Bankruptcy & Corporate Reorganization
The Paul, Weiss Bankruptcy & Corporate Reorganization Department serves as a critical advisor in almost every major, complex restructuring matter, helping companies, creditors and investors facing rapid market transformation respond to business challenges with comprehensive and innovative strategies. Diversity of matters and clients, senior-level attention and seamless delivery of multidisciplinary services distinguish the practice.
Paul, Weiss represented independent energy holding company Triangle Petroleum Corporation in its successful pre-packaged chapter 11 restructuring plan.
Paul, Weiss advised Preferred Sands, a leading producer of sand and resin coated proppants, in connection with a comprehensive restructuring transaction that included the restructuring of the Company’s indebtedness of more than $1.5 billion.
U.S. Bankruptcy Judge Robert Drain approved a $5.2 billion sale of Sears’s assets to a new entity owned by ESL Investments, Inc. The transaction includes a limited release of ESL relating to certain litigation claims.
Paul, Weiss advised an ad hoc group of pre- and post-petition secured noteholders in connection with the chapter 11 cases of Toys “R” Us, Inc. and certain subsidiaries.
Paul, Weiss advised Paris-based Geoscience company CGG S.A. in a restructuring that was among the largest in French history and the first-ever successful coordination of a French sauvegarde proceeding with a U.S. chapter 11 case.
Awards & Recognition
Bankruptcy partners Kelley Cornish and Alice Eaton received the 2018 “Transaction of the Year: Large Company” award from the Turnaround Management Association.
Paul, Weiss advised Cumulus Media Inc., one of the United States’ largest radio station networks, in its successful reorganization under chapter 11.
Awards & Recognition
UJA-Federation of New York will honor bankruptcy partner Alan Kornberg with the Professor Lawrence P. King award at the Harvey R. Miller and Leonard M. Rosen Bankruptcy & Reorganization Group Annual Luncheon.