Clifford Chance
Michael Panayi specialises in insolvency and restructuring. He acts for creditors (banks, funds, and other lending institutions), debtors (borrowers, issuers, and sponsors), as well as insolvency officeholders.
He has advised on complex consensual and non-consensual cross-border restructurings and formal insolvencies across a number of different sectors, including commodities, energy, healthcare, and retail.
- Advising the creditors' committee to NMC Healthcare Ltd on its over USD 7 billion restructuring by way of the first ever administration and deed of company arrangement in Abu Dhabi Global Markets
- Advising 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
- Advising UK retailer Matalan on its £50m CLBILS liquidity raise and associated English scheme of arrangement
- Advising Prosafe SE on its restructuring by way of a Singapore schemes of arrangement, parallel Norwegian reconstruction process and recognition procedures in various jurisdictions
- Advising the coordination committee of senior secured lenders in relation to a reserve-based lending facility to a multinational oil & gas exploration company
- Advising an alternative investment manager, as mezzanine lender, in relation to the financial restructuring and sale of a household name UK hotel group
- Advising the coordination committee of senior secured lenders in relation to the $2bn Nyrstar restructuring implemented via a mix of consensual arrangements and English schemes of arrangement
- Advising the Official Receiver and Special Managers of British Steel on the sale of the business and assets to Jingye Steel and Iron
News and client work
Contact details
- Clifford Chance, London
- +44 207006 1447
- Email me
- Practice area Global Financial Markets, Restructuring & insolvency
Career and qualifications
- Robinson College, Cambridge (MA, Law and English) 2016
- Robinson College, Cambridge (LLM, EU Law) 2017
- Joined Clifford Chance 2018
- Secondment to Standard Chartered Bank (Financial Markets Legal) 2019
- Admitted as a solicitor in England & Wales 2020
Professional bodies
- Member of the Insolvency Lawyers Association