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
Brian Hermann Recognized as “Dealmaker of the Year” by The American Lawyer
- Awards
- March 27, 2018
Bankruptcy partner Brian Hermann has been named an American Lawyer “Dealmaker of the Year.” Brian is recognized in the magazine’s April issue for his work representing French oilfield services company CGG SA in its U.S. bankruptcy filing under chapter 11 and coordinating its prebankruptcy negotiations in the U.S. and France. The bankruptcy was among the largest restructurings in French history and the first-ever successful coordination of a French “Sauvegarde” proceeding with a U.S. chapter 11 case.
Events & Publications
District Court Affirms Exide Confirmation Order Finding Third-Party Releases Appropriate and That Plan Satisfies Midlantic Standard for Abandonment of Contaminated Property
- Sep 17, 2021
- Publications
District Court Affirms Exide Confirmation Order Finding Third-Party Releases Appropriate and That Plan Satisfies Midlantic Standard for Abandonment of Contaminated Property
U.S. Supreme Court Declines to Disturb the Fifth Circuit’s Ruling That Coal Miner Retiree Health Benefits Can Be Modified in Bankruptcy
- Aug 12, 2021
- Publications
U.S. Supreme Court Declines to Disturb the Fifth Circuit’s Ruling That Coal Miner Retiree Health Benefits Can Be Modified in Bankruptcy
The U.S. Supreme Court recently denied a certiorari petition filed by certain benefit plan trustees arising out of the chapter 11 bankruptcy of Westmoreland Coal Company.
Delaware Bankruptcy Court Rebuffs U.S. Trustee Effort to Collect Statutory Fees from Litigation Trust Distributions
- Aug 11, 2021
- Publications
Delaware Bankruptcy Court Rebuffs U.S. Trustee Effort to Collect Statutory Fees from Litigation Trust Distributions
The U.S. Bankruptcy Court for the District of Delaware recently denied the U.S. Trustee’s motion to compel payment of $250,000 in statutory fees assessed against litigation trust distributions in the chapter 11 cases of Paragon…
Conflicting Rulings on Applicable Rate of Postpetition Interest Set the Stage for Hertz Post-Confirmation Interest Rate Litigation
- Jul 22, 2021
- Publications
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…
Second Circuit Finds 2017 Fee Increase for Chapter 11 Debtors Unconstitutional, Awards Debtors a Refund
- Jul 16, 2021
- Publications
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…
New York Bankruptcy Court Approves Two Structured Dismissals Post-Jevic
- Jun 24, 2021
- Publications
New York Bankruptcy Court Approves Two Structured Dismissals Post-Jevic
In two recent rulings, the Bankruptcy Court for the Southern District of New York approved the structured dismissals of the chapter 11 cases of the A&P grocery store chain and the Il Mulino family of restaurants. The court…
Southern District of Texas Bankruptcy Court Rules That Indenture Trustees Must Provide a Substantial Contribution in Exchange for Payment of Fees by Estate
- Jun 10, 2021
- Publications
Southern District of Texas Bankruptcy Court Rules That Indenture Trustees Must Provide a Substantial Contribution in Exchange for Payment of Fees by Estate
The U.S. Bankruptcy Court for the Southern District of Texas recently held that indenture trustees must satisfy the “substantial contribution” standard to obtain administrative expense status for their fees and expenses incurred in a…
Bankruptcy Court Orders Dismissal of NRA Chapter 11 Cases
- May 26, 2021
- Publications
Bankruptcy Court Orders Dismissal of NRA Chapter 11 Cases
A Texas federal bankruptcy court recently dismissed the National Rifle Association of America’s chapter 11 cases, finding that the NRA filed for bankruptcy for the purpose of gaining an unfair litigation advantage in the New York…
United States Trustee Challenges Exculpation Provisions in Chapter 11 Plans
- May 21, 2021
- Publications
United States Trustee Challenges Exculpation Provisions in Chapter 11 Plans
The Office of the U.S. Trustee has recently objected to the use and scope of chapter 11 “exculpation” provisions in large restructuring cases across the country. These provisions limit potential liability of a debtor and its key…
Alan Kornberg and Elizabeth McColm Author Chapter in ICLG’s Restructuring & Insolvency 2021 Guide
- May 17, 2021
- Publications
Alan Kornberg and Elizabeth McColm Author Chapter in ICLG’s Restructuring & Insolvency 2021 Guide
Restructuring partners Alan Kornberg and Elizabeth McColm wrote the “USA” chapter of The International Comparative Legal Guide (ICLG) – Restructuring & Insolvency Laws & Regulations 2021, published by the Global Legal Group…
Awards & Recognition
Omid Rahnama Honored With ABA’s 20/20 Partners Rising Young Leader Award
- Sep 16, 2021
- Awards
Omid Rahnama Honored With ABA’s 20/20 Partners Rising Young Leader Award
Restructuring associate Omid Rahnama has received the 20/20 Partners Rising Young Leader Award by the Business Bankruptcy Committee of the American Bar Association Business Law Section.
