Seward & Kissel LLP has a longstanding presence in restructurings and bankruptcies. The largely creditor-side practice has an established record in representing creditors’ committees and indenture trustees in bankruptcies; the team represented Matthew Dundon, in his capacity as the trustee for the Endo GUC Trust, as part of the Chapter 11 plan of reorganization for Endo International and its affiliated debtors. The team often works alongside the firm’s eminent corporate trust practice in major bankruptcies. It is also noted for debtor-in-possession (DIP) loans and acting for plan administrators, and has seen further growth in representing independent directors of special committees. John Ashmead heads the corporate restructuring and bankruptcy group, having specialised in the area for well over two decades. Robert Gayda is the key partner for representing creditors’ committees. Both are based in New York.
Legal 500 Editorial commentary
- Profile
Key clients
- Trustee of the Endo GUC Trust
- Official Committee of Unsecured Creditors in the iSun Bankruptcy
- Barber Lake Development (Litigation Administrator of the Celsius Post-Effective Date Debtors)
- Kepler Group
- JER Investors Trust
- Acquiom Agency Services and Seaport Loan Products
- Wilmington Savings Fund Society
- Patrick J Bartels, Plan Administrator for the Remaining Endo Debtors
- New Last Bottle, Inc.
Work highlights
- Represented the trustee for the Endo International GUC Trust pursuing billion-dollar litigation claims against McKinsey & Company.
- Represented the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy cases of Ultra Safe Nuclear Corporation.
- Represented Wilmington Savings Fund Society as administrative agent and collateral agent for the $13m million debtor-in-possession financing provided to Prosumnus and its debtor affiliate.
Lawyers
Practice head
John Ashmead
Other key lawyers
Robert Gayda