Firms To Watch: Restructuring (including bankruptcy): corporate

Baker McKenzie specialise in domestic, cross-border and multi-jurisdictional restructuring matters. The practice is led by Debra Dandeneau and Mark Bloom.
Pillsbury Winthrop Shaw Pittman, LLP is best known for its expertise in aviation related matters. The practice is led by Leo Crowley.
K&L Gates has a nationwide practice and represents clients in both private and public sectors. Margaret Westbrook heads the practice.

Restructuring (including bankruptcy): corporate in United States

Akin Gump Strauss Hauer & Feld LLP

Akin Gump Strauss Hauer & Feld LLP offers a sizeable team, well versed in out-of-court restructurings, strategic transactions and distressed and special situations. Clients range from official and informal creditors’ committees and companies to institutional investors. The practice is led by the experienced Ira Dizengoff, renowned for his representation of bondholders, noteholders and hedge funds, across an array of sectors including media and entertainment, gaming, hospitality and health care. The team leverages its international offices, furthering its expertise on cross-border insolvency, restructurings and disputes.  The combination of knowledge from both the New York and London offices broadens its cross-border creditor side expertise. It represents clients such as Brooks Brothers, CEC Entertainment, Nordic Aviation and Dean Foods. Notable work includes its representation of Intelsat Jackson Ad Hoc Croup within the Chapter 11 cases of Intelsat S.A. and its affiliated debtors and debtors-in-possession relating to a total of $14.7bn in debt. Notable individuals assisting the case, alongside Dizengoff, include Scott AlberinoAbid Qureshi, Brad Kahn, Kate Doorley, Ben Taylor and Alex Antypas. All lawyers mentioned are in New York.

Practice head(s):

Ira Dizengoff

Other key lawyers:

Philip Dublin; Abid Qureshi; Michael Stamer; Meredith Lahaie; Brad Kahn; Edan Lisovicz; Zachary Lanier

Key clients

GTT Communications, Inc.

The Official Committee of Unsecured Creditors of Purdue Pharma L.P.

An Ad Hoc Group of Unsecured Noteholders issued by Frontier Communications Corp

An Ad Hoc Group of Creditors of Intelsat Jackson Holdings S.A.

Franklin Advisers, Inc., as investment manager

The Official Committee of Opioid Related Claimants of Mallinckrodt plc

The Official Committee of Unsecured Creditors of Sears Holdings Corporation

The Official Committee of Unsecured Creditors of Diamond Offshore Drilling, Inc.

An Ad Hoc Group of Unsecured Noteholders of CBL & Associates Properties, Inc. and its subsidiaries

The First Lien Minority Group of J.C. Penney Co. Inc.

An Ad Hoc Group of First Lien Lenders of CEC Entertainment, Inc.

Ad Hoc Group of Secured Noteholders of Pacific Drilling S.A.

The Official Committee of Unsecured Creditors of Brooks Brothers

The Official Committee of Unsecured Creditors of Global Eagle Entertainment, Inc

The Official Committee of Unsecured Creditors of Southern Foods Group, LLC formerly d/b/a Dean Foods

Ad Hoc Group of First Lien Lenders of Frontera Holdings LLC

Ad Hoc Group of Holders of 7.000% Senior Notes due 2025 of Aerovías de México, S.A. de C.V.

An Ad Hoc Group of First Lien Term Lenders of Limetree Bay Refining LLC

An Ad Hoc Group of Noteholders of HighPoint Resources Corporation

Restructuring Committee of the Board of Directors of Remington Outdoor Company, Inc.

Work highlights

  • Represented GTT Communications Inc in connection with the comprehensive restructuring of its businesses; including representation in negotiations with ad hoc groups of its secured lenders and unsecured bondholders.
  • Represented the official committee of unsecured creditors of Purdue Pharma, L.P. in building consensus regarding creditor allocations and abating the opioid crisis through a chapter 11 plan, overseeing structures for allocating value between litigation claimants, including issues regarding the use of class claims in bankruptcy cases.
  • Represented the ad hoc group of unsecured noteholders issued by Frontier Communications Corp. in the company’s $17bn chapter 11 cases.

Davis Polk & Wardwell LLP

The sizeable team at Davis Polk & Wardwell LLP is well versed in all restructuring matters, particularly in sectors such as aviation, retail, consumer products, energy and natural resources. Its expertise extends into cross-border and international restructuring matters, including in Asia and Brazil. Marshall Huebner is considered an expert in risk management bankruptcy advisory work. He co-heads the practice alongside Damian Schaible, who is well regarded for his advisory to ad hoc groups of secured lenders and noteholders in Chapter 11 matters. Notable highlights include its advice to Purdue Pharma L.P. in relation to its Chapter 11 restructuring. It also advised Grupo Aeroméxico, S.A.B. de C.V, with Timothy Graulich and Marshall Huebner overseeing the matter, assisting Aeroméxico in forming a plan of reorganization. Darren Klein is noted for his expertise in advising oil and gas clients on restructuring matters. The practice has promoted Adam Shpeen to partner. All individuals are based in New York.

Practice head(s):

Marshall Huebner; Damian Schaible

Other key lawyers:

Donald Bernstein; Benjamin Kaminetzky; Timothy Graulich; Brian Resnick; Elliot Moskowitz; Eli Vonnegut; Darren Klein; Angela Libby; Natasha Tsiouris; Adam Shpeen

Testimonials

‘The Restructuring Group consists of many senior partners, each of whom is of the highest quality with a vast amount of experience. They are known to take credible positions, and that reputation serves them well in contested proceedings.’

‘Partners such as Damian Schaible and Brian Resnick combine an acute understanding of the law with a consensus-building approach that is especially effective in “ad hoc group” representation.’

Key clients

Purdue Pharma

Grupo Aeroméxico

Chesapeake Energy

California Resources Corporation

Chaparral

Hertz (Deutsche Bank)

Washington Prime Group

Kirkland & Ellis LLP

Kirkland & Ellis LLP has a global practice with offices extending across the US, the UK, Europe, and Asia. Its sizeable team has strong expertise in complex domestic and cross-border restructurings, where it utilizes its cross-practice abilities to advise an array of clients. Notable work highlights includes its representation of Intelsat S.A., the largest satellite fleet and connectivity infrastructure body on the globe, in its Chapter 11 bankruptcy case pertaining to $14.7bn of funded debt. Anup Sathy, based in Chicago, is noted for his representation of companies, buyers, investors and lenders. The practice is led by Edward Sassower; he has long-standing experience representing debtors, creditors and distressed investors within both bankruptcy cases and out-of-court restructurings. He operates from the New York office. Splitting his time between both New York and Chicago, James Sprayregen is noted for his expertise in workouts, restructuring and insolvency proceedings. The practice also welcomed the arrival of Christine Okike from Skadden, Arps, Slate, Meagher & Flom LLP in April 2021 to the New York office. She assisted the representation of Katerra Inc., alongside New York’s Joshua Sussberg, in its Chapter 11 cases before the US Bankruptcy Court for the Southern District of Texas pertaining to $1bn of debt. Jonathan Henes left the firm in July 2021. Both Marc Kieselstein and James Stempel have retired.

Practice head(s):

Edward Sassower

Other key lawyers:

James Sprayregen; Joshua Sussberg; Alex Schwarzman; Dave Nemecek; Shawn Bagdasarian; Christine Bae; Joshua Greenblatt; Nadia Karkar; Sophia Hudson; Christine Okike; Emily Geier; Chad Husnick; Katie Jakola; Anup Sathy

Testimonials

‘The team has the deepest, smartest bench in the industry. Edward Sassower is an active leader monitoring all engagements and making sure clients needs are met. He’s not afraid to bring in different talent to supplement teams mid engagement. KE collaborates better than any other firm particularly across litigation and tax practices which are typically critical to engagement performance. They are seamless in their execution.’

‘Sassower- leader, visionary, creative, responsive and driven to be the best. Generational talent.’

‘Kirkland & Ellis is the undisputed leader in the debtor side restructuring practice. The expertise of their lawyers, especially at the partner level, is consistently high allowing them to identify and implement creative solutions that deliver positive outcomes for their clients and other stakeholders in the restructuring process.’

‘Extraordinary dedication to the client’s goals coupled with knowledge and experience that sets them apart from the competition. Key lawyers on the restructuring team who consistently deliver results include Josh Sussberg, Steven Serajeddini, Chad Husnick and Emily Geier.’

‘Kirkland is the market leader for representing distressed companies and their boards. I saw firsthand how the Kirkland restructuring team leverages its vast experience to structure, negotiate, and implement a comprehensive restructuring transaction. Kirkland is simply by far the best at anticipating the direction of a deal and helping the company and its board navigate financial uncertainty.’

‘Chad Husnick and Josh Sussberg guided the company and the board throughout the entire restructuring process. Chad is a smart, innovative, and practical strategist and advisor. He couples his near-encyclopedic knowledge of bankruptcy law with an uncanny ability to always be two steps ahead of his adversary to provide clear, concise direction to the board.’

‘Josh Sussberg is a tenacious dealmaker and gifted courtroom advocate. You want Josh on your side of the negotiating table when faced with the thorniest restructuring issues. Josh has exceptional judgement and maintains a unique ability to work together with opposing parties to form consensus and resolve matters.’

‘Katie Jakola was beyond amazing in the litigation area. Her experience in preparing me and the other potential witnesses was exceptional. Her many years of experience and expertise was obvious to all of us. She also worked tirelessly on our behalf.’

Key clients

Seadrill Partners

Intelsat S.A.

Chesapeake Energy Corporation

Alex & Ani

Frontera Holdings

Le Tote

Latham & Watkins LLP

Latham & Watkins LLP combines an extensive senior secured lending practice with a strong debtor-side practice, enabling it to oversee the full-spectrum of restructuring and bankruptcy matters. Notable work for the firm includes its representation of Mallinckrodt Pharmaceuticals, where it oversaw negotiations for the settlement of governmental claims relating to the sale and marketing of prescription opioids. The sizeable team is led by a number of key senior names: George Davis is the global chair of the practice and operates from the New York office, while Jeff Bjork and Richard Levy are vice chairs, and operate from Los Angeles and Chicago respectively. They offer varied expertise encompassing industries such as hospitality, gaming, leisure, manufacturing, automotive, retail and print and film media. The firm welcomed counsel Ebba Gebisa in Chicago from Skadden, Arps, Slate, Meagher & Flom LLP in early 2021. Personnel changes also includes the promotion of both LA's Helena Tseregounis and Chicago's Jason Gott to partner in January 2022.

Practice head(s):

George Davis; Jeff Bjork; Richard Levy

Other key lawyers:

Peter Gilhuly; Caroline Reckler; Keith Simon; David Hammerman; Adam Goldberg; Ted Dillman; George Klidonas; Helena Tseregounis; Jason Gott

Testimonials

‘My experience with Latham’s Corporate Restructuring Practice has been outstanding. They are bright, creative, and hard-working. They are solutions oriented and find options and avenues where others see roadblocks and obstacles. They are excellent collaborators and find viable, creative solutions.’

‘I have worked primarily with Jeff Bjork and Adam Goldberg. They have been supported ably by Madeleine Parish and Deniz Irgi. They are responsive. I had little bankruptcy experience prior to meeting them. They excel at simplifying the complex. They are masters at being prepared, seeing solutions, and identifying the steps from points A to B and from B to the eventual end. I would use them again in a heartbeat.’

‘Very business and commercially minded, understanding the human issues that could make a difference in various industries.’

‘Caroline Reckler, thoughtful professional, patient and very laser focused on client outcome. Able to consider all classes of constituents to enable a successful outcome.’

‘Exceptionally consistent high quality top to bottom. Willing to litigate, and do so well, but always looking for a negotiated solution if one is achievable. My first choice for all-around debtor-side bankruptcy firm.’

‘Would call out George Davis as practice leader, who has superb judgment and is very creative in persuading warring parties to settle. New partner Jason Gott is very intelligent and learned in the law. Counsel Anupama Yerramalli is a superstar who functions at the senior partner level.’

Key clients

Ad Hoc Committee of GTT Noteholders

Alta Mesa Resources

Barclays Bank

The Creditor Committee of Swissport

Deutsche Bank

GNC Holdings, Inc.

Hi-Crush Inc.

Imerys Talc America Inc.

Lucky Brand Dungarees

Mallinckrodt Pharmaceuticals

Nine Point Energy Holdings Inc.

Orion Energy Partners, LLC

Pacific Drilling S.A.

Paddock Enterprises, LLC

Royal Bank of Canada

Sable Permian Resources, LLC

Superior Energy Services, Inc.

Sycamore Partners Management L.P.

The Bank of Nova Scotia

The Church of Jesus Christ of Latter-day Saints

Work highlights

  • Advised Mallinckrodt Pharmaceuticals in its Chapter 11 cases, addressing liabilities such as funded debt amounting to $5bn and contingent liabilities stemming from 3,000 litigation claims from private and governmental, in relation to the sale and marketing of prescription opioids.
  • Advised Imerys Talc America Inc., former Johnson & Johnson talc supplier, in jointly-administered Chapter 11 cases before the US Bankruptcy Court for the District of Delaware, arising from over 14,000 claims alleging health problems arising from the talc products.
  • Represented The Church of Jesus Christ of Latter-day Saints, pertaining to the Chapter 11 case concerning the Boy Scouts of America.

Paul, Weiss, Rifkind, Wharton & Garrison LLP

The New York based practice at Paul, Weiss, Rifkind, Wharton & Garrison LLP is known for advising debtors, distressed companies, official and unofficial committees of creditors, both secured and unsecured creditors, equity sponsors and distressed investors. Its team is well versed in the handling of both Chapter 11 and Chapter 15 cases, out-of-court restructurings and transactions pertaining to financially distressed companies, and is also familiar with representing both governmental and regulatory bodies. Its expertise is evidenced through its representation of a Mallinckrodt ad hoc committee of guaranteed unsecured noteholders, concerning its Chapter 11 cases surrounding $5.5bn of debt; Alice Belisle Eaton assisted the matter. She, alongside Andrew Parlen, oversaw the out-of-court exchange offer and refinancing transactions of Revlon. Alan KornbergPaul Basta and Andrew Rosenberg are co-chairs of the department and have each led its team in significant matters including the Chapter 11 case of Diamond Offshore Drilling. Brian S. Hermann is noted for his representation of both debtor and lender clients. Elizabeth R. McColm has vast experience across sectors such as retail, energy, shipping and publishing. Kyle J. Kimpler is well known for his litigation experience, overseeing Chapter 11 cases, bankruptcy proceedings and cross-border insolvencies. The practice saw the arrival of Kenneth Ziman and partner promotion of Christopher Hopkins in early 2022.

Practice head(s):

Alan Kornberg; Paul Basta; Andrew Rosenberg

Other key lawyers:

Brian S. Hermann; Elizabeth R. McColm; Alice Belisle Eaton; Kyle J. Kimpler; Andrew Parlen; Kenneth Ziman; Christopher Hopkins

Testimonials

‘Very strong business understanding, excellence at every level of execution.’

‘Extremely proactive and service oriented; focus on what their clients consider most important.’

‘Paul Weiss’s restructuring group is top notch. They represent big and small clients with absolute class and professionalism. Partners are accessible and transparent. They don’t over staff with associates who are learning on the job.’

‘Elizabeth McColm is hard working and innovative in the restructuring world. She protects her clients interests and works for consensual resolutions.’

‘Paul Weiss has done tremendously good work for us on an number of complex transactions. They are comfortable with complexity, great at imposing order on chaos, very efficient and and drive points to resolution rather than merely “ping-ponging” them back and forth between counsel until the principals step in.’

