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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.

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

View all news and client work featuring David Towers

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