Orrick, Herrington & Sutcliffe LLP has a background in international sovereign debt and domestic municipal restructurings. It is further noted for its public finance expertise, including debtor-in-possession (DIP) financings. The firm has an extensive record in representing creditors including creditor and bondholder committees, along with debtors such as the City of Stockton, California. San Francisco-based Marc Levinson represented the City of Stockton in its Chapter 9 case and has advised a series of Californian municipalities in bankruptcy matters. New York’s Lorraine McGowen is noted for representing bondholder committees and advised a bondholder committee on the restructuring of $675m of Suriname’s government debt. Washington DC-based Thomas Laryea is a former assistant general counsel at the International Monetary Fund and has background in sovereign debt restructurings.  
Legal 500 Editorial commentary

Key clients

  • Venezuela Creditor Committee
  • Suriname Bondholder Committee
  • Steering Committee of the Ghana Eurobond Holders
  • Trails End United for Change
  • City of Stockton, California
  • Beverly Community Hospital Association (d/b/a Beverly Hospital)
  • California Health Facilities Finance Authority

Work highlights

  • Represented the bondholder committee in the restructuring of $850m of Suriname government bonds.
  • Advised the steering committee of the Ghana Eurobond Holders with respect to the restructuring of debt issued by the Republic of Ghana.
  • Advised the bondholders on a sovereign debt restructuring for Venezuela, which has amassed about $150bn billion in public debt.

Lawyers

Hall of fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Marc Levinson

Leading partners

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

Thomas Laryea
Lorraine McGowen

Practice head

Raniero D’Aversa

Other key lawyers

Marc Levinson; Lorraine McGowen; Thomas Laryea