Six Paul, Weiss Partners Named Law360 MVPs
- Aug 30, 2021
- Awards
Six Paul, Weiss Partners Named Law360 MVPs
Firm chairman Brad Karp and partners Alice Eaton, Jessica Carey, John Kennedy, Kannon Shanmugam and Taurie Zeitzer have been honored with Law360 2021 MVP Awards, which recognize an elite slate of attorneys who have distinguished…
Alan Kornberg Receives New York Law Journal’s “Lifetime Achievement Award”
- Aug 04, 2021
- Awards
Alan Kornberg Receives New York Law Journal’s “Lifetime Achievement Award”
Restructuring partner Alan Kornberg received a “Lifetime Achievement Award” as part of the New York Law Journal’s 2021 New York Legal Awards.
Three Paul, Weiss Partners Recognized by NYLJ Legal Awards
- Aug 05, 2021
- Awards
Three Paul, Weiss Partners Recognized by NYLJ Legal Awards
Three Paul, Weiss partners have been recognized by the New York Law Journal’s New York Legal Awards. Litigation partner Loretta Lynch was named a “Distinguished Leader,” litigation partner Brette Tannenbaum was named a “Rising Star,”…
Kelley Cornish Honored as Notable LGBTQ Leader by Crain’s New York Business
- Jun 09, 2021
- Awards
Kelley Cornish Honored as Notable LGBTQ Leader by Crain’s New York Business
Restructuring partner Kelley Cornish has been named to Crain’s New York Business’s 2021 “Notable LGBTQ Leaders and Executives” list.
Paul, Weiss Recognized by IFLR Americas Awards
- Jun 01, 2021
- Awards
Paul, Weiss Recognized by IFLR Americas Awards
Paul, Weiss was recognized by the IFLR Americas Awards 2021 in the “Restructuring Deal of the Year” category for its role in the restructuring of McDermott International.
Six Paul, Weiss Partners Shortlisted for Euromoney Women in Business Law Awards
- Apr 30, 2021
- Awards
Six Paul, Weiss Partners Shortlisted for Euromoney Women in Business Law Awards
Six Paul, Weiss partners have been shortlisted by Euromoney for the 2021 Women in Business Law America Awards.
The Deal Highlights Paul, Weiss as Leading Adviser to Acquirers in Chapter 11 Cases During COVID-19 Pandemic
- Apr 12, 2021
- Awards
The Deal Highlights Paul, Weiss as Leading Adviser to Acquirers in Chapter 11 Cases During COVID-19 Pandemic
In “Restructuring Insider: Paul Weiss Tops Acquirer Counsels,” The Deal highlighted Paul, Weiss as the leading U.S. adviser to acquirers of distressed assets in chapter 11 cases during the COVID-19 pandemic.
Paul, Weiss Recognized by IFLR Asia-Pacific Awards With Two “Deals of the Year”
- Mar 25, 2021
- Awards
Paul, Weiss Recognized by IFLR Asia-Pacific Awards With Two “Deals of the Year”
Paul, Weiss was recognized by International Financial Law Review’s 2021 Asia-Pacific Awards with a “Private Equity Deal of the Year” and a “Restructuring Deal of the Year.”
Bob Britton Named to ABI’s “40 Under 40”
- Nov 03, 2020
- Awards
Bob Britton Named to ABI’s “40 Under 40”
Restructuring partner Bob Britton was named to the American Bankruptcy Institute’s 2020 “40 Under 40” honorees.