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A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side.
- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)
Revlon Obtains Court Approval for Chapter 11 Plan
Paul, Weiss obtained court approval for longtime client Revlon Inc.’s plan of reorganization under chapter 11.» more
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.» more
Client News & DEVELOPMENTS
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.
AWARDS & RECOGNITIONS
Brian Bolin Named a 2023 “Outstanding Young Restructuring Lawyer” by Turnarounds & Workouts
Restructuring partner Brian Bolin was named as one of Turnarounds & Workouts’ 2023 “Outstanding Young Restructuring Lawyers.”
Paul, Weiss Shortlisted for “Bankruptcy Law Firm of the Year” in 2023 Chambers USA Awards
Paul, Weiss has been shortlisted in the “Bankruptcy Law Firm of the Year” category as part of the 2023 Chambers USA 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.
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.
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
Restructuring partner Alice Eaton was named among Turnarounds & Workouts’ 2022 “Outstanding Restructuring Lawyers.”
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.
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.”
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.
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