International law firm McDermott Will & Emery appointed Mark Fennessy and Sunay Radia to partners in its global transactions practice based in London. Fennessy will serve as head of UK restructuring and both individuals will focus on restructuring and insolvency matters.
Fennessy has experience in all areas of contentious and non-contentious turnaround and insolvency, with a focus on advising Chapter 11 committees. He has been involved in a number of assignments for banks, creditor committees, funds and various strategic parties in matters related to Lehman Brothers, MF Global, Westinghouse Group, Travelex, DTEK and Codere.
Radia focuses his practice on a variety of financial restructuring transactions, including high yield bond and LBO workouts, refinancings, consensual and nonconsensual restructurings, enforcements, and distressed asset sales. He most recently worked on the Travelex and Codere restructurings in the summer of 2020.
Both joined from Proskauer Rose, where Fennessy was European head of restructuring and insolvency.
“Mark and Sunay are exceptional lawyers with high-profile restructuring experience that will enhance our comprehensive offering to clients. Mark has an outstanding reputation in the market with a particular strength in dealing with multi-faceted group collapses and insolvency issues of an international and cross-jurisdictional nature. Mark and Sunay’s arrival, along with the recent appointments of Ranajoy Basu, Mark Fine and Aymen Mahmoud, demonstrates the firm’s commitment to building a leading finance and restructuring capability in London. In addition, these latest appointments will work closely with colleagues in our other transactional teams (including private equity and funds teams) while expanding the breadth of our European restructuring groups across the region,” Hamid Yunis, managing partner of McDermott Will & Emery’s London office, said.
“Mark and Sunay are high-caliber attorneys who fit in well and will work in close coordination with our restructuring practice firmwide, including on cross-border matters. On a macroeconomic level, the ongoing pandemic continues to create a need for bankruptcy and restructuring expertise globally,” Felicia Perlman and Timothy W. Walsh, global co-heads of restructuring and insolvency at McDermott Will & Emery, said in a joint statement.
“The firm’s ambition, coupled with its broad international platform and the ‘one-stop service’ it offers, were major factors attracting me to McDermott,” Fennessy said. “I look forward to playing a leading role in developing McDermott’s UK restructuring and insolvency offering working alongside the existing finance team in London and my international colleagues across Europe and in the U.S. In addition, with a focus on funds and private equity, I am excited to build on the synergies with these groups and expand our client base further. Additionally, we expect an increase in the contentious nature of restructurings and it is key that there is a strong European and U.S. litigation presence we can work alongside.”
“I am delighted to be joining McDermott and look forward to working with colleagues in the finance and corporate teams in London and around the globe. I believe McDermott will provide a fantastic platform to develop further our client base internationally,” Radia said.