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GK Partner Firm on British Steel Liquidation Named 2020 UK Finance Team of the Year

Taylor Wessing wins honors from The Lawyer for work representing White Oak

November 9, 2020

UK law firm Taylor Wessing were named the Finance Team of the Year at The Lawyer Awards 2020 recently in relation to its work as one of the lead advisers in respect to the collapse and later sale of British Steel in 2019 and 2020. 

Taylor Wessing partnered with Goldberg Kohn to advise global investment adviser White Oak as senior secured lender when British Steel went into liquidation. The liquidation and sale to a Chinese firm led to the British Steel business and thousands of jobs being preserved while White Oak was repaid in full.

Taylor Wessing partner Nick Moser, the firm's UK head of Restructuring & Insolvency said, “This was a true team effort where there was a collaborative spirit throughout with White Oak and their US lawyers, Goldberg Kohn. We worked to cut through differences between stakeholders to find solutions to complex problems which otherwise could have resulted in litigation and the opportunity to achieve this great outcome would have been jeopardised.”

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