Clifford Chance
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.
- an ad hoc group of noteholders on the ongoing restructuring of Intu PLC, the UK’s largest shopping centre group
- 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
- the co-ordinating committee of lenders to NMC Healthcare PLC on its ongoing restructuring
- the senior lenders to Edcon, Southern Africa's largest non-food retailer, in relation to its financial restructuring
- 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 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
- the lenders to the VPS Group on its financing arrangements
- the senior lenders to the International Bank of Azerbaijan on its debt restructuring
- Scholz Holding GmbH on its financial restructuring
- the second lien lenders to HC Starck on its financial restructuring
- Southern Cross, formerly the UK's largest operator of care homes, on the restructuring and transfer of its business and the settlement of its residual liabilities through a CVA
- Citi on the pre-pack administration of the EMI Music Group
News and client work
Contact details
- Clifford Chance, London
- +44 207006 8036
- Email me
- Practice area Global Financial Markets, Restructuring & insolvency
- Sector Real estate, Banks, Funds & investment management
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