‘Very commercial. Willing and able to negotiate deals, but equally willing and able to litigate if necessary on behalf of clients.’

‘Practice has some of the best thought leaders in the space. They are hard working, experienced, knowledgeable and creative. They also understand how investors think and are focused on getting to a transaction but with their clients interests in mind. The team knows what is important to investors and what is not.’

‘Very attentive and experienced individuals that are creative and outside the box thinkers. The partners are some of the best I have worked with and they have an amazing demeanor with their clients and with counterparties. They really understand how to tactfully approach a negotiation and what to focus on. Some of the best lawyers in the business that I have worked with.’

Key clients

Apollo Global Management

Petra Diamonds

Bain Capital

Prudential Capital Partners

BlackRock

Revlon

Blackstone Group

Simon Property Group

Brookfield Asset Management

The Carlyle Group

Diamond Offshore Drilling

The Capital Group Companies

General Motors

The Collegiate Churches of New York

J.P. Morgan

The IMAGINE Group

Lion Capital

TowerBrook Capital Partners

McGraw Hill

Weil, Gotshal & Manges LLP

The practice at Weil, Gotshal & Manges LLP  has an international presence with offices in the US, UK, and across Europe and Asia, with this breadth of knowledge grants the team particular expertise in advising global debtors. Notable work includes its representation of Johnson & Johnson, in regard to the Chapter 11 cases of Imerys Talc America, Inc. filed in the District of Delaware. Another key matter for the firm was the representation of an ad hoc group of lenders pertaining to the Chapter 11 cases of Seadrill Limited, in which the team created a plan of reorganization which included $350m in new financing. Gary Holtzer , Ray Schrock  and Matt Barr are the co-chairs of practice and reside in the New York office. Garrett Fail is noted for his handling of crisis management and corporate governance related matters. Developments in the team included the arrival of Kathleen Aka from Ropes & Gray LLP, and the partner promotions of David Cohen, Matthew Goren, Natasha Hwangpo and Alexander Welch. All lawyers mentioned are in New York.

Practice head(s):

Gary Holtzer; Ray Schrock; Matt Barr

Other key lawyers:

Garrett Fail; Candace Arthur; Kevin Bostel; Andriana Georgallas; David Cohen; Matthew Goren; Natasha Hwangpo; Alexander Welch

Testimonials

‘The top tier practitioners for the most complex deals.’

‘All superb technically and strategically and all really excellent at their craft.’

Key clients

Basic Energy

Crestline Hotels & Resorts

AMC

Healogics, Inc.

RentPath

Chisholm Oil and Gas Operating, LLC

Fieldwood Energy

Briggs & Stratton

CBL & Associates

NPC International Inc.

Work highlights

  • Represented AMC Entertainment Holdings, the largest movie exhibition company in the United States and globally, on a series of novel out-of-court restructuring and capital raising measures, including a multibillion-dollar debt exchange and groundbreaking at-the-market (ATM) equity offerings.
  • Advised Fieldwood Energy, one of the largest independent oil and gas exploration and production companies in the Gulf of Mexico, in its chapter 11 restructuring and won confirmation of a complex and unprecedented chapter 11 plan that saved over 1,000 jobs during the Pandemic.
  • Represented an investment bank as debtor-in-possession lender and equity interest holder in the chapter 11 cases of Katerra Inc. and its affiliates.

White & Case LLP

The practice at White & Case LLP advises across the full spectrum of restructuring matters, with areas of expertise including sponsor and company side mandates and Chapter 11 restructurings. Thomas Lauria, who leads the global team, led the representation of Hertz Global Holdings which faced $19bn of outstanding debt and claims. He splits his time between the New York and Miami office. The team’s  representation of Boy Scouts of America in its Chapter 11 proceedings was also of note, demonstrated by Jessica Lauria (formerly Boelter), who led on the matter and practices from the New York office. The practice also saw the arrival of Gregory Pesce from Kirkland & Ellis LLP in May 2021, now residing in the Chicago office, and the partner promotions of Charles Koster and Aaron Colodny in Houston and Los Angeles respectively. John Cunningham is well versed in the handling of domestic and cross-border restructurings, and divides his time between Miami and New York. In addition, Boston-based Mark Franke is noted due to his specialism in aviation mandates.

Practice head(s):

Thomas Lauria

Other key lawyers:

Scott Greissman; Jessica Lauria; John Cunningham; Chris Shore; Brian Pfeiffer; Bojan Guzina; Richard Kebrdle; Harrison Denman; Gregory Pesce; Andrew O’Neill; Matthew Linder; Mark Franke; Aaron Colodny; Charles Koster

Testimonials

‘White & Case’s restructuring lawyers are incredibly thoughtful, commercial and creative. They know how to execute on ideas that others don’t even dream of.’

‘Harrison Denman; one of the most commercial lawyers I know. He is not an agitator and ultimately does what he can to get to a deal.’

Key clients

Hertz

Boy Scouts of America

Swissport Group

Seadrill

Official Committee of Unsecured Creditors of Garrett Motion

The Ad hoc Lebanon Bondholder Group

Coöperatieve Rabobank U.A., New York Branch (“Rabobank”)

Elliott Investment Management L.P.

Joseph J. Farnan, Jr., in his capacity as independent director to the Zohar Funds

Maxus Liquidating Trust

Ad Hoc Bondholder Group of Province of Buenos Aires

Lenders to Odeon Cinemas Group

Ares Management LLC

Aerovias de Mexico, S.A.

Ad Hoc Bondholder Group of Córdoba

Ad Hoc Group of LATAM Bondholders

Ad Hoc Group of China Fishery Senior Creditors

PWM Property Management LLC

Work highlights

  • Represented Hertz Global Holdings, Inc. and certain affiliates in its chapter 11 cases and global restructuring matters, including with respect to US, Canada, Europe, Australia, and Asia-Pacific; Hertz completed its successful chapter 11 restructuring, and its plan of reorganization went effective on June 30, 2021.
  • Represented Boy Scouts of America in its ongoing chapter 11 proceedings to resolve claims related to acts of historical sexual abuse.
  • Represented Swissport Group, the world’s leading provider of ground and cargo handling services to the aviation industry, in its successful financial restructuring that closed in December 2020.

Brown Rudnick LLP

The practice at Brown Rudnick LLP is known for its niche expertise in mass-tort bankruptcy cases. The firm has been particularly active in complex victim restitution proceedings, with focus also given to bankruptcy-related litigation, including negotiated settlement framework with Purdue and the Sackler family. The practice is led by a number of experienced practitioners, namely, Robert Stark, David Molton, William Baldiga, Sunni Beville and Jeffrey Jonas, who divide their time between New York and Boston. Further note is given to associates Gerard Cicero and Boston-based Tristan Axelrod alongside Boston’s Shari Dwoskin for their work advising clients such as LTL Management LLC, Boy Scouts of America and Chesapeake Energy Corporation. Edward Weisfelner retired from the firm.

Practice head(s):

Robert Stark; David Molton; William Baldiga; Sunni Beville; Jeffrey Jonas

Other key lawyers:

Andrew Carty; Tristan Axelrod; Shari Dwoskin; Eric Goodman

Testimonials

‘Robert Stark; he is ALWAYS my first call when I am working on a restructuring situation.’

‘In every single case they were extremely knowledgeable, responsive and always had the appropriate local partner when needed.’

‘Incredibly commercial and innovative. Legally and strategically astute. Great team-players. The team at BR are the best I have ever used. Definitely my go-to US legal advisers nowadays.’

‘David Molton stands out. A brilliant legal brain and fabulous strategist.’

‘It is a superb team with exceptional strength in cross-border contentious bankruptcy matters, able to provide excellent strategic advice. The team exudes a determination to succeed for the client.’

‘The Brown Rudnick lawyers work harder to produce exceptional results for their clients than any firm I know.’

‘All the restructuring professionals I have worked with for many years are exceptional. Of particular note are Bill Baldiga, Jeff Jonas, Bob Stark, Steven Pohl, Steven Levine and Shari Dwoskin. All very focused, efficient, innovative and hard working.’

‘This is a very deep and talented group, lead by amazingly skilled lawyers with excellent judgment and capabilities. Definitely the team you want when you are facing a rough situation.’

Key clients

Chesapeake Energy Corporation: Official Committee of Unsecured Creditors

Washington Prime Group, Inc.: Official Committee of Equity Security Holders

Alpha LATAM: Ad Hoc Committee of Unsecured Noteholders

Ceruzzi Properties: Ad Hoc Committee of Creditors

Briggs & Stratton: Official Committee of Unsecured Creditors

Cred Inc.: Examiner

Rockdale Marcellus: RBL Lenders

Basic Energy Services: Official Committee of Unsecured Creditors

Pier 1 Imports: Term Loan Lenders

Libbey Glass: Official Committee of Unsecured Creditors

Ravn Air Group: Official Committee of Unsecured Creditors

Intelsat: Ad Hoc Bondholders Committee

Sable Permian Resources: Equity Sponsor

LTL Management LLC (Johnson & Johnson): Official Committee of Talc Claimants

Boy Scouts of America: Coalition of Abused Scouts for Justice

PG&E Corporation: Fire Victim Trust

Mallinckrodt Pharmaceuticals: Plaintiffs’ Executive Committee

Purdue Pharma: Plaintiffs’ Executive Committee

Takata Corporation: Special Master and Trustee of Restitution Funds

Imerys Talc America: Ad Hoc Committee of Tort Claimants

Insys Therapeutics: Plaintiffs’ Executive Committee

Financial Oversight and Management Board for Puerto Rico

Catalyst Capital Group

Dean & Deluca

Matthew Pascucci, Trustee for the Hooper Holmes Liquidating Trust

Liquidating Trustee of the F2 Liquidation Trust

Liquidating Trustee of the FAH Liquidating Trust (f/k/a Fisker Automotive)

JCPenny: Ad Hoc Committee of Second Lien Noteholders

Jagged Peak and Trade Global: Official Committee of Unsecured Creditors

Work highlights

  • Represented The Official Committee of Unsecured Creditors in the chapter 11 case of Chesapeake Energy Corporation.
  • Represented the Coalition of Abused Scouts for Justice in the chapter 11 of The Boy Scouts of America.
  • Represented the e Plaintiffs’ Executive Committee in the chapter 11 case of Purdue Pharmaceuticals.

Cleary Gottlieb Steen & Hamilton

The practice at Cleary Gottlieb Steen & Hamilton is well-equipped to represent both debtors and creditors in cross-border restructurings. Its global practice has represented clients across the US, Latin America, Europe, the Middle East and Asia. It advised Vale S.A, the largest creditor brought by the Joint Administrators of BSG Resources Ltd in its Chapter 15 proceedings, which involved regulations concerning the US, Guernsey, Israel and Switzerland. It also represented Goldman Sachs and its affiliates in regard to the Chapter 11 proceedings of Limetree Bay Refinery LLC. The practice is led by the experienced Lisa Schweitzer  , Sean O’Neal and Richard Cooper. Another notable individual includes Luke Barefoot   who has advised an array of significant international clients including in aviation, financial services, and private equity. All individuals mentioned practice from the New York office.

Practice head(s):

Lisa Schweitzer; Sean O’Neal; Richard Cooper

Other key lawyers:

Luke Barefoot; Jane VanLare; Thomas Kessler

Testimonials

‘Sean O’Neal is sharp, precise and pragmatic. He also understands clients desires and differing risk appetites.’

‘The restructuring team is exceptional, one of a kind. In our project I have been able to interact with many other firms with immense credentials, and Cleary stands in front. Great legal and commercial experience. Always available to the client. Superb interaction with other areas of the firm with a bearing on issues, be that M&A, capital markets, aviation, tax, labor, finance, etc. All with a level of closeness, flexibility and empathy with the company concerns. Their experience and depth of commitment made them very valuable as well on strategy and execution.’

‘Richard Copper and Lisa Schweitzer and have led the team exceptionally.’

‘Lisa Schweitzer is outstanding and is surrounded by an excellent team.’

‘Very smart and practical.’

Key clients

LATAM Airlines Group S.A.

Garuda Indonesia

Various parties in the restructuring of Grupo Aeromexico

The Wendy’s Company

Goldman Sachs & Co.

Vale S.A.

Automotores Gildemeister

YPF, S.A. and three of its subsidiaries

Ad hoc group of bondholders of Stoneway Capital Corporation

Grupo Posadas

Samarco Mineração S.A.

Odebrecht S.A.

Brookfield – Hospitality Investors Trust, Inc.

Odebrecht Group

Norton Rose Fulbright US LLP

FullBeauty Brands

Citibank

All Year

Ad Hoc Committee of Ironshore Pharmaceuticals Lenders

Alto Maipo

Other Latin America Deals

Work highlights

  • Represented LATAM Airlines Group S.A. and its affiliates in Chile, Peru, Colombia, Ecuador, and the US in the voluntary reorganization and restructuring of their debt under chapter 11 protection in the US.
  • Advised Goldman Sachs and various affiliates as letter of credit provider, alternative credit agreement lender, vehicle financing lender and revolving lender in connection with the chapter 11 proceedings of Hertz Corporation, totaling more than $500m in exposure.
  • Represented Apollo Management Holdings L.P. in regard to its $1bn senior secured debtor in possession term loan facility in the reorganization of Aeroméxico’s debt under chapter 11.

Gibson, Dunn & Crutcher LLP

Gibson, Dunn & Crutcher LLP has expertise in both the creditor and debtor side of restructuring matters. Its creditor expertise aids its ability to represent active global hedge funds, investors and international financial institutions, whilst its debtor-side expertise aids its ability to represent both domestic and foreign companies in cross-border restructurings. The team also demonstrates notable expertise in Chapter 11 cases relating to funded debt. The practice is led by both Scott Greenberg and Robert Klyman who, alongside Steven Domanowski, led the team in the representation of an ad hoc group of Garrett Motion Inc, who held $1.45bn of its first lien funded debt obligations. Joshua Brody is noted for his focus on Chapter 11 cases. Personnel changes include the promotion of Michael Neumeister to partner in January 2021. Greenberg, Domanowski, Brody and Neumeister are based in the New York office, whilst Klyman practices from the California office.

Practice head(s):

Scott Greenberg; Robert Klyman

Other key lawyers:

Jeffrey Krause; David Feldman; Matthew Williams; Joshua Brody; Michael Cohen; Steven Domanowski; Keith Martorana; Michael Neumeister; Michael Rosenthal; Steven Domanowski

Key clients

Ad Hoc Group of Secured Lenders of Serta Simmons Bedding

Sequential Brands

Ad Hoc Group of Secured Lenders and Noteholders to Diamond Sports Group, LLC

Ad Hoc Group of First Lien Term Lenders to Mallinckrodt plc

Rosehill Resources Inc.

New Secured Lender to Talen Energy

AIG

Ad Hoc Group of Priority/First Lien Lenders to NPC International

Ad Hoc Group of First Lien Lenders to Garrett Motion Inc.

SES Americom

Jones Day

The team at Jones Day utilizes its international expertise to advise over multijurisdictional reorganization and bankruptcy proceedings. Bruce Bennett, global leader of the practice who resides in the Los Angeles office, is well versed in the representation of both debtors and creditors and has expertise in a range of sectors such as retail, telecommunications, aviation, gaming and computer technology. He led the team in its representation of the Jackson Crossover Group, the largest creditor constituency group in the Chapter 11 case of Intelsat S.A, demonstrating the team’s capabilities in handling secured and unsecured debt. Corinne Ball, who is New York based, is also worth noting for her role in the debtor’s counsel for The Roman Catholic Diocese of Rockville Centre regarding its Chapter 11 case. Heather Lennox, based in New York and Cleveland, is another notable individual, known for her strength in advising both domestic and international clients, and work with the National Bankruptcy Conference. The practice saw the departure of Timothy Hoffmann in May 2021.

