The bankruptcy and restructuring team at Herbert Smith Freehills Kramer is skilled at representing financial creditors such as bondholders and holders of unsecured debt/claims in restructurings. Key attorneys in the team include Kenneth Eckstein and Thomas Mayer, who played prominent roles in complex bankruptcy cases, often involving in-and out-of-court restructurings, and have represented territories such as Puerto Rico in insolvency proceedings. The firm has handled bankruptcy trials and appeals and has found success in litigation and defending discovery disputes, with co-chair Amy Caton offering vast experience in representing parties in large and complex bankruptcies. Rachel Ringer has represented clients across a diverse range of industries including health care, alongside having represented the official creditors’ committee of the Boy Scouts of America. Jennifer R. Sharret is noted for her involvement in multifaceted bankruptcies and restructurings in the energy and automotive industries. All lawyers mentioned are based in New York.
Legal 500 Editorial commentary

Accolades

Client satisfaction

Key clients

  • Endo Pharmaceuticals Creditors’ Committee
  • Diamond Sports First Lien Lenders
  • Ad Hoc Committee in connection with Purdue Pharma LP’s bankruptcy
  • GenesisCare Creditors’ Committee
  • Ad Hoc Group of Puerto Rico Electric Power Authority (PREPA) Bondholders and other Puerto Rico bondholders
  • Cornell Capital, as equity sponsor of Instant Brands
  • AES Puerto Rico Bondholder Group
  • Parent Ad Hoc Group of Unsecured Creditors of LATAM Airlines
  • UMB Bank, as trustee for tax-exempt private activity “Green Bonds” that financed the Fulcrum Sierra renewable fuel project in Storey County, NV
  • Stanadyne Creditors’ Committee

Work highlights

  • Selected as counsel to represent the 7-member official creditors committee in the bankruptcy case of Endo International plc. Burdened by more than $8 billion in debt and facing thousands of lawsuits over its alleged role in the U.S. opioid epidemic.
  • Served as lead bankruptcy counsel to a group of funds holding over a majority of the approximately $630 million first lien loans against Diamond Sports Group.
  • Represented the Ad Hoc Committee (AHC) of 10 state attorneys general, six municipalities, the Plaintiffs Executive Committee in the multidistrict litigation and a federally recognized Native American Tribe in the bankruptcy cases of Purdue Pharma.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Kenneth Eckstein

Next generation partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Rachel Ringer

Practice head

Kenneth Eckstein; Thomas Mayer

Other key lawyers

Amy Caton; Rachel Ringer; Jennifer Sharret