel A.A.R.P.I. ’s client base consists of institutional creditors, investors, and strategic buyers, with the team’s varied caseload including a focus on advising debtors on consoliation proceedings, as well as support in debt restructurings. At the helm of the practice, Jean-Gabriel Flandrois complements the firm’s offering with strong M&A expertise. Pauline Bournoville joined the team in July 2025, bolstering the firm’s capabilities on the creditor side with a wealth of experience advising on debt restructuring in out-of-court procedures such as ad hoc mandates. Tom Louis arrived with Borunoville.
Responsables de la pratique:
Jean-Gabriel Flandrois
Autres avocats clés:
Pauline Bournoville; Nadia Haddad
Les références
‘The quality of service is on par with the high standards of the Gide firm, whose reputation speaks for itself.’
‘The team is technically skilled and capable of handling complex cases.’
‘Nadia Haddad is highly skilled technically and adept at balancing client management with the demands of each case.’
‘The team is highly available and responsive. Communication within the restructuring team is seamless. The work is of high quality and delivered on time.’
‘Pauline Bournoville, the partner in charge, is deeply involved in her cases. She leads the negotiations and stays informed at all times, which ensures her excellent availability.
‘The team is one of the best in the market, handling complex and high-stakes cases.’
‘The team distinguishes itself through its availability, responsiveness, and advanced technical expertise.’
‘Nadia Haddad guides the strategy for each case, and perfectly meets clients’ needs with great empathy.’
Principaux clients
McPhy Energy
SOCIETE GENERALE
AMUNDI
Principaux dossiers
Herbert Smith Freehills Kramer LLP
Herbert Smith
Responsables de la pratique:
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Vincent Hatton
Principaux clients
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Banque Fiducial
BNP Paribas Group
BPCE/Natixis Group, including several entities such as:|Banque Palatine||Banque Populaire Alsace Lorraine Champagne||Caisse d’Épargne Grand Est Europe||Caisse d’|Epargne| et de Prévoyance Grand Est Europe||Caisse d’|Epargne| |CEPAC||Caisse d’Épargne Centre Est||Caisse d’|Epargne| Rhône Alpes (|CERA|)||Caisse d’|Epargne| Loire Champagne||Caisse d’Epargne Ile de France (CEIDF)
Crédit Agricole Group, including several entities such as:|Crédit Agricole d’Ile-de-France||Crédit Agricole Alpe Provence||Crédit Agricole Provence Alpes Côte d’Azur||Caisse Régionale de Crédit Agricole Mutuel Centre Loire
Commonwealth Bank of Australia
ENGIE Group
FRENCH STATE (Délégation Interministérielle aux Restructurations d’Entreprises – Interministerial delegation for corporate restructuring & insolvencies)
Groupe Chargeurs
HSBC Continental Europe
Principaux dossiers
Jeantet
Jeantet is recognised for its expertise in both court and non-court proceedings, frequently supporting clients with conciliation, safeguard, and liquidation matters. Well versed in distressed M&A and debt-related negotiations, Laïd Estelle Laurent co-leads the department alongside Hadrien de Lauriston, who specialises in the prevention of financial difficulties, and Aymar De Mauléon De Bruyères, who excels in insolvency proceedings and related litigation.
Responsables de la pratique:
Laïd Estelle Laurent; Hadrien De Lauriston; Aymar De Mauléon De Bruyères
Les références
‘Hadrien de Lauriston is very available, pragmatic and approaches cases with great humility.’
‘Aymar De Mauléon De Bruyères has extensive expertise.’
‘Aymar De Mauléon De Bruyères is a lawyer specialising in companies in difficulty. With many years of experience in this practice, he is calm and has a good teaching ability.’
‘Laïd Estelle Laurent is a pragmatic lawyer who knows her sector and its players very well, which allows for smoother and more efficient handling of cases and facilitates their amicable settlement.’
Principaux dossiers
Jones Day
Embedded in the firm’s global practice, Jones Day‘s business restructuring and reorganisation team shines in multijurisdictional matters and frequently receives instruction from a varied client base, including companies in financial difficulties, banks, private equity firms, asset managers, funds and shareholders. Fabienne Beuzit leads the department and demonstrates strength in bankruptcy proceedings, distressed M&A deals and insolvency-related litigation in addition to her broad restructuring practice. Rodolphe Carrière‘s specialisms include advising on restructurings of start-ups and tech companies.
Responsables de la pratique:
Fabienne Beuzit
Autres avocats clés:
Rodolphe Carrière
Les références
‘The restructuring and finance teams work hand in hand very effectively.’
‘Fabienne Beuzit is very available and subtle in her approach to cases.’
‘The team is responsive and eager to help in the best way possible in all circumstances.’
‘Fabienne Beuzit stands out for her humane, constructive and intelligent approach to work.’
‘A close-knit team of highly professional, very available and responsive lawyers.’
‘Fabienne Beuzit: finesse, broad perspective, availability.’
‘A truly remarkable team: available, responsive, and very attentive. They are adaptable, always find solutions, and work with genuine teamwork. Their ability to blend expertise, agility, and openness clearly places them among the best in the market.’
‘Rodolphe Carriere and Fabienne Beuzit are truly transformative. They bring vision, anticipate changes, and offer innovative solutions. Their ability to challenge the status quo and their strategic approach clearly set them apart from their peers.’
Principaux clients
Pôle Hospitalier Privé
Wells Fargo
OVH Groupe SA
Antalis France
Carmat
Addactis
Taste It (Bene Bono)
FN Browning Group
Virtuo Technologies
Principaux dossiers
- Advised PHP on its financial restructuring, involving negotiations with the banking pool, CDC (majority shareholder) and the New Caledonian government.
- Advised Wells Fargo as creditor on the restructuring of ATOS Group through conciliation and forthcoming accelerated safeguard proceedings.
- Advising OVH Cloud on the acquisition of assets within the context of the insolvency proceedings of API.Video.
Mayer Brown
Mayer Brown‘s client base encompasses investment and debt funds as well as corporates, which benefit from the team’s established experience in safeguard, receivership and insolvency proceedings. The department shows particular strength advising on debt restructuring in the context of leveraged buyouts and is headed by Marc Santoni, a port of call for bidders of distressed companies.
