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JSC Astana Finance Completes $2 Billion Debt Restructuring
https://www.businesswire.com/news/home/20150707006259/en/JSC-Astana-Finance-Completes-2-Billion-Debt
We would also like to thank both Sidley Austin and Dechert for their continued efforts over the years. In particular, we would like to make a special reference to the late Peter Donnelly of Banco Finantia, one of the founding members of the Creditors’ Committee, who devoted a great deal of time and effort into this process. Peter sadly died in 2014 before the successful completion of the restructuring.”
Stephen Roith, a capital markets partner at Sidley Austin in London who advised Astana Finance throughout the process on the international legal aspects of the Restructuring, said: “This restructuring has proved to be a lengthy and complex process, negotiated with a range of different creditors within the context of difficult global market conditions and involving court proceedings in Kazakhstan under the country’s special bank restructuring regime co-ordinated with successful recognition proceedings in the US and the UK