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 and Lauren Shumejda Co-Author Chapter in GRR’s Restructuring Review of the Americas
December 21, 2018
Bankruptcy partner Brian Hermann and counsel Lauren Shumejda co-authored the chapter, “U.S.: New Strategies for Getting Paid: Recent Investment Fund Activity in Chapter 11,” in the 2019 edition of the Global Restructuring Review (GRR) Special Report, “The Restructuring Review of the Americas.”
An extract from GRR’s “The Restructuring Review of the Americas 2019”, first published in December 2018. The whole publication is available at: https://globalrestructuringreview.com/edition/1001275/the-restructuring-review-of-the-americas-2019
Events & Publications
Kelley Cornish Featured in LEADERS Magazine
- Jan 01, 2021
- Publications
Kelley Cornish Featured in LEADERS Magazine
Restructuring partner Kelley Cornish was featured in a Q&A in LEADERS magazine’s January 2021 issue.
Elizabeth McColm and Brian Bolin Author Investment Fund Chapter in Americas Restructuring Review 2021
- Dec 15, 2020
- Publications
Elizabeth McColm and Brian Bolin Author Investment Fund Chapter in Americas Restructuring Review 2021
Restructuring partners Elizabeth McColm and Brian Bolin co-authored the “Investment Fund Activity in Chapter 11” chapter in Americas Restructuring Review 2021, published by Global Restructuring Review.
Paul, Weiss Announces Election of Seven New Partners
- Dec 14, 2020
- Firm News
Paul, Weiss Announces Election of Seven New Partners
Brian Bolin, Victoria Forrester, Jarrett Hoffman, Danielle Penhall, Cullen Sinclair, John Weber and Adam Wollstein have been elected to the partnership, effective Jan. 1, 2021.
Andrew Parlen Quoted in Article on Current Trends in the Credit Cycle
- Dec 04, 2020
- Publications
Andrew Parlen Quoted in Article on Current Trends in the Credit Cycle
Corporate partner Andrew Parlen was quoted in an article, “What to Make of the Credit Cycle: Pros Say,” in the December 2 issue of the PETITION newsletter.
Alan Kornberg and Claudia Tobler Co-Author the U.S. Chapter in Getting the Deal Through
- Nov 25, 2020
- Publications
Alan Kornberg and Claudia Tobler Co-Author the U.S. Chapter in Getting the Deal Through
Restructuring partner Alan Kornberg and counsel Claudia Tobler co-authored the “United States” chapter of the 2021 edition of Getting the Deal Through – Restructuring & Insolvency, published by Law Business Research Ltd.
“Rough Justice”: The Third Circuit Weighs in on Unfair Discrimination and Enforcement of Subordination Agreements under Cramdown Plans
- Aug 31, 2020
- Publications
“Rough Justice”: The Third Circuit Weighs in on Unfair Discrimination and Enforcement of Subordination Agreements under Cramdown Plans
The Third Circuit recently affirmed confirmation of Tribune Co.’s chapter 11 plan over objections raised by senior noteholders who contended that the plan violated their rights under the Bankruptcy Code by not according them the full…
Andrew Parlen Participates in AIRA Virtual Panel
- Jun 24, 2020
- Events
Andrew Parlen Participates in AIRA Virtual Panel
On June 24, restructuring partner Andrew Parlen participated in a virtual panel, “Navigating the Minefield of Emerging Corporate Governance Issues in Restructurings (Ethics),” as part of the Association of Insolvency &…
ABI Journal: The Sale of Mortgage Loans Free and Clear in a Chapter 11 Plan
- Mar 01, 2020
- Publications
ABI Journal: The Sale of Mortgage Loans Free and Clear in a Chapter 11 Plan
Restructuring partner Robert Britton and associate Karen Zeituni co-authored an article, “The Sale of Mortgage Loans Free and Clear in a Chapter 11 Plan,” in the March 1 issue of the ABI Journal.
UPDATE: Federal Reserve Issues Revised Term Sheets for Main Street Lending Facilities
- Jun 09, 2020
- Publications
UPDATE: Federal Reserve Issues Revised Term Sheets for Main Street Lending Facilities
On June 8, the Fed issued revised term sheets governing the Main Street New Loan Facility, the Main Street Expanded Loan Facility and the Main Street Priority Loan Facility, together with an updated set of frequently asked questions.…
Paul, Weiss Adds Leading Restructuring Partner
- Jun 08, 2020
- Firm News
Paul, Weiss Adds Leading Restructuring Partner
Andrew Parlen has joined the firm as a partner in the Restructuring Department, resident in the New York office.
