Restructuring
Restructuring
The thing that strikes you the most about Paul, Weiss is the depth of the practice. They just have a large number of senior partners, all of whom are of an outstanding quality.
- Chambers USA, Band 1 for Bankruptcy/Restructuring (Nationwide and NYC) and "Bankruptcy Law Firm of the Year" in 2019
PUBLICATIONS
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Market-Leading Industry Insights
Our team regularly provides clients with updates on key industry developments and consistently contributes to the most well-respected restructuring publications.
» View a complete list of our recent restructuring client memos and publications
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Alice Eaton Discusses Her Restructuring Career Path in Debtwire Profile of Trailblazing Women
Restructuring partner Alice Eaton was featured in a Debtwire Q+A, “ION Analytics’ Spotlight on Trailblazing Women - Part I,” published in honor of International Women’s Day.
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Brian Hermann, Andrew Parlen, Grace Hotz and Alana Page Contribute to FTI Consulting Restructuring Guide
Restructuring partners Brian Hermann and Andrew Parlen, and associates Grace Hotz and Alana Page, co-wrote the “Mediation to Accelerate Resolution and Reduce Cost in Bankruptcy” chapter of FTI Consulting, Inc.’s Navigating Today’s Environment: The Directors’ and Officers’ Guide to Restructuring.
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Jake Adlerstein Authors Two Chapters in Lexology Getting the Deal Through – Restructuring & Insolvency 2023
Restructuring partner Jake Adlerstein wrote the “United States” and “Global Trends” chapters of the latest edition of Lexology Getting the Deal Through – Restructuring & Insolvency, published by Law Business Research Ltd.
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Alan Kornberg and Claudia Tobler Co-Author U.S. Chapter in Lexology Getting the Deal Through – Restructuring & Insolvency
Restructuring partner Alan Kornberg and counsel Claudia Tobler co-wrote the “United States” chapter of the 2023 edition of Lexology Getting the Deal Through – Restructuring & Insolvency, published by Law Business Research Ltd.
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Elizabeth McColm, Brian Bolin and Grace Hotz Discuss Investment Funds’ Impact on U.S. Debt Restructurings in GRR
Restructuring partners Elizabeth McColm and Brian Bolin and associate Grace Hotz published an article on the role private equity and hedge funds have come to play in U.S. debt restructurings in Global Restructuring Review.
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Alan Kornberg Co-Authors Book on Debt Restructuring
Restructuring partner Alan Kornberg contributed three chapters to the third edition of Debt Restructuring, published by Oxford University Press.
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Restructuring Department Bulletin - August 2022
In the latest issue of the Restructuring Department Bulletin, we highlight recent decisions impacting the restructuring arena.
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Ken Ziman Discusses Increase in Corporate Bankruptcies With Bloomberg Law
Bloomberg Law quoted restructuring partner Ken Ziman on the recent uptick in large corporate bankruptcies in its article, “Big Bankruptcies Pile Up as Grab Bag of Stressors Takes Hold.”
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Alan Kornberg and Elizabeth McColm Author USA Chapter in ICLG’s Restructuring & Insolvency Laws & Regulations 2021-2022
Restructuring partners Alan Kornberg and Elizabeth McColm wrote the “USA” chapter in the International Comparative Legal Guide (ICLG) to Restructuring & Insolvency Laws & Regulations 2021-2022, published by the Global Legal Group Ltd., London.
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Alan Kornberg Featured in Global Restructuring Review Profile
Restructuring partner Alan Kornberg was featured in a profile, “Heads-Up: Alan Kornberg at Paul Weiss in New York,” published in Global Restructuring Review.
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Elizabeth McColm and Brian Bolin Publish Chapter in Americas Restructuring Review 2022
Restructuring partners Elizabeth McColm and Brian Bolin, and associate Grace Hotz, co-authored a chapter in Americas Restructuring Review 2022, published by Global Restructuring Review.
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Kelley Cornish Quoted in Bloomberg Law Article
Restructuring partner Kelley Cornish was quoted in a Bloomberg Law article, “Corporate Bankruptcy Wave Turns to Dust, Defying Expectations.”
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Conflicting Rulings on Applicable Rate of Postpetition Interest Set the Stage for Hertz Post-Confirmation Interest Rate Litigation
A bankruptcy judge in Delaware recently confirmed the chapter 11 plan filed by The Hertz Corporation debtors. Just prior to confirmation, the debtors filed a revised plan that proposed to pay unimpaired unsecured creditors postpetition interest at the federal judgment rate, while reserving the right for the unsecured creditors.
