John Maclennan specialises in cross-border and complex restructuring and insolvency. He advises funds, banks, investment managers, companies, sponsors and insolvency practitioners.
- Advising the secured senior lenders on the emergency financing to and subsequent sale of the Azzurri Restaurant Group (ASK/Zizzi) by way of pre-pack administration to TowerBrook
- Advising the term lenders to Celsa UK on the provision of emergency funding including a loan from HM Government, the first under Project Birch
- Advising AerCap on the restructuring of Virgin Atlantic Airways using the new (and thought to be first use of) Part 26A Restructuring Plan introduced by the Corporate Insolvency and Governance Act 2020
- Advising the banks under Hertz's European ABS financing in connection with the Hertz US group chapter 11 filing and arrangements relating to the Hertz International Group;
- Advising AerCap on the debt for equity restructuring of Norwegian Airlines
- Advising the senior lenders to Eddie Stobart on its combined debt restructuring and sale of a majority interest to DBay
- Advising the ad hoc coordination committee of secured and unsecured lenders in relation to the $800m restructuring of JBF RAK, a multinational plastics manufacturer headquartered in the UAE
View all news and client work featuring John MacLennan
- Case study: the out-of-court restructuring of a Latvian bank, Law In Transition, Spring 2000, John MacLennan with Adrian Cohen
- The all-American dream: developing effective resolution arrangements for investment banks in the UK (2009) 8 JBIFL 466, John MacLennan with Philip Hertz, Gabrielle Ruiz and Steven Gatti
- Ultimate turnaround: debt to equity swaps (2009) 3 CRI 91, John MacLennan with Adrian Cohen
- Wish you were here? English court becomes the restructuring destination for foreign companies (2011) 7 JIBFL 405, John MacLennan with Philip Hertz and Tim Bennett
- Winding up Chapter, Private Equity Exits, Global Law and Business 2011, John MacLennan with Philip Hertz and Gabrielle Ruiz
-
View more briefings featuring John MacLennan
View more blog posts featuring John MacLennan
View more podcasts featuring John MacLennan
Career and qualifications
-
Newcastle University (Hons, LLB) 1994
- Called to Bar 1995
- Barrister 1996 - 1997
- Joined Clifford Chance 1998
- Admitted as a solicitor in England & Wales 1999
- Partner since 2010
Professional bodies
-
R3 (UK restructuring and insolvency professional body)
- Insolvency Lawyers' Association
- INSOL (global restructuring and insolvency professional body)
Awards and citations
- Clients praise John MacLennan as "a seriously bright lawyer who is very experienced across a range of debtor and creditor representations."
Chambers UK 2018 – Restructuring and Insolvency
- John MacLennan is commended by sources, who describe him as having "incredible judgement" and being "unafraid to challenge and debate points with the client and propose alternative solutions."
Chambers UK 2017 – Restructuring and Insolvency
