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Cadwalader Names Veteran Duo to Lead Financial Restructuring Team, Bolsters Practice with Two Accomplished New Partners

 Cadwalader Names Veteran Duo to Lead Financial Restructuring Team, Bolsters
                 Practice with Two Accomplished New Partners

  PR Newswire

  NEW YORK, May 6, 2013

- Gregory Petrick and Mark Ellenberg tapped to lead a seasoned team with two
new Partners to join in London

NEW YORK, May 6, 2013 /PRNewswire/ --Cadwalader, Wickersham & Taft LLP, a
leading counselor to global financial institutions and corporations, announced
today that Gregory M. Petrick, head of the firm's European and Asian
Restructuring Practice and currently Managing Partner of the London office,
and Mark C. Ellenberg, a Partner in the Restructuring Practice, have been
named Co-Chairs of Cadwalader's Financial Restructuring Department. Both are
long-serving, senior members of Cadwalader's Restructuring Department. The
firm also announced that Holly Neavill and Louisa Watt have joined the
Financial Restructuring team as Partners in the London office.

"It is a pleasure to announce the ascension of Greg and Mark to the leadership
positions of Co-Chairs of the Financial Restructuring Department at
Cadwalader," said Christopher White, Chairman. "In various capacities and
over a long period of time, they have been instrumental in leading and growing
the practice."

Petrick has played key roles in the restructuring, reorganization, sale and
acquisition of businesses in the life insurance, financial services,
telecommunications, energy, real estate, shipping, and hospitality industries.
He has led cross-border restructurings across Europe, Indonesia and Australia.
In the past year, Petrick has helped guide the growth of the firm's London
office, attracting numerous leading lawyers to the practice.

"Financial restructuring is a vital component of the services Cadwalader
offers to its domestic and multinational clients on both sides of the ocean,"
said Petrick. "The experience and depth of talent in both New York and London
will drive our cross-border strategy going forward. We are pleased to be
leading that effort."

Ellenberg advises debtors and creditors in complex financial restructuring,
workout, and bankruptcy matters, including LyondellBasell, Northwest Airlines,
Lehman and Enron, among others.

"It is a privilege to be named Co-Chair of the department," said Ellenberg.
"The complex challenges facing companies in today's economy require the kind
of skills and creativity for which Cadwalader is well known. I look forward to
working with my friend and long-time colleague to direct those efforts."

Holly Neavill joins Cadwalader from Latham & Watkins LLP, where she was a
Partner in the London office. Neavill began her legal career in the United
States and moved to London in 2003. She has significantexperience with the
legal systems and workoutprocedures across Europe and in the United States,
and hasbecome well-known in the London marketfor her dedication, technical
expertise and commercial approach.Neavill has worked on a number of high
profile restructurings and distressed M&A deals, most recently leading the ad
hoc committee of bondholders in the award winning restructuring of SEAT Pagine
Gialle, a publicly-listed Italian directories business. Neavill is a graduate
of Boston University Law School.

Louisa Watt joins the firm as a debt and claims trading Partner in the
Restructuring Practice. She was previously at Richards Kibbe & Orbe LLP, where
she was a Partner in the London office. She is a leading practitioner in the
transfer of distressed debt and claims in the secondary market within Europe,
Asia and the United States, and an active participant in the Loan Market
Association. She has extensive experience in advising clients on a range of
bespoke trading transactions, often involving multiple jurisdictions. She
began her career in 1999 at Weil, Gotshal and Manges LLP, and was an associate
at Orrick, Herrington & Sutcliffe LLP. She was elected Partner at Richards
Kibbe & Orbe in 2007, and became a member of the firm's Executive Committee in
2011.

"The European market continues to present its challenges, with creditors
looking for practical and innovative solutions for cross-border
restructuring," Petrick said. "Holly and Louisa have proven track records.
They have built strong and unique practices representing a range of
institutions facilitating restructurings, distressed M&A and trading
transactions and are leading authorities in this area. This is an exciting
time of growth for our restructuring practice, and these are the right
attorneys."

Cadwalader's Financial Restructuring Practice is a full-service,
multidisciplinary group comprising attorneys in the United States and London.
The team advises clients with interests in North America, Europe, Asia, Latin
America and Africa. The appointments of Neavill and Watt further broaden the
range of expertise within the practice, which continues to grow following the
recent hire of Partner Yushan Ng and Special Counsel Karen McMaster, both from
Linklaters.

About Cadwalader, Wickersham & Taft LLP

Cadwalader, Wickersham & Taft LLP, established in 1792, serves a diverse
client base, including many of the world's leading financial institutions and
corporations in more than 50 countries. With offices in New York, London,
Charlotte, Washington, Houston, Beijing, Hong Kong and Brussels, Cadwalader
offers legal expertise in antitrust, banking, business fraud, corporate
finance, corporate governance, energy, environmental, financial restructuring,
health care, intellectual property, litigation, mergers and acquisitions,
private equity, private wealth, real estate, regulation, securitization,
structured finance and tax. For more information, visit www.cadwalader.com .

Contacts: Adam Segall +1 212 504 6492 adam.segall@cwt.com Matthew Clark +1 202
728 8766 matthew.clark@fticonsulting.com 

Website: http://www.cadwalader.com
 
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