Practice head(s):

Bruce Bennett

Other key lawyers:

Corinne Ball; Heather Lennox; Carl Black; Gregory Gordon; Kevyn Orr; Thomas Wearsch; Benjamin Rosenblum; Joshua Mester; Dan Moss; Ryan Sims; Michael Schneidereit

Testimonials

‘Jones Day has an exceptionally knowledgeable, experienced and deep bankruptcy team supported by equally exceptional litigation and corporate law groups that work seamlessly together as necessary.’

‘The lawyers have an incredible breadth of substantive knowledge in their subject areas.’

 

Key clients

Ad Hoc Creditor Group (“Jackson Crossover Group”) (Intelsat)

Aldrich Pump LLC and Murray Boiler LLC (Debtors)

LTL Management LLC (Debtor)

Bestwall LLC, an affiliate of Georgia-Pacific LLC (Debtor)

DBMP LLC, an affiliate of CertainTeed LLC (Debtor)

Nine Point Energy Holdings, Inc. (Special Counsel to Debtor)

Peabody Energy Corporation

Shiloh Industries, Inc. (Debtors)

Shareholders of Garrett Motion Inc.

Ad Hoc Group of Puerto Rico ERS Bondholders

Diocese of Rockville Centre (Debtor)

Funds Managed by Diameter Capital Partners as revolving lenders (Mallinckrodt)

Integrity Healthcare, LLC, NantWorks, LLC and several related entities (Verity Health System of California)

The Boeing Company (GDC Technics LLC)

Kaiser Gypsum Company, Inc. (Debtors)

Shareholders of PG&E Corporation and Pacific Gas and Electric Company

Preferred shareholders in Fannie Mae and Freddie Mac

Wells Fargo Bank, National Association (as administrative agent)

OmniMax International

Work highlights

  • Advised Jackson Crossover Group, the largest creditor constituency group of creditor, holding over 46% ($6.8bn) of Intelsat debtors’ entire funded debt in every facet of the Intelsat chapter 11 cases.
  • Represented LTL Management LLC in its chapter 11 bankruptcy case to equitably and permanently resolve all current and future talc-related claims against it.
  • Represented Nine Point debtors in multiple actions against a midstream services provider, including with respect to an asserted $150m lien.

Kramer Levin Naftalis & Frankel LLP

Kramer Levin Naftalis & Frankel LLP has an experienced restructuring team, with dedicated partners representing a range of clients including creditors, creditor groups, creditors committees and debtors. Its expertise caters to both in and out-of-court restructurings across the nation, evidenced through its representation of a parent ad hoc claimant group holding over $5.5bn in unsecured creditor claims, a key matter for Rachael Ringer. Co-head Kenneth Eckstein played a key role in the restructuring of Mallinckrodt, while co-head Thomas Moers Mayer played a paramount role in the reorganization of Hertz Global Holdings Inc. All lawyers are based in New York. Douglas Mannal  left the firm in August 2022.

Practice head(s):

Kenneth Eckstein; Thomas Moers Mayer

Other key lawyers:

Rachael Ringer; Alice Byowitz; Amy Caton; Philip Bentley

Testimonials

A good mix of market-savvy approaches to restructuring deal making, and deep understanding of bankruptcy law and bankruptcy litigation procedures.

Work highlights

  • Representing the ad hoc committee of 8 state’s attorney general and the Plaintiffs Executive Committee in the multidistrict opiate litigation pertaining to the Mallinckrodt’s bankruptcy cases.
  • Representing a large group of funds holding over $5.5bn in face amount of unsecured claims against LATAM Airlines, including.

Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP places particular focus upon bankruptcy-related litigation, with expertise in the handling of disputes, lender liability, fraudulent conveyance, equitable subordination claims and collateral issues arising from mass-tort related bankruptcies, including representing an investment manager in its adversary proceedings emerging from Verity Health System of California, Inc.’s Chapter 11 cases. Sandeep Qusba, head of the restructuring practice, represents key clients including JP Morgan. Michael Torkin is a founding member of the firm’s private capital and special situations offering. Both practice from the New York office. Personnel changes during 2021 include the promotion of New York's Nicholas Baker to partner.

Practice head(s):

Sandeep Qusba; Michael Torkin

Other key lawyers:

Elisha Graff; Nicholas Baker; David Zylberberg

Key clients

Angelo Gordon

Apax Partners

Apollo

ARM Energy Holdings

Arsenal Resources

Ascribe Capital

Bank of Montreal

Bausch Health

Blackstone

Centerbridge Partners

Corp Group Banking S.A.

First Reserve

Francisco Partners

G-III Apparel Group, Ltd.

Goldman Sachs

GSO Capital Partners

JPMorgan Chase & Co.

Kohlberg Kravis Roberts & Co.

MatlinPatterson

Morgan Stanley Capital Administrators Inc.

Primavera Capital

PSP Investments

Pyxus International Inc.

Riverstone Holdings

Royal Bank of Canada

Silver Lake Partners

Solus Alternative Asset Management

Syncreon

TNT Crane & Rigging

Wells Fargo Bank

Work highlights

  • Represented Corp Group Banking S.A. and certain of its affiliates in their Chapter 11 cases.
  • Represented MatlinPatterson Global Opportunities Partners II L.P., as debtors, in a Chapter 11 filing seeking to fully and finally resolve years of litigation in multiple foreign jurisdictions that have hamstrung the Debtors and prevented an orderly liquidation and distribution to their investors.
  • Represented PLM Premier, S.A.P.I. de C.V., Aeroméxico’s loyalty program, in the Chapter 11 restructuring of Grupo Aeroméxico S.A.B. and certain of its affiliates.

Skadden, Arps, Slate, Meagher & Flom LLP

The practice at Skadden, Arps, Slate, Meagher & Flom LLP is led from New York by Paul Leake and George Panagakis. The sizeable team operates across offices in both the US and the UK. Its expertise encompasses a breadth of knowledge, including prepackaged and prearranged bankruptcy techniques, in and out-of-court debt restructurings and the utilization of Section 363 of the Bankruptcy Code to sell or buy out distressed companies assets. In particular, the firm has shown expertise in Chapter 11 matters, included associated litigation.

Practice head(s):

Paul Leake; George Panagakis

Work highlights

    Debevoise & Plimpton LLP

    Debevoise & Plimpton LLP has a multi-disciplinary and collaborative practice, including clients in a diverse range of industries in long-standing and complex insolvency processes, including non-contentious proceedings and litigation. Practice co-head Natasha Labovitz led the team in its advisory to Renfo Corporation, pertaining to an out-of-court restructuring transaction with an aggregate debt value of approximately $225m. Fellow co-head Sidney Levinson led the team in its representation of Brigade Capital Management LP regarding the $95m debtor-in-possession financing to Alpha Media LLC arising from its Chapter 11 case. Notable changes to the team include the promotion of Erica Weisgerber to partner in July 2021, in addition to the promotion of Nick Kaluk to counsel in January 2021. All individuals practice from the New York office.

    Practice head(s):

    Natasha Labovitz; Sidney Levinson

    Other key lawyers:

    Jasmine Ball; Erica Weisgerber; Nick Kaluk

    Testimonials

    ‘I worked with three teams at Debevoise: Corporate Law, Litigation and Bankruptcy. I was impressed with the firm’s ability to address their client’s concerns with a “1 firm” approach. At no time did I feel like the firm was acting in silos, with one team not knowing what the other team was doing.’

    ‘Debevoise staffs their engagement with teams that include high profile leads and highly competent junior partners and associates. The leaders are not on the team for show, they are always well informed of the happenings of the case and are actively involved in case strategy.’

    Key clients

    The Blackstone Group

    Brigade Capital Management, LP

    Canada Pension Plan Investment Board

    Clayton, Dubilier & Rice

    The D. E. Shaw Group

    Drive Devilbiss Healthcare

    Georgia-Pacific LLC

    Gogo, Inc.

    McKinsey & Company

    HarbourVest Partners

    High Ridge Brands

    Renfro Corporation

    Spruce House Investment Management LLC

    Agricultural Bank of China, New York

    TPG

    Canyon Capital

    EIG

    Evercore

    Healogics

    Kelso

    Oaktree

    Rubric Capital

    Work highlights

    • Represented a national airline in its pending chapter 11 case, implementing a comprehensive restructuring, allowing financial and fleet reorganizations to navigate the COVID-19 crisis and emerge as a better-capitalized airline.
    • Represented Renfro Corporation in an out-of-court restructuring transaction that culminated in a sale to a third-party for a purchase price that paid ABL lenders, but not term lenders, in full.
    • Represented Brigade Capital Management as the largest holder of unsecured bonds in the prepackaged restructuring of Guitar Center, implementing the company’s recapitalization through a prepackaged chapter 11 case, allowing Guitar Center to emerge from bankruptcy in December 2020.

    Dechert LLP

    Dechert LLP has a global restructuring practice advising both debtors and creditors in restructuring matters. Notable work includes its representation of the Official Committee of Unsecured Creditors in the Chapter 11 cases of LATAM Airlines and its affiliates. Allan Brilliant operates from the New York office, and is also the practices’ global co-chair. He played an active role in the firm’s advice to Citadel pertaining to the Chapter 11 cases of Colombian airline, Avianca Holdings. In August 2022, the team in New York gained Douglas Mannal and Stephen Zide from Kramer Levin Naftalis & Frankel LLP.

    Practice head(s):

    Allan Brilliant

    Other key lawyers:

    Shmuel Vasser; Eric Brunstad; Jeffrey Katz; Gary Mennitt; Craig Druehl; David Herman; Stephen Wolpert; Eric Hilmo

    Testimonials

    ‘Very bright and fast team.’

    ‘Allan Brilliant is a very clever and smart counsel. One of the best in the area.’

    ‘Allan Brilliant – forward thinking; strongly commercial and strategic; good understanding of cross-border issues, particularly with Latin America.

    ‘Shmuel Vasser – shrewd and cool headed; Highly perceptive; Efficient manager and economical with time and costs.’

    ‘They are simply the best in insolvency in NY Jurisdiction. They are very responsive and do not hesitate in their answers. They answer fast, which shows that they are knowledgeable and experienced.’

    ‘Eric Hilmo is outstanding, you really feel safe and sure that he is dealing with the matter, finding solutions for the complex problems that normally arise. Stephen Wolpert gives strong advice and is very responsive. Allan Brilliant has the experience to detect where the problems are and how to solve them.’

    ‘Dechert’s Restructuring Practice contains a deep bench of talented lawyers. We can count on them to provide quick, efficient and practical advice on issues that tend to be very complex.’

    ‘Shmuel Vasser stands out among the restructuring lawyers that I have worked with in terms of his knowledge, attention to detail, drive, and follow-up on matters under advisement.’

    Doug Mannal is an exceptional lawyer who immerses himself in the law and the facts of your particular matter. He is a talented negotiator and a great strategic thinker. And ultimately, Doug is a valued partner to his clients in pursuit of maximizing their investments.

    Doug Mannal has a proven mastery with complex legal issues and debt agreements that allow clients to leverage positions in negotiations and litigation where necessary. He is tenacious yet balanced. Doug is incredibly intelligent and is an adept architect of a restructuring process – whether in-court or out-of-court. He works collaboratively with other professionals and approaches processes as a true partner. Doug has excellent instincts and is a tireless advocate for his clients. He is also extremely efficient.

    Key clients

    The Official Committee of Unsecured Creditors of LATAM Airlines Group

    Alden Global Capital

    Citadel

    Davidson Kempner

    Elliott Associates

    Grupo LALA

    Monarch Alternative Capital LP

    State Farm Mutual Automobile Insurance Company

    Grupo LALA S.A.B. de C,V.

    Work highlights

    • Advised The Official Committee of Unsecured Creditors of LATAM Airlines Group in connection with the chapter 11 cases of LATAM Airlines and its affiliates, totaling over $10bn.
    • Represented an ad hoc group of bondholders in connection with its chapter 11 case, implementing a plan where over $540m of the Debtors’ secured and unsecured notes were extinguished in exchange for approximately $360m of new secured and unsecured notes.
    • Advised Citadel in the out-of-court restructuring of Colombian airline Avianca Holdings and in connection with Avianca’s subsequent Chapter 11 cases.

    Mayer Brown

    Mayer Brown has offices spanning across the US, Europe and Asia, enabling its ability to advise ‘parties in every aspect of a troubled financial situation‘. Notable highlights includes its advisory to Northern Ocean Ltd and Northern Drilling Ltd, where the team negotiated a contract dispute with Seadrill Ltd concerning an assertion of claims following Seadrill’s Chapter 11 filing. Its advisory to BNP Paribas is also noteworthy; the team oversaw the recovery of pledged collateral from Avianca Holdings S.A. Adam Paul and Brian Trust  are the co-heads of the global restructuring practice. The operate from Chicago and New York respectively. The team has been strengthened by the March 2021 arrival of Lucy Kweskin from Proskauer Rose LLP and Doug Spelfogel, Leah Eisenberg and Derek Wright from Foley & Lardner LLP in June 2021. They are based in the New York office, whilst Wright is in Chicago.

    Practice head(s):

    Adam Paul; Brian Trust

    Other key lawyers:

    Tom Kiriakos; Sean Scott; Louis Chiappetta; Tyler Ferguson; Jamie Netznik; Joaquin C de Baca; Adam Paul; Charles Kelly; Douglas Spelfogel; Derek Wright; Lucy Kweskin; Leah Eisenberg

    Testimonials

    ‘Mayer Brown delivers very high quality service at very reasonable costs. Tom Kiriakos is our lead partner with industry leading knowledge and experience. He leads excellent teams which deliver exceptional service. Highly recommended.’

    ‘Responsiveness; High quality work at very reasonable rates; Unquestioned integrity; Understands client’s culture and tailors case management appropriately; Local presence; global reach.’

    ‘Overall very impressed with the Mayer Brown team in terms of responsiveness, availability and expertise. They quickly address any issues the client may have and bring different experts to bear on the relevant topic. I’ve found Mayer Brown to be more approachable and better communicators with their clients vs. other law firms I’ve dealt with.’

    ‘Joaquin M. C de Baca; My experience with Joaquin is very positive – he’s very responsive, always very accessible and available, knowledgeable, patient and a great communicator in presenting potentially complex issues in easy to understand terms. Particularly very helpful in communicating with and being available to the client for follow-up discussions on legal issues, strategy, etc.’

    ‘They were extremely receptive and listened to our company’s needs.’

    ‘Adam Paul and Charles Kelly were great people to get to know and develop the appropriate strategy with through our process.’

    ‘Douglas Spelfogel is a truly exceptional attorney. He has the ability to get exceptional results for his clients without being overly adversarial. He provides practical business advice irrespective of whether it may benefit him. Doug is truly a trusted advisor who is beloved by both clients and colleagues alike.’

    ‘The team is very collaborative and bring in the required industry expertise into every situation. The heads of the restructuring practice have deep experience and are user-friendly.’

    ‘Luis Chiappetta is highly responsive and knowledgeable. He is creative and always available. He is adaptable and user-friendly.’

    ‘Very responsive, knowledgeable, talented and personable team. Strong market presence and reputation as leaders in the restructuring industry.’

    Key clients

    PNC Bank, N.A.

