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Dechert LLP

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Allan S. Brilliant

Work +1 212 698 3600
Dechert LLP

Work Department

Financial Restructuring


Allan S. Brilliant, co-chair of the firm’s financial restructuring practice, represents bank groups, unsecured creditors’ and bondholder committees, acquirers, and debtors in large-scale restructurings and reorganizations and in non-judicial workouts throughout the United States. Mr. Brilliant also has significant experience advising bondholders on cross-border restructurings and reorganizations around the world, with an especially strong track record in Latin America.

He also has significant experience in bankruptcy litigation, particularly in fraudulent transfer and preference litigation, contested confirmation hearings, and bankruptcy appeals.


Northwestern University Pritzker School of Law, J.D., 1986, with Honors, Order of the Coif; The Wharton School, University of Pennsylvania, B.S., 1982, cum laude

Latin America: International firms

Banking and finance

Within: Banking and finance

Dechert LLP continues to be at the forefront of cross-border insolvencies and restructurings in Latin America, most notably in Brazil. The ‘excellent’, ‘top notch’ team is ‘very experienced’, ‘plugged in 24/7’, ‘focused’ and ‘commercially minded’. Moreover, the firm’s international platform ‘allows it to build multi-disciplinary and geographically focused deal teams’ and it has ‘good quality staff below partner level’. Recent work saw the team advise the international bondholder committee on the restructuring of major Brazilian telecom company, Oi; and it also assisted the ad hoc group with the potential restructuring of Samarco Mineração. In another notable engagement, it continues to advise Peaje Investments as the largest holder of unwrapped special revenue bonds (issued by the Puerto Rico Highways & Transportation Authority), in connection with the Commonwealth of Puerto Rico’s debt restructuring. Allan Brilliant is co-chair of the firm’s financial restructuring practice and has deep experience in advising bondholders in Latin America restructurings and reorganisations.

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Corporate and M&A

Within: Corporate and M&A

Dechert LLP is noted for headline M&A and restructurings in Latin America. In 2017, it continued to advise GMéxico Transportes (GMXT) on its $2.1bn acquisition of Florida East Coast Railway Corp from Fortress Investment Corp, and in another outbound deal, also represented Cinemex Holdings USA on its acquisition of Cobb Theaters in the South East of the US; Cinemex is headquartered in Mexico City. New York partner Howard Kleinman has an outstanding record in Latin America M&A and is supported by Bernardo Piereck. Allan Brilliant is a leading figure in Latin America restructurings.

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United States: Finance

Restructuring (including bankruptcy): corporate

Within: Restructuring (including bankruptcy): corporate

The ‘top-notchDechert LLP is known for its international expertise and ‘seasoned professionals with vast restructuring and bankruptcy experience’. The firm ‘excels particularly in contentious, litigation-driven matters, as well as cross-border restructurings’. The ‘highly effectiveAllan Brilliant is ‘a go-to for creditors in contentious corporate restructurings, particularly in Latin America’. He leads the practice from New York alongside Michael Sage, who is representing the ad hoc holders of first lien notes issued by Momentive Performance Materials and BOKF, as first lien trustee, in relation to the Chapter 11 of Momentive and certain of its affiliates. The team is also acting for the international bondholder committee in the restructuring of Brazilian telecoms giant Oi and its subsidiaries; the committee agreed to the terms of a Brazilian restructuring plan, under which it converted its debt to shares of the company and committed to backstop a R$3bn rights offering.

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