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Proskauer Rose LLP

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Martin Bienenstock

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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

With offices in New York and Chicago, the bankruptcy and restructuring team at Proskauer Rose LLP kept busy with representations in some of the biggest and most high-profile bankruptcies. In Puerto Rico’s high-profile fiscal crisis, the team is advising the Financial Oversight and Management Board for Puerto Rico, taking the lead role in restructuring proceedings and in high-value litigation. The well-rounded practice also acted as co-counsel to Energy Future Holdings in its Chapter 11 restructuring. Martin Bienenstock and Timothy Karcher - both based in the New York office - advised Pacific Exploration Company on its $5.3bn restructuring. And on the creditor side, the group acted for the official committee of unsecured creditors of Caesars Entertainment Operating Co in the company’s $20bn Chapter 11 restructuring and represented the official unsecured creditors’ committee in the Chapter 11 case of Westinghouse Electric. Bienenstock heads the New York practice, which recently saw the departure of Philip Abelson to White & Case LLP and the arrival of Brian Rosen from Weil, Gotshal & Manges LLP. Jeff Marwil and Mark Thomas jointly head the Chicago office.

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