Jones Day flies in US restructuring star in bid to bolster City arm

Jones Day has appointed US restructuring star Corinne Ball as the partner tasked with spearheading its bankruptcy and distressed M&A efforts in Europe.

Jones Day has appointed US restructuring star Corinne Ball as the partner tasked with spearheading its bankruptcy and distressed M&A efforts in Europe.

Ball, best known for her work on US automaker Chrysler’s 42-day bankruptcy, will split her time between London and New York, where she will continue to be based.

Her appointment comes two months after the departure of Jones Day’s London restructuring head Adam Plainer to Weil Gotshal & Manges (see story)

Jones Day managing partner Stephen Brogan said in a statement that Ball’s new role was a response to an expected uptick in European restructuring activity.

“Though there is a great deal of speculation regarding Europe’s ongoing economic and political challenges, we are committed to the premise that Europe will meet its current challenges as it has met various hurdles in the past, and that it will emerge even stronger,” said Stephen Brogan, managing partner of Jones Day. “But it is apparent that responding to the current problems will require a period of restructuring.”

Two years ago The Lawyer recognised Ball as one of its Transatlantic Elite.

Ball’s best-known matters include leading the team that advisedauto-parts supplier Dana on its bankruptcy, a deal that feature the first company voluntary arrangement (CVA) in the UK.

Ball’s move comes just a few weeks after it was revealed that Jones Day UK managing partner Russell Carmedy and private equity partner Michael Nouril were quitting for Proskauer Rose (11 April 2001)

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