Finance Monthly Deal Maker Awards 2015 Edition

68 www.finance-monthly.com DEAL MAKER OF THE YEAR - CAYMAN ISLANDS LDK Solar US$700m Restructuring Chosen for his involvement in the following transaction: Guy Manning is the lead partner, with support from Mark Goodman (Senior Associate) and Jeremy Durston (Associate). The LDK restructuring has been named The Asian Lawyer’s 2015 “Finance Deal of the Year: Insolvency and Restructuring” and was shortlisted for the IFLR Asia Awards 2015 “Restructuring Deal of the Year”. Guy is a partner in our Litigation, Insolvency & Restructuring Group where he specialises in insolvency, restructuring and investment fund litigation. He joined Campbells in 2005 having spent the previous eight years working for the London office of a leading international law firm. In his spare time Guy is a keen mountaineer. On 20 May 2013 he achieved his life-long ambition of climbing Mount Everest. Qualifications and admissions: • Solicitor of the Supreme Court of England and Wales, 1999 (non-practising) • Attorney at Law Cayman Islands, 2005 • Solicitor British Virgin Islands, 2011 Areas of practice and expertise: Guy advises and appears in the Cayman Islands Courts on behalf of provisional and official liquidators, creditors, shareholders, directors, managers and other professional service providers in relation to a broad range of pre and post liquidation disputes. He has acted in litigation involving widely varying commercial contexts and structures, but his practice principally involves distressed and failed investment funds. He has been involved in many of the jurisdiction’s highest profile disputes, liquidations and restructurings. Notable recent instructions include advising LDK Solar CO., Ltd (one of the world’s largest manufacturers of photovoltaic products) and its provisional liquidators in connection with the restructuring of over USD$700 million of offshore debt across the LDK group; acting for DPM Mellon (an affiliate of BNY Mellon) in connection with substantial claims arising from the US$500m liquidation of the Sphinx group of funds; and advising the provisional liquidators of Arcapita Investment Holdings Limited in respect of the US$1.2bn restructuring of the company and its parent, Arcapita Bank B.S.C. (c), a Shari’ah compliant Bahrain based investment bank. Guy is a regular speaker at international fund and insolvency conferences and has given expert evidence of Cayman Islands law to various foreign courts. About Guy Manning Campbells (together with Sidley Austin LLP as global counsel) represents Tammy Fu and Eleanor Fisher of Zolfo Cooper as joint provisional liquidators (JPLs) of LDK Solar, a leading producer of components used in the generation of solar energy. The JPLs successfully promulgated and implemented schemes of arrangement (Schemes) in respect of LDK Solar and certain key subsidiaries in the Cayman Islands and Hong Kong which compromised the claims of creditors holding more than USD$700 million of offshore debt. The Schemes, with the overwhelming support of scheme creditors, were sanctioned by both the Cayman Court and the Hong Kong Court in November 2014. Associated proceedings in Delaware under the US Bankruptcy Code (chapter 11 and chapter 15) were necessary to give effect to the terms of the Schemes. The JPLs continue to deal with issues arising in respect of the implementation of the Schemes and the adjudication of scheme claims. LDK Solar’s restructuring is believed to be the first judicially approved, multi- jurisdictional debt restructuring of its kind for a China-based entity and ensures that the continued viability of the company and its business. Transaction Repor t GUY MANNING Par t ner a t Campbe l l s WINNER: www.campbellslegal.com