Responsables de la pratique:
Marc Santoni
Principaux clients
Beaumanoir Group
BG Hotellerie
Comexposium – Cassini
IRIS
Qualium Investissement
McDermott Will & Schulte
McDermott Will & Schulte has in-depth knowledge of cross-border restructurings with noteworthy strength in the technology segment, rehabilitation and insolvency proceedings, with the team’s client roster including debtors, creditors, buyers and shareholders. Practice head Timothée Gagnepain‘s varied caseload encompasses LBO transactions, leveraged recapitalisations, and advice on bankruptcies to both creditors and debtors. Théophile Jomier excels in refinancings and financial disputes.
Responsables de la pratique:
Timothée Gagnepain
Autres avocats clés:
Théophile Jomier
Les références
‘Highly competent and responsive restructuring team. Top-quality work.’
‘Dynamic team, very active in the debtor-side market.’
‘Reassuring availability of complementary teams, in particular the ability to involve M&A teams.’
‘Théophile Jomier has situational awareness, availability, and technical skills.’
‘Innovative and robust.’
‘The team is well-known and respected, with a high level of legal expertise.’
‘Thimotée Gagnepain has extensive experience with companies in difficulty as well as an excellent network among all stakeholders involved in those situations.’
Principaux dossiers
Paul Hastings LLP
Paul Hastings LLP is well regarded for handling ad hoc mandates as well as safeguard, receivership and liquidiations matters for both creditors and debtors, and offers proven experience acting in a variety of segments including automotive, retail, and insurance. Caroline Texier leads the team and covers the full spectrum of debt restructurings and insolvency proceedings, including multijurisdictional matters and bankruptcy litigation. Maxime Nativelle‘s practice extends to advice on distressed M&A deals.
Responsables de la pratique:
Caroline Texier
Autres avocats clés:
Maxime Nativelle
Les références
‘Since Caroline Texier’s arrival, the team has grown considerably and now possesses a strong striking force.’
‘Efficiency and responsiveness.’
Principaux clients
CAM-SPC (Manoir Group)
MA France
Gap
LMLD (Nysa)
Blackstone (Pharmacie Bailly)
Covéa
GUIMA I
Fox Bravo – Auxilium
Financière Partouche
Racine
Racine has established experience in debt restructuring for distressed LBOs, with the team’s portfolio extending to ad hoc mandates, safeguard proceedings and judicial liquidation. Important team members include Antoine Diesbecq, who is recommended for debt restructuring and advice on takeovers of companies under a sales plan, Laurent Jourdan, a key contact for judicial proceedings, and Emmanuel Laverrière, whose specialisms include preventive measures such as special purpose trusteeships. Lisa Ducani was promoted to partner in January 2025 and focuses on the restructuring of distressed companies.
Autres avocats clés:
Antoine Diesbecq; Laurent Jourdan; Emmanuel Laverrière; Lisa Ducani
Les références
‘A responsive, technically skilled, and friendly team, equally adept at negotiation and litigation.’
‘Particularly noteworthy are Laurent Jourdan, who is exceptionally comfortable in all areas, technically skilled without being dogmatic, firm without being harsh, an excellent negotiator, and Lisa Ducani, who is highly skilled technically, with a strong work ethic, rigor, and outspokenness—a true talent.’
‘Emmanuel Laverrière stands out for his in-depth knowledge of the subject and his high level of technical expertise. His recommendations and comprehensive understanding of the issues enable clients to make the right decisions.’
‘High availability and high level of competence.’
‘A very close-knit team, excellent complementarity, pragmatic, approachable, and highly experienced in both insolvency and amicable settlement procedures. Serving the company, buyer, or investor side.’
‘Laurent Jourdan: Excellent, extensive experience, very approachable, and attentive to the client. Lisa Ducani, a rising young partner.’
‘A team that is available, responsive, and plays a leading role in moving projects forward quickly.’
‘Emmanuel Laverrière is a skilled communicator and readily takes the time to clearly explain the different phases of the procedures and the roles of the various stakeholders to their clients.’
Principaux clients
Groupe Le Revenu
Giochi Preziosi France
Giochi Preziosi (S.p.A)
Logtex
Fonciere De Neuilly
Helio Print
Groupe Casino
Setic Pourtier
Principaux dossiers
- Advised Giochi Preziosi, an Italian toy manufacturer, on Smoby’s court restructuring procedure.
- Advised Logtex on negotiations with Le Coq Sportif—the official outfitter of the French teams at the Paris Olympics, regarding an outstanding debt for transport and logistics services it provided to Le Coq Sportif at all of its points of sale in France.
- Advised MPO on its court restructuring, including consideration of foreign subsidiaries.
Boché Dobelle
Demonstrating strength in matters with cross-border elements, Boché Dobelle‘s practice ranges from out-of-court proceedings such as corporate reorganisations to insolvency proceedings and related litigation, including disputes arising from the sale of insolvent companies. Mylène Boché-Robinet is a key contact for instructions with ties to Germany and steers the team alongside Véronique Dobelle, who has experience in an array of industries, including pharmaceutical, entertainment, cyber security and education.
Responsables de la pratique:
Mylène Boché-Robinet; Véronique Dobelle
Les références
‘They are a boutique firm but are able to handle the most sophisticated and largest cases. Additionally, their unique cross-border knowledge is extremely valuable to effective solicitions. ’
‘Mylène Boché-Robinet is thoughtful, commercial and highly strategic. She is very adept at finding unique and novel solutions to the toughest of problems.’
‘Excellent for specific legal matters and bilateral cases. Good knowledge in the banking and economic sectors, which is very helpful in understanding the often highly complex context of a case.’
‘Mylène Boché-Robinet highly competent in restructuring and has good contacts in Paris. She is very proficient in languages: fluent French, English, and German, which is very helpful on intra-European cases.’
‘The team stands out for its versatility and adaptability to diverse contexts. It demonstrates genuine attentiveness and places understanding needs at the heart of its work. Its organisational rigor is reflected in well-prepared and efficiently conducted meetings, which streamline communication and facilitate decision-making.’
The team maintains a competitive edge thanks to its professionalism, responsiveness, and ability to combine technical excellence with strong interpersonal skills. These elements make this team a high-performing, pragmatic, and attractive partner, capable of delivering top-quality service while committed to continuous improvement.’
‘Mylène Boché is exceptional both for her strategic contributions and her knowledge of procedures, and for using them not to facilitate a smooth transition but to help businesses rebuild.’
‘They are fully capable of handling cases with an international dimension.’
Bryan Cave Leighton Paisner
Bryan Cave’s client base encompasses debtors, creditors and stakeholders as well as insolvency practitioners, with the team’s comprehensive portfolio encompassing both insolvency and pre-insolvency procedures as well as financing advice for distressed businesses. Practice head Didier Bruère-Dawson is lauded for his expertise in distressed M&A deals with international elements, while Marie Gicquel is a name to note for insolvency litigation.