    BNP Paribas

    GLAS USA LLC and GLAS Americas LLC

    Wilmington Trust, National Association

    U.S. Bank National Association

    The Jordan Company

    MUFG

    Kayne Anderson Capital Advisors, LP

    Northern Ocean Ltd. & Northern Drilling Ltd.

    Work highlights

    • Represented a major international financial institution, as administrative agent, under the $1.6bn Donlen ABS facility in the Hertz chapter 11 case and, as administrative agent, under a $400m post-petition ABS facility with respect to the Donlen fleet leasing business.
    • Represented BNP Paribas, as facility agent, security agent and lender in the multi-jurisdictional insolvency cases of Avianca Holdings S.A. and certain of its subsidiaries and affiliates.
    • Represented Northern Ocean Ltd. and Northern Drilling Ltd., an international drilling contractor, in connection with the US chapter 11 filing of Seadrill Limited and its affiliates, a leading global provider of offshore contract drilling services with approximately $7.3bn in debt at the time of filing, and the negotiation of a contract dispute with Seadrill.

    Morrison & Foerster LLP

    The practice at Morrison Foerster is led by both Jennifer Marines and Lorenzo Marinuzzi, who offer substantial experience representing debtors in Chapter 11 proceedings, as well as creditors and investors in out-of-court restructurings and distressed acquisitions and representation of debtors and creditors in bankruptcy cases and workouts, respectively. Both practice from the New York office. Notable representations includes the official committee of unsecured creditors of Avianca Holdings S.A. and its affiliated debtors. The practice saw personnel changes in April 2021 including the departure of Brett Miller , Todd Goren and Dennis Jenkins.

    Practice head(s):

    Jennifer Marines; Lorenzo Marinuzzi

    Other key lawyers:

    Theresa Foudy; James Peck

    Testimonials

    ‘The Morrison team with which I am working has a great depth of talent, and has been constructed to provide the expertise that we need for our transaction, and with a careful view to costs. We interviewed other firms for our needs, and decided on Morrison for these reasons, and have not been disappointed. The level of cooperation with me and other experts has been first rate.’

    ‘I would commend Jennifer Marines in particular for her practical approach and communication skills as well as her deep understanding of legal issues and ability to bring that to bear on complex business situations.’

    ‘It is a group of hard-working individuals, all of whom seem to like each other and their work.’

    ‘Jennifer Marines is an outstanding lawyer, who finds practical solutions to complex problems.’

    Key clients

    Official committee of unsecured creditors of Valaris plc and its affiliated debtors

    Official committee of unsecured creditors of Avianca Holdings S.A. and its affiliated debtors

    Ad hoc group of holders of debt issued or guaranteed by the Commonwealth of Puerto Rico

    Official committee of unsecured creditors of Grupo Aeroméxico, S.A.B. de C.V. and its affiliated debtors

    SoftBank Group Corp.

    Independent Directors Of Hospitality Investors Trust, Inc.

    Winterhawks Sports Group LLC

    AeroCentury Inc.

    RREF III Storage LLC (joint venture between Related Companies and Storage Rentals of America)

    Parties in the GUE Liquidation Trust bankruptcy

    Silicon Valley Bank

    Liquidators of two British Virgin Islands investment funds

    Liquidity Capital II, L.P.

    Osmium Partners, LLC

    CalPlant

    United Parcel Service, Inc. (together with its affiliates and subsidiaries) (“UPS”)

    Nuveen Real Estate

    Ropes & Gray LLP

    Ropes & Gray LLP has a comprehensive practice, advising clients such as debtors, special committees, ad hoc committees of creditors and litigation parties. Its expertise includes both in and out-of-court proceedings pertaining to corporate restructuring. The practice is led by New York's Gregg Galardi; his extensive experience in reorganization plans and funded debt was reflected in his role as lead partner in the representation of Centric Brands. Another notable highlight includes the representation of an ad hoc group of second lien lenders to Healogics, where Matt Roose, also based in New York, led the team in drafting first lien loans and a new governance document.

    Practice head(s):

    Gregg Galardi

    Other key lawyers:

    Ryan Preston Dahl; Matthew Roose; Christine Pirro Schwarzman; Andrew Devore; Mark Bane; Mark Somerstein; James Wilton; Benjamin Rhode

    Testimonials

    ‘Extensive capabilities in corporate restructuring for both chapter 11 and out-of-court restructurings. Excellent in troubled company M&A. The depth of skills and ability to guide clients and supervise negotiations is first rate.’

    ‘Worked with Ryan Dahl in more than 5 transactions. The depth of skill and the strong interpersonal qualities were essential in getting transactions done without undue drama and with great efficiency.’

    ‘Gregg Galardi – excellent bankruptcy and restructuring professional.’

    ‘Everyone we have dealt with at Ropes is professional, intelligent, and responsive. All around effective and trust worthy attorneys.’

    ‘Gregg Galardi has represented our company for years. He is who we call when we have tough situations that require creative thinking and hard negotiating. He is a business person’s lawyer and understands goals intuitively. He is a pleasure to work with and a top-notch, effective attorney. Everyone else that we have worked with on Gregg’s team has been exemplary.’

    Key clients

    24 Hour Fitness Worldwide Inc.

    Ad Hoc Committee of Healogics Second Lien Lenders

    Ad Hoc Group of Exela Technologies Inc.

    Ad Hoc Group of ION Geophysical Corporation

    Ad Hoc Group of Noteholders in In re Garrett Motion Inc. et. al.

    Advent International Corporation

    Altamont Capital Partners

    Aquiline Capital Partners LLC as prepetition agent, DIP agent and purchaser of In-Shape Holdings, LLC

    Centric Brands Inc.

    Defense group of institutional investor and managers, including Fidelity, Morgan Stanley, Blackrock, and Vanguard

    Invesco as agents for DIP Lenders and First Lien Lenders of My Alarm Company

    Official Committee of Unsecured Creditors of Bouchard Transportation Co., Inc.

    Rubio’s Restaurant Inc. and its debtor affiliates (“Rubio’s” or the “Company”)

    St. Croix Energy, LLP

    Tor Investment Management Hong Kong Limited

    Work highlights

    • Represented Centric Brands in a reorganization plan pertaining to $1.7bn in funded debt.
    • Represented Robio’s Restaurant Inc. in its chapter 11 case.
    • Represented the Official Committee of Unsecured Creditors of Bouchard Transportation Co., Inc. in its chapter 11 cases.

    Stroock & Stroock & Lavan LLP

    Stroock & Stroock & Lavan LLP has a strong reputation in creditor-side restructuring, acting for a broad range of clients including J.P. Morgan, with key focuses include aviation sector work. In a notable mandate, the team represented an ad hoc group of noteholders, the largest creditor consistency of Carlson Travel, Inc., in cross-border recapitalization and restructuring transactions with an approximate value of $2bn. The practice is now led by New York’s Jeffrey Lowenthal.

    Practice head(s):

    Jeff Lowenthal

    Testimonials

    ‘Stroock’ s restructuring practice is distinguished by its creativity and problem solving. The team is tight, well coordinated and has a valuable range of skills available to clients.’

    ‘Extremely commercial. Very capable of understanding complicated businesses and related issues. Extraordinarily responsive.’

    ‘Great creditor side work, especially ad hoc groups and official committees.’

    Key clients

    J.P. Morgan Chase

    Oaktree Capital Management

    Angelo Gordon

    Redwood Capital Management

    MidOcean Capital

    DDJ Capital

    GSO Capital Partners

    Sculptor Capital Management

    Marblegate Asset Management

    Brigade Capital Management

    Prepetition Lenders, DIP Lenders, and Stalking Horse Bidder of Rhino Resource Partners LP and Rhino Energy LLC

    Official Committee of Unsecured Creditors of Extraction Oil and Gas

    Official Committee of Unsecured Creditors of LSC Communications, Inc.

    Official Committee of Unsecured Creditors of Fieldwood Energy LLC

    Official Committee of Unsecured Creditors of The McClatchy Company

    Pacific Gas and Electric Company (PG&E)

    Hartree Partners, LP – Bouchard Transportation Co., Inc.

    Ad Hoc Group of Unsecured Convertible Noteholders of JAKKS Pacific

    Official Committee of Unsecured Creditors of EP Energy Corporation

    Prepetition Lenders, DIP Lenders, and Stalking Horse Bidder of Rhino Resource Partners LP and Rhino Energy LLC

    Official Committee of Unsecured Creditors of Extraction Oil and Gas

    Ad hoc group of noteholders of Carlson Travel, Inc.

    Work highlights

    • Represented the Official Committee of Unsecured Creditors of Extraction Oil & Gas, Inc. and its affiliated debtors in connection with the $2.25bn voluntary chapter 11 bankruptcy cases filed by XOG in the U.S. Bankruptcy Court for the District of Delaware.
    • Represented an ad hoc group of noteholders of Carlson Travel, Inc. and certain of its affiliates in a series of complex cross-border recapitalization and restructuring transactions worth $2bn.
    • Acted for the Official Committee of Unsecured Creditors of LSC Communications, Inc. and its affiliated debtors in connection with the $1bn voluntary chapter 11 bankruptcy cases filed by LSC in the U.S. Bankruptcy Court for the Southern District of New York.

    Willkie Farr & Gallagher LLP

    Willkie Farr & Gallagher LLP offers a sizeable team of restructuring professionals, ‘equipped to service the full spectrum of restructuring mandates’. Its pillars of expertise encompass company-side, creditor-side and cross-border matters. In key reflections of the firm’s expertise, practice co-head Matthew Feldman acted as lead partner alongside Paul Shalhoub  in the representation of Attestor Limited, its affiliate entities and Humana, Inc. in regard to the Mallinckrodt Chapter 11 cases, while co-head Rachel Strickland  acted as lead partner alongside Andrew Mordkoff in the representation of GBG USA Inc. in its Chapter 11 cases. All are based in New York, including the new arrivals of Brett MillerTodd Goren  and Dennis Jenkins from Morrison Foerster in May 2021. Counsel Craig Damast also joined from Morrison Foerster. Melainie Mansfield joined from Dechert LLP in June 2021 and is based in Chicago. 

    Practice head(s):

    Matthew Feldman; Rachel Strickland

    Other key lawyers:

    Ana Alfonso; Daniel Forman; Todd Goren; Jennifer Hardy; Dennis Jenkins; Brian Lennon; John Longmire; Melainie Mansfield; Brett Miller; Joseph Minias; Andrew Mordkoff; Jeffrey Pawlitz; Paul Shalhoub; Tariq Mundiya

    Testimonials

    ‘Willkie’s ability to pull together a top notch team across functions and geographies was what really separated them from the pack in my mind. I was CEO of a global company that needed strong strategic and restructuring expertise, but also world class counsel, IP counsel, litigation counsel, employment counsel… Willkie delivered these services in a world class manner and with an integrated approach that allowed us to execute the transactions we needed on an accelerated timeline.’

    ‘They all did such an amazing job handling a situation that was extremely fast paced and perhaps unfairly challenging. We had to fend off aggressive creditor actions, while managing internal turnover including senior leadership changes.’

    ‘Rachel Strickland: Excellent strategic vision with the ability to adjust approach and get aggressive when called for. Strong negotiator and great at communicating with our board and stakeholders. Great knowledge of restructuring issues and a trusted advisor.’

    ‘Tariq Mundiya: Excellent at board and client communications and developing and executing litigation strategies. He was critical to developing appropriate responses at critical junctions.’

    ‘Jennifer Hardy: Jennifer showed great knowledge of restructuring issues and was able to both lead and get in the weeds on the negotiation and resolution of various extremely complex critical issues.’

    ‘Rachel Strickland is an absolute star, she is extremely smart, hard working, provides a personalized, hands on service, and is a true fortress, somebody you want on your side in the trenches. She is creative and knows how to manage large groups and adversity, extremely resourceful and I would highly recommend her on any contentious, complex restructuring.’

    Key clients

    GBG USA Inc.

    Official Committee of Unsecured Creditors of Grupo Aeromexico

    Official Committee of Unsecured Creditors of Avianca Holdings S.A.

    Official Committee of Tort Claimants in Imerys Talc America, Inc.

    Ad hoc group of Hertz Senior Noteholders

    Attestor and Humana Inc. in Mallinckrodt Chapter 11 Proceedings

    Certain Insurers in Purdue Pharma

    Special Committee of Intelsat Connect Finance S.A.

    Paper Source Inc.

    Sanchez / Mesquite

    Ad hoc group of bondholders in Ahern Rentals

    Ad hoc group of equity holders in Nine Point Energy

    Ad hoc group of lenders in Drive

    Northwest Hardwoods

    Ad hoc group of crossover lenders in Belk Corporation

    Hudson’s Bay Company ULC, HBC US Holdings Inc. and HBC US Propco Holdings LLC (collectively, “HBC”)

    JESS Capital Holdings

    Lime Rock Partners, L.P.

    Riverstone Holdings LLC

    Work highlights

    • Represented GBG USA Inc. and it’s affiliated debtors and debtors in possession, owners or licensors of various popular retail brands, in their chapter 11 cases.
    • Represented the official committee of unsecured creditors in the chapter 11 restructuring of Grupo Aeroméxico, S.A.B. de C.V., and its affiliated debtors.
    • Represented an ad hoc group of Hertz Corporation Senior Noteholders, holding more than $1.6bn of Hertz’s senior unsecured notes, in the negotiations of DIP financing and asset sales.

    Hogan Lovells US LLP

    Hogan Lovells US LLP has experience extending across a wide range of restructuring-related matters such as out-of-court proceedings, distressed asset sales, loan portfolio transactions and contested valuation trials. Its global practice is well versed in advising lenders, sponsors, creditors, purchasers and noteholders. The team’s expertise is evidenced through the standout representation of the Official Committee of Unsecured Creditors in the Chapter 11 cases of Speedcast, with liabilities amounting to $1bn. Christopher Donoho is the global head of the practice, with Ronald Silverman and Richard Wynne as co-heads. Donoho and Silverman are based in New York whilst Wynne is in Los Angeles. The practice also welcomed Matthew Schernecke from Morgan, Lewis & Bockius LLP in November 2021.

    Practice head(s):

    Christopher Donoho; Ronald Silverman; Richard Wynne

    Other key lawyers:

    David Simonds; Erin Brady; John Beck; Matthew Schernecke

    Testimonials

    ‘David Simonds is a wonderful attorney, exceptionally knowledgeable in bankruptcy matters and understands the specific needs of his client and how to achieve the goals of the client.’

    ‘Chris Donoho has an exceptional breadth of experience in representing clients in a myriad of bankruptcy cases and out of court restructurings.’

    ‘The Los Angeles-based bankruptcy/restructuring team is able to bring a unique combination of big-picture strategic case and relationship management, extraordinary technical analysis and practical advice to any project due to the depth of the partner team and ability to mesh different skill sets.’

    ‘Erin Brady is superb at thinking through legal and strategy issues and providing practical, actionable advice; her written work and ability to quickly get to the nub of an issue are both top-notch.’

    ‘Richard Wynne is an effective advocate while at the same time maintaining constructive working relationships and lines of communications with all parties, even adversaries. I have come to rely on his judgment on key strategic issues, and how to organize an overall approach to ultimately maximize the result for our common client.’

    ‘Highly competent; very experienced practice; hands-on client service; very personable and hard working.’

    ‘A wonderfully responsive, measured, non-reactionary, user-friendly and skilled team. What you would expect of a global firm with a historical restructuring strength in the US.’

