Paul Fleming


Paul Fleming


London | 160 Queen Victoria Street, London EC4V 4QQ
+44 20 7184 7388 | +44 20 7184 7001

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Paul Fleming advises creditors - including institutional lenders and bondholders - stakeholders, insolvency practitioners and directors on complex domestic and cross-border restructurings and insolvencies. Mr. Fleming is a licensed insolvency practitioner and a member of both R3 and INSOL. Recognized as a leading advisor in restructuring and insolvency and well-known for his legal knowledge and practical approach, his clients include big four accountancy firms Deloitte, KPMG and PwC, as well as multinational financial services companies HSBC and Credit Suisse. 

Mr. Fleming is ranked by Chambers UK, 2018 and 2017 as a leading lawyer for Restructuring and Insolvency, which states that he "stands out" in the market for his work with banks, bondholders and insolvency practitioners on domestic and international mandates. He is also ranked for Restructuring and Insolvency in the 2017 editions of Chambers Global and Chambers Europe. Clients say he is "excellent" and is noted for his strong reputation in the market in the Corporate Restructuring and Insolvency category of The Legal 500 UK, 2017 and 2016. Mr. Fleming is praised in Chambers Global, 2016 for being "passionate about his cases...and creative in that he always tries to look for innovative solutions." Mr. Fleming is described in The Legal 500 UK, 2016 as "excellent" and praised in Chambers Global, 2016 for being "passionate about his cases...and creative in that he always tries to look for innovative solutions."

Prior to joining Dechert, Mr. Fleming served as a restructuring partner at international law firm DLA Piper.


Significant Representations

  • Mechel, advising the Russian mining and steel conglomerate upon the restructuring of its $1 billion PXF facilities.
  • PwC in relation to the Lehman Brothers estate, including complex issues relating to claims of up to £10 billion between estates, assignment of pensions liabilities, and the liability of shareholders to an unlimited company.
  • The Irish National Asset Management Agency in relation to a circa £200 million debt owed by a group of companies associated with a high-profile property developer. This was secured over five London aparthotels which were sold via a series of interlocking CVAs.
  • A major property development group in the restructuring of development loans involving more than 100 properties. The €2.2 billion debt comprised a number of loan agreements with varying terms and covenants.
  • Quarry Hill Investments Limited - acting for KPMG as liquidators of a holding company for a financial group pursuing claims in excess of £210 million.
  • Bondholders regarding the restructuring of Dexia Crédit Locale, a bank that provides a full range of commercial banking services to private and public sectors.
  • Noteholders in the restructuring of Punch Taverns, a pub and bar operator in the United Kingdom.
  • Credit Suisse International concerning swap priority arrangements relating to the securitisation of a nursing homes group.

Includes matters handled at Dechert or prior to joining the firm.

  • London Guildhall University, B.A. (Hons), 1987
  • Chancery Lane Law School, Society Finals, 1989
  • England and Wales

Law Society
R3 Member, Association of Business Recovery Professionals