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Clifford Chance

Clifford Chance
David Towers

David Towers

Partner

Partner
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.

  • 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

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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