    ‘Ron Silverman is an outstanding lawyer with extensive experience in domestic and international insolvency proceedings. David Simonds has extensive experience representing creditor’s committees in complex Chapter 11 restructurings and is also an outstanding lawyer. John Beck is the “first lieutenant” of the team. He is the person who implements and executes the game plan that has been developed by the team.’

    Work highlights

    • Advised the Official Committee of Unsecured Creditors in its chapter 11 cases of Speedcast, with approximately $1bn in liabilities.
    • Advised Madison Pacific as the facility agent under the Club Loan Facility Agreement in relation to its chapter 11 proceedings and  mediation proceedings aimed at resolving two disputes which are significant barriers to the Trustee being able to sell the valuable Peruvian fishing business.
    • Represented the Committee in its Chapter 11 case of Wave Computing, Inc. and its affiliated debtors and represented the Liquidating Trust formed after confirmation of the Plan of Reorganization.

    Hughes Hubbard & Reed LLP

    Hughes Hubbard & Reed LLP plays a prominent role in the handling of contentious and complex restructurings. Significant mandates includes its representation of Delta Air Lines in connection to the Chapter 11 cases filed by affiliates of Aeroméxico. The team has notable expertise in issues that arose from stringent Mexican securities laws and the CARES Act. Kathryn Coleman co-leads the team, and is well versed in credit bidding and debtor-in-possession financings, while fellow co-head Christopher Kiplok has expertise in out-of-court insolvency matters. Both are based in New York. 

    Practice head(s):

    Kathryn Coleman; Christopher Kiplok

    Other key lawyers:

    Anson Frelinghuysen; Christopher Gartman; Dustin Smith; Jeff Margolin; Erin Diers

    Testimonials

    ‘Optimization of the price for value through the composition and mix of skills and experience of the team of professionals assigned to the project. Team of highly qualified professionals in their field of expertise with an outstanding network in its related eco-system’

    ‘Chris Kiplok and Erin Diers make a great team to work with and are highly complementary. Best quality, efficiency, pragmatism and cost effectiveness in the organization and delivery of their services. I would highly recommend Chris Kiplok to deal with non-US clients and handle communication with foreign C suite.’

    ‘Very strong team. Very practical and smart.’

    ‘We really rate the HHR bankruptcy team. They have an outstanding track record in complex financial services bankruptcy, but also an outstanding ability across a range of other sectors. They are one of the handful of firms we would think of when we really need strategic advice, counsel and execution.’

    ‘Chris Kiplok is our key contact, and we have a working relationship going back over a decade. Chris is someone we place enormous trust in – he has the complete package of technical legal skills, commercial insight, sound judgment and an ability to deliver results. He has also built around him a really strong team who provide excellent support to him.’

    Key clients

    Delta Air Lines

    Imerys SA

    Lehman Brothers Inc.

    Cenveo Ltd.

    Eagle-Picher Trust

    Candriam Worldwide Alternative (f/k/a Dexia)

    Airbus Oneweb Satellites LLC

    Wells Fargo

    DNB Bank

    Matson

    MF Global

    Univision

    Work highlights

    • Represents Delta Air Lines in connection with the chapter 11 cases filed by four Aeroméxico affiliates.
    • Represented Imerys S.A., a French multibillion-dollar mining company, in connection with the 2019 chapter 11 filing by its three indirect subsidiaries to address their historic talc-related liabilities in the U.S.
    • Represented the trustee in the liquidation of the Lehman Brothers, serving in a fiduciary capacity.

    Kasowitz Benson Torres LLP

    The practice at Kasowitz Benson Torres LLP is best known for its bankruptcy-related advisory. Its expertise is evidenced through the representation of MDC Energy in its Chapter 11 case, which involved the sale of assets and a plan of reorganization. The practice is led from New York by David Rosner who is well known for representing clients in Chapter 11 cases; notable mention is given to the Fieldwood Energy matter where he represented second lien term lenders and negotiated its recovery. The practice saw the departure of Adam Shiff in May 2021 and Andrew Glenn in February 2021.

    Practice head(s):

    David Rosner

    Other key lawyers:

    Matthew Stein

    Key clients

    ACA Financial Guaranty

    Ad Hoc Group of noteholders in China Fishery

    Aman Group Resorts

    Anderson News

    Columbia Property Trust, a major real estate investment trust company, and its affiliates 880 Broadway Owner and 880 Broadway Tenant

    Contrarian Capital Management

    Cyrus Capital Partners

    Cyprus Mines

    Fairfax Financial Holdings

    Fred’s

    Howard Meyers

    Law Debenture Trust Company of New York (Tribune bankruptcy)

    MDC Energy

    Official Committee of Equity Security Holders of Garrett Motion

    Kevin Nystrom, in his capacity as the Litigation Trustee for the UC Litigation Trust for Essar Steel Minnesota

    Mudrick Capital Management

    Official Committee of Unsecured Creditors of TriVascular Sales

    Pasig

    Plan administrator for MF Global

    Renco Group

    Salvatore Lamonica, Chapter 7 Trustee in CIL Limited bankruptcy

    Second lien term lenders of Fieldwood Energy, a major offshore oil producer

    Strategic Value Partners

    TPG Capital

    USAVflow Limited

    Walter Ganzi, Jr. and Bruce Bozzi, Sr., owners of the Palm Restaurant chain

    Waterfall Asset Management

    Work highlights

    • Represented MDC Energy, the oil and gas subsidiary of MTE, in its Chapter 11 bankruptcy case.
    • Represented second lien term lenders of Fieldwood Energy in its chapter 11 bankruptcy case, successfully negotiating its recovery.
    • Represented senior noteholders in the bankruptcy case of China Fishery Group Limited and its affiliates.

    Katten

    Katten remains a go-to firm for the representation of independent directors in both chapter 11 cases and out-of-court restructurings. It is also well versed in the representation of debtors, equity sponsors and creditor committees, and has strong rapports with investment banks and financial advisors. New York-based Steven Reisman  and Chicago’s Peter Siddiqui  are co-chairs of the team. The practice has significantly enhanced its offering throughout 2021, with the arrival of Terence Banich from Fox Rothschild LLP, Michael Comerford from Paul Hastings LLP, Michaela Crocker from Jones Day, Peter Knight from Latham & Watkins LLP, John Mitchell from Akerman LLP, Julia Winters from White & Case LLP and Cindi Giglio rejoining from Gordon Brothers Group. Theresa Foudy departed the firm, while Jeff Friedman retired.

    Practice head(s):

    Steven Reisman; Peter Siddiqui

    Other key lawyers:

    Craig Barbarosh; Peter Knight; William Freeman; John Mitchell; Cindi Giglio; Jerry Hall; Shaya Rochester; Michaela Crocker; Geoffrey King; Terence Banich; Stephanie Hor-Chen; Marc Roitman

    Key clients

    AIG Asset Management (U.S.) LLC

    Aurify Brands, LLC

    BOKF, National Association

    CraftWorks Parent, LLC

    Energy Transfer

    Gulfport Energy Corporation

    Intelsat Envision Holdings LLC

    J. C. Penney Corporation

    Le Tote, Inc.

    Mallinckrodt, plc

    Mariposa Intermediate Holdings LLC

    NAC Aviation 29 Designated Activity Company

    Seadrill North Atlantic Holdings

    UMB Bank, National Association

    Windstream Holdings, Inc.

    Work highlights

    • Represented the Specialty Generics Debtors at the direction of the Disinterested Managers in connection with the Mallinckrodt chapter 11 cases.
    • Represented the independent managers of Intelsat Envision Holdings LLC, owner of the largest satellite fleet in the world, in its complex $14.8bn chapter 11 case.
    • Represented UMB Bank, National Association as the successor trustee under a $6.4bn Contingent Value Rights (CVR) Agreement with Bristol-Myers Squibb Company.

    Morgan, Lewis & Bockius LLP

    Morgan, Lewis & Bockius LLP is the go-to firm for clients seeking guidance over distressed investments and loans. Its sizeable team is well equipped to oversee insolvency matters, often handling contentious out-of-court proceedings and litigation. It places particular focus on the representation of clients in the energy and utilities sectors, specifically in oil and gas. New York's Kurt Mayr is the practice leader whilst Massachusetts-based Andrew Gallo is the deputy practice leader. Richard Esterkin retired from the practice in September 2021.

    Practice head(s):

    Kurt Mayr; Andrew Gallo

    Other key lawyers:

    Sabin Willett; John Goodchild III; Jennifer Feldsher; Julia Frost-Davies; David Lawton; Laura McCarthy

    Testimonials

    ‘ML’s large global practice provides a deep bench of experience and expertise in litigation and dispute resolution, as well as tremendous depth in trial experience.’

    ‘John Goodchild III – the brightest legal mind I have ever worked with. He can see strategy and tactics in a way that makes you think he has a crystal ball. Intensely thoughtful, focused and energized and fantastic sense of humor.’

    ‘Matthew Ziegler – fantastic attention to detail and perseverance in difficult situations, very easy to deal with and communicates very well with clients. Someone to watch.’

    ‘Practice is extremely commercial in reaching good outcomes for its clients. Quality advice on where and how to deploy efforts/resources to reach resolution of issues.’

    ‘Team is extremely available and engaged on assignments. Works collaboratively with other practitioners in the industry.’

    Key clients

    Nippon Gas Co. Ltd.

    Frontera Noteholder Group

    Official Committee of Unsecured Creditors of Corp Group Banking SA

    Bank of America, N.A.

    Platinum Equity Advisor

    FTI Consulting Canada, Inc.

    Deutsche Bank Trust Company Americas

    Conflict Director of The Infrastructure and Growth Capital Fund

    Fanatics

    Wells Fargo Bank, National Association

    “Independent Person” for Neoma Global Growth Markets Strategic Fund

    GlaxoSmithKline (GSK)

    The UMWA 1992 Benefit Plan

    JPMorgan Chase Bank, N.A.

    Work highlights

    • Represented a group of clients with respect to their investments in more than $1.6bn in bonds issued by the Commonwealth of Puerto Rico and its various instrumentalities.
    • Represented the Senior Secured Noteholders as prepetition and postpetition lenders in the restructuring of Agilon Energy II, an independent power producer in Texas.
    • Represented the conflict director appointed to investigate and pursue claims to recover losses on behalf of The Infrastructure and Growth Capital Fund LP, a $2bn investment fund damaged as a result of the fraud at the Abraaj private equity group.

    Norton Rose Fulbright

    The practice at Norton Rose Fulbright spans the US with offices in key locations such as New York, Austin and Washington DC, aiding its ability to advise on cross-border matters such as the representation of JP Morgan Chase Bank in its dual capacity of bondholder and revolving credit facility lender to Boy Scouts of America in connection to its Chapter 11 case. The practice is led by Jason Boland, Ryan Manns and Eric Daucher, based in Houston, Dallas and New York respectively. New York’s Howard Seife is also noted; he is the firm’s global head of the practice and specializes in domestic and international reorganizations. Louis R Strubeck and Gregory Wilkes departed the practice during 2021.

    Practice head(s):

    Jason Boland; Ryan Manns; Eric Daucher

    Other key lawyers:

    Howard Seife; Toby Gerber; Howard Beltzer; David Rosenzweig; Kristian Gluck; Bob Bruner; Julie Goodrich Harrison; James Copeland

    Testimonials

    ‘Howard Beltzer is typically the smartest guy in the room. His knowledge, expertise and judgment are spot on. When he is by my side, I am exceedingly well prepared!’

    Key clients

    Brazos Electric Power Cooperative, Inc.

    GFG Alliance

    Philippine Airlines

    Official Committee of Unsecured Creditors of the National Rifle Association

    Official Committee of Unsecured Creditors of Chesapeake Energy Corporation

    Official Committee of Unsecured Creditors of Valaris PLC

    Official Committee of Unsecured Creditors of Tailored Brands, Inc.

    Coöperatieve Rabobank, U.A., New York Branch

    JPMorgan Chase Bank

    Bank of America

    Bank of New York Mellon

    Deutsche Bank

    HSBC Bank

    Banco Bradesco

    Southern Foods Group, LLP (d/b/a Dean Foods)

    Steering Committee of International Lenders of Vicentin S.A.I.C.

    Shell Oil Company

    NextEra Energy, Inc.

    Anadarko Petroleum Company

    Mesquite Energy

    Delta Air Lines

    Work highlights

    • Represented Brazos Electric Power Cooperative, the largest generation and transmission cooperative in Texas, in chapter 11 proceedings in the Southern District of Texas.
    • Represented GFG Alliance, an international group of businesses involved in mining, industry and trading, in the company’s global-wide restructuring.
    • Represented Philippine Airlines as special aircraft finance restructuring counsel in its chapter 11 proceedings in the Southern District of New York.

    O'Melveny & Myers LLP

    O’Melveny & Myers LLP is entrusted by many clients with complex restructurings; it represented the ad hoc group of Belk Inc. in its Chapter 11 case, recognized for its rapid completion. Joseph Zujkowski led the representation and facilitated a prepacked plan seeking for unsecured claims to be completely recovered. John Rapisardi is the chair of the practice and is based in New York. Scott Drake, Greg Wilkes and Louis Strubeck have joined from Norton Rose Fulbright in June 2021, and are based in Dallas. Nancy Mitchell departed in April 2021.

    Practice head(s):

    John Rapisardi

    Other key lawyers:

    Joseph Zujkowski; Louis Strubeck; Greg Wilkes; Peter Friedman; Maria DiConza; Jennifer Taylor; Steve Warren

    Testimonials

    ‘The OMM bankruptcy team is both knowledgeable about the theory of law, and the practical reality of law. Their insight allows for both exceptional advice, as well as efficient implementation once a decision has been made. Ultimately, their team has been able to put themselves in our (the client’s) shoes – resulting in a fantastic experience.’

    ‘Greg Wilkes and his bankruptcy team have gone above-and-beyond over the last 12 months, both in terms of attention, advice, and implementation. Mr. Wilkes consistently provides insight and advice, as well as listens to feedback to best understand the situation, together yielding optimized strategies to deliver expedient, cost-efficient results. Mr. Wilkes and team have built and earned enormous amounts of trust with my team. Further, their communication speed and style are fantastic. It greatly helps when working through stressful and difficult situations.’

    Key clients

    City of Long Beach, New York

    Belk, Inc.

    Bank of America

    Osprey Point LLC

    Brazos Electric Power Cooperative, Inc.

    Elk Petroleum Inc.

    24 Hour Fitness

    Bruin Energy

    Brandywine (a Chubb company)

    Morgan Stanley

    Puerto Rico Electric Power Authority

    Francesca’s Holdings Corp.

    JPMorgan Chase

    Adeptus Health, Inc.

    Work highlights

    • Represented Brazos Electric Power Cooperative, Inc.—the largest and oldest electric transmission cooperative in Texas—as debtor in its multi-billion chapter 11 case.
    • Represented the ad hoc group of Belk Inc. first lien lenders in one of the most high profile retail restructurings of 2021, and the fastest chapter 11 case in US history.
    • Represented women’s fashion boutique Francesca’s Collections through its bankruptcy; in December 2020, Francesca’s and three affiliates sought chapter 11 protection, with over $290m in debt, citing pandemic-weakened sales.

    Paul Hastings LLP

    Paul Hastings LLP is well versed in the handling of ‘high-stakes and high-profile‘ restructuring matters, with expertise encompassing committee-side, debtor-side and bank-side work. Notable representation includes an ad hoc group of secured noteholders of Avianca Holdings SA, pertaining to its Chapter 11 cases with $2bn in debtor-in-possession financing. New York-based Luc Despins  leads the global restructuring team, offering significant experience acting as counsel for official committees of unsecured creditors in Chapter 11 cases. The vice chair of the practice is Chicago’s Chris Dickerson, who has a breadth of experience advising on reorganizations. In a major development, the firm welcomed a sizeable team from Stroock & Stroock & Lavan LLP, including Kristopher Hansen, who now co-leads the team alongside Daniel Fliman and Jonathan Canfield, all based in New York.