UPDATE: Federal Reserve Issues Updated Guidance and Publishes Legal Forms and Agreements for Main Street Lending Facilities
- May 29, 2020
- Publications
UPDATE: Federal Reserve Issues Updated Guidance and Publishes Legal Forms and Agreements for Main Street Lending Facilities
The Federal Reserve has issued a number of legal forms and agreements, with accompanying instructions, that must be submitted by eligible borrowers and lenders participating in the Main Street New Loan Facility, Main Street Expanded…
Alan Kornberg and Elizabeth McColm Co-Author the U.S. Chapter in ICLG’s Restructuring & Insolvency 2020 Guide
- May 20, 2020
- Publications
Alan Kornberg and Elizabeth McColm Co-Author the U.S. Chapter in ICLG’s Restructuring & Insolvency 2020 Guide
Restructuring department co-chair Alan Kornberg and restructuring partner Elizabeth McColm co-authored the “United States” chapter of the International Comparative Legal Guide (ICLG) to: Restructuring & Insolvency 2020, published…
UPDATE: Federal Reserve Issues Revised Term Sheets and Guidance for Main Street Lending Facilities, Announces New Main Street Priority Lending Facility
- May 01, 2020
- Publications
UPDATE: Federal Reserve Issues Revised Term Sheets and Guidance for Main Street Lending Facilities, Announces New Main Street Priority Lending Facility
On April 30, the Fed issued revised term sheets for the two previously announced Main Street lending facilities, as well as a term sheet for the new Main Street Priority Loan Facility. The Fed expanded certain criteria for eligible…
Federal Reserve Announces Seven New or Updated Lending Facilities, Including Main Street Lending Facilities
- Apr 10, 2020
- Publications
Federal Reserve Announces Seven New or Updated Lending Facilities, Including Main Street Lending Facilities
The Federal Reserve announced seven lending facilities that will provide up to $2.3 trillion in loans to support the economy. We summarize the new facilities and updates to the terms of the previously announced facilities.
Brian Hermann Quoted in Business Insider on Restructuring Work Related to the Coronavirus Crisis
- Mar 24, 2020
- Publications
Brian Hermann Quoted in Business Insider on Restructuring Work Related to the Coronavirus Crisis
Restructuring partner Brian Hermann was quoted extensively in a recent article in Business Insider about a the increase in restructurings as a result of the coronavirus crisis
Coronavirus Pandemic Portends Heightened Risk of Financial Distress, Potential Changes in Restructuring Market
- Mar 17, 2020
- Publications
Coronavirus Pandemic Portends Heightened Risk of Financial Distress, Potential Changes in Restructuring Market
As the coronavirus pandemic continues to shake global markets, more companies will likely need to restructure to address liquidity constraints, right-size their balance sheets, or implement operational restructurings. Concurrently,…
COVID-19: Debt Buyback Considerations
- Mar 13, 2020
- Publications
COVID-19: Debt Buyback Considerations
As market reaction to the coronavirus outbreak leads to declining trading prices for bank loans and notes, many debt issuers and their private equity sponsors are considering repurchasing their outstanding debt to capture discount. We …
Alan Kornberg and Claudia Tobler Co-Author the U.S. Chapter in Getting the Deal Through
- Mar 03, 2020
- Publications
Alan Kornberg and Claudia Tobler Co-Author the U.S. Chapter in Getting the Deal Through
Bankruptcy partner Alan Kornberg and counsel Claudia Tobler co-authored the “United States” chapter of the 2020 edition of Getting the Deal Through – Restructuring & Insolvency, published by Law Business Research Ltd.
Alice Eaton Speaks at the Las Vegas Bankruptcy Conference
- Feb 26, 2020
- Events
Alice Eaton Speaks at the Las Vegas Bankruptcy Conference
Restructuring partner Alice Eaton will participate in a panel at the American Bankruptcy Institute’s upcoming conference, “VALCON 2020: How to Flex When in Flux.”
Elizabeth McColm to Participate in ABI Restructuring Program
- Feb 26, 2020
- Events
Elizabeth McColm to Participate in ABI Restructuring Program
Restructuring partner Elizabeth McColm will participate in a case study involving a restructuring of a health care provider at the American Bankruptcy Institute’s “2020 Complex Financial Restructuring Program.”
Elizabeth McColm to Speak at Restructuring and Distressed Investing Conference
- Feb 21, 2020
- Events
Elizabeth McColm to Speak at Restructuring and Distressed Investing Conference
Restructuring partner Elizabeth McColm will speak at the 16th Annual Wharton Restructuring and Distressed Investing Conference.
