Please ensure Javascript is enabled for purposes of website accessibility



We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies enable us to add real value to our clients’ businesses.

View all services


Our experts provide independent guidance spanning advice and training to implementation and evaluation across sustainable investing, regulatory compliance and tech. Our tailored advice meets clients' specific needs, delivering flexible solutions and support.

View all Consulting


Our sector approach relies on smart collaboration between our business divisions, our service lines and our jurisdictions. These sector-based teams have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients see around corners.

View all sectors


Ogier provides practical advice on BVI, Cayman Islands, Guernsey, Irish, Jersey and Luxembourg law through our global network of offices across the Asian, Caribbean and European timezones. Ogier is the only firm to advise on this unique combination of laws.

News and insights

Keep up to date with industry insights, analysis and reviews. Find out about the work of our expert teams and subscribe to receive our newsletters straight to your inbox.

Fresh thinking, sharper opinion.

About us

We get straight to the point, managing complexity to get to the essentials. Our global network of offices covers every time zone. 

No Content Set

Ogier advises ad hoc group of noteholders on US$7.1 billion Valaris plc financial restructuring


07 May 2021


Ogier has acted as Jersey counsel to an ad hoc group of noteholders in relation to the financial restructuring of UK offshore drilling contractor Valaris plc and its outstanding debt liabilities of approximately US$7.1 billion. Valaris is the world's largest offshore drilling company by fleet size.

In August 2020, Valaris announced that it had filed a voluntary petition to commence a chapter 11 process in the US Bankruptcy Court, following entry into a restructuring support agreement and backstop commitment agreement with certain of its noteholders to reorganise its financial structure and substantially reduce its debt load.

The restructuring involved an equitisation of the outstanding debt liabilities, the provision of a debtor-in-possession facility by the noteholders and the issuance of new secured notes. The restructuring was implemented via chapter 11 and an English pre-pack administration sale. Throughout the process, Valaris continued to operate in the ordinary course of business.

Ogier worked alongside Akin Gump Strauss Hauer & Feld LLP in London, who acted as English counsel, and Kramer Levin Naftalis & Frankel LLP in New York, who acted as the lead and US Counsel.

Partner Bruce MacNeil, who led the Ogier team, said: "We are delighted to have assisted with this transaction, which represents a significant cross-border restructuring and we were pleased to lend our expertise."

Bruce MacNeil was assisted by managing associate James Lydeard and associate Tshepang Phiri.

No Content Set