The cross-border expertise of Baker McKenzie’s Restructuring and Insolvency practice has been recognized by Global Restructuring Review at the inaugural ‘GRR Awards’.

Held on Thursday night, at London’s Waldorf Hotel, Baker McKenzie was honored both with its place among the GRR 30 and with the ‘Innovation in cross-border insolvency and restructuring’ award for the Metinvest restructuring. The Ukrainian steel and mining company completed its US$2.3 billion restructuring in  March, bringing to a close a two-year process involving three schemes of arrangement in the UK, and three parallel Chapter 15 filings in the US. Baker McKenzie acted as legal counsel to Metinvest alongside co-counsel Allen & Overy LLP.