    Practice head(s):

    Luc Despins; Chris Dickerson; Kristopher Hansen

    Other key lawyers:

    Andrew Tenzer; Pedro Jimenez; Matt Murphy; Justin Rawlins; James Grogan; Todd Schwartz; Phil Ratner; Dov Goodman; Daniel Fliman; Jonathan Canfield

    Testimonials

    ‘Very high quality team. Thorough and experienced team.’

    ‘Matt Murphy – very good bankruptcy attorney, practical and a good deal maker.’

    ‘The team has been cohesive for many years and has learned the way we do things. They are innovative yet trusted by us.’

    ‘Justin Rawlins, Phil Ratner and Dov Goodman are exceptional to work with, they all work well together, they are almost an extension of our firm which allows for extreme efficiency and execution.’

    ‘One option is never enough. Creative solutions, candor and speed of execution.’

    ‘Cohesive unit with exceptional work ethic and 24 hour responsiveness.’

    ‘Very easy to work with, subject matter experts and results focused.’

    Key clients

    Ad Hoc Shareholders Committee for Aeromexico

    Ad Hoc Group of Secured Noteholders of Avianca Holdings

    Bank of Montreal

    Official Committee of Unsecured Creditors of Chisolm Oil and Gas

    Official Committee of Unsecured Creditors of the Commonwealth of Puerto Rico, Employees Retirement System of the Government of the Commonwealth of Puerto Rico, Puerto Rico Highways and Transportation Authority, and Puerto Rico Electronic Power Authority.

    Cred, Inc.

    GCX

    Grizzly Energy

    Guggenheim

    Ad HocGroup ofBondholders of Grupo IDESA

    Kayne Anderson

    Macquarie PF

    Maxcom Telecomunicaciones

    Morgan Stanley

    PIMCO

    Prudential

    Official Committee of Unsecured Creditors ofOneWebGlobal

    Royal Bank of Canada

    Official Committee of Unsecured Creditors of Sable Permian

    Wells Fargo

    Work highlights

    • Represented Eagle Hospitality Real Estate Investment Trust and certain of its subsidiaries as debtors and debtors in possession in their chapter 11 cases.
    • Represented Cred Inc. in its chapter 11 case and related litigation in the Bankruptcy Court for the District of Delaware, involving the first bankruptcy case filed in U.S. history by a cryptocurrency lender.

    Proskauer Rose LLP

    Proskauer Rose LLP has a multifaceted practice and represents a range of clients including companies, lenders, investors, unsecured creditors and independent fiduciaries. David Hillman acted as lead partner in the representation of Murray Metallurgical Coal Holdings LLC and its five subsidiaries, in its Chapter 11 cases pertaining to $270m of funded debt. Timothy Karcher and Charles Dale assisted the matter and sought the approval of a $90m senior and junior DIP loan. Martin Bienenstock chairs the team from New York, while Jeff Marwil is the US co-head and is based in Chicago. Lawyers are in New York unless otherwise stated.

    Other key lawyers:

    David Hillman; Timothy Karcher; Charles Dale

    Testimonials

    ‘Talent is second to none.’

    ‘Very experienced and lots of depth. Direct, no nonsense advice. Practical and aggressive. Trusted resources that I have had the honor to work with and rely on in the past.’

    Key clients

    Financial Oversight and Management Board for Puerto Rico

    ITT Educational Services, Inc., Deborah Caruso, Trustee

    Sycamore Partners, LP

    Century 21 Department Stores LLC

    Murray Metallurgical Coal Holdings LLC and Subsidiaries

    Hospitality Investors Trust, Inc.

    Redfin

    First Lien Lenders to Nine Point Energy Holdings, Inc.

    Kings Food Markets

    Apollo Investment Management, LP

    Fortress Credit Corp.

    Work highlights

    • Represented Murray Metallurgical Coal Holdings LLC and its five subsidiaries, in its Chapter 11 cases pertaining to $270m of funded debt.
    • Acted as general counsel for Century 21 Department Stores LLC in its chapter 11 case, implementing  a plan of liquidation that paid secured claims in full and provides for a substantial dividend to unsecured creditors that may exceed 35%.
    • Represented Hospitality Investors Trust, Inc., a public, SEC-registered real estate investment trust owning 100 hotels nationwide, in a series of restructuring transactions negotiated with its largest investor, funds managed by Brookfield Asset Management Inc. culminating in a prepackaged chapter 11 bankruptcy proceeding.

    Vinson & Elkins LLP

    Vinson & Elkins LLP has a diverse practice, with expertise in a magnitude of industries including energy, telecommunications, retail, real estate, healthcare and shipping. It represents clients in all matters pertaining to in and out-of-court restructurings. Noteworthy matters includes its representation of Riverstone Holdings LLC and its affiliates in its prepackaged Chapter 11 cases of its portfolio company, UTEX Industries, Inc. and its representation of Unit Corporation in relation to its financial restructuring arising from Chapter 11 matters. David Meyer  and Bill Wallander co-head the practice. Meyer is based in New York whilst Wallander splits his time between both New York and Dallas. The practice has been expanded at senior level with the promotion to partner of Jessica Peet, Bradley Foxman and Lauren Kanzer during 2021. Lawyers are in New York unless otherwise stated.

    Practice head(s):

    David Meyer; Bill Wallander

    Other key lawyers:

    Steven Abramowitz; George Howard; Paul Heath; Harry Perrin; Bill Wallander; Jessica Peet; Bradley Foxman; Lauren Kanzer

    Testimonials

    ‘Highly commercial, user friendly team across all restructuring matters.’

    ‘David Meyer is top notch – highly likeable and effective.’

    Key clients

    Jonah Energy LLC

    Riverstone Holdings LLC

    HPS Investment Partners LLC

    Riverstone Credit Management LLC

    Unit Corporation

    AMP Capital Investors (US) Limited

    Meritage Midstream Services II, LLC

    U.S. Well Services, Inc.

    Lilis Energy, Inc.

    Bonanza Creek Energy Inc.

    CSI Compressco LP

    Sixth Street

    MC Capital

    Prudential Insurance

    Arena Capital

    Select Energy Services, Inc.

    Standard Fiber LLC

    Affiliates of Freeport-McMoRan Inc.

    Wells Fargo Bank N.A.

    JPMorgan Chase Bank, NA

    Centerbridge Partners, L.P.

    White Oak Global Advisors, LLC

    The Goldman Sachs Group, Inc.

    Royal Bank of Canada

    Ad Hoc Group of Co-Op Members of Brazos

    Ad Hoc Group of Lenders to Washington Prime Group

    Carbo Ceramics, Inc.

    Southwest Airlines

    California Resources Corporation

    Jonah Energy LLC

    Riverstone Holdings LLC

    HPS Investment Partners LLC

    Riverstone Credit Management LLC

    Unit Corporation

    AMP Capital Investors (US) Limited

    Meritage Midstream Services II, LLC

    U.S. Well Services, Inc.

    Lilis Energy, Inc.

    Bonanza Creek Energy Inc.

    CSI Compressco LP

    Sixth Street

    MC Capital

    Prudential Insurance

    Arena Capital

    Select Energy Services, Inc.

    Standard Fiber LLC

    Affiliates of Freeport-McMoRan Inc.

    Wells Fargo Bank N.A.

    JPMorgan Chase Bank, NA

    Centerbridge Partners, L.P.

    White Oak Global Advisors, LLC

    The Goldman Sachs Group, Inc.

    Royal Bank of Canada

    Ad Hoc Group of Co-Op Members of Brazos

    Ad Hoc Group of Lenders to Washington Prime Group

    Carbo Ceramics, Inc.

    Southwest Airlines

    California Resources Corporation

    Work highlights

    • Advised Jonah Energy LLC in connection with its out-of-court restructuring.
    • Advised Riverstone Holdings LLC and HPS Investment Partners, LLC as equity owners in connection with the potential out-of-court restructuring and subsequent chapter 11 cases of Alta Mesa Resources and its subsidiaries.
    • Advised affiliates of Riverstone Holdings LLC in connection with the prepackaged chapter 11 cases of its portfolio company, UTEX Industries, Inc..

    Arnold & Porter

    Arnold & Porter is well versed in complex bankruptcies and oversees the full spectrum of in-court matters. Significant representation includes that of an ad hoc group of first lien lenders under a senior secured term and revolving credit facility to Hertz Corporation who have over $1bn outstanding in its Chapter 11 cases. The practice is led by Chicago’s Michael Messersmith, who has experience representing lenders, bondholders, agents, indenture trustees and borrowers. Michael Bernstein in Washington DC is also noted for his work on cross-border Chapter 11 proceedings.

    Practice head(s):

    Michael Messersmith

    Other key lawyers:

    Tyler Nurnberg; Michael Bernstein; Jonathan Levine; Rosa Evergreen; Brian Lohan; Maja Zerjal Fink; Sarah Gryll

    Key clients

    Ares Capital Corporation

    Eaton Vance

    Invesco

    AT&T Inc.

    Cortland Capital Market Services, LLC

    Bardin Hill

    Borden Dairy Holdings

    Voya Investment Management

    Wilmington Trust

    Republic of Colombia

    GLAS USA LLC

    Nuveen

    BP

    Republic of Kyrgyz

    Loan Core Capital

    Pfizer

    Work highlights

    • Advised an ad hoc group of 20+ first lien lenders under a senior secured term and revolving credit facility with more than $1bn outstanding in the chapter 11 bankruptcy cases of The Hertz Corporation and 29 subsidiaries and affiliates.
    • Advised Borden Dairy, the iconic dairy processor with annual revenues in excess of $1.4bn, in chapter 11 cases.
    • Advised steering committee of term loan lenders owed in excess of $2bn with respect to the issuance of a new $450m term loan facility to Cineworld Group.  

    Fried, Frank, Harris, Shriver & Jacobson LLP

    Fried, Frank, Harris, Shriver & Jacobson LLP has a multidisciplinary practice, advising clients on complex corporate transactions, insolvencies and out-of-court restructurings. Its US and London based offices allow seamless representation on cross-border matters, particularly upon bankruptcies. Notable mention is given to the representation of Seritage Growth Properties in relation to the Chapter 11 cases of Sears Holdings Corporation, where the team acts as restructuring counsel. The practice is led by Brad Eric Scheler in New York, who is well versed in corporate finance and strategic planning and has advised clients of a corporate, institutional and governmental capacity.

    Practice head(s):

    Brad Eric Scheler

    Other key lawyers:

    Mandip Englund; Gary Kaplan; Ashley Katz; Jennifer Rodburg; Adam Shiff; Peter Siroka

    Key clients

    Ascribe Capital

    Baupost Group

    BlackRock

    Brookfield

    Canyon Partners

    CNO Financial Group

    CVS Pharmacy

    CX Reinsurance Company Limited

    California Protons Cancer Therapy Center

    Casco Development Corp.

    Centerbridge

    The Children’s Investment Fund Management (UK) LLP

    Christopher C.S. Harborne

    Citadel

    Cladrius Partners LLC

    Clever Devices Ltd.

    Deutsche Bank

    Creditors (second lien noteholders) of Gavilan Resources

    Goldman Sachs

    Humana

    IMAX Corporation

    Lee Equity Partners

    Navios

    Neuberger Berman

    ONEX

    Oak Point Partners

    Redbird Capital Partners

    SGS International

    Seritage Growth Properties

    Simon Property Group

    Spanish Broadcasting System

    The Condé Nast Publications

    United Equities Commodities Company

    Vornado Realty

    WAFRA

    WHP Global

    WeWork

    Work highlights

    • Representing Seritage Growth Properties in relation to the Chapter 11 cases of Sears Holdings Corporation.

    Linklaters LLP

    The team at Linklaters LLP has a breadth of expertise, representing clients on both the lender and debtor side of restructuring matters. A notable mandate for the team is the representation of Sound Point Capital Management as initial lender in relation to the revolving trade receivables facility, amounting to $425m and provided to Centric Brands, Inc. following its exit from Chapter 11 proceedings. Robert Trust led the matter, overseeing the facility and its amendments. Margot Schonholtz heads the practice, offering key expertise within bankruptcy and creditor litigation. All lawyers mentioned are in New York.

    Practice head(s):

    Margot Schonholtz

    Other key lawyers:

    Robert Trust; Penelope Jensen; Christopher Hunker

    Testimonials

    ‘Tight knit group of very experienced partners.’

    ‘All NY partners are outstanding. Mark L is highly skilled at aggressively fighting for your position in a very professional manner. Not afraid to litigate but happy to negotiate a settlement.’

    ‘The team works smoothly and effectively on a cross-border, cross-disciplinary basis, which is not true of all large law firms. Partners are attentive and counsel and associates are strong as well.’

    ‘In the U.S., Margo Schonholtz, Penelope Jensen and Robert Trust are all extremely effective bankruptcy and restructuring counsel.’

    Key clients

    Crédit Agricole Corporate and Investment Bank

    Wells Fargo Bank, N.A.

    Sound Point Capital Management, LP

    The First Lien Secured Lenders to GBG USA, Inc.

    Grant Thornton, as foreign representative of Comsale

    Barclays Capital Inc.

    Crédit Agricole Corporate and Investment Bank

    Wells Fargo Bank, N.A.

    Citibank, N.A.

    Citibank, N.A.

    Sound Point Capital Management, LP [Centric Brands]

    The First Lien Secured Lenders to GBG USA, Inc.

    Grant Thornton, as foreign representative of Comsale

    Barclays Capital Inc.

    Work highlights

    • Advised Crédit Agricole Corporate and Investment Bank, as Revolving and LC Agent and Collateral Agent under the DIP Credit Agreement and Prepetition Credit Facilities in its chapter 11 restructuring of McDermott International, Inc.
    • Advised Wells Fargo, as agent to the senior secured lender group, in the wind-down of Titan Energy LLC, formerly known as Atlas Resource Partners L.P..
    • Advised Citibank, N.A., as administrative agent to the senior secured lenders that provided a $263m reserve-based lending facility to Chisholm Oil and Gas Operating, LLC and certain of its subsidiaries.

    Orrick, Herrington & Sutcliffe LLP

    Orrick, Herrington & Sutcliffe LLP has a breadth of expertise in restructuring matters and is well versed in the representation of significant financial institutions; in addition, it has represented an array of high-caliber creditors in notable deals such as Bank of Nova Scotia in the Chapter 11 cases of LATAM Airlines Group, and Centerbridge Partners in the Chapter 11 cases of PG&E. The practice is led by Raniero D’Aversa, who is renowned for his expertise in bankruptcies, out-of-court restructurings and creditors’ rights litigation. She practices from the New York office. The practice welcomed Preetha Gist to the Washington office, joining from Chapman & Cutler LLP in June 2021.

    Practice head(s):

    Raniero D’Aversa

    Other key lawyers:

    Laura Metzger; Lorraine McGowen; Evan Hollander; Preetha Gist

    Testimonials

    ‘Very responsive and proactive.’

    Key clients

    Pyramid Management Group LLC

    Liquidators for Greensill Limited

    Wells Fargo Bank, N.A.

    Levi Strauss & Co.