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Second Circuit Finds 2017 Fee Increase for Chapter 11 Debtors Unconstitutional, Awards Debtors a Refund
The Second Circuit recently held that a congressionally mandated 2017 increase to the quarterly fees paid by chapter 11 debtors violated the Constitution’s uniformity clause, because it applied only to debtors that filed for bankruptcy in U.S. Trustee Program jurisdictions, but not to those who filed in non-UST Program jurisdictions. The court awarded Clinton Nurseries, Inc. a refund.
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Comprehensive Industry Experience
Our experience spans a diverse array of industries. Learn more about representative engagements here:
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Top-Tier Restructuring Practice
At a high level, working with the firm is great because not only is the restructuring group strong, but the firm in general is excellent, so you know you are well represented.
- Chambers USA » Learn more about our recent awards and recognition
Client News & Insights
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Paul, Weiss Shortlisted for Restructuring “Team of the Year” and “Deal of the Year” in the 2023 IFLR Americas Awards
Paul, Weiss is shortlisted for restructuring “Team of the Year” in the International Financial Law Review's 2023 IFLR Americas Awards.
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Paul, Weiss Advises Diamond Sports Group in $8 Billion Restructuring
Paul, Weiss is advising Diamond Sports Group, the nation’s largest owner of regional sports networks, in its chapter 11 cases filed in the Bankruptcy Court for the Southern District of Texas.
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Paul, Weiss Advises Ad Hoc Lender Group in Avaya Restructuring
Paul, Weiss is advising an ad hoc investor group of first lien lenders in connection with the prepackaged chapter 11 restructuring of Avaya Holdings Corp.
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Fourteen Paul, Weiss Restructuring Matters Appear on Turnarounds & Workouts' Top Restructuring Lists of 2022
Fourteen restructuring matters handled by Paul, Weiss were spotlighted by Turnarounds & Workouts in its annual listing of the past year’s largest and most successful restructurings.
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Crown Eagle Energy Secures Victory in Restructuring Contract Dispute
Paul, Weiss secured a significant victory for Crown Eagle Energy LP, a portfolio company of Blackstone Credit and an owner of oil and gas assets in the Eagle Ford shale in south Texas (known as the Comanche assets), in a long-running contract dispute with a natural gas gathering and processing company stemming from the restructuring of Mesquite Energy, Inc. (formerly known as Sanchez Energy Corporation).
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Kelley Cornish To Receive The M&A Advisor’s 2023 Leadership Award
Restructuring partner Kelley Cornish will be recognized as the 2023 recipient of The M&A Advisor’s “M&A Advisor Leadership Award.”
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Altera Infrastructure Completes Prearranged Bankruptcy
Paul, Weiss advised Brookfield Business Partners L.P. as sponsor in the successful prearranged chapter 11 cases of its portfolio company, Altera Infrastructure, a leading global supplier of infrastructure assets to the offshore energy industry.
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Andrew Parlen Reflects on 2022 Restructuring Trends in Turnarounds & Workouts
Restructuring partner Andrew Parlen discussed the various trends and events affecting restructuring over the past year in the December 2022 issue of Turnarounds & Workouts.
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Alice Eaton Named a 2022 “Outstanding Restructuring Lawyer” by Turnarounds & Workouts
Restructuring partner Alice Eaton was named among Turnarounds & Workouts’ 2022 “Outstanding Restructuring Lawyers.”
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Kelley Cornish to Be Honored by CitizensNYC for Her Work in the Local Community
Restructuring partner Kelley Cornish will be recognized for her efforts to support the local community by nonprofit organization CitizensNYC at its annual fundraising gala, All In for NYC: Evening In Central Park.
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Business Insider Names Paul Basta and Kelley Cornish Among the Nation’s Go-To Restructuring Lawyers
Restructuring partners Paul Basta and Kelley Cornish are featured in a Business Insider article highlighting 16 restructuring attorneys who are the nation’s go-to lawyers amid an expected surge in bankruptcies.
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Paul, Weiss Advises Noteholders Group in Service King Recapitalization
Paul, Weiss is advising an ad hoc group of unsecured noteholders of Service King, a national operator of auto body collision repair facilities, in connection with the company’s recapitalization.
