Bio
Lalita Vaswani is Counsel in Appleby’s corporate practice group. She qualified as a barrister in London and practiced at a leading firm in the Eastern Caribbean before joining Appleby in 2017.
Lalita advises on complex cross-border restructuring and insolvency matters. She regularly acts for distressed companies, creditors, regulators, investors and insolvency practitioners across a myriad of sectors including energy, insurance, real estate, technology and finance.
Lalita has special expertise in large-scale reorganizations. She leads the Bermuda voluntary liquidation practice and regularly accepts appointments as liquidator on solvent liquidations. She also advises on mergers and acquisitions (and in particular, privatization schemes of arrangement).
Legal500 has recognized Lalita for “her pragmatic and diligent approach”, “attention to detail of the facts presented on client engagements”, “providing straightforward advice” and commended her as “highly dedicated, practical and intelligent” as well as “personable and approachable”.
She has been involved in many major cross-border restructurings including Noble Group, Seadrill, Digicel, GCX and Floatel.
During her tenure in the Caribbean, she was a leading advisor to the judicial managers of British American Insurance Company Limited and CLICO Barbados Limited, the custodian of Bancafe International Bank and the bankruptcy trustee for the Harlequin Group.
Lalita has a strong background in commercial litigation and previously appeared before the Bermuda, Barbados and Eastern Caribbean Supreme Courts as well as the Bermuda Court of Appeal. She is a member of INSOL and a founding member of the Bermuda Chapter for International Women’s Insolvency & Restructuring Confederation.
Bio
Lalita Vaswani is Counsel in Appleby’s corporate practice group. She qualified as a barrister in London and practiced at a leading firm in the Eastern Caribbean before joining Appleby in 2017.
Lalita advises on complex cross-border restructuring and insolvency matters. She regularly acts for distressed companies, creditors, regulators, investors and insolvency practitioners across a myriad of sectors including energy, insurance, real estate, technology and finance.
Lalita has special expertise in large-scale reorganizations. She leads the Bermuda voluntary liquidation practice and regularly accepts appointments as liquidator on solvent liquidations. She also advises on mergers and acquisitions (and in particular, privatization schemes of arrangement).
Legal500 has recognized Lalita for “her pragmatic and diligent approach”, “attention to detail of the facts presented on client engagements”, “providing straightforward advice” and commended her as “highly dedicated, practical and intelligent” as well as “personable and approachable”.
She has been involved in many major cross-border restructurings including Noble Group, Seadrill, Digicel, GCX and Floatel.
During her tenure in the Caribbean, she was a leading advisor to the judicial managers of British American Insurance Company Limited and CLICO Barbados Limited, the custodian of Bancafe International Bank and the bankruptcy trustee for the Harlequin Group.
Lalita has a strong background in commercial litigation and previously appeared before the Bermuda, Barbados and Eastern Caribbean Supreme Courts as well as the Bermuda Court of Appeal. She is a member of INSOL and a founding member of the Bermuda Chapter for International Women’s Insolvency & Restructuring Confederation.
Work Highlights
- DIGICEL, Advised in relation to the $4.4 Billion in the aggregate Digicel restructuring;
- GLOBAL ATLANTIC, Advised Global Atlantic Financial Group in the $2.7 billion sale of its remaining 37% stake to KKR, increasing KKR’s ownership to 100%;
- Appleby Bermuda advised in connection with the $13.3 billion take-private acquisition of Bermuda-based Triton International Limited (Triton) by Brookfield Infrastructure Partners L.P (BIP) through BIP’s subsidiary Brookfield Infrastructure Corporation (BIPC) and its institutional partners (Brookfield Infrastructure);
- GLOBAL ATLANTIC, – Appleby Bermuda advised Global Atlantic in its $2.4 billion capital raise for sidecar Ivy II;
- ETELEQUOTE LTD., Acted as Bermuda counsel to e-TeleQuote in connection with the sale of its operating subsidiaries to Primerica, a well established provider of financial services to middle-income families throughout the United States and Canada. This deal gives an enterprise value of $600 million;
- FLOATEL INTERNATIONAL LIMITED. Advised Floatel International Limited and it subsidiaries (the Group) on its successful, fully comprehensive balance sheet restructuring. The Floatel Group is renowned for providing offshore accommodation and support vessels;
- GLOBAL CLOUD EXCHANGE (GCX). Advised and represented an ad hoc group of bondholders holding $350 million of bond debt in respect of Bermuda winding up proceedings and the debt restructuring of GCX and its affiliates in a US Chapter 11 Plan;
- TITAN PETROCHEMICALS GROUP. Advised and represented a creditor of Titan¸ a Hong Kong listed company, with a convertible bond debt of HK$96.6 million in a rare Bermuda contested winding up petition;
- SEADRILL. Advised the coordinating committee representing a bank group holding USD 7.4 billion in secured debt, on Seadrill Limited’s successful completion of its USD 10 billion restructuring plan pursuant to its chapter 11 plan of reorganisation. This high profile restructuring was one of the most complex restructurings in history and the largest ever in the offshore drilling sector.
