Shandong Ruyi Subsidiary Has No Prospect Of Success In €250m Bond Claim, English Court Rules

Global Restructuring Review featured McDermott’s High Court win for a Summary Judgment – representing GLAS SAS (London Branch) in respect of its role as trustee (the “Trustee”) of €250 million 4 per cent secured exchangeable bonds due 2021 exchangeable into shares of SMCP S.A. (the “Bonds”), issued by European TopSoho S.à r.l. (the “Issuer”).

The McDermott team comprised of partners Mark Fennessy and Sunay Radia, and associate Alexander Andronikou.