Elizabeth McColm and Brian Bolin Contribute Investment Fund Chapter to Americas Restructuring Review 2020
- Dec 13, 2019
- Publications
Elizabeth McColm and Brian Bolin Contribute Investment Fund Chapter to Americas Restructuring Review 2020
Restructuring partner Elizabeth McColm and counsel Brian Bolin co-authored the “Investment Fund Activity in Chapter 11” chapter in Americas Restructuring Review 2020 published by Global Restructuring Review.
Alice Eaton and Kyle Kimpler to Participate in PLI Program on Recent Developments in Distressed Debt, Restructurings and Workouts
- Jan 30, 2020
- Events
Alice Eaton and Kyle Kimpler to Participate in PLI Program on Recent Developments in Distressed Debt, Restructurings and Workouts
Restructuring partners Alice Eaton and Kyle Kimpler will take part in the Practising Law Institute’s upcoming program, “Recent Developments in Distressed Debt, Restructurings and Workouts 2020.”
Elizabeth McColm to Participate in ABI International Insolvency and Restructuring Symposium
- Nov 14, 2019
- Events
Elizabeth McColm to Participate in ABI International Insolvency and Restructuring Symposium
Bankruptcy partner Elizabeth McColm will speak on a panel at the American Bankruptcy Institute’s 15th International Insolvency & Restructuring Symposium.
Paul Basta to Moderate ABI Panel
- Sep 20, 2019
- Events
Paul Basta to Moderate ABI Panel
Bankruptcy partner Paul Basta will moderate a panel at the American Bankruptcy Institute’s 2019 “Views From the Bench.”
Kelley Cornish Featured in Lawdragon Article
- Aug 11, 2019
- Publications
Kelley Cornish Featured in Lawdragon Article
Bankruptcy partner Kelley Cornish was featured in a Q&A in Lawdragon as part of its “Lawyer Limelight” series.
Alan Kornberg and Elizabeth McColm Contribute USA Chapter to Corporate Recovery & Insolvency Guide
- May 24, 2019
- Publications
Alan Kornberg and Elizabeth McColm Contribute USA Chapter to Corporate Recovery & Insolvency Guide
Bankruptcy partners Alan Kornberg and Elizabeth McColm co-authored the “USA” chapter in the 2019 edition of The International Comparative Legal Guide to Corporate Recovery & Insolvency, published by the Global Legal Group Ltd,…
Alice Eaton to Speak at the New York City Bankruptcy Conference
- May 22, 2019
- Events
Alice Eaton to Speak at the New York City Bankruptcy Conference
Bankruptcy partner Alice Eaton will speak on a panel at the American Bankruptcy Institute’s New York City Bankruptcy Conference.
Supreme Court Reiterates That Rejection of Executory Contract Constitutes Breach
- May 20, 2019
- Publications
Supreme Court Reiterates That Rejection of Executory Contract Constitutes Breach
The U.S. Supreme Court held today in Mission Product Holdings, Inc. v. Tempnology, LLC that a trademark licensee may retain certain rights under a trademark licensing agreement even if the licensor enters bankruptcy and rejects the…
Paul, Weiss Hosts Annual Private Equity General Counsel CLE
- May 15, 2019
- Events
Paul, Weiss Hosts Annual Private Equity General Counsel CLE
Paul, Weiss hosted its Annual Private Equity General Counsel CLE Program.
New York Bankruptcy Court Holds Aircraft Leases’ Liquidated Damages Provisions and Related Guarantees To Be Unenforceable Under New York Law
- Mar 22, 2019
- Publications
New York Bankruptcy Court Holds Aircraft Leases’ Liquidated Damages Provisions and Related Guarantees To Be Unenforceable Under New York Law
In a recent decision arising out of the Republic Airways bankruptcy, Judge Sean Lane of the United States Bankruptcy Court for the Southern District of New York held that the liquidated damages provisions of certain aircraft leases…
Southern District of Texas Upholds Non-Debtor Third-Party Releases Based on Expansive View of Creditor Consent
- Mar 21, 2019
- Publications
Southern District of Texas Upholds Non-Debtor Third-Party Releases Based on Expansive View of Creditor Consent
On February 8, 2019, the United States District Court for the Southern District of Texas, Houston Division, affirmed a Bankruptcy Court order enjoining a claimant from pursuing claims against a debtor’s non-debtor affiliates based…
Elizabeth McColm Participates in ABI’s 2019 Complex Financial Restructuring Program
- Feb 27, 2019
- Events
Elizabeth McColm Participates in ABI’s 2019 Complex Financial Restructuring Program
Bankruptcy partner Elizabeth McColm spoke on a panel at the 2019 Complex Financial Restructuring Program.
