Latham & Watkins has advised the lead committee of creditors of Steinhoff Europe AG in the cross-border restructuring of the Steinhoff group.
Steinhoff group is a major South African retailer with operations in Europe, Africa, the United States, and Australia.
Latham advised on a variety of implementation mechanics, including an extensive lock-up agreement; two parallel and interdependent company voluntary arrangements (including an ultimately resolved challenge to one of the CVAS) and a UK scheme of arrangement with the benefit of US Chapter 15 recognition.
The cross-border Latham team was led from London by partner Simon Baskerville (Picture), Hamburg by partner Frank Grell and New York by partner Adam Goldberg, with London associate Ed Richardson and Hamburg associate Daniel Splittgerber.
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