- DIGICEL, Advised in relation to the $4.4 Billion in the aggregate Digicel restructuring;
- GLOBAL ATLANTIC, Advised Global Atlantic Financial Group in the $2.7 billion sale of its remaining 37% stake to KKR, increasing KKR’s ownership to 100%;
- Appleby Bermuda advised in connection with the $13.3 billion take-private acquisition of Bermuda-based Triton International Limited (Triton) by Brookfield Infrastructure Partners L.P (BIP) through BIP’s subsidiary Brookfield Infrastructure Corporation (BIPC) and its institutional partners (Brookfield Infrastructure);
- GLOBAL ATLANTIC, – Appleby Bermuda advised Global Atlantic in its $2.4 billion capital raise for sidecar Ivy II;
- ETELEQUOTE LTD., Acted as Bermuda counsel to e-TeleQuote in connection with the sale of its operating subsidiaries to Primerica, a well established provider of financial services to middle-income families throughout the United States and Canada. This deal gives an enterprise value of $600 million;
- FLOATEL INTERNATIONAL LIMITED. Advised Floatel International Limited and it subsidiaries (the Group) on its successful, fully comprehensive balance sheet restructuring. The Floatel Group is renowned for providing offshore accommodation and support vessels;
- GLOBAL CLOUD EXCHANGE (GCX). Advised and represented an ad hoc group of bondholders holding $350 million of bond debt in respect of Bermuda winding up proceedings and the debt restructuring of GCX and its affiliates in a US Chapter 11 Plan;
- TITAN PETROCHEMICALS GROUP. Advised and represented a creditor of Titan¸ a Hong Kong listed company, with a convertible bond debt of HK$96.6 million in a rare Bermuda contested winding up petition;
- SEADRILL. Advised the coordinating committee representing a bank group holding USD 7.4 billion in secured debt, on Seadrill Limited’s successful completion of its USD 10 billion restructuring plan pursuant to its chapter 11 plan of reorganisation. This high profile restructuring was one of the most complex restructurings in history and the largest ever in the offshore drilling sector.
Recognition
Legal 500 has recognized Lalita for “her pragmatic and diligent approach”, “attention to detail of the facts presented on client engagements”, “providing straightforward advice” and commended her as “highly dedicated, practical and intelligent” as well as “personable and approachable”.
Legal 500 has recognized Lalita for “her pragmatic and diligent approach”, “attention to detail of the facts presented on client engagements”, “providing straightforward advice” and commended her as “highly dedicated, practical and intelligent” as well as “personable and approachable”.
Coverage & Insights
- Bermuda: Insolvency in a Consistently Reliable Restructuring Jurisdiction – Americas Restructuring Review 2024 – Global Restructuring Review – December 2023
- The Insolvency Review – Edition 11 – The Law Reviews – October 2023
- Bermuda Insolvency and Restructuring Law Update – South Square Digest – December 2022
- Americas Restructuring Review 2023 – Global Restructuring Review, December 2022
- The Insolvency Review – Edition 10 – The Law Reviews, October 2022
- Americas Restructuring Review 2022 – Global Restructuring Review, December 2021
- The Insolvency Review – Ninth Edition – The Law Reviews, October 2021
- Americas Restructuring Review 2021 – Global Restructuring Review – December 2020
- The Insolvency Review, Eighth Edition – The Law Reviews – December 2020
- Restructuring & Insolvency 2020 – Lexology Getting the Deal Through – January 2020
- The Insolvency Review, Seventh Edition – The Law Reviews – December 2019
- Bermuda’s rescue culture in action: Noble Group Limited – The Bankruptcy & Restructuring Expert Guide – May 2019
- Bermuda: Insolvency in a Consistently Reliable Restructuring Jurisdiction – Americas Restructuring Review 2024 – Global Restructuring Review – December 2023
- The Insolvency Review – Edition 11 – The Law Reviews – October 2023
- Bermuda Insolvency and Restructuring Law Update – South Square Digest – December 2022
- Americas Restructuring Review 2023 – Global Restructuring Review, December 2022
- The Insolvency Review – Edition 10 – The Law Reviews, October 2022
- Americas Restructuring Review 2022 – Global Restructuring Review, December 2021
- The Insolvency Review – Ninth Edition – The Law Reviews, October 2021
- Americas Restructuring Review 2021 – Global Restructuring Review – December 2020
- The Insolvency Review, Eighth Edition – The Law Reviews – December 2020
- Restructuring & Insolvency 2020 – Lexology Getting the Deal Through – January 2020
- The Insolvency Review, Seventh Edition – The Law Reviews – December 2019
- Bermuda’s rescue culture in action: Noble Group Limited – The Bankruptcy & Restructuring Expert Guide – May 2019
Qualifications & Education
Lalita read Law in England at the University of Warwick and the London School of Economics and Political Science. For her vocational education, she attended the College of Law in England where she obtained a Post-Graduate Diploma in Legal Practice and the Hugh Wooding Law School in Trinidad where she obtained a Certificate of Legal Education.
She has been called to the Bars of England and Wales, Barbados, Saint Lucia and Saint Vincent and the Grenadines.
- The University of Warwick (England)
- The London School of Economics and Political Science (England)
- The College of Law (England)
- Hugh Wooding Law School, The University of the West Indies (Trinidad)
Lalita read Law in England at the University of Warwick and the London School of Economics and Political Science. For her vocational education, she attended the College of Law in England where she obtained a Post-Graduate Diploma in Legal Practice and the Hugh Wooding Law School in Trinidad where she obtained a Certificate of Legal Education.
She has been called to the Bars of England and Wales, Barbados, Saint Lucia and Saint Vincent and the Grenadines.
- The University of Warwick (England)
- The London School of Economics and Political Science (England)
- The College of Law (England)
- Hugh Wooding Law School, The University of the West Indies (Trinidad)