Practice Areas - Restructuring and Insolvency Law Firms and Lawyers
| Deal Date: | 22-09-2017 | Practice Area: | Restructuring and Insolvency |
| Deal Title: | OJSC International Bank of Azerbaijan Debt Restructuring | Industry: | Banks |
| Description: |
White and Case LLP advised OJSC International Bank of Azerbaijan, the largest bank in Azerbaijan, on the restructuring of approximately USD3.4 billion of its financial indebtedness.
The restructuring was carried out in accordance with procedures for voluntary restructuring of bank liabilities under the Azerbaijan Law on Banks, and the restructuring plan was approved on July 18, 2017 by creditors holding 93.9 percent of IBA's total indebtedness subject to the restructuring. The plan was also approved by the Financial Market Supervisory Authority of Azerbaijan on July 25, 2017, and by the Nasimi District Court in Baku on August 17, 2017.
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| Financial Center: | London | Value: | 1000.01-5000.00 |
| Advised Party: | Group | Law Firm | White & Case |
| Azerbaijan | Azerbaijan | ||
| Classification: |
Debt Restructuring |
Lawyer | Ian Clark |