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Kyle Kimpler Named a Turnarounds & Workouts 2022 “Outstanding Young Restructuring Lawyer”
Restructuring partner Kyle Kimpler was recognized among Turnarounds & Workouts’ 2022 “Outstanding Young Restructuring Lawyers.”
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Paul, Weiss Leads DE&I Panel at American College of Bankruptcy Annual Conference; Receives Honorarium for DE&I Efforts
Paul, Weiss led a panel presentation, “The Compelling Business Case for ESG and DEI – Why Adopting Firms Have a Competitive Advantage,” at the American College of Bankruptcy’s annual conference on April 1.
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Kelley Cornish to Assume American College of Bankruptcy Leadership Role; Brian Hermann to Be Inducted to ACB Fellowship
Restructuring partner Kelley Cornish has been nominated to be Second Circuit Regent of the prestigious American College of Bankruptcy’s Board of Regents, and restructuring partner Brian Hermann has been elected an ACB Fellow.
Events & Publications
Alice Eaton Discusses Her Restructuring Career Path in Debtwire Profile of Trailblazing Women
- Mar 08, 2023
- Publications
Alice Eaton Discusses Her Restructuring Career Path in Debtwire Profile of Trailblazing Women
Restructuring partner Alice Eaton was featured in a Debtwire Q+A, “ION Analytics’ Spotlight on Trailblazing Women - Part I,” published in honor of International Women’s Day.
Brian Hermann, Andrew Parlen, Grace Hotz and Alana Page Contribute to FTI Consulting Restructuring Guide
- Mar 08, 2023
- Publications
Brian Hermann, Andrew Parlen, Grace Hotz and Alana Page Contribute to FTI Consulting Restructuring Guide
Restructuring partners Brian Hermann and Andrew Parlen, and associates Grace Hotz and Alana Page, co-wrote the “Mediation to Accelerate Resolution and Reduce Cost in Bankruptcy” chapter of FTI Consulting, Inc.’s Navigating Today’s…
Jake Adlerstein Authors Two Chapters in Lexology Getting the Deal Through – Restructuring & Insolvency 2023
- Mar 07, 2023
- Publications
Jake Adlerstein Authors Two Chapters in Lexology Getting the Deal Through – Restructuring & Insolvency 2023
Restructuring partner Jake Adlerstein wrote the “United States” and “Global Trends” chapters of the latest edition of Lexology Getting the Deal Through – Restructuring & Insolvency, published by Law Business Research Ltd.
Bob Britton to Discuss Use of Chapter 11 for International Companies at Wharton Restructuring & Distressed Investing Conference
- Feb 24, 2023
- Events
Bob Britton to Discuss Use of Chapter 11 for International Companies at Wharton Restructuring & Distressed Investing Conference
Restructuring partner Bob Britton will participate in a panel, “Use of Chapter 11 to Restructure Debt of International Companies,” as part of the Wharton School of the University of Pennsylvania’s Restructuring & Distressed…
Restructuring Department Bulletin - January 2023
- Jan 27, 2023
- Publications
Restructuring Department Bulletin - January 2023
In the latest issue of the Restructuring Department Bulletin, we highlight several recent developments in the restructuring area, including a Fifth Circuit opinion vacating and remanding the bankruptcy court’s refusal to abstain from…
Larry Wee to Speak at PLI Event on Financial Products
- Jan 18, 2023
- Events
Larry Wee to Speak at PLI Event on Financial Products
Corporate partner Larry Wee will participate in a panel, “Financial Product Fundamentals,” as part of the Practising Law Institute’s Understanding Financial Products 2023 program.
Alice Eaton and Sean Mitchell to Speak at PLI Event on Distressed Debt and Restructuring
- Jan 20, 2023
- Events
Alice Eaton and Sean Mitchell to Speak at PLI Event on Distressed Debt and Restructuring
Restructuring partners Alice Eaton and Sean Mitchell will participate in panel discussions as part of Practising Law Institute’s Recent Developments in Distressed Debt, Restructurings, and Workouts 2023 program.
Andrew Parlen Reflects on 2022 Restructuring Trends in Turnarounds & Workouts
- Jan 05, 2023
- Publications
Andrew Parlen Reflects on 2022 Restructuring Trends in Turnarounds & Workouts
Restructuring partner Andrew Parlen discussed the various trends and events affecting restructuring over the past year in the December 2022 issue of Turnarounds & Workouts.
