Richard Obank

Richard Obank is a partner and the practice group leader of the Firm's Bankruptcy & Corporate Restructuring Practice Group in the U.K. Richard practices in the area of corporate restructuring with particular experience acting for boards of directors in financially distressed situations. He advises regularly on distressed M&A transactions, debt and capital restructuring and work out situations, often involving significant cross-border issues, where the objective is to ensure the best outcome for stakeholders, and wherever possible, avoid a damaging insolvency process.

Richard has a proven track record advising on high-profile and complex acquisitions, disposals, reorganisations, company voluntary arrangements and schemes of arrangement across a broad range of sectors including retail, construction, real estate, financial, football (Premier League, Championship and Scottish Premiership), casual dining, hotels and leisure, and mining.

Richard acts for corporates, private equity investors, funds and financial institutions. He regularly advises turnaround professionals and accountants operating in the restructuring and work out arena and is highly familiar dealing with and advising on U.K. insolvency processes, contingency planning and options analysis. Richard also has extensive experience acting for boards of directors and liquidators on solvent liquidations. Richard has hands-on experience as a board director and charity trustee in debt restructuring scenarios and overseeing operational turnarounds. Richard is known in the market by clients as a veteran practitioner with over 30 years of experience acting for a broad range of stakeholders. He is recognised nationally for his work and contribution in the turnaround, restructuring and insolvency sector and has won numerous industry awards and accolades.

Richard is a member of the U.K. Restructuring team recognised by ILFR1000 as a leading practice.