Yushan Ng


F +44 20.7615.3100


10 Gresham Street

London, UK EC2V 7JD

T +44 20.7615.3341

F +44 20.7615.3100

Yushan Ng is a partner in Milbank’s finance and restructuring practice, in the London office.

He is the co-head of the firm’s Financial Restructuring Group in London. Widely recognized as one of Europe’s leading restructuring and insolvency lawyers, Yushan acts on a wide range of restructurings, insolvency proceedings and financings across a range of jurisdictions with particular experience in advising institutions that invest in special situations. Yushan has a significant track record in advising on complex loan-to-own transactions for investors with strategic debt positions. 

Yushan’s practice encompasses advising lenders and borrowers on a range of corporate and acquisition loan finance transactions.  He often combines his financing skill-set with practical restructuring expertise to develop and implement novel rescue finance and liability management transactions, with the goal of maximizing credit risk arbitrage for clients investing in difficult situations.

His clients include Oaktree Capital Management, Centerbridge Capital Partners, GSO Capital, Apollo International, Avenue Capital, Alchemy Special Opportunities and Njord Partners.

Primary Focus & Experience


Select representative engagements include:

  • Acting for creditor committees in the restructurings of Marme Inversiones, Norske Skog, Camaieu, Bridon, Harkand Group, Norshore, Consolidated Minerals, Airwave, Autobar, Red Bee Media, Regency Casinos, Truvo (World Directories), Wind Hellas, Welcome Break and Parmalat Brazil;
  • Representing distressed investors in connection with the loan-to-own restructurings of ATU, Endeka Ceramics, Klockner Pentaplast, Fitness First, Countrywide Plc, Bavaria Yachtbau and Gulmar Marine, as well as a number of recent significant confidential transactions in the hotel and real estate sector;
  • Advising Hemen Holdings as lead shareholder and exit financing underwriter in the restructuring of Seadrill Limited;
  • Advising investors on the rescue or special situation financings of Abengoa SA, Center Parcs, Codere, OGX, Pinnacle, Geoquip Marine, Solidal and Gruppo Boluda;
  • Acting for lenders or borrowers on financing transactions for Maple Hotels, Forchem OY, GHG and Pinnacle;
  • Advising investors on the acquisition of French steelmaker Ascometal out of Redressement Judiciaire;
  • Advising corporates ATU, SEAT Pagine Gialle SpA, Viridian Power, Ferretti SpA, Welsh Power, international flight training provider Oxford Aviation and Luxembourg autoparts maker IEE on their respective debt restructurings or refinancings.

Recognition & Accomplishments

Yushan is ranked as a leading individual for restructuring/insolvency by Chambers & Partners UK and described by clients as "one of the most technical lawyers in London," noting that "this, combined with his strategic thinking, means that he is one of very few lawyers in the London restructuring market who can operate at the top level." He has also been recognized as a “Leading Individual” in Legal 500 UK in Corporate Restructuring and Insolvency. 

Yushan also serves on the council of the Insolvency Lawyers Association.

Additional Details
  • University of Oxford, Merton College
  • England and Wales