Responsables de la pratique:
Didier Bruere-Dawson
Autres avocats clés:
Marie Gicquel
Les références
‘Didier Bruere-Dawson is an excellent lawyer. He provides comprehensive support to his clients, going beyond his advisory role within the context of a specific procedure.’
‘A highly competent, available, and responsive team. The team members complemented each other very well.’
‘We worked with Didier Bruere-Dawson and Marie Gicquel, who are very competent and complementary. They are interchangeable and very attentive.’
Principaux clients
Luckyway
OrbiMed
Groupe Alphitan
Greenmot
People&Baby
Eiffage
Auchan
Sia Academy Vitality
CNL Netherlands
Keter Holdings
Allibert
Principaux dossiers
- Advised on the out-of-court restructuring of Luckyway’s France-based subsidiaries through negotiations with stakeholders.
- Advised OrbiMed on setting up a €100m loan agreement through a structure with Poxel in out-of-court proceedings.
- Advised Groupe Alphitan on its restructuring and with the acquisition of a stake in the company by Waterland Private Equity.
Dentons
Led by Audrey Molina, Dentons‘ restructuring, insolvency and bankruptcy team works seamlessly with experts from practice groups such as banking, litigation, employment and corporate, to provide clients with a comprehensive service. The department is equipped to handle the full spectrum of advice on distressed companies and insolvency procedures, including the sale of assets, distressed M&A and debt trading with a strong emphasis on multi-jurisdictional work.
Responsables de la pratique:
Audrey Molina
Les références
‘Grande expertise.’
‘Genuine listening skills and availability on complex topics with complex timelines.’
‘Efficiency, transparency, support for company management.’
Principaux clients
Revolve Group. Inc
Lacelier
Dalloyau
Fulgur Capital LP
Pygmalion Capital Advisers
Synthesia Technology
SA Hospitality Group LLC
Skybox Security Inc.
Principaux dossiers
- Advised Revolve Group Inc., a NYSE-listed fashion e-retailer targeting millennial and Gen Z consumers, on the acquisition of the business and assets of Alexandre Vauthier, a renowned French haute couture fashion house, through a court-supervised insolvency sale.
- Advised Lacelier Group, a French-based designer, manufacturer and distributor of lingerie and swimwear (notably under the Bestform, Lou, and Cherry Beach brands), in connection with its multi-jurisdictional restructuring.
- Advised Dalloyau Group on its judicial reorganisation proceedings (procédures de redressement judiciaire).
Franklin
Franklin is sought out by both creditors and debtors seeking advice on the acquisition of distressed assets, including due diligence and communication with relevant authorities, as well as support in insolvency proceedings, including administration, mediation and liquidation. The team is led by Numa Rengot, who is particularly well versed in representing directors in post-insolvency actions. Laura Bavoux left the firm in February 2026.
Responsables de la pratique:
Numa Rengot
Les références
‘The team is highly qualified, professional, very committed, and always available.’
‘The team distinguishes itself through its versatility and responsiveness, combining technical expertise, strategic vision, and a pragmatic approach.’
The team offers a highly accessible and responsive client service, with targeted recruitment and strong internal collaboration.’
‘We highly recommend Numa Rengot.’
‘Numa Rengot stands out for his exceptional technical expertise, unwavering commitment, and profound understanding of his clients’ operational challenges. His ability to anticipate risks, propose pragmatic solutions, and effectively defend his clients’ interests makes him a trusted advisor.’
‘They are extremely competent and responsive. They are effective in achieving the desired outcome for my company, and they went the extra mile to ensure that we understood the nuances of a new area of law for us in a foreign jurisdiction. I highly recommend them for their bankruptcy expertise.’
Principaux clients
AFC Promotion
Air Austral
Apicap
Baltis, Homunity and Citesia
Capital Hospitality Europe
Catella Hospitality Groupe
Chemet SA & Chemet GLI
Citytaps
Eolmed
Groupe Avenel
Groupe Diffusion Plus
Groupe IBL Ltd
Groupe Magellim
Groupe Matière
GTE Automotive
Imprimeur Maury
Imprimerie Mordacq
Mainbot
La Maison Fourgeot
MTB 111
La Région Hauts de France
République du Congo
Regroupement et Diffusion de Saint-Lubin
Réside Etudes Senior
Sprint
UPMEM (Qualcomm)
Principaux dossiers
- Advised GTE Automotive on the acquisition and recapitalisation of Durisotti through amicable proceedings, including a €5.1m capital injection and a complex public-private financing package, supporting the creation of a European Centre for Low-Carbon Mobility in Northern France.
- Advised Imprimerie Mordacq on its judicial reorganisation, securing approval of a continuation plan under the classes of affected parties regime – preserving 80 jobs and ensuring business continuity amid severe financial pressures.
- Advised MTB111 and its founder-CEO on court-supervised restructuring and the sale of its business to Creative Core Business, securing court approval for a solution that preserved 75 jobs and ensured business continuity.
FTPA
FTPA‘s practice strengths include advice on the acquisition of distressed companies and assets, the negotiation of restructuring plans and representation in court-administered insolvency proceedings. Edouard Fabre frequently advises court-appointed administrators, and leads the team alongside Romain Lantourne, who is well versed in financial restructurings and related litigation, while also advising potential bidders on takeover plans.
Responsables de la pratique:
Edouard Fabre; Romain Lantourne
Les références
‘A highly responsive team with top-tier technical skills capable of handling cross-functional issues.’
‘Romain Lantourne’s analytical precision is a defining characteristic.’
‘Availability, competence, tenacity.’
‘Flexibility, technical capacity, proximity.’
‘FTPA’s restructuring team is distinguished by its dynamism and strong commitment to turnaround and insolvency proceedings. It combines solid technical expertise with an operational approach, enabling it to deliver rapid and effective solutions.’
‘The team stands out for its ability to work in synergy with the firm’s other departments, particularly corporate, litigation, and real estate, allowing it to address complex situations holistically.’
‘Romain Lantourne is particularly recognised for his strategic thinking and his ability to resolutely defend his clients’ interests. He excels in managing both legal proceedings and amicable negotiations, combining legal expertise with a practical vision.
‘Romain Lantourne’s committed and innovative approach positions him among the leading practitioners in the French restructuring market.’