    Bank of Nova Scotia

    Salem Media Group

    Shearman & Sterling LLP

    Shearman & Sterling LLP has long-standing experience advising clients on an international level, regularly overseeing cross-border transactions in Latin America, Europe and Asia with aspects of US law. Pillars of focus include the US Bankruptcy Code, the Securities Investor Protection Act, the Orderly Liquidation Authority and state insurance insolvency law. The team is led by three partners: Luckey McDowell is well versed in restructurings, and was involved in the Southland Royalty Chapter 11 bankruptcy. Joel Moss advises banks, ad hoc noteholder and lender groups, direct lenders, trading desks and distressed investment funds. Mark Shapiro is renowned for his leadership in Chapter 11 and cross border restructurings. McDowell is based in Dallas; Moss splits his time between both San Francisco and New York whilst Shapiro is based in New York.

    Practice head(s):

    Luckey McDowell; Joel Moss; Mark Shapiro

    Other key lawyers:

    Fredric Sosnick; Ian Roberts; Ned Schodek

    Testimonials

    ‘The Shearman team had the expertise, knowledge, and professionalism to advise my client towards a difficult, complex, but best-case outcome. Where other counsel failed to inspire confidence in their recommendations, the Shearman team came across as subject-matter experts.’

    ‘Mark Shapiro has a multi-faceted background at law firms and in industry that is uncommon. The different viewpoints are readily apparent in the recommendations that he provides. He seems to better understand the client’s position better than most.’

    Ian Roberts is a well-rounded attorney with broad knowledge that he can access to form creative solutions. He left no stone unturned and was comfortable interacting with a large legal team.’

    ‘Ned Schodek is easy to deal with and excellent at keeping clients informed as the engagement progresses. He has excellent working knowledge of offshore jurisdictions and that makes him a valued member of the team on cross border cases.’

    ‘Ian Roberts is an excellent lawyer and has fantastic client-communication skills. Fabulous!’

    Key clients

    Southland Royalty Liquidation Trust

    Citibank, N.A.

    Bank of America

    Nuverra Environmental Solutions

    Barclays

    Ad Hoc Group of Windstream Midwest Noteholders

    Ad Hoc Group of Grupo Posadas Noteholders

    GLAS

    Ankura Trust Company

    Brazos Electric Power Cooperative

    NRG Retail LLC

    Southland Royalty Company LLC

    NextEra

    DJH Minerals

    Pacific Gas & Energy

    Magris Resources Canada

    Chesapeake Energy Corp.

    Work highlights

    • Represented Citibank, N.A., in its capacity as administrative agent and lender under a revolving credit agreement in connection with the chapter 11 bankruptcy cases of Valaris plc and certain of its subsidiaries.
    • Represented Southland as the debtor, in its chapter 11 restructuring and sale to an affiliate of the Williams Companies.
    • Represented a private equity investor. and certain Canadian and BVI-based holding companies in chapter 11 proceedings pending in the US Bankruptcy Court, Southern District of New York.

    Squire Patton Boggs

    Squire Patton Boggs offers a ‘seasoned’ and sizeable team, having experience across all aspects of restructuring and insolvency matters such as Chapter 11 proceedings, Chapter 15 insolvencies and out-of-court restructurings. Stephen D Lerner  heads the practice, dividing his time between Cincinatti and New York; he was appointed as Examiner in the Purdue Pharma Chapter 11 case, whereby he oversaw the allegation that the Sackler family sought to improperly influence the Special Committee of the Board of Directors. The team was bolstered by the promotion of Dallas’s Travis McRoberts to partner in January 2021.

    Practice head(s):

    Stephen D Lerner

    Other key lawyers:

    Karol Denniston; Norman Kinel; Jeff Rothleder; Peter Morrison; Maura McIntyre; Travis McRoberts

    Key clients

    Purdue Pharma Examiner

    Ferrellgas Partners

    Blackjewel LLC

    Blackjewel Liquidation Trust

    BJ Services, LLC

    US Virgin Islands Department of Finance

    Patriot Well Solutions, LLC

    Hartshorne Mining Group

    Board of Directors of Tuesday Morning Corporation

    Delaware Trust Company, as Indenture Trustee

    NetJets Sales, Inc. and related NetJets entities

    Burke Porter Group

    Ecopetrol Americas LLC

    Desert Financial Credit Union

    U.S. Bank, N.A.

    Pan American Silver Corp

    New General Market Partners

    Work highlights

    • Advised Ferrellgas Partners in its pre-packaged chapter 11 case and its out-of-court restructuring of its subsidiary operating partnership’s approximately $2bn in debt.
    • Acted as counsel to the Official Committee of Unsecured Creditors in its chapter 11 cases of oilfield services firm BJ Services LLC, et al..
    • Acted as the United States Trustee to serve as the examiner for Purdue Pharma and investigated whether the Sackler family, as owners of Purdue Pharma, had improperly influenced the members of the Special Committee of the Board of Directors in connection with the Special Committee’s decision to settle Purdue Pharma’s multi-billion dollar claims against the Sackler family.

    ArentFox Schiff

    The team at Arent Fox LLP includes specialists in bankruptcy, acting for a wide range of major national clients in diverse industries. Areas of focus lie within public funded debt cases, litigation-oriented bankruptcy proceedings and creditor committee advisory. Its expertise is evidenced through its work as general bankruptcy and restructuring counsel in a Subchapter V case, overseeing all aspects from the petition to a confirmed plan. Andrew Silfen leads the practice from New York.

    Practice head(s):

    Andrew Silfen

    Other key lawyers:

    Aram Ordubegian; George Angelich; M. Douglas Flahaut; Beth Brownstein; Justin Kesselman; Nicholas Marten

    Testimonials

    ‘Great team and people. Very dynamic firm and extremely responsive.’

    ‘Aram Ordebegian and his team are outstanding. Same with David Meyer. Very knowledgeable and insightful. Qualities include responsiveness and professionalism.’

     

    Key clients

    BOKF, N.A.

    Official Committee of Unsecured Creditors of New York Classic Motors

    U.S. Bank, N.A.

    Official Committee of Unsecured Creditors of Dean and DeLuca New York Inc., et. al.

    Official Committee of Unsecured Creditors of Rubie’s Costume Company, Inc.

    Official Committee of Unsecured Creditors of Walker County Hospital

    NTS W. USA Corp. dba Desigual and Desigual USA

    Official Committee of Unsecured Creditors of Greensill Capital, Inc.

    UMB Bank

    Grifols, S.A. and Grifols Worldwide Operations Limited

    Jeremy Faith Chapter 7 Trustee of Takken Estate

    Warrior Golf, Inc.

    Official Committee of Unsecured Creditors of Mad Dogg Athletics, Inc.

    Glorya Kaufman / In re TBH19, LLC

    450 S. Western LLC, Debtor and Debtor-in-Possession

    G-Star Inc.; G-Star Raw Retail Inc., Debtor and Debtor-in-Possession

    ZNA Foods, Inc., a third party interested in purchasing assets from the bankruptcy estate of In re NPC International Inc.

    Dov Jacobs, the principal of the debtors and debtors-in-possession in In re PNW Healthcare Holdings

    Coldwater Development LLC and Lydda Lud, LLC

    NAI Capital

    Safe Harbor Network CA, LLC

    Gold Depot

    Timothy Yoo, Chapter 7 Trustee on Behalf of the Estate of VoIP Guardian Partners I, LLC

    Work highlights

    • Represented BOKF in its capacity as indenture trustee and agent for the secured second priority notes issued in the principal amount of approximately $1bn, with $350m in principal outstanding as of the petition date.
    • Represented US Bank as Trustee for more than $80m in outstanding bonds.
    • Represented the Official Committee of Unsecured Creditors of Greensill Capital Inc. in the chapter 11 case pending in the United States Bankruptcy Court for the Southern District of New York.  

    BakerHostetler

    Baker & Hostetler LLP has a breadth of expertise covering the ‘full array of bankruptcy-related work’, placing particular focus upon distressed M&A, restructurings, workouts and litigation. It is well equipped to advise across a range of industries such as energy, manufacturing, hospitality, healthcare and retail. Renowned sector expert Elizabeth Green leads the bankruptcy practice from Orlando, offering broad expertise across the firm’s offering.

    Practice head(s):

    Elizabeth Green

    Other key lawyers:

    Michael VanNiel; Eric Sagerman; Donald Workman; Jorian Rose; Andrew Layden

    Key clients

    The Official Committee of Tort Claimants of PG&E Corporation and Pacific Gas and Electric Company

    Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC

    Alliance Medical Holdings, LLC

    Chapter 11 Trustee of Americore Companies

    Lapis Advisors LLP

    Samuels Jewelers Inc.

    Fidelity National Information Services, Inc.

    WorldPay

    AB Volvo (and certain global affiliates)

    Limetree Bay Services, LLC, Limetree Bay Refining, LLC, and related entities

    Ad Hoc Committee of Deed of Trust Holders of Professional Financial Investors, Inc.

    Assignee for the Benefit of Creditors of Aerion Corporation, Aerion Technologies Corporation, Aerion Supersonic LLC, and Aerion Intellectual Property Management Corporation

    Official Committee of Unsecured Creditors in the Chapter 11 Cases of Advantage Holdco and affiliated companies (d/b/a “Advantage Rent-A-Car” and “E-Z Rent-A-Car”)

    Sharity Ministries, Inc.

    Entrust Energy, Inc., and its affiliated entities

    Gulf States Toyota

    White Oak Global Advisors, LLC, through its designee International Keg, LLC

    Mack Trucks, Inc.

    Kim Funding

    Protect America

    National Building Maintenance Corp.

    Work highlights

    • Represented Limetree Bay Services, Limetree Bay Refining and related entities in chapter 11 cases arising from the bankruptcy of a U.S. Virgin Islands oil refinery, unable to upgrade to meet EPA emission standards.
    • Represented Official Committee of Tort Claimants of PG&E Corporation and Pacific Gas and Electric Company in its chapter 11 case and acted as appellate counsel in multiple appeals.
    • Represented Entrust Energy and affiliated entities in connection with a pending chapter 11 liquidation, arising from Winter Storm Uri and the resulting 2021 Texas power crisis.

    Bracewell LLP

    Bracewell LLP remains noted for its handling of restructuring and bankruptcy matters; it has particular expertise in energy, maritime and international restructurings. In addition, it is trusted to oversee advisory to private investment funds, financial institutions, commercial lenders and institutional investors. The Houston-based practice is led by William Wood III who has a breadth of experience in out-of-court restructurings, asset purchase sales and bankruptcy litigation. Robert Burns and Jason Cohen are other notable individuals.

    Practice head(s):

    William A. Wood III

    Other key lawyers:

    Robert Burns; Jason Cohen; Mark Dendinger; Nick Sarad

    Testimonials

    ‘Knowledge and collaboration.’

    ‘Knowledge; personal interaction; attention to detail.’

    ‘Nick Sarad and Mark Dedinger are among the most talented attorneys I have ever worked with. Their knowledge of corporate and bankruptcy law is unsurpassed.’

    Key clients

    Bank of Oklahoma Financial, N.A.

    Echo Energy Partners I, LLC

    Crédit Agricole Corporate and Investment Bank

    Eni Petroleum

    Natixis, New York Branch

    Venoco LLC

    Columbia Gas Transmission, LLC, an affiliate of TC Energy Corporation

    GP Invitation Fund I, LP

    JP Morgan Chase Bank, N.A.

    Bank of Oklahoma Financial, N.A.

    Work highlights

    • Represented Echo Energy Partners as the debtor in the Chapter 11 US bankruptcy case in the Southern District of Texas, with a debtor-in-possession financing approved for $8.5m.
    • Represented Eni US Operating Co. Inc. and Eni Petroleum US LLC, as predecessors in interest to certain debtors in In re Fieldwood Energy LLC.
    • Represented Natixis, New York Branch, as administrative agent of and co-lender to a senior secured RBL credit agreement, in jointly administered Chapter 11 proceedings of oil and gas company MDC Texas Energy, LLC and its related debtor affiliates.

    Cadwalader, Wickersham & Taft LLP

    Cadwalader, Wickersham & Taft LLP is ‘well known for its expertise in bankruptcies and restructurings‘, often involving complex cross-border aspects and high profile representations. Ingrid Bagby in New York is noted for her representation of creditors, debtors and investors in both chapter 9 and chapter 11 cases. Another notable individual is New York's Michele Maman; she has vast experience in international insolvency proceedings. The practice is led by Gregory Petrick, who splits his time between both the New York office and the London office.

    Practice head(s):

    Gregory Petrick

    Other key lawyers:

    Ingrid Bagby; Michele Maman; Casey Servais; Tom Curtin

    Key clients

    Federal Reserve Bank of Boston

    MBIA, Inc.

    Assured Guaranty Corp. and Assured Guaranty Municipal Corp.

    Kingsland Holdings Limited

    Argonaut Insurance Company

    JPMorgan Chase Bank, N.A.

    J. Aron & Company LLC (Goldman Sachs)

    National Founders LP (Credigy)

    Work highlights

    • Advised the Federal Reserve Bank of Boston in the development, documentation and implementation of the $600bn Main Street Lending Program.
    • Advised MBIA Insurance Corp. and MBIA Inc. in multiple capacities relating to two of three collateral loan obligation investment funds referred to collectively as the “Zohar Funds,” or, individually, as Zohar I and Zohar II.

    Choate, Hall & Stewart

    Choate, Hall & Stewart has a strong reputation for its company and creditor expertise, utilizing its skills to oversee restructurings, workouts, distressed asset and debt acquisitions as well as insolvency proceedings. It represented Liberty Mutual Insurance Company as lead bankruptcy counsel in relation to its $1.4bn claim in the pending bankruptcy of Pacific Gas and Electric Company. John Ventola and Sean Monahan lead the Boston-based practice.

    Practice head(s):

    John Ventola; Sean Monahan

    Other key lawyers:

    Douglas Gooding; Jonathan Marshall

    Key clients

    Wells Fargo Bank, N.A.

    General Electric

    Liberty Mutual Insurance Company

    Citizens Bank, N.A.

    Bank of America, N.A.

    JPMorgan Chase Bank, N.A.

    Encina Business Credit

    Second Avenue Capital Partners

    Gordon Brothers Group

    SLR Credit Solutions f/k/a Crystal Financial

    Work highlights

    • Represented Liberty Mutual Insurance Company as lead bankruptcy counsel in relation to its $1.4bn claim in the pending bankruptcy of Pacific Gas and Electric Company.

    Clifford Chance

    Clifford Chance continues to have a prominent presence in significant American and Latin American restructuring matters, particularly those involving aviation. Jennifer DeMarco  heads the practice from New York. Counsel Sarah Campbell has represented lenders, debtors and agent banks. Douglas Deutsch is also worth noting due to his handling of both transport and retail cases. Michelle McGreal is best known for her expertise in bankruptcies, out-of-court workouts and financing transactions.

    Practice head(s):

    Jennifer DeMarco

    Other key lawyers:

    Douglas Deutsch; Michelle McGreal; Sarah Campbell; Robert Johnson

    Testimonials

    ‘Objectivity and creative thinking.’

    ‘Jennifer DeMarco – hands on.’

    ‘Jennifer DeMarco and her team are top-notch, knowledgeable in restructuring and insolvency and are able to get deals done.’

    ‘Doug Deutsche is an outstanding restructuring expert. Great client service and always conscious of delivering practical commercial advise as efficiently as possible.’

