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Proskauer Rose LLP

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Mark Thomas

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Proskauer Rose LLP

Work Department



Mark Thomas, U.S. co-head of the Business Solutions, Governance, Restructuring & Bankruptcy Group, concentrates on corporate workouts, restructurings and bankruptcies. He represents various companies and handles cross-border restructurings and insolvency proceedings. Mark’s clients include: debtors and borrowers in Chapter 11 bankruptcy cases and in out-of-court workouts and restructurings; private equity sponsors and funds in acquisitions of distressed businesses, assets and securities; lenders, committees, and ad hoc investor and lender groups in restructurings, workouts and bankruptcies; and senior secured lenders and their agents in pre-petition, debtor-in-possession and exit financing facilities. Mark also represents buyers and sellers of distressed assets.

United States: Finance

Restructuring (including bankruptcy): corporate

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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