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Milbank has been recognized for its work on the restructuring of Arcapita Bank, which has earned “Global Finance Deal of the Year: Restructuring and Insolvency” for the Middle East region by The American Lawyer as part of the publication’s annual Global Legal Awards.
Milbank advised the Official Committee of Unsecured Creditors of Arcapita Bank B.S.C.(c) and its affiliates in their restructuring. Arcapita Bank, headquartered in Manama, Bahrain, and its global affiliates, were subject to the first chapter 11 reorganization involving a fully Shari’ah-compliant private equity fund. The Milbank team was led by Financial Restructuring partner Dennis Dunne and included partners Evan Fleck (Financial Restructuring), Andrew Leblanc (Financial Restructuring and Litigation), Jane Morgan (Corporate), Al Pisa (Alternative Investments), and John Dewar (Islamic Finance), as well as Financial Restructuring associates Nick Kamphaus and Greta Ulvad, Corporate associates James Ebberson, Andrew Everett, Kim Shah, Aaron Stine, and Munib Hussain (Islamic Finance). Milbank is now advising the reorganized Arcapita entities as they monetize their portfolio of investments. Milbank is also counsel to certain of the Group’s portfolio companies in their sale processes.
The Global Legal Awards honor the most significant cross-border legal work performed during the past year. An awards ceremony is scheduled for September 15, 2014 in New York.