Elizabeth McColm to Participate in Wharton Restructuring and Distressed Investing Conference
- Feb 22, 2019
- Events
Elizabeth McColm to Participate in Wharton Restructuring and Distressed Investing Conference
Bankruptcy partner Elizabeth McColm will speak on a panel at the 15th annual Wharton Restructuring and Distressed Investing conference.
Brian Hermann to Participate in Annual ABI Spring Meeting
- Apr 11, 2019
- Events
Brian Hermann to Participate in Annual ABI Spring Meeting
Bankruptcy partner Brian Hermann will speak on a panel at the annual American Bankruptcy Institute Spring Meeting.
Brian Hermann to Speak on PLI Panel on Current Developments in Bankruptcy & Reorganizations
- Apr 22, 2019
- Events
Brian Hermann to Speak on PLI Panel on Current Developments in Bankruptcy & Reorganizations
Bankruptcy partner Brian Hermann will speak on a panel at the Practising Law Institute’s conference on “Bankruptcy & Reorganizations 2019: Current Developments.”
Alan Kornberg and Claudia Tobler Co-Author the U.S. Chapter in Getting the Deal Through
- Jan 23, 2019
- Publications
Alan Kornberg and Claudia Tobler Co-Author the U.S. Chapter in Getting the Deal Through
Bankruptcy partner Alan Kornberg and counsel Claudia Tobler co-authored the “United States” chapter in the 2019 edition of Getting the Deal Through – Restructuring & Insolvency, published by Law Business Research Ltd.
Brian Hermann and Lauren Shumejda Co-Author Chapter in GRR’s Restructuring Review of the Americas
- Dec 21, 2018
- Publications
Brian Hermann and Lauren Shumejda Co-Author Chapter in GRR’s Restructuring Review of the Americas
Bankruptcy partner Brian Hermann and counsel Lauren Shumejda co-authored the chapter, “U.S.: New Strategies for Getting Paid: Recent Investment Fund Activity in Chapter 11,” in the 2019 edition of the Global Restructuring Review (GRR) …
Paul, Weiss Announces Election of New Partners
- Dec 07, 2018
- Firm News
Paul, Weiss Announces Election of New Partners
Paul, Weiss is pleased to announce that the following attorneys have been elected to the partnership, effective January 1, 2019: Justin Anderson, Robert Britton, David Carmona, Harris Fischman, Christopher D. Frey, Matthew B.…
Jacob Adlerstein and Alice Eaton to Participate at PLI Conference on Recent Developments in Distressed Debt, Restructurings and Workouts
- Jan 31, 2019
- Events
Jacob Adlerstein and Alice Eaton to Participate at PLI Conference on Recent Developments in Distressed Debt, Restructurings and Workouts
Bankruptcy partners Jacob Adlerstein and Alice Eaton will speak at the Practising Law Institute’s “Recent Developments in Distressed Debt, Restructurings and Workouts 2019.”
Paul Basta Interviewed by the American Bankruptcy Institute
- Oct 08, 2018
- Videos
Paul Basta Interviewed by the American Bankruptcy Institute
In this video, bankruptcy partner Paul Basta speaks with Sam Gerdano, Executive Director of the American Bankruptcy Institute (ABI), about issues concerning third-party releases.
Divided Third Circuit Panel Affirms Bankruptcy Court’s Reconsideration of $275 Million Termination Fee
- Oct 03, 2018
- Publications
Divided Third Circuit Panel Affirms Bankruptcy Court’s Reconsideration of $275 Million Termination Fee
The United States Court of Appeals for the Third Circuit recently issued a 2–1 decision affirming the ruling of the Bankruptcy Court for the District of Delaware, which reconsidered its prior approval of a $275 million termination fee …
The Financial Crisis 10 Years Later: Lessons Learned
- Sep 15, 2018
- Publications
The Financial Crisis 10 Years Later: Lessons Learned
Ten years after the collapse of Lehman Brothers, market participants and other global companies operate in a markedly changed regulatory enforcement and compliance landscape. This memorandum discusses the legal and business…
Elizabeth McColm to Participate at ABI’s Mid-Level Professional Development Program
- Nov 06, 2018
- Events
Elizabeth McColm to Participate at ABI’s Mid-Level Professional Development Program
Bankruptcy partner Elizabeth McColm will speak on a panel titled “The Next Restructuring Wave” at the American Bankruptcy Institute’s Mid-Level Professional Development Program.
