Paul Durban

Head of Restructuring and Distressed Debt


Paul Durban’s legal practice is primarily focused on financial restructuring, insolvency and finance matters, including UK and cross-border workouts, insolvencies, new financings and general lending. He has experience acting for a range of clients, including financial institutions, bondholders, hedge funds and corporates and regularly represents major creditors and stakeholders both UK and internationally. Paul also represents secondary market participants in relation to the acquisition and disposal of debt products using LMA documents or bespoke agreements and has extensive experience evaluating the legal and commercial aspects of these transactions.


Experience

Prior to joining MJ Hudson, Paul worked at Brown Rudnick and formerly Bingham McCutchen in their restructuring, finance and insolvency departments.


Education and Qualifications

  • BPP Law School: Legal Practice Course, Postgraduate Diploma in Law
  • University of Oxford: Balliol College, BA Hons., Modern History
  • Solicitor (England and Wales)

Recent Engagements

  • Advising a worldwide bondholder group in respect of the nationalisation and restructuring of three major Icelandic banks – Kaupthing, Landsbanki and Glitnir – and participating on the informal creditors committee of each of the three banks on behalf of the bondholders.*

  • Acting for holders of senior and subordinated Ukreximbank notes in relation to a reprofiling of debt by way of an exchange offer and consent solicitation.*

  • Advising the ad hoc committees of noteholders for Damovo Group SA, Greycoat Limited, Kremikovtzi AD, Torex Retail plc, Leeds United plc, Nexus Floating Production, Pearl Group Holdings, Northern Rock plc, A-TEC Industries AG, Pescanova SA and Phones 4u Plc.*

  • Advising clients in relation to various Nordic high yield bond issuances, principally in the oil and gas arena.*

  • Representing client investors in their capacity as shareholders of restructured companies.*

  • Technical advice on insolvency issues in the context of English proceedings and proceedings commenced abroad.*

*experience gained whilst at previous firm


Publications & Speaking

Press and Publications

  • Author, “Restructuring high-yield bonds in Europe”, Investing in Distressed Debt in Europe – Globe Law and Business, January 2017.

  • Author “Dividends, directors’ duties and transactions defrauding creditors”, International Law Office, November 2016.

  • Co-author, “More options for financial institutions – the impact of the EU Bank Recovery and Resolution Directive and other potential reforms,” Eurofenix, Summer 2015 Edition.

  • Co-author, “UK Chapter – Crisis Management in the Banking Sector”, Research Handbooks in Financial Law, 2015.