News

Wakefield Quin advises Roust Trading Ltd. in Chapter 11 Pre-packaged Plan of Reorganization

  • February 2017

Wakefield Quin represented Roust Trading Ltd. and its Bermuda affiliates in connection with Roust Corporation’s Chapter 11 Pre-packaged Plan of Reorganization in the U.S. The transaction resulted in the reduction of the group’s existing debt by approximately $462 million, plus facilitated funding of $55 million in new equity capital and involved the contribution by Roust Trading Ltd. of strategic assets to Roust Corporation, including the market-leading global brand, Russian Standard Vodka.

The Wakefield Quin team, acting as Bermuda legal counsel, was led by Ian Stone with the assistance of Jemima Fearnside.  Skadden, Arps, Slate, Meagher & Flom LLP, acted as lead counsel to Roust Corporation.