    Key clients

    JP Morgan

    Wilmington Savings Fund Society

    Goldman Sachs

    US International Development Fund (“DFC”)

    Citibank

    Cortland Capital Markets Services LLC

    Credit Agricole

    Mizuho Bank

    PIMCO

    Siemens

    SMBC

    Standard Chartered Bank

    Natixis

    Work highlights

    • Advised Compañía Latinoamericana de Infraestructura & Servicios S.A. on the successful restructuring of its senior secured and unsecured notes, with an approximate value of $302m and $29m respectively.
    • Advised an Ad Hoc Committee of Holders of Notes Issued by Voyager Aviation Holdings, LLC in relation to its existing unsecured senior notes, with an approximate value of $415m.
    • Advised multiple aircraft lessors and finance parties in connection with the ongoing pre-arranged chapter 11 proceeding of Philippine Airlines.

    Dentons

    Dentons has a full service offering, advising on cross-border matters in a range of sectors including healthcare, agriculture, telecommunications and aviation. Its expertise extends into the handling of reorganization and creditor’s right representation. Robert Richards leads the practice and is based in the Chicago office. Brian Greer departed in September 2021, while Chapter 11 and insolvency litigation specialist Andrew Helman joined the practice from Murray Plumb & Murray in March 2021.

    Practice head(s):

    Robert Richards

    Other key lawyers:

    Samuel Maizel; James Irving; Tania Moyron; Andrew Helman; Lauren Macksoud; Geoffrey Miller; Sam Alberts; Tania Moyron

    Testimonials

    ‘Sam Alberts is a first rate litigator in bankruptcy with a practical approach to maximize his clients’ interests. He and his team have been among the top practitioners in maritime bankruptcies I have been involved with.’

    ‘Sam Alberts: prompt; responsive; diligent; tireless advocate for his clients.’

    ‘Deep knowledge of chapter 11 processes from a legal and practical perspective. Pragmatic approach and well connected team among other firm practitioners involved in these complex processes.’

    ‘Sam Alberts provides hands on and thorough dedication to the cases. He has an excellent network of partners in other firms which is key for negotiations and navigating these complex and fluid processes.’

    ‘Our team at Dentons is extremely knowledgeable about bankruptcy proceedings, particularly the idiosyncrasies of the system in our area. They know the parties involved, how to navigate the system, and are extremely helpful in setting our strategy.’

    ‘Tania Moyron is very knowledgeable, talented and tactical. When combined with the knowledge and experience of her partner, Sam Maizel, they are a formidable team. The support organization behind Tania and Sam is also very conscientious and professional.’

    ‘Dentons has a talented and diverse group of restructuring professionals throughout the country. It is innovative in terms of finding talent regardless of location and incorporating them into the firm structure.’

    ‘Healthcare experience is top notch.’

    Key clients

    Agspring Mississippi Region LLC and four affiliated companies

    Verity Health System of California, Inc. and 17 related entities (“Verity”)

    Rayburn Country Electric Cooperative

    Sturm, Ruger & Company Inc.

    OMP/NSF Malta Limited

    Astria Health

    RSG Group

    GenCanna Global USA, Inc. et al.

    Ohana Real Estate Investors LLC

    Travelers Indemnity Company

    Work highlights

    • Represented Verity Health Systems of California, Inc. and 16 related entities in its chapter 11 cases with an approximate debt value of $1.4bn.
    • Represented Official Committee of Unsecured Creditors in In re Bear Communications in its chapter 11 case.
    • Represented Rayburn Country Electric Cooperative in its efforts to resolve hundreds of millions of dollars in claims by ERCOT against Rayburn through in or out of court means in connection with Winter Storm Uri earlier this year and the resulting Texas power crisis.

    Goodwin

    Goodwin provides clients with a one-stop-shop, advising on the full spectrum of restructuring matters including insolvency litigation, creditors’ right litigation, out-of-court restructurings, bankruptcy proceedings and intercreditor disputes. It advises borrowers, lenders, acquirers and committees of creditors across the globe. The practice is led from New York by Michael Goldstein , who has a breadth of restructuring expertise spanning across sectors such as chemicals, consumer goods, healthcare, retail and technology. The practice saw the departure of Nathan Schultz and Gregory Fox, in addition to the retirement of William Weintraub  during 2021.

    Practice head(s):

    Michael Goldstein

    Other key lawyers:

    Howard Steel; Barry Bazian; Stacy Dasaro

    Testimonials

    Intelligent and practical.’

    ‘Simply put, we have a man of steel on our side.’

     

    Key clients

    Benefit Street Partners

    BNP Paribas

    Fremont Private Holdings

    Mack Real Estate Credit Strategies, L.P.

    MassMutual Life Insurance Company

    Partners Group

    Proteus Digital Health

    Royalty Pharma

    Work highlights

    • Representing Proteus Digital Health, prevailed in obtaining confirmation of the debtor’s proposed chapter 11 plan of liquidation after receiving unanimous acceptance from voting creditors.
    • Represented Fremont Private Holdings in connection with its controlling shareholder and board of director responsibilities arising from its equity holdings in In-Shape Holdings, LLC.
    • Advised RPI 2019 Intermediate Finance Trust (Royalty Pharma) throughout the completion of its purchase of a partial interest in the royalty stream of Orladeyo and BCX9930 from BioCryst Pharmaceuticals, Inc. for a payment of $125m paid at closing.

    Greenberg Traurig LLP

    Greenberg Traurig LLP operates a global practice and is well accustomed to the handling of national, cross-border and international proceedings, particularly within Latin America and Europe. Its expertise extends into the representation of clients in reorganizations, restructurings, workouts, liquidations and distressed acquisitions and sales. Houston’s Shari L. Heyen  and Atlanta-based David Kurzweil co-chair the practice, which welcomed the arrival of Boston-based commercial restructuring expert Chip Azano as counsel from Dentons.

    Practice head(s):

    Shari L. Heyen; David Kurzweil

    Other key lawyers:

    Nancy Peterman; Ari Newman; Chip Azano

    Key clients

    AAC Holdings, Inc.

    Official Committee of Unsecured Creditors of Washington Prime Group

    Bridgeman Sports and Media LLC

    C&J Energy

    Alan Halperin as Liquidating Trustee of Senior Care Centers, LLC

    Official Committee of Unsecured Creditors of Alpha Entertainment, LLC

    Muji U.S.A. Limited

    Groupo Cinemex, S.A. de C.V.

    Nader Tavakoli, acting solely as Plan Administrator of Cobalt International Energy, Inc. et al.

    Official Committee of Unsecured Creditors of Ryckman Creek Resources, LLC

    Official Committee of Unsecured Creditors in the Chapter 11 Cases of ASAIG LLC and Azetc/Shaffer LLC

    Liquidating Trustee for Buffets, LLC

    Hunton Andrews Kurth LLP

    The practice at Hunton Andrews Kurth LLP provides strategic advice on a vast array of matters, with its team well versed in the handling of both in and out-of-court corporate restructurings, as well as reorganizations. Co-head Timothy Davidson, based in Houston, has particular expertise within pre-bankruptcy workouts and counter-party risks related to mergers, acquisitions and general corporate transactions. Co-head Tyler Brown, based in Richmond, is well equipped to advise both debtor and creditor sides in bankruptcy matters.

    Practice head(s):

    Tyler Brown; Timothy Davidson

    Other key lawyers:

    Joseph Rovira; Justin Paget; Ashley Harper

    Testimonials

    ‘Hunton is a full service firm with exceptional attorneys available to meet virtually any legal need a client may require. Moreover, their availability and responsiveness is unmatched.’

    ‘Hunton invests in understanding their client’s business dealings, which translates into superior legal advice. Moreover, they are consistently available, even at the highest levels of the firm, and are quickly able to provide elite level legal service at a moment’s notice.’

    Key clients

    Limetree Bay Terminals, LLC

    Guitar Center, Inc.

    Apache Corporation

    J. Crew Group, Inc.

    Official Committee of Unsecured Creditors of Buckingham Senior Living Community, Inc.

    Official Committee of Unsecured Creditors of Williamson Memorial Hospital, LLC

    Sundance Energy, Inc.

    MFA Financial, Inc.

    Official Committee of Unsecured Creditors of Intelsat S.A.

    Sumitomo Corporation of Americas

    Sable Permian Resources, LLC

    Superior Energy Services, Inc.

    Hi-Crush Inc.

    Proprietary Capital LLC

    Work highlights

    • Represented Limetree Bay Terminals in the bankruptcy proceedings of Limetree Bay Refining, filing in the Southern District of Texas.
    • Represented J. Crew, an American multi-brand, multi-channel, specialty retailer, as co-counsel, in its chapter 11 cases.
    • Represented Apache Corporation in the Fieldwood Energy bankruptcy proceeding filed in the Southern District of Texas.

    McDermott Will & Emery LLP

    McDermott Will & Emery LLP offers a global team, knowledgeable in all aspects of distressed transactions, with key expertise within the bankruptcy and restructuring niches of healthcare and life sciences. Notable representation includes Quorum Health Corporation where it acted as counsel in its pre-packaged Chapter 11 bankruptcy case. The practice is led by Felicia Gerber Perlman. Partners Nathan Coco  and Megan Preusker departed the practice in September 2021, while versatile corporate restructuring transactional advisor Daniel Simon joined the practice in February 2021 from DLA Piper LLP (US). All lawyers mentioned are in New York.

    Practice head(s):

    Felicia Gerber Perlman

    Other key lawyers:

    Bradley Giordano; Jay Kapp; Craig Rasile; Kristin Going; Darren Azman; Charles Gibbs; Marcus Helt; David Hurst; Emily Keil; Jane Gerber; Greg Steinman; Jack Haake; Daniel Simon

    Testimonials

    ‘MWE has talented attorneys throughout their practice and therefore whether negotiating a plan, investigation and litigating issue or managing the creditor group they have the appropriate skill set. In addition they are pragmatic and deal in the possible so they work in an efficient manner.’

    ‘Kristin Going and David Hurst are both outstanding in the field of bankruptcy and restructuring.’

    ‘The MWE restructuring team is experienced and efficient in managing restructuring transactions and related issues. They give practical advice and don’t waste time on inconsequential issues.’

    ‘The partners come from a diverse background having worked with firms that specialize in representing debtors, but with significant creditor side experience as well. This allows them to bring a balanced perspective to the restructuring process, especially in circumstances where they are representing independent directors.’

    ‘Marcus Helt leads a forward thinking and creative group of practical problem solvers.’

    ‘Very strong work ethic and dedication to quality. Good business judgment.’

    ‘The MWE team is very responsive and does an excellent job of proactively breaking down complex issues for clients. They always send an email summary of the issues right after receiving a markup, rather than waiting for us to get on the phone. Great practice.’

    ‘My most recent experience with the McDermott firm was in a large, difficult and financially complex matter. Their work was exceptional in terms of commercial knowledge, case management, legal creativity and efficiency. The firm more broadly, has a wide range of resources to handle a large complex matters.’

    ‘Darren Azman is a very talented lawyer with great case management client relations skills.’

    ‘Under Felicia’s leadership, the team functions seamlessly to achieve the best possible outcome for the client.’

    Key clients

    Ad Hoc Committee of SERP Participants in the LSC Bankruptcy

    Amulet Capital Partners

    Golub Capital

    H.I.G. Capital

    Quorum Health Corporation

    Tema Oil and Gas Company

    UMB Bank, N. A.

    Melinta Therapeutics, Inc. and affiliates (collectively, “Melinta”)

    NinePoint Medical, Inc. (“NinePoint”)

    Official Committee of Unsecured Creditors of Cred Inc. (the “Committee”)

    Denton County Electric Cooperative, Inc. , d/b/a Coserv Electric

    Glendon Todd Capital, LLC

    JW Powerline

    Official Unsecured Creditors Committee of CBL & Associates Properties, Inc. (CBL)

    Official Unsecured Creditors Committee of Entrust Energy, Inc

    Official Unsecured Creditors Committee of Griddy Energy, Inc.

    Pizza Hut, LLC

    MARCUS HELTS MATTERS

    Agera Energy

    American Kennel Club

    Borgers S.A.

    Centric Brands, Inc. Claims Oversight Administrator

    Commonwealth Care Alliance

    Erste Abwicklungsanstalt (EAA)

    Furie Operating Alaska

    Goldman Sachs

    Honeywell International

    Intelsat

    Larrain Vial

    Natixis

    Official Committee of Unsecured Creditors Centric Brands Inc.

    O.W. Bunker Germany

    Patriarch Partners & Lynn Tilton

    Sirius XM

    United Sporting Companies

    Wilmington Trust

    Work highlights

    • Represented Wilmington Trust as trust administrator for the trusts formed to liquidate unsecured claims in the General Motors bankruptcy.
    • Represented Sirius XM as creditor and member of Official Committee of Unsecured Creditors of Hertz Global Holdings, Inc.
    • Represented Pizza Hut in the chapter 11 proceedings of NPC International, Inc. pending the Bankruptcy Court for the Southern District of Texas.

    Reed Smith LLP

    Reed Smith LLP offers clients a global and collaborative practice, utilizing its international offices to provide seamless support on cross-border matters. The firm combines its broad international offering with a broad US-wide presence across key commercial centers. Kurt Gwynne heads the practice, operating from both the Wilmington and New York offices. Eric Schaffer and Claudia Springer departed the practice in June 2021 and May 2021 respectively.

    Practice head(s):

    Kurt Gwynne

    Other key lawyers:

    Peter Clark; Aaron Javian; Matthew Tashman; Michele Ross; Adam Solowsky; Omar Alaniz; Luke Sizemore; Paul Singer

    Testimonials

    ‘The firm has been superb, well-organized, efficient, highly communicative and very effective. They have managed a large team of professionals from different firms with exceptional skill, in addition to performing their own work at an exceptionally high level.’

    ‘Paul Singer: his knowledge and experience makes him an extraordinary lawyer in all respects. He has deep technical knowledge, great insights and judgment, and commands respect throughout the legal profession. We could have better counsel.’

    ‘Luke Sizemore and Kurt Gwynne: they are both great lawyers, have performed work of uniformly high quality and are an indispensable part of the senior team.’

    ‘They law firm partners and associates are very diligent and proactive. They put effort in the details of complex transaction.’

    ‘The fact that they are bilingual gives them an advantage.’

    WilmerHale

    The practice at WilmerHale places particular focus upon bankruptcy litigation and related contentious matters, representing an array of clients both in and out-of-court. Key clients include international names in aviation, financial services, and entertainment. Phillip Anker regularly advises secured and unsecured creditors, noteholders, indenture trustees and Chapter 11 trustees, and co-heads the practice alongside Andrew Goldman, whose expertise lies within financial and corporate restructuring, with both noted experts within bankruptcy litigation. All lawyers mentioned are in New York.

    Practice head(s):

    Philip Anker; Andrew Goldman

    Other key lawyers:

    Danielle Spinelli; George Shuster; Benjamin Loveland; Isley Gostin; Joe Millar

    Testimonials

    ‘Andrew Goldman is very smart, very practical and incredibly responsive. He’s absolutely first rate.’

    Key clients

    Barclays Bank

    Blue Apron

    City of Chicago

    Comcast Cable Communications

    Continental Casualty Company

    Cross Sound Management LLC

    Diamond Sports Group

    Edward Lampert/ESL Investments

    Eldridge Industries

    Global Loan Agency Services (GLAS)

    The Hartford Financial Services Group, Inc.

    PPL Corporation

    Resurgent Capital Services

    Rio Tinto

    Susquehanna Investment Group

    The Walt Disney Company

    Wilmington Savings Fund Society

    Work highlights

    • Represented Diamond Sports Group, a subsidiary of Sinclair Broadcast Group, in the largest non-mass tort restructuring currently in the United States.
    • Represented City of Chicago, in City of Chicago v. Fulton before the US Supreme Court.
    • Represented The Hartford in a mass tort Chapter 11 case.