Alan Kornberg Interviewed by INSOL International
- Jul 12, 2018
- Videos
Alan Kornberg Interviewed by INSOL International
Goodmans LLP Partner Brendan O’Neill (PW 2000) interviewed Paul, Weiss Partner Alan Kornberg as part of a series of interviews conducted by INSOL International’s Younger Members. The series covers various high profile cases and topics …
Delaware Bankruptcy Court Finds Anti-Assignment Clauses in Debt Documents Enforceable in Claim Objection Fight with Postpetition Debt Purchaser
- Jul 10, 2018
- Publications
Delaware Bankruptcy Court Finds Anti-Assignment Clauses in Debt Documents Enforceable in Claim Objection Fight with Postpetition Debt Purchaser
On June 20, 2018, Judge Kevin J. Carey of the United States Bankruptcy Court for the District of Delaware sustained an objection to a proof of claim filed by a postpetition debt purchaser premised on anti-assignment clauses contained…
The Ninth Circuit Vacates Bankruptcy Court’s Designation Order, Holding That Purchasing a Subset of Available Claims to Block a Plan, Absent An Ulterior Motive, Does Not Constitute Bad Faith
- Jun 19, 2018
- Publications
The Ninth Circuit Vacates Bankruptcy Court’s Designation Order, Holding That Purchasing a Subset of Available Claims to Block a Plan, Absent An Ulterior Motive, Does Not Constitute Bad Faith
The United States Court of Appeals for the Ninth Circuit recently held that a bankruptcy court may not designate claims for bad faith under section 1126(e) of the Bankruptcy Code (e.g., disregard them for plan voting purposes) merely…
Connecticut Bankruptcy Court Holds That Trademark Licensee Does Not Automatically Lose the Right to Use Trademarks When Debtor-Licensor Rejects License, Siding with Seventh Circuit in Circuit Split
- Jun 18, 2018
- Publications
Connecticut Bankruptcy Court Holds That Trademark Licensee Does Not Automatically Lose the Right to Use Trademarks When Debtor-Licensor Rejects License, Siding with Seventh Circuit in Circuit Split
The United States Bankruptcy Court for the District of Connecticut recently examined a question at the heart of an existing circuit split regarding the consequence of trademark license rejection in bankruptcy: can a trademark licensee …
CGG’s Unprecedented Restructuring in the U.S. and France
- May 31, 2018
- Videos
CGG’s Unprecedented Restructuring in the U.S. and France
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.
Alan Kornberg and Elizabeth McColm Contribute USA Chapter to Corporate Recovery & Insolvency Guide
- Apr 30, 2018
- Publications
Alan Kornberg and Elizabeth McColm Contribute USA Chapter to Corporate Recovery & Insolvency Guide
Bankruptcy partners Alan Kornberg and Elizabeth McColm co-authored the “USA” chapter in the 2018 edition of The International Comparative Legal Guide to Corporate Recovery & Insolvency
Alan Kornberg to Speak on CGG Restructuring at French-American Symposium
- May 18, 2018
- Events
Alan Kornberg to Speak on CGG Restructuring at French-American Symposium
Bankruptcy partner Alan Kornberg will speak at the International Insolvency Institute and France Ameriques Symposium on the financial restructuring of French oil services company CGG.
Supreme Court Holds That Presence of Financial Conduits Does Not Trigger “Safe Harbor” Protection for Securities-Related Transfers Under Section 546(e) of the Bankruptcy Code
- Mar 05, 2018
- Publications
Supreme Court Holds That Presence of Financial Conduits Does Not Trigger “Safe Harbor” Protection for Securities-Related Transfers Under Section 546(e) of the Bankruptcy Code
In its recent decision in Merit Management Group, LP v. FTI Consulting, Inc., the Supreme Court held that transfers in connection with a share purchase agreement between two non-financial institutions were not safe-harbored under…
Kyle Kimpler to Participate at PLI Program on Current Developments in Bankruptcy & Reorganizations
- Apr 25, 2018
- Events
Kyle Kimpler to Participate at PLI Program on Current Developments in Bankruptcy & Reorganizations
Bankruptcy partner Kyle Kimpler will speak on a panel at the Practising Law Institute’s upcoming program on “Bankruptcy & Reorganization 2018: Current Developments.”