Principaux clients
GMD
Creditors’ representatives of People & Baby
Finotel
Atradius
Hin Shing Investment
Les Petits Berceaux
Principaux dossiers
- Advised GMD on the negotiations with its financial partners for the purpose of its financial and legal restructuring, and its sale to the the Chinese group Suzhou.
- Advised BTSG and MJA, court-appointed receivers of People & Baby, on the implementation of the reorganisation plan with affected party classes and its related litigation with former shareholders and managers.
- Advised SIFA on in the context of the takeover of its own subsidiary, Réunion Transit, which is subject to rehabilitation proceedings.
Lamoure Rivals
A boutique specialising in restructuring and insolvency matters, Lamoure Rivals has established expertise in the real estate, tech, IT, and manufacturing sectors and stands out for its strength in advising PE funds on underperforming LBOs and distressed M&A operations during pre-insolvency proceedings. The team is jointly steered by Bérangère Rivals, who covers restructuring disputes, and Lionel Lamoure.
Responsables de la pratique:
Bérangère Rivals; Lionel Lamoure
Autres avocats clés:
Camille Grangier
Les références
‘A dynamic, responsive and highly competent team.’
‘A responsive and caring team.’
‘Bérangère Rivals and Camille Grangier interact perfectly.’
Principaux clients
Andera Partners
Crédit Mutuel Equity
123 Investment Managers
FrenchFood Capital
IdiCo
STEF group
Covivio Hotels, member of Covivio group
Gecina
Foncière de Paris SIIC
Eurotitrisation
FNB Private Equity
Crédit Mutuel Factoring
Factofrance
La Banque Postale Leasing & Factoring
La Banque Postale Bank
Quintet Private Bank (Luxembourg)
European Real Estate Debt Fund
Alpiq Energie France
Moncey Avocats
Moncey Avocats combines expertise in private equity, M&A, restructuring, financing, tax and litigation to support clients in LBO transactions and restructuring matters. Practice head Pierre-Alain Bouhénic has a notable specialism advising on corporate turnaround strategies, while Thibault Lefort is well versed in both out-of-court and in-court matters, including safeguard and conciliation proceedings.
Responsables de la pratique:
Pierre-Alain Bouhénic
Autres avocats clés:
Thibault Lefort
Les références
‘Relevance of recommendations, negotiation skills, ongoing commitment. ’
‘A highly technical and inventive team. Their unwavering availability in crises is a significant advantage. The leader of the company in crisis is heard and supported effectively and attentively.’
‘Pierre-Alain Bouhénic represents the very pinnacle of practice, focused on finding tailor-made solutions adapted to the client’s challenges, regardless of the company’s size. Thibaut Lefort supports him with remarkable tenacity and a high level of expertise in guiding companies through crises.’
‘High responsiveness, excellent customer service and negotiation skills. The partners and senior members of the team are of a rarely seen calibre.’
‘I have had the opportunity to work with the team led by Pierre-Alain Bouhénic. I found the team to be extremely professional, pragmatic, and deeply committed to achieving the best possible outcome for their clients. What stands out is their ability to tailor their approach to the specific circumstances of the client, ensuring that every decision is not only legally sound but also strategically aligned with the client’s business objectives.’
‘The team differentiates itself by combining technical excellence with a very practical, outcome-oriented mindset. They are not afraid to take a clear stance, propose a coherent strategy, and follow it through diligently. Collaboration is also a real strength: they work seamlessly with both clients and other stakeholders, ensuring smooth execution even in complex matters.’
‘Pierre-Alain Bouhénic consistently demonstrates transparency, clarity, and foresight. From the outset, he lays out a strategy that is both realistic and coherent with the expected outcome, and he ensures that every step remains aligned with this vision. What I have value most is his attentiveness to our firm’s particular circumstances and constraints, and his ability to adapt while still keeping the final goal in sight.’
‘Pierre-Alain Bouhénic is highly regarded in the market and is an excellent professional.’
Principaux clients
Groupe Eolane
Gascogne
Flacks Group
Hotel de Paris (IFF)
CAFOM
Enerlis (Loris ENR)
Principaux dossiers
- Advised Flacks Group on the acquisition of the paper division of the Imerys Group, a publicly listed company on the Euronext, specialising in the production and conversion of industrial minerals in a distressed context.
- Advised Gascogne group (whose parent company, Gascogne SA, is listed on Euronext Growth) on two operations in line with the restructuring of the group carried out since 2014 and fundamental to its future.
- Advised Hotel de Paris on a global takeover bid for some twenty luxury hotels in France before the Paris Court.
Norton Rose Fulbright
Noted for its experience in cross-border insolvencies, Norton Rose Fulbright demonstrates particular strength in acting for financial institutions, with the team also frequently collaborating with experts from departments such as energy, infrastructure, real estate and healthcare. Philippe Hameau heads the practice and is an experienced litigator. He is well supported by Guillaume Rudelle.
Responsables de la pratique:
Philippe Hameau
Autres avocats clés:
Guillaume Rudelle
Les références
‘The Norton Rose Fulbright team has excellent expertise in restructuring; their high-quality work has resulted in several important legal precedents in French insolvency law.’
Principaux clients
StandardAero
Fibre Excellence
GFG Alliance
Bank of China
Ramsay Santé
Principaux dossiers
- Advising StandardAero on the insolvency proceedings of CAIRE (Air Guyane & Air Antilles), including asset recovery (engines), and subsequent takeover by Air Antilles and related litigation.
- Advising Ramsay Santé on the successful bid to acquire COSEM assets in the context of the insolvency proceedings of COSEM, as well as advising on the implementation of the sale and representation in related litigation.
- Advising Bank of China on the debt restructuring and insolvency proceedings of the real estate investment group Foncière Immobilière Bordelaise, as well as representing the client in related litigation.
Osborne Clarke
Osborne Clarke‘s restructuring and insolvency team works together seamlessly with the firm’s corporate and employment experts, covering the full range of out-of-court prevention proceedings such as ad hoc assignments, court-ordered reorganisations and judicial liquidation proceedings, as well as asset and business acquisitions. As head of the department, Nassim Ghalimi advises a diverse client base that includes debtors, shareholders, creditors, and corporate managers, the latter of whom frequently seek guidance on liability-related matters. Ghalimi is well supported by Paul Lafuste.
Responsables de la pratique:
Nassim Ghalimi
Autres avocats clés:
Paul Lafuste
Les références
‘Their competence and ability to work as a team with all team members, and even colleagues outside the team, makes it clear that issues are being addressed in their entirety and complexity.’
