Buvini Kularatne

Representative Experience

Buvini has represented:

• A manufacturer of advanced recyclable, biodegradable and marine-safe packaging products in the restructuring of its senior, secured, insurance-backed debt.
• The secured lender on the restructuring and new-money financing of a large residential real estate portfolio across multiples cities in Germany.
• The ad hoc group of lenders in relation to the corporate and financial restructuring of the Cineworld UK group of companies, which involved the Chapter 11 proceedings for the UK PLC holding company and certain UK and Jersey tenant company subsidiaries, the administration of the UK PLC holding company, as well as the consensual renegotiation of the UK real estate portfolio.
• GLAS Trust Corporation Limited in connection with the placing of various entities of holiday park business — the Royale Resorts group of companies — into administration, the appointment of receivers in relation to certain assets of Royale Resorts, continued negotiations with contesting creditors and counterparties, and the negotiation and settlement of claims with administrators.
• A guarantor company of a co-working and serviced-office provider in relation to its bankruptcy in Luxembourg, and recognition and related litigation in Jersey.
• Outback Presents LLC in relation to the restructuring of its UK subsidiary Robomagic Live Ltd, the leading independent, full-service promoter of live entertainment in the UK.
• A co-working and serviced-office provider in relation to out-of-court administration appointments and restructurings of its English tenant companies.
• Essar Oil (UK) Limited in relation to its contingency planning, stakeholder management and restructuring.
• GLAS Trust Corporation Limited as incoming security agent in respect of the business transferred pursuant to the (first-ever) sanctioned Energy Transfer Scheme of Bulb Energy Limited (in energy supply company administration).
• A creditor in relation to the restructuring of Intu Properties Plc.
• Northwood Investors in relation to the distressed acquisition of an Austrian hotel out of a security enforcement sale and its subsequent restructuring.
• A key banknote supplier and creditor in relation to the restructuring of foreign exchange company Travelex.
• Northwood Investors on its acquisition of Five Acre Square.
• Bank of America in relation to its position in the Thomas Cook proposed refinancing and eventual liquidation.
• Irish Bank Resolution Corporation 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 creditor in relation to its position in the Noble restructuring.
• A creditor 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 as well as Chapter 11 proceedings in New York.

Other Matters

• Northwood Investors in the acquisition of a majority holding in the €961-million French-listed prime office SIIC, CéGéREAL S.A.
• Northwood Investors in 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.
• Northwood Investors in 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.
• 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.
• 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.