Distressed debt and claims trading


We have extensive experience in the diligence, structuring and negotiating of secondary debt trades. Our in-depth knowledge enables us to provide advice across the full life-cycle of a debt trade.

Macfarlanes represents a broad range of parties involved in debt trading:

  • hedge and special opportunities funds;
  • private equity funds;
  • financial institutions;
  • managed account platforms;
  • asset managers; and
  • collateralised loan obligations.

We are a key legal adviser in this area, fielding a team of expert lawyers whose capacity, experience and market knowledge, particularly in relation to funds and trading documentation, are unrivalled.

We understand the debt trading market and appreciate the commercial context in which our clients operate. We know that debt trading requires responsive lawyers who work efficiently and effectively to get deals done. We work alongside the world’s best independent law firms, firms that understand restructuring and debt trading, in order to provide outstanding cross-border advice.

Our team is based across the derivatives and trading and banking and finance groups, working alongside other groups in Macfarlanes, including restructuring and insolvency, structured finance and debt capital markets, funds, real estate, tax and corporate. This comprehensive, integrated approach enables us to provide legal advice on all aspects of the debt trading process.