‘Paul Lafuste has a broad perspective, which gives him the ability to anticipate and think several steps ahead, with a quiet strength that is particularly reassuring for the client.’
‘Close management, technical expertise, flexibility.’
‘The distinctive features of the Osborne Clarke team lie in its unique combination of legal rigour, business acumen, and operational pragmatism.’
‘Excellent expertise in insolvency proceedings, consolidated by regular practice before commercial courts throughout France.’
‘High responsiveness and availability, which are decisive factors in our line of work, where deadlines are extremely tight.’
‘The ability to work in a multidisciplinary team, mobilising complementary specialists (employment law, tax law, commercial law) when necessary.’
‘High-quality contacts, such as Nassim Ghalimi and Paul Lafuste, whose technical and strategic complementarity provides us with genuine security.’
Principaux clients
Arcole
Groupe Philogeris
Hopium
O2 Capital
VIC
Casra Capital
HMS
RCF Holding (Groupe Bollon)
Inteliphage
Selarl S21Y
Rossow
SNCF Retail & Connexion
RATP Travel Retail
Pristine
Principaux dossiers
- Advised Philogeris Group on the elaboration and implementation of its global restructuring strategy.
- Advised Hopium on its judicial reorganisation proceedings, placed under the classes of affected parties regime.
- Advised O2 Capital on the preservation of its rights and interests within the framework of the global restructuring of the Réalités real estate group.
Rescue Law
Rescue Law‘s varied portfolio includes advice on financial restructurings, underperforming investments, and litigation procedures, with practice head Serge Pelletier‘s recent workload extending to the acquisition of assets during receivership proceedings. Sollenn Schlatter supports Pelletier in both contentious and non-contentious matters. New arrivals include Virginie Verfaillie Tanguy and Morgane Valla, who joined the team in January 2026 from VALOREN.
Responsables de la pratique:
Serge Pelletier
Autres avocats clés:
Sollenn Schlatter
Principaux clients
Arcole Industries
Phinancia Management
Prologia
Urban COD
DuF Holding
Instant System
Fédération Française de Cyclisme – IDF Committee
Groupe Ténor
Cash Converter
B&B Hôtels SAS
DxO Labs
BIG GROUP (Big Fernand)
Atlays
Virtual Time
Hôtel de Trémoille (JJW group)
Davenir Group
JIPE
Principaux dossiers
- Advised Phinancia Management, a specialist in organisational restructuring and transition management, on the acquisition of certain assets of Locamod, in the framework of receivership proceedings leading to a sale plan.
- Assisted Prologia (Apavou group) in defending its interests and recovering its debts from other companies in the Apavou group in judicial liquidation.
- Advised a potential buyer – a consortium of 3 companies (Urban COD, DuF Holding and Instant System) – on the acquisition of certain assets of Virtuo Technologies, a 100% digital vehicle rental platform, in the framework of receivership proceedings leading to a sale plan.
Simon Associés
Simon Associés focuses on advising debtors, managers and investment funds, with the team’s areas of strength encompassing advice on financial restructurings and the aquisition of distressed assets. Emmanuel Drai supports clients with amicable settlements and insolvency procedures, while Hubert de Frémont excels at the intersection of insolvency and employment law. Jean-Charles Simon is a port of call for matters with international elements with noteworthy strength advising on acquisitions and disposals.
Autres avocats clés:
Emmanuel Drai; Hubert de Frémont; Jean-Charles Simon
Principaux clients
Casino/C-Discount
Adduxi
GC Consult
Alkor
Association Amli (Batigere)
Hougou
Company Lebon
Principaux dossiers
- Advised C-Discount on the restructuring of its financial structure and equity capital in the context of the restructuring of the Casino Group.
- Advised GC Consult to set up a legal scheme and a strategy allowing it to take over Groupe Viallet.
Squadra Avocats
Squadra Avocats
excels in advising domestic and foreign groups on restructuring underperforming subsidiaries, with the team’s areas of expertise encompassing judicial insolvency proceedings as well as takeover bids and the acquisition of distressed assets. Practice head Charles Morel frequently assists banks, bond creditors and debtors during conciliation proceedings, while Emilie Rosier is recommended for advice on disposal plans.
Responsables de la pratique:
Charles Morel
Autres avocats clés:
Emilie Rosier
Les références
‘Charles Morel’s team is agile, responsive, and pragmatic, ensuring that their advice and interventions in negotiations are always highly appropriate. The team is also well-known among court-appointed administrators, who respect and recognise its professionalism.’
‘A team that listens attentively to the issues presented by its client, is solution-oriented, and skilled in negotiation.’
‘Charles Morel managed our case very directly and was the driving force behind our success. We owe him a great deal thanks to his attentiveness, his skilful negotiation, and his remarkable ability to synthesise information and gain the support of his interlocutors. Emilie Rosier handled all the drafting aspects, and there were many. She synthesised the various positions and performed meticulous work by comparing document versions, which is crucial in legal matters surrounding protocols involving numerous stakeholders.’
‘Dynamic team, with a very good understanding of the business and a very good knowledge of the files. Accessible and reliable staff.’
‘The team has grown considerably under the leadership of Charles Morel, and now has a critical size allowing for broad coverage of multiple cases and responsiveness.’
‘Charles Morel is an excellent lawyer, attentive and proactive. He reassures clients, informs them, and guides them toward appropriate solutions.’
‘I collaborated with the firm on the acquisition of a company in difficulty. They are very professional.’
‘I worked with Charles Morel, who is an excellent practitioner with extensive practical expertise in insolvency law. He is extremely responsive and pragmatic.’
Principaux clients
BRESCIA INVESTISSEMENT / CARL’S JUNIOR
MAASH
SELAFA MJA – Liquidation judiciaire de SARL ALEXANDRE VAUTHIER
THE APP LAB
DALLOZ CREATIONS
KOMODOR STUDIOS
HEROES MEDIA
NEXTSTAGE AM
SANTANDER
RAKUTEN
Alliance – Me Gurvan OLLU (AAA DATA)
Principaux dossiers
Stephenson Harwood
Stephenson Harwood is geared to handle ad hoc mandates as well as safeguard, recovery, and judicial liquidation proceedings with noteworthy strength in disputes and liability claims. The team is headed by the experienced litigator Alexandre Koenig, who is noted for his involvement in complex recovery proceedings. Lauriane Chauvet‘s practice includes advice on financial restructurings and company takeovers.
Responsables de la pratique:
Alexandre Koenig
Autres avocats clés:
Lauriane Chauvet
Les références
‘Availability, responsiveness, expertise, advice, pragmatism.’
