Thomas Doyen is a counsel in the Paris office of Latham & Watkins and a member of the firm’s Restructuring & Special Situations Practice. He has developed important experience in major French pre-insolvency and insolvency proceedings cases as well as high profile out-of-court and complex cross-border restructuring matters in a broad range of industries, acting on behalf of debtors, sponsors, and hedge funds, especially with respect to distressed leveraged buyout (LBO) cases (including loan-to-own/debt-to-equity swap strategies). He also benefits from extensive experience advising corporate entities or special situations funds on the acquisition or sale of distressed businesses through share deals (distressed M&A) or asset deals under insolvency proceedings (plan de cession) and has been regularly involved in restructuring litigation cases and distressed merger and acquisition situations.

Mr. Doyen is a member of the ARE, the French Institute of Insolvency Practitioners (Institut Français des Praticiens des Procédures Collectives, or IFPPC), INSOL Europe, and the Young Restructuring Professionals Association (Association des Jeunes Professionnels du Restructuring, or AJR).

He has also recently been involved in a working committee of the main restructuring professional association (Association pour le Retournement des Entreprises, or ARE) working on the transposition in France of the EU Directive on restructuring and insolvency.

Mr. Doyen also frequently lectures on restructuring matters at business law schools. 

Recognition Highlights

Recognized as a Rising Star. ‘The Paris insolvency team is made up of exceptional individuals (Alexandra Bigot and Thomas Doyen) and is uniquely positioned to handle large-scale, complex cross-border cases.’ The Legal 500 EMEA 2022

Mr. Doyen is ranked Ones to Watch by Best Lawyer 2021.

Mr. Doyen is recognized as Rising Star in the Restructuring and Insolvency category by ExpertGuides 2021.

Mr. Doyen's experience includes representing:

  • The banks on the financial debt restructuring of the Damartex Group, the leading player of the silver economy
  • The Pimkie group, a French apparel brand, on its financial and operational restructuring
  • Several large French retail groups in the context of their operational and financial restructuring under mutual agreement procedures
  • Smyths Toys in the context of the takeover of the assets and activities of Luderix International (operating the PicWicToys brand) by way of a receivership disposal plan
  • The bilateral lenders of the GEFCO group as a result of the sanctions imposed on the main shareholder, the Russian company Russian Railways and the subsequent acquisition of the group by CMA-CGM
  • Certares in the context of the backing process of the Pierre & Vacances – Center Parcs group 
  • Marathon Asset Management in the refinancing and anticipated reimbursement of Foraco International SA's existing debt
  • The cross-holders coordinating committee in the financial restructuring of the Europcar group
  • Butler Industries in its bid for the acquisition of Courtepaille’s assets and activities under insolvency proceedings
  • Impala in the successful takeover of the cosmetics group Alès Groupe under insolvency proceedings
  • Grain de Malice (Oosterdam group) in its bid offer for part of the assets and businesses of Camaïeu in the context of insolvency proceedings*
  • BUT in relation to the financial difficulties of Paris Bedding (Dunlopillo) and restructuring of the Adova group*
  • The coordinating committee of senior noteholders in the cross-border restructuring of the Lecta group (including Condat in France, the first private employer in Dordogne)*
  • A group of majority bondholders, including Anchorage Capital and Hayfin Capital, on the third restructuring of the Vivarte group, resulting through the implementation of a Fiducie (French trust) in the complete cancellation of its debt and its takeover by the bondholders and ending the financial restructuring of Vivarte for more than €3 billion since 2014*
  • Cromology (formerly Materis Paint) and its sponsor, Wendel, a Paris-listed private equity firm, on Cromology’s financial restructuring*
  • Schmolz + Bickenbach in its successful bid for the acquisition of the assets and businesses of Asco Industries (Ascometal group) under insolvency proceedings and the subsequent negotiations regarding Ascoval*
  • The steering committee of the high yield bondholders on the debt and share capital restructuring of French oil services listed company CGG, among the major financial restructurings in France with US$3 billion indebtedness, and the first restructuring conducted under French (sauvegarde) and US (chapter 11 and chapter 15) legal proceedings led in parallel*
  • Logo and its subsidiaries in the context of bankruptcy proceedings in France and abroad*
  • CMA CGM in its bid for the acquisition of Necotrans’ assets and businesses under insolvency proceedings*
  • Verdoso in its bid for the acquisition of Group Flo, a leading restaurant chain in France*

*Matter handled prior to joining Latham

Bar Qualification

  • Avocat (Paris)

Education

  • LLM in International Business Law, King's College London, 2012
  • Master 2 Professionnel in Business Law, Université Paris IX Dauphine, 2011

Languages Spoken

  • English