Bermuda:
Wakefield Quin Advises Roust Trading Ltd. In Chapter 11 Pre-Packaged Plan Of Reorganization
26 January 2018
Wakefield Quin Limited
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Wakefield Quin represented Roust Trading Ltd. and its Bermuda
affiliates in connection with Roust Corporation's Chapter 11
Pre-packaged Plan of Reorganization in the U.S. The transaction
resulted in the reduction of the group's existing debt by
approximately $462 million, plus facilitated funding of $55 million
in new equity capital and involved the contribution by Roust
Trading Ltd. of strategic assets to Roust Corporation, including
the market-leading global brand, Russian Standard Vodka.
The Wakefield Quin team, acting as Bermuda legal counsel, was
led by Ian Stone with the assistance of Jemima Fearnside. Skadden, Arps,
Slate, Meagher & Flom LLP, acted as lead counsel to Roust
Corporation.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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