‘A technically skilled and dedicated team.’
‘Excellent team.’
‘Alexandre Koenig is a rising star. Highly competent, attentive, and produces quality work.’
‘Use of standard communication and document exchange tools (video conferencing, Teams shared folders). Proficiency required.’
‘Alexandre Koening and Lauriane Chauvet demonstrate great availability, pedagogical skills and are very astute strategists.’
‘High level of expertise. High responsiveness and efficiency.’
‘Within the team, one person stood out in particular: Alexandre Koenig did an exceptional job.’
Principaux clients
Almaviva Santé
Établissements Sogal (Groupe CMAI)
The Foundry Visionmongers Limited
Pro Aviation CRJ1000 Leasing LLC (Regional One and Petrus Aviation’s joint venture)
Foliateam
Foliateam A2COM
Trafigura
Tecalemit Tubes
Teak Capital
GPack
Principaux dossiers
- Advised Almaviva Santé on its strategic acquisition of the Sainte-Marguerite clinic (Hyères), combining a court-approved asset deal in receivership proceedings with a major real estate transaction for the purchase of the clinic’s premises.
- Advising and assisting The Foundry Visionmongers, a UK-based company and key visual effects software provider to the Technicolor Group, in the context of the receivership proceedings initiated against several French entities of the Technicolor Group.
- Advised the CMAI Group, a manufacturer of interior doors, on the acquisition of selected assets and activities of the Keyor group, notably Magri and Réseau Bois, in receivership proceedings, and on the implementation of the transaction, including post-acquisition negotiations with contractors and various third parties.
UGGC Avocats
UGGC Avocats is well regarded for its expertise in pre-insolvency proceedings, including debt renegotiation and share acquisitions, while also frequently representing clients in safeguard, receivership and liquidation proceedings. Jointly steering the team, Thierry Montéran and Marine Simonnot‘s broad practice extends to insolvency-related litigation.
Responsables de la pratique:
Thierry Montéran; Marine Simonnot
Les références
‘Highly involved and highly skilled’
‘Marine Simonnot is very involved in the cases, and her expertise is highly valued; she is a true professional.’
‘Marine Simmonet is a leading practitioner – dynamic with a great grasp of complex cross-border insolvencies.’
Principaux clients
General Electric Wind France
Paris 2024
FNAC-Darty
EDF
EDF Pulse
SNCF Réseau
Dalkia
Hiventy Group (HIG)
Hôpital Foch
YKK
Thermofisher
Armoric Holding
Guyamazone Group
Carmel Fast Track Limited
Paralloy Ltd
Art-FI
Nimbus
Vandeputte Holding
Sides
Lorenz and Hamilton Group
Soficoop
AAA Data
Fédération Nationale du Bois
Elco
Cendre + Métaux
Alice & Bob
La Caisse d’Assurance Vieillesse des Experts-comptables et des Commissaires aux comptes (Cavec)
Green Network
Stenpa
Création Investments (SYBEL)
Divine SAS
Caraïbes Investissements’ receiver, Maître Leïla Valleray-André
Trowers & Hamlins
Principaux dossiers
- Advised Soficoop’s receiver, Selas BL & Associés, in the context of the safeguard proceedings now converted into receivership of Soficoop.
- Advised d Vandeputte Holding on the acquisition of a distressed entity, Sopronem, a French soap and detergent manufacturer, in the context of its receivership proceedings opened by the Melun Commercial Court on 9 September 2024, including the follow-up to this takeover and the drafting of the transfer deeds.
- Advised YKK (zipper) on the receivership of Le Coq Sportif.
VOLT Associés
Covering all phases of restructurings, VOLT Associés‘s client base includes banks, investment funds, shareholders and corporates. The team is lauded for its experience in turnaround plans, distressed debt restructurings and insolvency-related litigation, with a notable focus on advising investors on the acquisition of distressed companies. Practice head Alexis Rapp demonstrates strength in safeguard proceedings, distressed M&A and advice on failing LBOs.
Responsables de la pratique:
Alexis Rapp
Les références
‘A young and highly technical team, suitable for all types of companies, and always available.’
‘Alexis Rapp, particularly accurate in his advice and strategies.’
‘A highly efficient, available, attentive, and professional team. In this highly technical and sensitive process, Volt was indispensable.’
‘The team led by Alexis Rapp is a young, technical and always available team.’
‘He is brilliant, efficient, and possesses exceptional legal acumen.’
‘In-depth knowledge of judicial conciliation procedures and their environment, strong negotiating skills, and excellent client relations.’
‘Alexis Volt Negotiation skills, smooth client relations, excellent knowledge of the judicial conciliation environment, sound legal expertise in restructuring, responsive, efficient.’
‘The team is efficient and reliable; they know how to deliver high-quality work, even under very tight deadlines.’
Principaux clients
AEW GROUP
SOGECAP
TUDIGO
F&A ASSET MANAGEMENT
C4 INDUSTRIES
Groupe BPCE
BPRI
Principaux dossiers
Alerion
Under the leadership of Gilles Podeur, Alerion handles a broad scope of work, including advice on both insolvency proceedings and related litigation, as well as support with conciliation proceedings and distressed M&A.
Responsables de la pratique:
Gilles Podeur
Les références
‘Gilles Podeur was knowledgeable on the topic and was able to swiftly advise us on what was needed to attain the desired result.’
Principaux clients
Flunch
Barbier Legal
A boutique with offices in Paris and Neuchâtel in Switzerland, Barbier Legal is well positioned to handle matters with ties to both countries. Led by Jérôme Barbier, the team frequently acts for distressed companies in conciliation and receivership proceedings, while also assisting buyers on the acquisition of distressed assets.
Responsables de la pratique:
Jérôme Barbier
Autres avocats clés:
Diane Beaupuy-de Thézy
Les références
‘A creative team, available with a deal-making spirit.’
‘The Barbier Legal team is a human-sized team, allowing team members to dedicate themselves to each case without distinction between « small » and « large » cases. Partners Jérôme Barbier and Diane Beaupuy are always available and attentive to their clients and colleagues.’
‘Diane Beaupuy-de Thézy and Jérôme Barbier, are distinguished by their specialised expertise and attention to detail. Their interpersonal skills, which complement their profile, should also be mentioned.’
‘Very available and competent.’
‘It is a close-knit and efficient team, capable of handling cases of all sizes.’
‘Cases are handled exclusively by experienced lawyers.’
‘Jérôme Barbier stands out for his commitment to serving his clients.’
