Milbank LLP won Debtor Law Firm of the Year at the Global Restructuring Review (GRR) Awards 2025, held on November 20 in London.  The awards celebrate excellence in the global restructuring community, recognizing standout practices that have made a significant impact over the past year. The firm received this award after an outstanding year of achievements, advising on numerous notable transactions. Highlights include advising Intrum, a Swedish European credit management agency on the restructuring of its €4.5 billion debt stack, including defending the restructuring from numerous challenges brought by a minority group of noteholders;  providing counsel to Ligado Networks, a mobile satellite company on reducing its debt pile to US$1.2 billion through a US$7.8 billion debt-for-equity swap; and providing counsel to Indonesian property developer, Modernland, on its two pre-pack schemes of arrangement. “We are deeply honored to be recognized as Debtor Law Firm of the Year,” said Yushan Ng, Global Co-Practice Group Leader, Financial Restructuring.  “These awards recognise the strength of our team globally and the diverse nature of our practice representing debtors and creditors.” Milbank has also been ranked 4th in the GRR 30 2025. The full list can be found here: GRR 30 2025 - Global Restructuring Review Congratulations to the team!