Paul, Weiss Hosts Seminar Series on U.S. Legal Developments Affecting Canadian Companies
- Jan 03, 2018
- Events
Paul, Weiss Hosts Seminar Series on U.S. Legal Developments Affecting Canadian Companies
Corporate partners Christopher Cummings, Andrew Forley, Adam Givertz and Ted Maynard, litigation partner Susanna Buergel and bankruptcy partner Alice Eaton participated in Paul, Weiss's annual seminar series, "U.S. Legal Developments…
Elizabeth McColm to Participate at Wharton Restructuring and Distressed Investing Conference
- Feb 23, 2018
- Events
Elizabeth McColm to Participate at Wharton Restructuring and Distressed Investing Conference
Bankruptcy partner Elizabeth McColm will speak on a panel at the 2018 Wharton Restructuring and Distressed Investing conference.
Samuel Lovett Participates at Georgetown Law’s Corporate Symposium
- Feb 09, 2018
- Events
Samuel Lovett Participates at Georgetown Law’s Corporate Symposium
Bankruptcy counsel Samuel Lovett spoke on a panel titled “Corporate Law: It’s not Just M&A!” at Georgetown Law’s Fourth Annual Corporate Symposium.
Ninth Circuit Holds That Joint Plan Covering Multiple Debtors Must Be Approved by Only One Impaired Class Per Plan, Not One Impaired Class Per Debtor
- Feb 12, 2018
- Publications
Ninth Circuit Holds That Joint Plan Covering Multiple Debtors Must Be Approved by Only One Impaired Class Per Plan, Not One Impaired Class Per Debtor
The Court of Appeals for the Ninth Circuit recently held that section 1129(a)(10) of the Bankruptcy Code – a provision which, in effect, prohibits confirmation of a plan unless the plan has been accepted by at least one impaired class …
First Circuit Holds That Trademark Licensee Loses Right to Use Trademarks When Debtor-Licensor Rejects License
- Jan 31, 2018
- Publications
First Circuit Holds That Trademark Licensee Loses Right to Use Trademarks When Debtor-Licensor Rejects License
The United States Court of Appeals for the First Circuit recently held that section 365(n) of the Bankruptcy Code does not apply to trademarks, and that a licensee’s right to use licensed trademarks terminates upon rejection of its…
Jacob Adlerstein to Participate in PLI Seminar on Developments in Distressed Debt, Restructurings and Workouts
- Jan 31, 2018
- Events
Jacob Adlerstein to Participate in PLI Seminar on Developments in Distressed Debt, Restructurings and Workouts
Bankruptcy partner Jacob Adlerstein will speak on a panel at a Practising Law Institute program, Recent Developments in Distressed Debt, Restructurings and Workouts 2018.
Alan Kornberg and Claudia Tobler Co-Author the U.S. Chapter in Getting the Deal Through
- Jan 04, 2018
- Publications
Alan Kornberg and Claudia Tobler Co-Author the U.S. Chapter in Getting the Deal Through
Bankruptcy partner Alan Kornberg and counsel Claudia Tobler co-authored the “United States” chapter in the 2017 edition of Getting the Deal Through – Restructuring & Insolvency, published by Law Business Research Ltd.
Paul, Weiss Announces Election of Five New Partners
- Dec 01, 2017
- Firm News
Paul, Weiss Announces Election of Five New Partners
Paul, Weiss announced that five new partners have been elected to the partnership, effective January 1, 2018: Yahonnes Cleary, Brian S. Grieve, Kyle J. Kimpler, Lindsay B. Parks and Ramy J. Wahbeh.
Paul, Weiss Adds Paul Basta as Bankruptcy Co-Chair
- Oct 24, 2017
- Firm News
Paul, Weiss Adds Paul Basta as Bankruptcy Co-Chair
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.
Delaware Bankruptcy Court Affirms Its Constitutional Authority to Approve Nonconsensual Releases
- Oct 19, 2017
- Publications
Delaware Bankruptcy Court Affirms Its Constitutional Authority to Approve Nonconsensual Releases
Six years after the Supreme Court ruled on Stern v. Marshall, courts continue to grapple with how much the decision curtails the exercise of bankruptcy court jurisdiction. Recently, the U.S. Bankruptcy Court for the District of…
Cases to Watch this Term at the Supreme Court
- Oct 06, 2017
- Publications
Cases to Watch this Term at the Supreme Court
The Supreme Court will address a number of issues important to the business community in the upcoming term, including the scope of the Alien Tort Statute, the validity of arbitration clauses in certain employment agreements, and the…
Alan Kornberg and Elizabeth McColm Co-Author USA Chapter of Corporate Recovery & Insolvency Guide
- Jun 28, 2017
- Publications
Alan Kornberg and Elizabeth McColm Co-Author USA Chapter of Corporate Recovery & Insolvency Guide
Bankruptcy partners Alan Kornberg and Elizabeth McColm co-authored the “USA” chapter in the 2017 edition of The International Comparative Legal Guide to Corporate Recovery & Insolvency, published by the Global Legal Group Ltd,…
Brian Hermann to Participate at PLI’s Bankruptcy & Reorganizations: Current Developments Seminar
- Apr 26, 2017
- Events
Brian Hermann to Participate at PLI’s Bankruptcy & Reorganizations: Current Developments Seminar
Bankruptcy partner Brian Hermann will speak at the Practising Law Institute’s Bankruptcy & Reorganizations 2017: Current Developments seminar.
