Distressed Debt and Claims Trading

Our distressed debt and claims trading practice has extensive experience in the diligence, structuring and negotiating of secondary debt trades and our in-depth knowledge enables us to provide advice across the full life-cycle of a debt trade.

We represent a broad range of parties involved in debt trading including: hedge and special opportunities funds, private equity funds, financial institutions, managed account platforms, asset managers; and collateralised loan obligations.

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.

In depth

What people are saying


"The team produces consistently high quality work within very short time frames. Their experience and knowledge within the sector is first class."

The UK Legal 500 2023

"Highly commercial, pragmatic and solutions focused."

The UK Legal 500 2023

"The team consistently delivers such a high standard of work and their commercial approach and industry knowledge are first class."

The UK Legal 500 2023

"They have excellent technical knowledge and are always a pleasure to work with."

The UK Legal 500 2023

"Very professional, well informed, technically strong and reliable team. Always seek to deliver and always meet deadlines. Very high quality across all the team. Easy to deal with."

The UK Legal 500 2023

"They excel at coordinating transactions involving multiple jurisdictions with other legal counsel and compiling advice therefrom in order to deliver a unified legal advice to their client."

The UK Legal 500 2023