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US firm Schulte Roth & Zabel has added two London restructuring partners with the hire of Brown Rudnick duo Peter Declercq and Sonya Van de Graaff.
Declercq had been at the American rival’s City base since joining from Akin Gump Strauss Hauer & Feld in January 2006, while Van de Graaff moved to Brown Rudnick in 2008 from Bear Stearns following the bank’s collapse (4 September 2008).
Schulte Roth business reorganisation head Adam Harris said in a statement: “Two years ago, we began a distressed debt and claims trading practice in London as it became clear to us that our clients were increasingly dedicating personnel and other resources to UK and European restructuring opportunities.
“That practice has blossomed, and the addition of Peter and Sonya will help us expand the practice to include corporate restructurings and distressed investing, consistent with our practice in New York.”
Declercq’s practice focuses on cross-border insolvencies, restructurings and distressed M&A, with current clients including the ad hoc bondholder group for structured notes issued by Lehman Brothers’ Dutch finance subsidiary Lehman Brothers Treasury.
Van de Graaff covers European restructuring, distressed investing and debt trading, representing hedge funds, private equity funds, financial institutions and other investors.