Sullivan & Cromwell Partners Author “Restructuring Law and Practice”, Third Edition

S&C write

As markets respond to global events, including the ongoing effects of the COVID-19 pandemic and the invasion of Ukraine, and with inflation and costs of consumer goods at a 40-year high, we are likely to see an increase in company restructurings and insolvency proceedings.

To help business leaders, financiers, investors and their advisers plan for and manage the broad range of complex restructuring issues facing businesses, S&C partners Chris Howard, Presley Warner and Chris Beatty have authored a new edition of Restructuring Law and Practice, Third Edition. Chris Howard had previously authored the preceding two editions with veteran restructuring banker Bob Hedger who has a 40 year career in turnabouts and workouts.

Restructuring Law and Practice, Third Edition
Global Turnaround Review, a leading resource for restructuring and insolvency intelligence, praised the book in its review, stating: “As the storm clouds gather on the global economy, this book would benefit many bankers, financial advisers and lawyers interested in this fast-developing subject.”

The book approaches the law and practice in a sustained and systematic way, with a focus on the U.K., U.S. and European markets. The Third Edition is updated to cover all recent developments, including the new market abuse regime, information and disclosure requirements and credit derivatives. New chapters address part 26A, schemes, project financing and commodities restructuring, bond restructurings and liability management.

Learn more about the authors


Chris Howard is the head of S&C’s European restructuring practice, and is a leader in English law restructuring and finance who has broad knowledge working across jurisdictions. He regularly advises international corporations, investment and commercial banks and financial sponsors on corporate restructurings and financings throughout Europe, the Middle East and the United States.

Presley Warner


Presley Warner is head of the Firm’s European Credit and Leveraged Finance practice, and a member of the Firm’s Finance & Restructuring Group. He regularly advises financial institutions, private equity and corporate clients on a broad range of cross-border financing transactions across the ratings spectrum.


Chris Beatty is a partner in the Firm’s London office who concentrates on cross-border corporate finance transactions and restructurings, advising sponsors, corporations, funds, lenders and broker-dealers on securities and lending transactions in Europe, the United States and Australia. Chris has particular expertise in acquisition finance, distressed debt transactions, secured and unsecured debt finance, structured products and bank lending transactions.