Peter K Newman is a partner at Skadden, Arps, Slate, Meagher & Flom (UK) LLP, where he leads the corporate restructuring practice in London. Peter Newman has a wide range of experience advising companies, creditors and other stakeholders on large and complex restructurings, bankruptcies and insolvencies throughout Europe and the United States and in international jurisdictions.
Mr Newman is recommended as a leading restructuring practitioner in numerous legal guides. He is an adjunct professor at New York University School of Law, where he teaches a course on cross-border restructuring. Mr Newman has authored numerous publications and is a regular speaker on restructuring-related topics. He is a member of Chatham House: The Royal Institute for International Affairs and recently concluded a term membership with the Council on Foreign Relations.
Mr Newman’s recent clients have included a Bermudian investment fund business restructuring through schemes of arrangement; a South American fishing business implementing a restructuring through a restructuring plan in the UK; an offshore drilling business in its out-of-court restructuring; ad hoc groups of noteholders in the restructurings of multiple aircraft leasing businesses and an international flight services and baggage handling group; a prospective strategic acquirer of an oil and gas exploration business; the board of directors of an international luxury furniture retailer on crisis management issues and emergency fundraising arising from the covid-19 pandemic; the board of directors of a global sports media business on crisis management issues and emergency fundraising arising from the covid-19 pandemic; the bond trustee on behalf of the bondholders of African Minerals Limited (in administration); lenders to Hemisphere International Properties, BV, the European property arm of Steinhoff International, in respect of the restructuring of its €750 million loan facility; a private equity firm in the restructuring of US$700 million of loans made to a European shipping business; an ad hoc group of lenders in the US$3.7 billion restructuring of the Ocean Rig UDW group; and an ad hoc group of new lenders of TORM A/S, a Danish shipping company, in its US$1.5 billion restructuring and merger.