Chris Horrocks

chris-horrocks

Chris Horrocks

Associate

London | 160 Queen Victoria Street, London EC4V 4QQ
+44 20 7184 7579 | +44 20 7184 7001

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Chris Horrocks advises on restructurings, debt financings and insolvencies across Europe and the emerging markets.  His practice includes initial contingency planning through to implementation and management of complex work outs dealing with multiple stakeholders, as well as more generally advising on distressed investing, distressed debt trades and special situations. 

Mr. Horrocks has significant experience acting for a range of funds and financial institutions on high profile multi-jurisdictional refinancing and restructuring transactions, using the available insolvency and reorganisation tools and processes to achieve his clients’ goals, including schemes of arrangement, pre-packaged administrations and security enforcement.  He has also advised distressed corporates and insolvency practitioners on out-of-court restructuring processes and formal insolvency procedures.

Mr. Horrocks has been involved in a number of direct lending financing transactions as well as having extensive experience of bilateral and syndicated lending and intercreditor structures.

Prior to joining Dechert, Mr. Horrocks served as a senior associate in the business restructuring and insolvency practice of another international law firm. Whilst at the firm, he spent time on secondment as Legal Counsel at a leading global investment banking as well as Legal Counsel at a major UK clearing bank.

Mr. Horrocks is a member of R3, the Insolvency Lawyers’ Association and INSOL International.

Experience

Significant Representations

  • An ad hoc noteholder committee on the restructuring of the US$875 million eurobonds of FESCO plc, a Russian transportation and logistics conglomerate, implementing the eventual deal using a scheme of arrangement.
  • VTB Capital and VTB Bank on the $3.6 billion restructuring of facilities provided to India-based group Essar.
  • An ad hoc group of bondholders of Monte dei Paschi di Siena on certain aspects of a proposed liability management exercise in respect of €1 billion floating rate exchangeable FRESH bonds due 2099.
  • A Russian mining and steel conglomerate on the restructuring of its 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.
  • Senior secured lenders and administrators in relation to the pre-pack administration of a major insurance law and loss adjusting firm.
  • Lenders in relation to the restructuring of facilities provided to a pan-European hotel chain and the sale of the group.
  • Agent and Security Trustee on the US$885 million debt and equity restructuring of APCOA using a scheme of arrangement.
  • The provider of super senior new money into the pan European restructuring of Autobar.
  • Syndicate of Lenders in relation to the restructuring of facilities provided to a significant UK care home provider.
  • A multi-national engineering services group on the potential pre-pack of its distressed UK subsidiary.
  • NAMA on the auction and sale of its Northern Irish book of €5.4 billion of real estate loans to Cerberus.
  • A leading UK bank in relation to the €1.7 billion corporate restructuring of NEF Telecom through a scheme of arrangement.

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

Education
  • University of Exeter and Université de Rennes, LL.B (European) with Maîtrise en Droit, 2006, First
  • BPP Law School, Legal Practice Course, 2007, Distinction
Admissions
  • England and Wales
Languages
  • English
  • French