Press Release

Haynes and Boone Restructuring Team Receives Deal of Year Award at IFLR Americas Awards Ceremony 2021 | News | Haynes and Boone, LLP

May 27, 2021
Haynes and Boone, LLP today received the Restructuring Deal of the Year award from International Financial Law Review (IFLR) for the firm’s work involving Houston-based McDermott International Inc. and Japanese joint venture partner Chiyoda International Corp.

The award was announced during the IFLR Americas Awards Ceremony, which recognizes the most legally innovative cross-border transactions that closed in 2020. IFLR researched a record-breaking number of submissions from banks and law firms across the region.

The Haynes and Boone award recognizes Partner Charlie Beckham, team lead, who was supported by Partners Kenric Kattner, Brad Richards, and Kelli Norfleet, Counsel Kourtney Lyda, and Associates Valisa Berber-Thayer and Martha Wyrick.

Haynes and Boone represented Chiyoda after McDermott filed for Chapter 11 in 2020 with plans to reorganize its business. Chiyoda is a global engineering and construction services company experienced in the design of petroleum refining, gas processing and petrochemicals plants, while McDermott is a multinational engineering group.

McDermott announced a comprehensive pre-packaged restructuring plan designed to eliminate more than U.S. $4.6 billion of debt. The restructuring plan was approved by the court in July 2020.

Haynes and Boone’s Restructuring Practice Group handles issues in large and complex out-of-court financial restructurings and Chapter 11 reorganization cases. The group was featured in the 2021 edition of Chambers USA, Chambers and Partners, and clients describe our lawyers as “business-oriented attorneys.” Our Restructuring Practice Group was shortlisted for the 2015 Chambers USA Award of Excellence as Bankruptcy Team of the Year for the entire nation.

The annual IFLR awards are based on detailed research from IFLR’s team of journalists who consulted with private practice lawyers, in-house counsel and financing specialists at investment banks around the world.

Haynes and Boone is an international corporate law firm with offices in Texas, New York, California, Charlotte, Chicago, Denver, Washington, D.C., London, Mexico City and Shanghai, providing a full spectrum of legal services in energy, technology, financial services and private equity. With 600 lawyers, Haynes and Boone is ranked among the largest U.S.-based firms by The National Law Journal, The American Lawyer and The Lawyer. It was recognized for excellence in the BTI Consulting Group’s 2021 “A-Team” report, which identifies the law firms that in-house counsel commend for providing superior client service.