Bankruptcy & Corporate Reorganization
The current financial landscape presents legal challenges unrivaled in scope and complexity to businesses in every industry. Our Bankruptcy & Corporate Reorganization Department helps companies, creditors and investors facing rapid market and regulatory transformation respond to these challenges with comprehensive and innovative bankruptcy and reorganization strategies. Our practice has been a critical advisor in almost every major headline grabbing restructuring over the past several years.
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.
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.
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.
Paul, Weiss announced that Paul M. Basta joined the firm as co-chair of the Bankruptcy & Corporate Reorganization Department, resident in the New York office.
Paul, Weiss advised an ad hoc committee of creditors in connection with the successful reorganization of Pacific Drilling S.A. pursuant to a chapter 11 plan.
The American Lawyer honored Paul, Weiss for two transactions at its 2015 Global Legal Awards: "Global M&A Deal of the Year: Canada" for Burger King's merger with Tim Hortons, and "Global Finance Deal of the Year: Restructuring (U.S.)" for its work for Capital Research on the NII Holdings restructuring.