No Chapter 15 Recognition Absent Qualifying “Foreign Proceeding”
- Dec 20, 2022
- Publications
No Chapter 15 Recognition Absent Qualifying “Foreign Proceeding”
The U.S. Bankruptcy Court for the Southern District of New York recently denied recognition of a proceeding pending in the Grand Court of the Cayman Islands, concluding it was not a “foreign proceeding” as defined by Chapter 15 of the …
Elizabeth McColm to Participate in INSOL Asia’s Insolvency in Asia and the Pacific Conference
- Dec 15, 2022
- Events
Elizabeth McColm to Participate in INSOL Asia’s Insolvency in Asia and the Pacific Conference
Restructuring partner Elizabeth McColm will participate in a panel, “Valuation of Assets and Treatment of Claims and Contracts in Insolvency Proceedings,” as part of the Strengthening Insolvency Systems in Asia and the Pacific…
Awards & Recognition
Paul, Weiss Shortlisted for Restructuring “Team of the Year” and “Deal of the Year” in the 2023 IFLR Americas Awards
- Mar 22, 2023
- Awards
Paul, Weiss Shortlisted for Restructuring “Team of the Year” and “Deal of the Year” in the 2023 IFLR Americas Awards
Paul, Weiss is shortlisted for restructuring “Team of the Year” in the International Financial Law Review's 2023 IFLR Americas Awards.
Paul, Weiss Shortlisted for Four 2023 IFLR Europe Awards
- Mar 10, 2023
- Awards
Paul, Weiss Shortlisted for Four 2023 IFLR Europe Awards
Paul, Weiss was shortlisted in four categories in the International Financial Law Review’s 2023 Europe Awards, which recognize the region’s most innovative cross-border work and those behind it.
Fourteen Paul, Weiss Restructuring Matters Appear on Turnarounds & Workouts' Top Restructuring Lists of 2022
- Feb 16, 2023
- Awards
Fourteen Paul, Weiss Restructuring Matters Appear on Turnarounds & Workouts' Top Restructuring Lists of 2022
Fourteen restructuring matters handled by Paul, Weiss were spotlighted by Turnarounds & Workouts in its annual listing of the past year’s largest and most successful restructurings.
Paul, Weiss to Receive Three Awards in The M&A Advisor’s 2023 Turnaround Awards
- Feb 08, 2023
- Awards
Paul, Weiss to Receive Three Awards in The M&A Advisor’s 2023 Turnaround Awards
Paul, Weiss will be recognized by The M&A Advisor in three categories in the publication’s 17th Annual Turnaround Awards.
Kelley Cornish To Receive The M&A Advisor’s 2023 Leadership Award
- Jan 26, 2023
- Awards
Kelley Cornish To Receive The M&A Advisor’s 2023 Leadership Award
Restructuring partner Kelley Cornish will be recognized as the 2023 recipient of The M&A Advisor’s “M&A Advisor Leadership Award.”
Alice Eaton Named a 2022 “Outstanding Restructuring Lawyer” by Turnarounds & Workouts
- Dec 29, 2022
- Awards
Alice Eaton Named a 2022 “Outstanding Restructuring Lawyer” by Turnarounds & Workouts
Restructuring partner Alice Eaton was named among Turnarounds & Workouts’ 2022 “Outstanding Restructuring Lawyers.”
Paul, Weiss Receives 15 Shortlists in The Deal’s 2022 Awards
- Aug 17, 2022
- Awards
Paul, Weiss Receives 15 Shortlists in The Deal’s 2022 Awards
The Deal named Paul, Weiss a finalist 15 times across various categories in The Deal Awards 2022.
Kyle Kimpler Is an American Lawyer “Young Lawyer of the Year” Finalist
- Aug 04, 2022
- Awards
Kyle Kimpler Is an American Lawyer “Young Lawyer of the Year” Finalist
Restructuring partner Kyle Kimpler is a finalist for “Young Lawyer of the Year” (Beyond Practice category) in The American Lawyer’s 2022 Industry Awards.
Paul, Weiss Shortlisted in Six Categories for The American Lawyer’s Industry Awards 2022
- Aug 04, 2022
- Awards
Paul, Weiss Shortlisted in Six Categories for The American Lawyer’s Industry Awards 2022
Paul, Weiss is shortlisted in six categories for The American Lawyer’s 2022 Industry Awards.
Paul, Weiss Wins Three IFLR Americas Awards
- May 19, 2022
- Awards
Paul, Weiss Wins Three IFLR Americas Awards
Paul, Weiss was recognized by the International Financial Law Review’s IFLR Americas Awards 2022 in three categories.