Carone Huang has advised creditors and debtors on complex cross-border restructurings. Her experience also includes advising officeholders and funds which target distressed debt and assets.

Representative Work

Cineworld: Counsel to an ad hoc group of secured lenders in the chapter 11 cases of Cineworld and its affiliates, the world’s second-largest movie chain, involving $4 billion in liabilities.
Sungard: Counsel to Sungard Availability Services LP and its affiliated North American entities on the English law aspects of a potential restructuring transaction and in the chapter 11 cases.
DOF Subsea: Counsel to Nordic Trustee AS, acting on behalf of the DOF Subsea bondholders, in a restructuring of the financial indebtedness of DOF ASA and its subsidiaries.
VEON: Counsel to VEON in relation to a scheme of arrangement to extend the maturity of certain USD bonds and other related matters.
Ozon: Counsel to the ad hoc group of convertible noteholders of the $750-million restructuring of Ozon Holdings PLC, Russia’s largest ecommerce platform.

Hurricane Energy: Counsel to the ad hoc committee of bondholders on the restructuring of $230 million in convertible bonds issued by Hurricane Energy, a U.K.-based oil exploration and production company focused on naturally fractured basement reservoirs.
Prosafe: Advised an ad hoc committee of lenders under the US$1,300 million senior secured facility borrowed by Prosafe SE.
Addison Lee: Advised senior lenders on the restructuring of Addison Lee.
Galapagos: Advised senior lenders on the restructuring of Galapagos.
Arrium: Advised senior lenders on the administration, asset realisation and recapitalisation of Arrium.

List may include matters worked on prior to joining Akin.