Milbank LLP is pleased to announce that Ian Wallace has joined the London office as a partner in the Financial Restructuring Group.
“We are thrilled to welcome Ian to Milbank,” said Milbank Chairman Scott Edelman. “Ian is highly regarded in the market, with a breadth and depth of experience on both the creditor and debtor side that will significantly enhance our global offerings.”
Mr. Wallace has nearly 20 years’ experience leading restructuring advisory – acting for debtor-side corporates and financial sponsors as well as a wide range of sophisticated creditors, including banks, funds and noteholders.
“Ian is an outstanding lawyer and an excellent addition to our restructuring team and our firm,” said Dennis Dunne, Global Chair of Milbank’s Financial Restructuring Group and member of the Executive Committee. “Ian’s deep client relationships and extensive debtor experience further expand our premier restructuring capabilities.”
“We’re really pleased to welcome another high-profile partner to Milbank,” said Andrej Wolf, Milbank’s London Office Co-Managing Partner. “Ian’s extensive experience with high value and cross-border restructuring matters will further solidify the firm’s position as a leading adviser on the most complex restructurings globally.”
Mr. Wallace’s recent experience on the debtor side includes representing Hertz Global Holdings Inc. and affiliates in their chapter 11 cases and restructuring negotiations across Europe, Australia and the Asia Pacific, representing South Africa’s Eskom with approximately $25 billion of domestic and international creditors, and advising Oi group, one of the world's largest integrated telecoms service providers, on its US$20 billion debt restructuring by way of a Brazilian recuperação judicial process.
“Ian will be invaluable to our clients on both the creditor and debtor side, adding further depth to our global restructuring practice, particularly as restructuring and special situations transactions are often cross-border and are increasingly active during all economic cycles,” said Yushan Ng, Co-Head of Milbank’s Global Financial Restructuring Group.
Adding further depth to the firm’s capabilities in Europe, Ian joins a team of eight dedicated restructuring partners in Europe advising on European and international complex restructurings.
On his move to Milbank, Mr. Wallace commented: “Milbank’s dynamic global platform and strong growth trajectory in London made this an opportunity I could not pass up. I look forward to working closely with my new colleagues in London and the wider team internationally, and for my clients to benefit from our combined experience.”
Mr. Wallace joins Milbank from White & Case where he served as EMEA Financial Restructuring & Insolvency section head. Before joining White & Case as a partner in 2015, Mr. Wallace trained and practiced at Freshfields Bruckhaus Deringer. He received his LLB from Nottingham Law School in 2002.
