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Global Leader

Restructuring & Insolvency 2019

Professional Biography

WWL Ranking: Recommended

WWL says

Daniel Hayek is a "strong negotiator" who is "commercially oriented" and "represents the interests of clients well". Sources also note that he is "very good at representing bondholders".

Biography

Daniel Hayek is a member of the management committee and head of insolvency and restructuring at Prager Dreifuss, one of Switzerland's leading firms for commercial law. He graduated from the University of Zurich in 1990 (lic iur) and from New York University School of Law in 1995 (LLM in corporate law). He was admitted to the Swiss bar in 1993. Before joining Prager Dreifuss in 1997, he worked for another well-known business law firm in Zurich. Daniel has been a partner with Prager Dreifuss since 2001.

Daniel Hayek's practice focuses on all aspects of insolvency and restructuring matters, including representing creditors in bankruptcy-related litigation, registering or purchasing claims and in enforcing disputed claims before courts. His longstanding expertise includes M&A, corporate finance, takeovers, banking and finance and corporate matters, also in restructuring situations. He represents a broad range of corporate clients, as well as private clients, in all types of domestic and cross-border transactions, in court and before arbitration tribunals.

Daniel's recent practice comprises, among others, representation of the trustee and the security agent of the bondholders regarding their claims against one of Europe's largest independent oil refiners, the Switzerland-based Petroplus group; enforcing a large claim based on derivatives in a litigation against the bankrupt estate of the Swiss Lehman entity;and  advising the trustee of the Kodak pension plan on the acquisition of assets and restructuring. Daniel has been advising a group of lenders on providing multibillion-euro financing to an international infrastructure project. He is also leading a group of bondholders in negotiations and litigation proceedings against Banca Monte dei Paschi di Siena and the European Commission, as well as advising on the assignment of large claims raising complex cross-border issues against bankrupt estates such as Swissair, Erb and Lehman.

Chambers Europe recommends Daniel's “extensive knowledge and experience in complex, cross-border cases” and “his very good judgement and strategic advice” (Chambers Europe, 2018). Daniel is also ranked as "highly regarded" in the banking and M&A sections of IFLR 1000. Daniel’s recently published articles include "Subordination of Loans" (Die Aktuelle Juristische Praxis, September 2018) and "Key Questions on Subordination" (IFLR, March 2018). He also spoke on the subordination of loans and their effect on the insolvency of the parties involved at the sixth Zurich Convention on Bankruptcy and Restructuring in February 2018. He also contributed overviews on Swiss insolvency law and Swiss restructuring law to the 2017 editions of The Insolvency Review and The Restructuring Review.

National Leader

WWL Ranking: Recommended

WWL says

 Daniel Hayek has in-depth knowledge of the restructuring and insolvency space, and stands out for his excellent work and experience in complex cross-border cases.

Biography

Daniel Hayek is chairman of the management committee and head of the insolvency and restructuring team as well as the corporate and M&A team of Prager Dreifuss, one of Switzerland's leading firms for commercial law. He graduated from the University of Zurich in 1990 (lic iur) and from New York University School of Law in 1995 (LLM in corporate law). He was admitted to the Bar in 1993. Before he joined Prager Dreifuss in 1997, he worked for another well-known business law firm. Daniel has been a partner with Prager Dreifuss Ltd since 2001.

Daniel Hayek's practice focuses on all aspects of insolvency and restructuring matters, including representing creditors in bankruptcy-related litigation, registering or purchasing claims or in enforcing disputed claims before courts. His longstanding expertise includes M&A, corporate finance, takeovers, banking and finance and corporate matters, also in restructuring situations. He represents a broad range of corporate clients as well as private clients in all types of domestic and cross-border transactions in court and before arbitration tribunals.

Daniel's recent practice comprises, amongst others, the representation of the trustee and the security agent of the bondholders regarding their claims against one of Europe's largest independent oil refiners, Swiss-based Petroplus group, enforcing a large claim based on derivatives in a litigation against the bankrupt estate of the Swiss Lehman entity and advising the trustee of the Kodak pension plan on the acquisition of assets and restructuring. Daniel has been advising a group of lenders on providing multi-billion EUR financing to an international infrastructure project. Further, he is leading a group of bondholders in negotiations and litigation proceedings against Banca Monte dei Paschi di Siena and the European Commission. He is also advising on the assignment of large claims raising complex cross-border issues against bankrupt estates such as Swissair, Erb and Lehman.

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