Kay Morley advises stakeholders on all aspects of insolvency and corporate restructuring with a particular focus on European special situations and complex cross-border restructurings. Kay advises hedge funds and other distressed investors on the acquisition of loan portfolios and the implementation of "loan to own" strategies. She regularly advises debtors in distress and private equity portfolio companies. She also advises insolvency practitioners on domestic and offshore situations.
Representative transactions include advising: an ad hoc group of senior lenders on the US$1 billion restructuring of the Syncreon group, which was implemented using an English scheme of arrangement; Triton on the US$1 billion restructuring of German industrial group Galapagos group; Trafigura on its US$3 billion medium-term note (MTN) program in connection with the restructuring of Nyrstar; an hoc committee of senior noteholders on the restructuring of Algeco; a leading financial institution on the US$1 billion restructuring of Russian railcar operator, Brunswick Rail; BVI liquidators on the restructuring and subsequent sale of a US$1 billion private equity fund with assets in Russia, Georgia and the Balkans; liquidators appointed in Saint Vincent and the Grenadines and St. Lucia on the insolvency of hotel group Harlequin; FTI as receivers on the sale of the Whitgift shopping centre; leading U.S. investment manager on the acquisition and subsequent restructure of certain loans provided to the Cosgrave Property Group; and Bain Capital and Canyon Capital on the acquisition and restructuring of Q Hotels.
Extracting value from leveraged businesses: the case of McLaren and its bondholders, Corporate Rescue and Insolvency
- The College of Law, Guildford (Legal Practice Course with commendation 2000); University of Bristol (LL.M. 1998; LL.B. Hons. 1997)
- Solicitor of the Senior Courts of England and Wales
International Finance Law Review (2020) — notable practitioner, restructuring and insolvency
Chamber UK (2021) and Legal 500 UK (2020) — ranked practitioner in corporate restructuring and insolvency