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David Harding's practice focuses on cross-border corporate restructurings, distressed acquisitions, and formal insolvency proceedings. He has particular experience in restructurings involving equity, including debt for equity swaps and the structuring of acquisitions by NewCo entities, and the creation of joint venture investment platforms.

David acts for a diverse range of clients, including investment banks and hedge funds holding distressed debt, corporate debtors (or their directors and shareholders), and insolvency office holders in successfully transitioning assets, management, and operations.

David has recently advised AlbaCore Capital on its co-investment in a €500m platform to acquire NPL portfolios across Europe (alongside Lindorff and Carval); BHS International on the acquisition of the digital and international business of UK retailer, BHS; the liquidators of Value Discovery Partners in the context of a restructuring and wind-down of a US$1 billion fund; certain funds on the acquisition of various property portfolios (including the acquisition of distressed debt secured by Q Hotels from IBRC); a leading investment bank on the restructuring and acquisition of the Opal student housing portfolio; creditors in the insolvencies of Monarch Airways, Thomas Cook, Air Berlin, Clinton Cards, Connaught plc, and Ennstone plc; and on numerous restructuring matters and acquisitions for funds such as AlbaCore Capital, Aurelius Group, Canyon Capital Advisors, Cross Ocean Partners, ESO Capital, RoundShield Partners, and the Lone Star Funds.


  • AIP acquires Aluminium BelgiumJones Day advised American Industrial Partners in the acquisition of 100% of the shares of Aluminium Belgium BV, the parent company which owns Aluminium Duffel, from Ecnavla 8 UK Ltd.
  • High net worth property investor brings parallel civil fraud and criminal claims related to joint venture arrangementJones Day is advising a high net worth property investor in respect of civil claims against a joint venture partner for breach of contract, breach of fiduciary duty, and deceit arising in the context of a joint venture with a complex offshore holding structure.
  • Aurelius sells remaining Office Depot Europe business to strategic buyer RAJA GroupJones Day advised AURELIUS Equity Opportunities in the sale of Office Depot Europe, which includes the remaining Viking and Office Depot Europe activities to strategic buyer RAJA Group.
  • Leading automotive components and systems supplier obtains $100 million senior secured term loan facilityJones Day represented a leading automotive components and systems supplier in connection with a $100 million senior secured term loan facility.
  • Dearman Engine Company enters administrationJones Day advised Geoffrey Bouchier and Benjamin Wiles of Duff & Phelps (the "Administrators") as joint administrators of Dearman Engine Company Limited (in administration) (the "Company") in an expedited and successful rescue of the Company’s business.
  • Clintons greeting cards retailer sold out of administration to Esquire Retail LimitedJones Day advised AG Retail Cards Limited t/a Clintons (the "Company") in its exploration of sale options to secure the future of the business and in its discussions with stakeholders with a view to entering into a Company Voluntary Arrangement.
  • Credit fund restructures UK property developerJones Day advised a credit fund in connection with the restructuring of its investments in a significant UK property development and investment company.
  • Boeing agrees to Monarch's CVA proposalJones Day represented The Boeing Company, a major creditor of Monarch Aircraft Engineering Limited ("MAEL"), in the restructuring by way of a company voluntary arrangement of MAEL resulting in a compromise of certain historic balance sheet liabilities and further third party funding, returning MAEL to solvency and the ability to continue to trade.
  • Vision Capital restructures UK retailer, BrightHouseJones Day is advising Vision Capital in connection with the £220 million financial restructuring of its subsidiary, BrightHouse (a rent-to-own retailer operating in the United Kingdom).
  • Loxo Oncology acquires drug development program from administrators of RedXJones Day advised biopharmaceutical company, Loxo Oncology, Inc., in connection with its $40 million acquisition of a drug development program aimed at treating leukemia from the administrators of RedX Pharma Plc.
  • American Apparel UK subsidiaries enter administrationJones Day is advising the joint administrators of the retail and wholesale clothing distributor American Apparel (UK) Limited and American Apparel (Carnaby) Limited in respect of the entities' entry into administration and subsequent ongoing trading of the business.
  • AlbaCore Capital co-invests in platform for acquiring European non-performing loansJones Day advised AlbaCore Capital LLP in connection with its co-investment (alongside Lindorff and CarVal Investors) in a platform to invest in unsecured non-performing loans in Europe.
  • Baring Vostok Capital Partners invests in BusforJones Day represented Baring Vostok Capital Partners Limited in connection with its purchase of Convertible Preferred Stock in a private placement by Busfor, an online global bus ticketing platform.
  • Aurelius Group acquires The Hospital GroupJones Day represented the The Aurelius Group, a Frankfurt-based private equity firm, in connection with its acquisition of The Hospital Group, a provider of surgical and non-surgical cosmetic procedures based in Birmingham, UK.
  • BHS International acquires digital and international franchise business from BHS Limited (in administration)Jones Day acted for BHS International in connection with its acquisition of the digital and international franchise business from the administrators of British retailer, BHS.
  • Lone Star acquires majority stake in ShearingsJones Day advised the Lone Star group in relation to the successful acquisition from existing management of the majority shareholding in the Shearings group, one of the largest package holiday and coach tour operators in the UK and owner and operator of over 50 hotels.
  • Liquidators seek advice in relation to dissolution of BVI limited partnershipJones Day is acting as lead advisers to Kenneth Krys and John Greenwood of KRyS Global in their capacity as joint dissolution trustees of Value Discovery Partners L.P. ("VDP"), a very substantial private equity fund.
  • LondonMetric forms joint venture with LVS II Lux X S.a r.l. for £175 million acquisition of portfolio of 27 commercial propertiesJones Day advised LondonMetric Property Plc in connection with a joint venture with LVS II Lux X S.a r.l. for the £175 million (US$287 million) acquisition of a portfolio of 27 DFS commercial properties from the administrators of Delphi Properties Limited.
  • Canyon Capital and Sankaty Advisors acquire loan portfolio secured by QHotels Group from Irish Bank Resolution Corporation LimitedJones Day advised Canyon Capital Advisors LLC and Sankaty Advisors, LLC in the acquisition of a portfolio of loans secured by QHotels Group from Irish Bank Resolution Corporation Limited.
  • Jones Day London advises charity in relation to VAT dispute with HMRCJones Day acted for Sutton Counselling in successfully challenging Her Majesty's Revenue and Customs' ("HMRC") decision that VAT should be paid on amounts received by the charity for providing counselling services to Sutton residents on the basis that these were taxable supplies.