Emily Lockhart

Emily Lockhart is counsel in Goodwin’s Financial Restructuring practice. She has substantial experience acting on a diverse range of contentious and non-contentious restructuring and insolvency matters, most recently with a focus in the technology and health sectors. Prior to joining Goodwin, she completed a secondment to a major European bank. Her clients include insolvency practitioners, directors, boards, creditors, debtors, purchasers, financial institutions, and other stakeholders. Emily also has experience on general financing matters.

Aurora Lighting
Acting for the acquirer, by way of a pre-packaged administration, of the UK business and assets of a global trade lighting business from Alvarez & Marsal.

Import.io Limited
Acting for FRP as administrators in the pre-pack sale of the Delaware shares in an SaaS provider.

Starleaf Limited
Acting for Kroll as administrators of a video conference and cloud storage software provider, including a sale of various assets of the business to Zoom.

Eastnine Studios Limited
Acting for Kroll as administrators in selling an iOS smartphone and Apple watch digital training application and all related object and source code to Pure Gym in August 2021.

Bardsley Horticulture Limited
Acting for the boards of the Bardsley Group as part of the solvent reorganisation and sale of shares to Camellia Plc in Summer 2021.

T0day Group
Acting for Interpath as administrators appointed over the English companies in the T0day Group in selling various intellectual property assets in relation to the group’s retail strategy business via a pre-pack sale to Ocado Group Plc in March 2022.

Circle Birmingham Hospital
Acting for Medical Properties Trust in respect of the insolvency of the principal contractor, Simons Construction Limited, and arranging for the completion of the hospital development by the in-coming developer Imtech.

Project Mercatus
Acting for a bidder of a distressed shopping centre loan portfolio, with a total debt of over £400 million, secured against 15 shopping centres, by providing diligence on the loan and security documentation (and co-ordinating foreign counsel advice with respect to the same), helping to prepare the bid and considering and amending the form of purchase documentation.

Project Now
Acting for the board of a rapid delivery service application prior to the sale of the company to a trade buyer.

Project Stay
Acting for the mezzanine lender in an enforcement of its share and receivables security in order to take control of a hotel asset, where the combined secured debt value is was over £100 million.

Project Bounce
Acting for a company in a cross border refinancing of its senior debt in circumstances where the refinancing was insufficient to discharge the secured liabilities.

BMI Healthcare Portfolio
Acting for Medical Properties Trust in relation to the £1.5 billion acquisition of 30 private hospitals in the largest UK real estate transaction of 2019. The portfolio’s financing had been arranged prior to the 2008 financial crisis and required a significant pre-acquisition debt restructuring.

Abbey Retail Park, Belfast
Acting for Slate Asset Management in relation to its acquisition of the Abbey Retail Park in February 2020.

PA Resources*
Working with FTI advising an upstream oil and gas group with 16 companies in nine jurisdictions and significant liabilities, including negotiations with bondholders.

Project Hamburg*
Acting for the secured creditors in respect of an £85 million settlement involving seven loans to 20+ counterparties, including a debt for equity swap.

Project Jewel*
Acting for the senior secured creditor in relation to a superprime London residential asset.

Marlow Hotel*
Advice in respect of a solvent restructuring of a £30 million hotel asset, including a debt for equity swap and solvent share acquisition.

Project Space*
Acting for the asset manager in the disposal of 21 hotels, by way of both asset and share sales, the repayment of the related banking facilities and the consequent reorganization and wind-down of the remaining corporate group.

Wavecrest UK Ltd.*
Advising the administrators of a company that trade international calling minutes. The business and assets of the company were sold by way of a prepack sale with a concurrent sale of the shares in its Italian, French and U.S. subsidiaries.

Project Bruce*
Assisting with a large due diligence exercise for Natwest Capital Markets in connection with a substantial collateral debt obligation.

Project Home*
Advising the lenders of a care group with a £25 million exposure on an accelerated sale process in order to keep the group out of a formal insolvency procedure, including the facilitation of financing to bridge to achieve a sale.*

Monarch*
Assisting a lessor in repatriating planes following administration.*

Various security reviews and enforcement work for large financial institutions in distressed scenarios (including contingency planning, interpretation of intercreditor and priority positions and subsequent negotiations outside of a formal insolvency process).*

Negotiating and drafting settlement agreements between lenders and borrowers, including in relation to real estate assets with overage considerations.*

Advising creditors and insolvency practitioners on high-profile insolvencies in relation to retention of title issues.*

Advising clients on the MVL, strike-off, and company restoration processes.*

Emily is a member of the Association of Business Recovery Professionals (R3). She sits on both R3's Technical Committee and the London and South East Women's Committee.

• Co-Author, “Keeping the lights on: acquiring a distressed asset in the hotel sector, Corporate Rescue and Insolvency Journal,” Volume 15 Issue 3, June 2022
• Co-Author, “Distress in the Hotel Sector,” Hospitality + Leisure Trend Watch, February 2022
• Co-Author, “Hydrodec Group — Reconsidering COMI?,” Global Restructuring Review, October 2021
• Co-Author, “UK Corporate Insolvency and Governance Bill Proposes Significant Changes to Law,” Goodwin Alert, September 2020
• Co-Author, "Dealing With Crypto-Assets In A Downturn – Lessons From London And Other Jurisdictions," Corporate Rescue and Insolvency Journal, June 2020
• Co-Author, “Cryptoassets – How Are They Treated in an English Insolvent Estate?,” Global Restructuring Review, April 2020
• Co-Author, “Real Estate Peer to Peer Platform Lendy’s Demise and the Future of P2P Lending,” Goodwin Alert, December 2019