Alan Kornberg Co-Authors Section of “Debt Restructuring”
- Apr 19, 2017
- Publications
Alan Kornberg Co-Authors Section of “Debt Restructuring”
Bankruptcy partner Alan Kornberg co-authored with Sarah Paterson of the London School of Economics the “Corporate Debt Restructuring” section in the 2016 second edition of “Debt Restructuring,” published by Oxford University Press.
Supreme Court Bars Use of Nonconsensual Priority-Violating Structured Dismissals
- Mar 24, 2017
- Publications
Supreme Court Bars Use of Nonconsensual Priority-Violating Structured Dismissals
In a highly anticipated decision, the Supreme Court recently held that bankruptcy courts cannot approve a “structured dismissal”—a dismissal of a bankruptcy filing that does something other than restoring the pre-petition financial…
Elizabeth McColm to Participate at Annual Wharton Restructuring and Distressed Investing Conference
- Feb 24, 2017
- Events
Elizabeth McColm to Participate at Annual Wharton Restructuring and Distressed Investing Conference
Bankruptcy partner Elizabeth McColm will speak at this year's annual Wharton Restructuring and Distressed Investing Conference.
Alan Kornberg and Claudia Tobler Co-Author U.S. Chapter in Getting the Deal Through
- Feb 10, 2017
- Publications
Alan Kornberg and Claudia Tobler Co-Author U.S. Chapter in Getting the Deal Through
Bankruptcy partner Alan Kornberg and counsel Claudia Tobler co-authored the "United States" chapter in the 2017 edition of Getting the Deal Through - Restructuring & Insolvency, published by Law Business Research Ltd.
Claudia Tobler Examines Environmental Claims and Obligations in Bankruptcy
- Feb 08, 2017
- Events
Claudia Tobler Examines Environmental Claims and Obligations in Bankruptcy
The tension between environmental regulation and bankruptcy law makes environmental liability an issue that must be considered as part of any bankruptcy strategy.
Jacob Adlerstein Featured in Upcoming PLI Panels on Distressed Debt, Restructurings and Workouts
- Feb 01, 2017
- Events
Jacob Adlerstein Featured in Upcoming PLI Panels on Distressed Debt, Restructurings and Workouts
Bankruptcy partner Jacob Adlerstein will speak on three panels at the Practising Law Institute's upcoming seminar, titled "Recent Developments in Distressed Debt, Restructurings and Workouts 2017."
Client Alert: Second Circuit Holds that Trust Indenture Act 316(b) Prohibits Only Non-Consensual Amendments to Core Payment Terms of Bond Indentures
- Jan 18, 2017
- Publications
Client Alert: Second Circuit Holds that Trust Indenture Act 316(b) Prohibits Only Non-Consensual Amendments to Core Payment Terms of Bond Indentures
On January 17, 2017, the Court of Appeals for the Second Circuit issued its long-anticipated opinion in Marblegate Asset Management, LLC v. Education Management Finance Corp., ruling that Section 316(b) of the Trust Indenture…
Alice Eaton to Participate in PLI’s Hot Topics in M&A Seminar
- Oct 13, 2016
- Events
Alice Eaton to Participate in PLI’s Hot Topics in M&A Seminar
Bankruptcy partner Alice Eaton will participate in a panel discussion at the Practising Law Institute's Hot Topics in Mergers & Acquisitions seminar.
Client Alert: The Second Circuit Articulates Standard for Determining Scope of Free and Clear Sale Provision and Highlights Procedural Due Process Concerns That Bear on Enforcement
- Jul 26, 2016
- Publications
Client Alert: The Second Circuit Articulates Standard for Determining Scope of Free and Clear Sale Provision and Highlights Procedural Due Process Concerns That Bear on Enforcement
The United States Court of Appeals for the Second Circuit recently articulated a standard to determine what claims may be barred against a purchaser of assets "free and clear" of claims pursuant to section 363(f) of the…
Alan Kornberg and Brian Hermann Co-Author USA Chapter of The Strategic View - Corporate Restructuring
- Jun 28, 2016
- Publications
Alan Kornberg and Brian Hermann Co-Author USA Chapter of The Strategic View - Corporate Restructuring
Bankruptcy partners Alan Kornberg and Brian Hermann co-authored the "USA" chapter in the 2016 edition of The Strategic View - Corporate Restructuring, published by the Global Legal Group, Ltd., London.
