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Clifford Chance

Clifford Chance
David Towers

David Towers


David Towers

David Towers specialises in complex and cross-border restructuring and insolvency cases. He regularly advises banks, alternative capital providers, debtors, trustees and insolvency practitioners.

David is the Africa Practice Leader for Restructuring.

  • a consortium of lenders to Eskom regarding its proposed restructuring
  • an international satellite group on its restructuring and consensual change of ownership to its lenders
  • a group of lenders to the Hurtigruten group on its consensual balance sheet restructuring
  • the lenders to a UK listed consumer services group on its financing arrangements
  • an ad hoc group of noteholders on the restructuring of Intu PLC, the UK’s largest shopping centre group
  • the RBL lenders to Tullow Oil plc on its successful refinancing
  • Codere SA in relation to its second scheme of arrangement of NY law-governed notes, including the successful defence of a challenge to the scheme on class and fairness grounds
  • the lenders to De La Rue PLC on its financing arrangements and rights issue
  • a major restaurant and catering supply group on financial issues arising as a result of the COVID-19 pandemic
  • Thomas Cook Group plc's (TCG) largest shareholder on its options in the lead-up to TCG's insolvency, including its attempted purchase of TCG's tour operator business
  • a syndicate of lenders in respect of their exposure to the Steinhoff Group
  • the senior lenders to Edcon, Southern Africa's largest non-food retailer, in relation to its financial restructuring
  • the senior lenders to Carillion PLC on its attempted restructuring and subsequent insolvency
  • the lenders to the Innovation Group on its restructuring by way of debt-for-equity swap
  • the lenders to the Kalle Group on its financing arrangements
  • Cell C, the South African mobile network, on its proposed financial restructuring
  • the senior lenders to the International Bank of Azerbaijan on its debt restructuring

News and client work

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Contact details

Career and qualifications

  • Sheffield University (LLB) 2002
  • Joined Clifford Chance 2003
  • Admitted as a solicitor in England & Wales 2005
  • Partner since 2014

Professional bodies

  • Insolvency Lawyers' Association
  • R3