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Proskauer Rose LLP

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Martin Bienenstock

Work (212) 969-4530
Proskauer Rose LLP

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Martin Bienenstock is chair of Proskauer’s Business Solutions, Governance, Restructuring & Bankruptcy Group. Experienced in corporate law, governance, reorganization, litigation and Dodd-Frank, Martin focuses on the formulation of derivatives benefitting from the Bankruptcy Code’s safe harbors, and has worked on broker-dealer insolvencies such as Lehman Brothers where he represented and represents financial institutions against the SIPA trustee and Lehman. Martin advises clients on restructurings, acquisitions, trials and appeals. He handled the Owens Corning appeal, increasing the value of his bank clients' claims against Owens Corning to more than $2.2 billion. Martin's practice also encompasses crisis management and restructuring.

United States: Finance

Restructuring (including bankruptcy): corporate

Within: Leading lawyers

Martin Bienenstock - Proskauer Rose LLP

Within: Restructuring (including bankruptcy): corporate

Proskauer Rose LLP has been handling a number of cases on the debtor side with a combination of lawyers from its Chicago and New York offices. In one of the headline cases of the year, practice head Martin Bienenstock and Timothy Karcher from the New York office represented Pacific Exploration Company in its pre-packaged bankruptcy cases in New York, Canada and Colombia, involving the restructuring of around $5bn of debt. On the creditor side, the team also continues to represent the unsecured creditors’ committee in all aspects of Caesars Entertainment Operating Company’s Chapter 11. In another high-profile engagement, the firm represented the Government Development Bank for Puerto Rico in its case before the US Supreme Court regarding the upholding of the Puerto Rico Public Corporation Debt Enforcement and Recovery Act against federal bankruptcy law. Further debtor-side engagements included advising The Budd Company on its Chapter 11, representing Ocala Funding in litigation arising from its 2012 bankruptcy, and assisting Monomoy Capital Partners with the pre-packaged Chapter 11 of its majority-owned portfolio company EveryWare Global. Mark Thomas co-chairs the practice with Bienenstock and Jeff Marwil. Partners named are based in Chicago unless otherwise stated.

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