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Timea Scholey
Partner

Timea Scholey

London, United Kingdom
Languages
  • English
  • Hungarian
  • German
  • French
Social media

Timea Scholey is a partner in the Restructuring and Insolvency team. Timea advises on both cross border and UK high profile restructurings, insolvencies and distressed situations, representing a variety of stakeholders, including banks, special situation investors, borrowers and insolvency practitioners.

Timea provides strategic advice relating to UK and cross-border contingency planning, strategic options analysis, enforcement, accelerated solvent and insolvent sales of businesses in distressed situations. She has a particular interest in the energy, infrastructure, real estate, travel & leisure and retail sectors. 

Relevant experience

  • Grupa Azoty and Grupa Azoty Polyolefins – advised major Polish chemical industry group in relation to the financial restructuring of their debt, across the UK, Poland, Luxembourg and Germany.
  • Markbygden – advised the distressed Swedish operator of one of Europe’s largest onshore wind farms on the successful restructuring of its debt, implemented through a Swedish Reorganisation Plan.
  • Rosebank – advised Equinor and the Equinor led JV with regards to Altera’s Chapter 11 process in the US, as part of the Equinor led JV’s development of the Rosebank oil and gas field.
  • Project Lietzenburger Straße HoldCo S.à r.l. – advised the facility agent, security trustee and escrow agent in relation to the company’s Part 26A restructuring plan.
  • Scandinavian large onshore wind project – advised a syndicate of lenders on the consensual restructuring out of Swedish reorganisation, with a view to sale.
  • UK University – advised a syndicate of lenders on a consensual debt restructuring and proposed merger plans.
  • CMBS restructuring – advised a US investment bank on the restructuring of a CMBS transaction.
  • Oil services company – advised an oil services company with operations in the UK and in Europe on its proposed restructuring plan.
  • Orbit Energy – advised the administrators of Orbit Energy with regards to complex and technical administration issues.
  • Virgin Atlantic - advised a significant creditor on all stages of the ground-breaking and complex Virgin Atlantic Airways restructuring which involved the first ever use of a UK Restructuring Plan.
  • Listed car retailer - advised the senior lenders on the £250m RCF they had made available to a listed national car retailer which encountered financial and regulatory difficulties.
  • NMCN plc – advised construction company Galliford Try as purchaser of the NMCN water business by way of a pre-packaged administration.
  • DTEK – advised the senior lenders in relation to the long term restructuring of c. USD 1.2bn debt of Ukrainian energy group DTEK.
  • House of Fraser – advised the trustees of the pension scheme as part of the House of Fraser group’s restructuring, involving a company voluntary arrangement and schemes of arrangement.
  • Fairfield Energy Group - advised the Fairfield Group in relation to restructuring of USD 1.5bn debt and related oil and gas matters. 
  • King & Wood Mallesons LLP – advised the law firm and subsequently, its administrators.
  • Glitnir and Landsbanki – advised the bondholder committees on the restructuring and wind-down of the collapsed Icelandic banks Glitnir and Landsbanki.
  • Employers and trustees of defined benefit pension schemes - advised on various asset backed funding arrangements, escrow-type mechanics and other finance and security issues.

Education

  • 2010 – Legal Practice Course, University of Law, London
  • 2009 – BA Jurisprudence, University of Oxford, Oxford
Practice Areas
Banking & Finance Restructuring & Insolvency

Insights by Timea

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Publication United Kingdom

Director’s duties for distressed companies

02 Jul 2025 2 min read
News United Kingdom

CMS advises Markbygden Ett AB on successful debt restructuring

10 Dec 2024 2 min read
Publication United Kingdom

Leveraged finance: handling an impending financial covenant breach

28 Nov 2023 1 min read
Publication United Kingdom

Navigating turbulence

20 Nov 2023 4 min read
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