Restructuring

Paul, Weiss Advises Ad Hoc Lender Group in Avaya Restructuring

Paul, Weiss represented an ad hoc investor group of first lien lenders in the successful completion of Avaya Holdings Corp.’s prepackaged chapter 11 restructuring.

Paul, Weiss Advises National CineMedia on Chapter 11 Case

Paul, Weiss is advising National CineMedia LLC, the largest movie theater advertising business in North America, in its Chapter 11 cases, filed in the U.S. District Court in the Southern District of Texas, and its related debt restructuring agreements with its lenders.

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).

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.

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.

2022 Restructuring Department Highlights

The Paul, Weiss Restructuring Department continues to be involved in the most notable matters across industries and borders. We possess a thorough knowledge of every aspect of bankruptcy law, coupled with perspectives earned from representing all sides of major restructuring transactions.

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

Restructuring Department Bulletin - May 2023

In the latest issue of the Restructuring Department Bulletin, we highlight the Supreme Court’s unanimous decision holding that Section 363(m) of the Bankruptcy Code is not jurisdictional. We also discuss two Bankruptcy Court decisions from the Southern District of New York, one which held that the “knowledge exception” to Section 546(e)’s safe harbor defense was sufficiently pled to survive dismissal, and the other which found that service of a discovery subpoena on the foreign debtor’s founders via Twitter was adequate.

Elizabeth McColm and Sean Mitchell Author “USA” Chapter in ICLG – Restructuring & Insolvency 2023

Restructuring partners Elizabeth McColm and Sean Mitchell wrote the “USA” chapter in the International Comparative Legal Guide - Restructuring & Insolvency 2023, published by the Global Legal Group Ltd., London.

Paul, Weiss Featured in The American Lawyer for Handling Major Share of 2023 Corporate Bankruptcies

Paul, Weiss was featured in The American Lawyer as one of a handful of Big Law firms cornering a majority of the largest bankruptcies of 2023, in an article published on April 25.

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

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.

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.

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.

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.

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.

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.

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.”

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.

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.

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.