Major Recent Projects
Sea Containers, as financial advisors to the UK creditors committee in a Chapter 11 process. Zolfo Cooper professionals played a key role in assisting the group’s two UK pension schemes to successfully assert claims against the Bermudan parent company via use of the Pension Regulator’s moral hazard powers. In September 2008 the settlement reached between the schemes and the parent was ratified by the US bankruptcy court.
Project Run, assisting the Pensions Regulator resolve a significant ‘failure to agree’ a schedule of contributions.
Project River, in which Zolfo Cooper assessed the potential impact on a FTSE100 employer covenant of a proposed takeover. Zolfo Cooper actively engaged in assisting the trustees negotiate improved terms and a monitoring package.
Project Marten, initially assessing the employer covenant following a FTSE100 merger, supporting negotiations in a subsequent leveraged buy out and in setting up a monitoring framework.
Project Color, advising the acquirer of two major automotive manufacturers regarding covenant and providing related project management services in negotiations with the pension scheme trustees.