Buvini Kularatne acts on a broad range of contentious and non-contentious, cross-border, financial restructuring, corporate recovery and turnaround matters. Buvini has a particular focus on distressed real estate work and has undertaken two secondments at a private equity real estate investment fund.
Representative Experience
Buvini has represented:
- A creditor in relation to its position in the Thomas Cook proposed refinancing and eventual liquidation.
- A creditor in relation to its position in the Casino refinancing.
- An Irish bank in relation to the English law governed settlement of multi-jurisdiction litigation proceedings, including the sale of an Indian real estate holding company out of an Indian resolution process.
- A global serviced office and co-working space provider on its continued internal restructuring in various European, Asia Pacific and African jurisdictions and in relation to the acquisition of various competing businesses out of administrations and via loan to own strategies.
- Famar on the successful restructuring, recapitalization and strengthening of its capital structure.
- A creditor in relation to its position in the Noble restructuring.
- The lender side in relation to the international restructuring of Pacific Andes Resources Development Limited (PARD), China Fishery International Limited and certain subsidiaries of PARD and China Fishery Group Limited, involving proceedings in, among other jurisdictions, Singapore, BVI and Peru and Chapter 11 proceedings in New York.
Other matters:
- Advising Northwood Investors on the acquisition of a majority holding in the €961 million French-listed Prime Office SIIC, CéGéREAL S.A.
- Advising Northwood Investors on the acquisition and subsequent restructuring of the £635 million Highcross portfolio of UK regional, commercial properties together with the related asset management platform, Highcross Strategic Advisers Limited.
- Advising Northwood Investors on several matters, including the purchase of loans from Irish Bank Resolution Corporation and the related acquisitions and refinancings of Diagonal Mar Shopping Center in Barcelona, the Four Seasons Hotel in Prague and the offices at Heuston South Quarter in Dublin.
- Advising a Chinese property development company in its restructuring of five series of convertible notes through inter-conditional Cayman and Hong Kong schemes of arrangement and Chapter 15 recognition.
- Advising a successful bidder for a portfolio of CDO securities auctioned by a UK-based commercial bank in connection with the acquisition of such securities and liquidation of underlying assets.
