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Mayer Brown

71 SOUTH WACKER DRIVE, CHICAGO, IL 60606, USA
Tel:
Work +1 312 782 0600
Fax:
Fax +1 312 701 7711
Email:
Web:
www.mayerbrown.com

Brian Trust

Tel:
Work +1 212 506 2570
Email:
Mayer Brown

Work Department

Restructuring, Bankruptcy & Insolvency.

Position

Brian Trust is the head of Mayer Brown’s Restructuring, Bankruptcy & Insolvency practice. Brian focuses on representing large institutional creditors, including agent banks and lending syndicates. Brian has extensive experience in complex Chapter 11 reorganizations, out-of-court restructurings and recapitalizations, mergers and acquisitions of financially distressed companies, acquisition and divestiture of claims against and equity interests in distressed companies, and debtor-in-possession and exit financings. Brian is currently playing a leading role in representing financial institutions in connection with (a) the worldwide financial crisis, including with respect to Lehman Brothers Holdings, Inc., and its affiliated debtors, AIG Financial Products Corp. and others, (b) the mortgage industry, including with respect to C-BASS, Luminent and others, the monoline industry, including with respect to MBIA Corp., and (c) major commercial real estate, including with respect to the Levitt and Sons, LLC, Chapter 11 case , Harbor Estates LLC, and representation of the successor special servicer in the restructuring of Harry Macklowe’s mid-town trophy office buildings in respect of $1.6 billion of senior, secured, securitized debt. He has also played a major role representing senior lending syndicates in, among other matters, LyondellBasell Industries AF S.C.A., Ecko.Complex, LLC, Marchon Eyewear, Inc., National Leisure Group, Inc., Tower Automotive, Inc., Impath, Inc., SLI, Inc., Outsourcing Solutions, Inc., IMG Worldwide, Inc., OM Group, Inc., Weigh-Tronix, Inc., Extendicare, Inc., Applied Graphics Technology, Inc., American Skiing Company, SC International Services, Inc., Interim HealthCare, Inc., PSC Scanning Inc., and London Fog. Brian has been recognized for cutting edge work on behalf of DIP lenders in In re Tribune Company (structure described in the press as “unusual,” “new” and “innovative”), In re Lyondell Chemical Company (largest DIP facility ever filed, including first-ever “partial roll-up”) and In re AbitibiBowater Inc. (complex issues raised by securitization facility juxtaposed against Chapter 11 proceedings in the United States and CCAA proceedings in Canada). Brian has represented significant lenders and/or investors in, among other bankruptcy cases, Sentinel Management Group, Inc., Custom Foods, Inc., a major law firm’s acquisition of Coudert Brothers’ New York operations, Sea Containers Ltd., Calpine Corporation, WorldCom, Parmalat, Owens Corning, Kmart, Allied Deals, Inc., American Business Financial Services, Inc., and Drug Emporium. He has served as counsel to lending syndicates in certain successful divestiture transactions (e.g., GenRad, Inc., Chart House, Inc., Hollywood Theaters Inc., Cable Plus Company, L.P., and Mutual Benefit Life Assurance). Brian also has extensive experience in bankruptcy matters pertaining to the real estate industry (hotels, office buildings, shopping mall complexes, condominium developments and site developments) as well as extensive experience in connection with airline reorganizations (in the early 1990s as well as the present). Brian is a frequent lecturer and author on bankruptcy and reorganization topics. Brian is a member of the American Bar Association (member, Section of Business Law), The Association of the Bar of the City of New York, The Association of Commercial Finance Attorneys, Inc. and the American Bankruptcy Institute. He is a member of the Bar of the State of New York and is admitted to practice before several Federal Courts.

Education

City University of New York, BA, 1977; New York University, M.A., 1979; NY University School of Law, JD, 1986 Articles Editor Law Review cum laude.


United States: Finance

Restructuring (including bankruptcy): corporate

Within: Restructuring (including bankruptcy): corporate

Knowledgeable in both corporate trust theory and practice as well as litigation strategy and execution’, Mayer Brown is largely known for representing international banks as creditors and investors in distressed companies. New York-based Frederick Hyman led a team advising Malayan Banking Berhad as creditors in the cross-border Chapter 11 proceedings of China Fisheries Group. In the bankruptcy case of Peabody Energy Corporation the team advised PNC Bank and PNC Capital Markets on the asset-backed DIP financing facility. Brian Trust in New York heads the group which also includes Sean Scott and the ‘tough and knowledgeable’ Matthew Wargin; both are based in Chicago.

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