‘A highly professional and complementary team. Excellent advice, and their high level of professionalism and practical experience are evident. Precise and meticulous work.’
Principaux clients
XYLO
GROUPE BELLON
PAT COM
Groupe OUI CARE
HORTISOLOGNE
BAGHERA
MYRIADE
LES BURGERS D’ANNIE
ASI INNOVATION
SCI DE MONTAIGUILLON
TEEZILY
Principaux dossiers
- Advised the Xylo Finance Group on receivership proceedings involving 15 entities of the group, in order to restructure the group’s debt of €13m and to enable it to continue its activities.
- Advised six companies within the Bellon Group on three insolvency proceedings to restructure bank debt.
- The firm assisted PAT COM in relation to the receivership proceedings and the drafting of the reorganisation plan including the abandonment of a percentage of the bank debts.
Chammas & Marcheteau
Chammas & Marcheteau handles a busy workload, including advice on receivership proceedings, debt restructurings and recovery plans, with the team offering a wealth of experience in the medical devices, real estate, insurance and TMT sectors. Practice head Stéphane Cavet has a track record advising clients, including SME debtors, investors and buyers, on the prevention and management of distressed situations.
Responsables de la pratique:
Stéphane Cavet
Les références
‘The Chammas team distinguishes itself through its professionalism, availability, and ability to effectively support its clients in complex cases. It combines technical rigour with pragmatism, making it a recognised and respected player in the market.’
‘Within the team, Stéphane Cavet stands out in particular. A tenacious and determined lawyer, he is also an excellent negotiator whose expertise is universally recognised. He fights resolutely to defend his clients’ interests and achieves exceptional results, even in the most challenging situations.’
‘An efficient and well-integrated team. The team demonstrated creativity during the execution of the deal, proposing original structuring and negotiation tactics.’
Principaux clients
HONOTEL
NGE BATIMENT
PRIMAVISTA
BLACK CODE
PKG FOOD
SCI DU 41 HOCHE
Principaux dossiers
- Advised HONOTEL, which has 700 employees and gross operating income of €50m, within the framework of the first phase of the tender process for the hotels owned by LES HOTELS DE PARIS (MACHEFERT GROUP), placed under receivership proceedings.
- Advised NGE BATIMENT, a subsidiary of NGE Group on the judicial liquidation proceeding of SNC TOURS ALBERT.
- Advised PRIMAVISTA within the framework of its insolvency proceeding.
Cornet Vincent Ségurel
Cornet Vincent Ségurel‘s areas of expertise include advice on judicial reorganisation proceedings, the acquisition of shares during conciliation, as well as the negotiation of termination agreements during insolvency proceedings. The practice is jointly steered by Jean-François Puget (Paris), Alexandre Cornet (Nantes), and Thomas Deschryver (Lille).
Responsables de la pratique:
Jean-François Puget; Alexandre Cornet; Thomas Deschryver
Les références
‘Highly experienced restructuring team.’
‘Responsiveness, expertise in the field of restructuring.’
Principaux clients
SHS (Stahl Holding Saar)
IDEX Environment
South Real Estate Investment
Octopeek
Office Dépot
Oxytec
Pimkie
Durisotti
Carrère Promotion
Lener Cordier
Abysse Corp
Tricycle
APHM
Limburgse Reconversie Maatschappij
Principaux dossiers
- Advised the Saarstahl group on the acquisition of the shares of Liberty Ascoval and Liberty Rail Hayange as part of a pre-pack disposal plan. This transaction, carried out under court supervision, allowed the transfer of the two companies, preserving their industrial activity and employment.
- Advising Abysse Corp. in the context of its ongoing judicial reorganisation proceedings.
- Advised Pimkie on a dual safeguard plan for both the holding and operating companies of a group in a distressed sector.
DLA Piper
DLA Piper‘s areas of strength include both structural and capital reorganisations, stakeholder advisory, as well as distressed M&A and insolvency litigation. Leveraging the firm’s international network, the group is particularly recommended for cross-border transactions and matters that require a multi-disciplinary approach. Sandra Esquiva-Hesse leads the practice and has a track record of handling multi-jurisdictional disputes.
Responsables de la pratique:
Sandra Esquiva-Hesse
Les références
‘Smart professionals, creative legal solutions.’
‘Highly professional and responsive. Always available when there’s an important issue to address.’
Principaux clients
PLUG POWER INC
BSH ELECTROMÉNAGER (BSH HAUSGERÄTE)
BNP PARIBAS REAL ESTATE INVESTMENT MANAGEMENT FRANCE SA
TECHLIFE CAPITAL SAS
PREDICT4HEALTH SAS
MCBRIDE PLC
FLEXIM SAS
FORTRESS INVESTMENT GROUP LCC & FREO GROUP
DEUTSCHE BANK
WHITE SUMMIT CAPITAL
GRAHAM & BROWN
ORANGETHEORY FITNESS
Principaux dossiers
- Advised the shareholders of SNC Tours Albert (Fortress Investment Group LLC and FREO Group) on the restructuring of its secured debt and subsequent judicial liquidation, including related construction litigation.
- Advised BSH Electroménager, a strategic supplier of the UBALDI group, on its receivership proceeding, including its role as creditors’ controller, participation in classes of affected parties, support of the restructuring plan, and implementation of a trust to secure debt repayment.
- Advised White Summit Capital on its €150m equity and debt investment in Energy Efficiency‑as‑a‑Service projects in France through Powesco, including securing the transaction via conciliation proceedings.
FIDAL
FIDAL demonstrates proficiency across the full spectrum of capital restructuring, including debt to equity swaps, override arrangements and buy-outs. Recently, the team has been particularly active in the real estate, retail and agriculture sectors, supporting clients in receivership, conciliation and liquidation proceedings. Former co-heads Arnaud Roiron and Isabelle Vincent left the firm in September 2025.
