Partner

Timea Scholey

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, insolvency practitioners and pension trustees.

Timea provides strategic advice relating to UK and cross-border contingency planning, enforcement, accelerated solvent and insolvent sales of businesses in distressed situations. She has a particular interest in the energy, travel & leisure and retail sectors. She has also extensively advised in relation to restructuring issues for pension schemes.

Relevant experience

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.
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

Global Reach

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Timea Scholey

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Relevant experience

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