Phillip D. Taylor

• Represented an international payment services company on the £1.2billion solvent recapitalization of Virgin Atlantic Airways, which involved the first UK Restructuring Plan sanctioned by the English High Court under Part 26A of the UK Companies Act 2006.
• Represented various clients in COVID-19-related restructuring and recapitalization matters in the travel, transportation, entertainment, and hospitality sectors.
• Represented a German multinational bank in the English High Court litigation regarding the distribution of over $10 billion of subordinated liabilities of certain UK affiliates of Lehman Brothers. The Joint Administrators of LB Holdings Intermediate 2 Limited (In Administration) v Lehman Brothers Holdings Scottish LP3 and Others; The Joint Administrators of Lehman Brothers Holdings plc (In Administration) v Lehman Brothers Holdings Inc and Others.
• Advised creditors during the Lehman Brother’s scheme of arrangement in the English High Court, the first scheme of arrangement to regulate the distribution of statutory interest.
• Advised a group of financial creditors in the restructuring of a mining company operating in Mongolia.
• Advised a group of creditors in the restructuring of a financial institution operating in Azerbaijan.
• Advised bondholders in the resolution of Banco Espirito Santo and the transfer of bonds from the new resolution entity Novo Banco.
• Advised the UK administrators of Karhoo Inc. a U.S. and UK transportation and rideshare company that became subject to UK restructuring proceedings which, in the first case of its kind, were recognized in the U.S. under Chapter 15. This allowed the U.S. and UK companies within the corporate group to be restructured using UK primary proceedings.
• Advised the restructuring office holders of LDK Solar, a China-based vertically integrated manufacturer and supplier of solar energy systems in its award-winning offshore restructuring using schemes of arrangement, Chapter 11, and Chapter 15 (debtor) to restructure over $1 billion of obligations.
• Advised an international Icelandic bank regarding the scheme of arrangement, Chapter 15, and BVI recognition proceedings of its acquisition finance subsidiary, Murray Holdings Limited.

Phillip Taylor has over 20 years of experience handling complex international restructuring, special situations, and insolvency matters and has been closely involved in many of the world’s most significant cases. He represents companies, creditors, and investors in all parts of the capital structure, as well as corporate trustees, agents, directors, and insolvency practitioners.  

Phillip routinely handles both contentious and non-contentious matters, in-court and out-of-court restructurings, and contingency planning and advisory mandates. Phillip’s clients include multinational corporations, private capital funds, banks, insurance companies, and restructuring office holders.

Bar Admissions

• Solicitor of the Senior Courts of England and Wales

Education

• Chester College of Law (L.P.C., 1998)
• Chester College of Law (C.P.E., 1997)

Memberships