Responsables de la pratique:
Brigitte Petitdemange
Autres avocats clés:
Antoine Assié; Yves-Marie Herrou; Patrick Espaignet; Mathieu Aurignac; Hedy Saoudi
Principaux clients
SOCIETE GENERALE
CIC, BRED, BNP PARIBAS ET SOCIETE GENERALE
RAJSUJEE INTERNATIONAL, CHOLAA KNIT WEAR, GG FASHION
GROUPE DALBY
INSTEP
SOFICOOP
SEMAT
EUROFEU SECURITE
GROUPE CARRERE
EASYMILE
YAMAICHI HOLDINGS
LE COMPTOIR DE MATHILDE
INSPEARIT
VERNEY-CARRON
EUROPLASMA
SOCIETE GENERALE
CIC, BRED, BNP PARIBAS ET SOCIETE GENERALE
RAJSUJEE INTERNATIONAL, CHOLAA KNIT WEAR, GG FASHION
GROUPE DALBY
INSTEP
SOFICOOP
SEMAT
EUROFEU SECURITE
GROUPE CARRERE
EASYMILE
YAMAICHI HOLDINGS
LE COMPTOIR DE MATHILDE
INSPEARIT
VERNEY-CARRON
EUROPLASMA
Principaux dossiers
- Advised Groupe Carrere on rehabilitation proceedings, notably with the establishment of classes of affected parties.
- Assisting SOFICOOP, the debtor, in the context of the rehabilitation proceedings with the constitution of classes of affected parties.
- Fidal assisted suppliers with the rehabilitation proceedings of Jennyfer.
Le 16 Law
Dispute resolution is at the heart of Le 16 Law’s practice, with the team frequently advising on enforcement and liquidation proceedings, liability claims and insolvency-related criminal offences. Practice head Alexandra Szekely has a strong background in French, EU and US insolvency law and is sought out by debtors, creditors and shareholders for advice on in-court and out-of-court proceedings.
Responsables de la pratique:
Alexandra Szekely
Principaux clients
Casino (Quatrim)’s Senior Secured Noteholders
Banque Cantonale de Genève
Antom Patrimoine’s French investors
Heubach Colorants
Santander
Pekao Bank
An investment fund creditor of Capelli Lux
The shareholder and managing director of The Family group
Patrizia immobilier
Principaux dossiers
- Advising a majority of senior secured noteholders holding more than two-thirds of a €553m bond issuance in the context of the Casino group restructuring of €6bn debt.
- Advising and representing a Swiss bank in several insolvency proceedings opened in France against the Swiss bank’s debtors.
- Advising an investment fund creditor of the Capelli real estate group in reorganization and liquidation proceedings.
Renault Thominette Vignaud & Reeve
Renault Thominette Vignaud & Reeve advises debtors and shareholders in both pre-insolvency and insolvency proceedings, while also demonstrating proficiency in supporting creditors targeting distressed companies and assets. Led by Jason Reeve, the team has particular experience in the retail and construction industries.
Responsables de la pratique:
Jason Reeve
Les références
‘A very cohesive and competent team in business law, particularly in the area of restructuring.’
‘Jason Reeve stands out for his technical and economic expertise, demonstrating a high level of competence in restructuring operations. His ability to develop tailored strategies, his complete commitment to client support, and his strong emphasis on negotiation are also noteworthy. His fluency in English further enhances his ease and elegance in handling cases.’
‘Recognised practice in restructuring.’
‘Competent and responsive team.’
‘Excellent, dynamic and serious team’
‘They are responsive and constructive, and are key drivers in finding balanced solutions.’
‘Jason Reeve was able to help us, advise us, and propose solutions. He also assisted us with the banks during negotiations and with one of our clients. We are continuing to work with him because we were extremely satisfied with the quality of his work, his speed, and his availability.’
‘The team at Renaud Thominette Vignaud & Reeve is known for its availability and its ability to handle diverse cases with diligence and efficiency. It combines technical expertise with pragmatism, offering tailored support for both amicable and contentious situations.’
Principaux clients
Elite Center (GROUPE CLINIQUE CHAMPS ELYSÉES)
PIER IMPORT
BABEL
GROEP ALAIN BROEKAERT
COMPAGNIE DES ALPES
SODISTOUR
COPAC
Principaux dossiers
- Advised a group’s management on the opening of conciliation proceedings for the group’s holding and its main operational subsidiary following negotiations with the Group’s main creditors.
- Advised the Pier Import’s management on the opening of conciliation proceedings, and the following negotiations with the Group’s main creditors.
- Assisted Babel in the opening of a conciliation proceeding aimed at (i) restructuring the Group’s debt and (ii) operating a change of control in favour of Arcole fund.
Steering Legal
Steering Legal‘s team has established experience in cross-border conciliation procedures and restructurings, with clients benefiting from the firm’s expertise across its offices in Brazil, the Middle East, and Africa. Leading the practice alongside the expert for asset acquisitions and disposals David Lussigny, Sébastien Fleury is well versed in insolvency-related litigation and enforcement proceedings.
Responsables de la pratique:
Sébastien Fleury; David Lussigny
Principaux dossiers
VALOREN
Experienced in the food, finance, chemistry and retail segments, VALOREN‘s varied practice extends to advice on amicable proceedings, financial restructurings and distressed M&A deals. Virginie Lockwood is recommended for social restructuring plans and redundancies related to disposal rulings. Former co-head Virginie Verfaillie Tanguy and her team left the firm in January 2026.
Responsables de la pratique:
Virginie Lockwood
Les références
‘Very responsive, very attentive’
‘The entire team is of high quality.’
‘Meticulous analysis of complex situations, precise monitoring of key stages in a case and responsiveness.’
Principaux clients
G FINANCES
C2 CORNER – QASHFLO
AXYNTIS GROUP
LE SLIP FRANCAIS
6-24 PARTICIPATIONS – LIGERIO
CAMPUS FONDERIE DE L’IMAGE
MILEE
NEUFTEX
CAFÉ COTON
LOCAMOD
Principaux dossiers
- Advised LE SLIP FRANCAIS, a French manufacturing company, on a conciliation agreement, renegotiationg more than €10m.
- Advised on the acquisition of a stake in LIGERIO, a company in receivership.
- Advised the liquidators of MILEE on dismissing employees and managing the departure of dismissed employees during the observation period.
Winston & Strawn LLP
Winston & Strawn LLP
has a track record in conciliation proceedings and judicial reorganisations, with the team’s broad practice also encompassing insolvency-related employment issues as well as directors’ liability topics. Leading the practice, Julie Cittadini is particularly recommended for debt renegotiations and asset takeovers, with her practice spanning from ad hoc mandates to liquidation proceedings.
Responsables de la pratique:
Julie Cittadini
Les références
‘Julie Cittadini is very thorough, pragmatic, and committed.’
‘Agility, flexibility, rigour and availability.’
‘Julie Cittadini and her team form an effective collective. Kindness and a human touch, beyond the specific traits mentioned above, perfectly characterise Julie.’
‘Availability, the quality of writing, particularly of the conclusions, and the competence of the teams.’
‘Julie Cittadini: a fighter who gives courage and hope when we lose them.’