Peter Newman has a wide range of experience advising companies, creditors and other stakeholders on large and complex restructurings, bankruptcies and insolvencies throughout Europe, the U.S. and in international jurisdictions.


Mr. Newman was named an Outstanding Young Restructuring Lawyer by Turnarounds & Workouts and is recommended by The Legal 500 for Corporate Restructuring & Insolvency. He also is recognised as a Rising Star by IFLR1000. He is a term member of the Council on Foreign Relations and a member of Chatham House: The Royal Institute for International Affairs.

His experience prior to joining Skadden includes representing:

  • the lenders of Hemisphere International Properties B.V., the European property arm of Steinhoff International, with respect to the restructuring of its €750 million loan facility, as well as the successful challenge of a €200 million competing intercompany claim in binding advice proceedings before the Netherlands Arbitration Institute;
  • the bondholders of African Minerals Limited (in administration);
  • the term lenders of a U.K. casual dining business on its restructuring and subsequent advice to the business with respect to additional capital-raising activities;
  • a private equity firm on the restructuring of $700 million of loans made to a European shipping business;
  • the ad hoc group of lenders on the $3.7 billion restructuring of the Ocean Rig UDW group;
  • the ad hoc group of new lenders of TORM A/S, a Danish shipping company, in its US$1.5 billion restructuring and merger;
  • the junior lender coordinating committee of General Healthcare Group, the largest private hospital group in the U.K., regarding its £2.1 billion restructuring;
  • Avanti Communications Group PLC on its $900 million restructuring through combined exchange offers and consent solicitations with a scheme of arrangement;
  • an ad hoc group of lenders of Cortefiel, S.A., a Spanish clothing retailer, regarding the company’s €1.3 billion restructuring;
  • the $1.6 billion term lenders and receivers of Jurong Aromatics Corporation PTE Ltd. in its receivership and sale;
  • an ad hoc group of noteholders in the distressed refinancing of Reclamation Holdings;
  • a bilateral lender to DryDocks World in connection with challenges to the first-ever voluntary arrangement by a company under Dubai’s Decree 57 restructuring regime and its parallel scheme of arrangement in Singapore;
  • a Europe-based satellite network company in its out of court restructuring;
  • the new money lenders to Promotores de Informaciones, S.A. (PRISA), a Spanish media and telecommunications conglomerate and owner of the world’s best-selling Spanish-language newspaper El País, in its innovative €3.2 billion restructuring;
  • a lender in the restructuring of Stemcor Holdings Ltd, an international steel trading firm;
  • the lenders of Enterprise Holding Corporation, a U.K. public contracting and utilities business, in its distressed sale to Ferrovial SA, a Spanish infrastructure company;
  • an ad hoc group of noteholders in the restructuring of Novasep Holdings S.A.S., the first high-yield bond restructuring in France;
  • an ad hoc group of noteholders in the restructuring of Afrisam Investment Holding Limited, the first high-yield bond restructuring in South Africa;
  • an ad hoc group of holders of US$5.2 billion of recovery units issued by Kazakhstan-based JSC BTA Bank;
  • the official committee of unsecured creditors in the U.S. Chapter 11 restructuring of Arcapita Bank BSC, a Bahraini investment bank, private equity fund and the largest provider of shariah compliant financial investment opportunities in the world;
  • the official committee of unsecured creditors of Lehman Brothers Holdings, Inc., the largest restructuring in history, involving over 80 insolvency proceedings in approximately 20 countries;
  • the official committee of unsecured creditors of Refco, Inc.;
  • the official committee of unsecured creditors of Enron Corp;
  • ProtoStar Ltd. and its affiliates in their Chapter 11 cases and parallel Bermudan provisional liquidation proceedings and novel schemes of arrangement;
  • Satélites Mexicanos, S.A. de C.V. as a Chapter 11 debtor and as debtor in the first-ever Mexican concurso mercantil proceeding;
  • a subcommittee of noteholders of Quebecor World (USA), Inc. in its coordinated Chapter 11 cases and Canadian CCAA proceedings; and
  • parties in numerous Chapter 11 cases across the U.S., including Intermet Corporation and its affiliates (Chapter 11 debtors); Alper Holdings, USA, Inc. (Chapter 11 debtor); MacGregor Golf Company (in out-of-court restructuring); Boston Generating, Inc. (counsel to secured lenders); Northwest Airlines, Inc. and its affiliates (counsel to ad hoc committee of secured noteholders); Equity Media Holdings Corporation and its affiliates (counsel to secured lenders); Communications Corporation of America, White Knight Holdings, Inc. and their respective affiliates (counsel to secured lenders); Heartland Communications (counsel to second lien lenders); and Adelphia Communications Corporation (counsel to administrative agent of secured lending facility).



  • J.D., New York University School of Law, 2004
  • B.A., University of Maryland, 2001


  • New York

Peter Newman

Partner, Corporate Restructuring