Alan Kornberg and Elizabeth McColm Co-Author USA Chapter of Corporate Recovery & Insolvency Guide
- Jun 24, 2016
- Publications
Alan Kornberg and Elizabeth McColm Co-Author USA Chapter of Corporate Recovery & Insolvency Guide
Bankruptcy partners Alan Kornberg and Elizabeth McColm co-authored the "USA" chapter in the 2016 edition of The International Comparative Legal Guide to Corporate Recovery & Insolvency, published by the Global Legal Group Ltd,…
Kelley Cornish to Discuss Out-of-Court Restructurings at American Bankruptcy Institute Conference
- May 12, 2016
- Events
Kelley Cornish to Discuss Out-of-Court Restructurings at American Bankruptcy Institute Conference
Bankruptcy partner Kelley Cornish will participate in a panel discussion at the American Bankruptcy Institute's New York City Bankruptcy Conference.
Client Alert: Treasury Issues Inversion Regulations, Proposes Sweeping Changes to Debt/Equity Classification
- Apr 11, 2016
- Publications
Client Alert: Treasury Issues Inversion Regulations, Proposes Sweeping Changes to Debt/Equity Classification
On April 4, 2016, as the most recent step in its ongoing battle against inversion transactions, the U.S. Department of Treasury issued both new temporary and proposed regulations addressing certain inversion and post-inversion…
Client Alert: Second Circuit Rules that Bankruptcy Safe Harbors Preempt Creditors’ State Law Causes of Action
- Apr 05, 2016
- Publications
Client Alert: Second Circuit Rules that Bankruptcy Safe Harbors Preempt Creditors’ State Law Causes of Action
On March 29, 2016, the Second Circuit addressed the breadth and application of the Bankruptcy Code's safe harbor provisions in an opinion that applied to two cases before it.
Alan Kornberg and Brian Hermann Co-Author “USA” Chapter in Corporate Restructuring and Insolvency Guide
- Mar 02, 2016
- Publications
Alan Kornberg and Brian Hermann Co-Author “USA” Chapter in Corporate Restructuring and Insolvency Guide
Bankruptcy partners Alan Kornberg and Brian Hermann co-authored the "USA" chapter in the 2016 edition of The Strategic View - Corporate Restructuring, published by the Global Legal Group.
Alan Kornberg and Claudia Tobler Co-Author U.S. Chapter in Getting the Deal Through
- Feb 11, 2016
- Publications
Alan Kornberg and Claudia Tobler Co-Author U.S. Chapter in Getting the Deal Through
Bankruptcy partner Alan Kornberg and counsel Claudia Tobler co-authored the "United States" chapter in the 2016 edition of Getting the Deal Through - Restructuring & Insolvency, published by Law Business Research Ltd.
Awards & Recognition
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.
Robert Britton Receives TMA “Transaction of the Year” Award
- Aug 11, 2020
- Awards
Robert Britton Receives TMA “Transaction of the Year” Award
Restructuring partner Robert Britton was honored by the Turnaround Management Association with its 2020 “Transaction of the Year: Large Company” award.
Twelve Paul, Weiss Restructuring Partners Named in Lawdragon’s Top 500
- Aug 24, 2020
- Awards
Twelve Paul, Weiss Restructuring Partners Named in Lawdragon’s Top 500
Twelve Paul, Weiss partners were named in Lawdragon’s inaugural list of “500 Leading U.S. Bankruptcy & Restructuring Lawyers,” which recognizes attorneys with exceptional skills in financing, structuring, litigating and finding…
Paul Basta Named a Top Restructuring Partner by Business Insider
- Apr 06, 2020
- Awards
Paul Basta Named a Top Restructuring Partner by Business Insider
Restructuring partner Paul Basta was recognized in a Business Insider article as one of the top ten restructuring attorneys who will be at the center of the increase in restructuring and bankruptcy work due to the coronavirus crisis.
Bob Schumer and Paul Basta Recognized as “Dealmakers of the Year” by The American Lawyer
- Mar 23, 2020
- Awards
Bob Schumer and Paul Basta Recognized as “Dealmakers of the Year” by The American Lawyer
Corporate partner Bob Schumer and restructuring partner Paul Basta have been named American Lawyer “Dealmakers of the Year.”
Benchmark Litigation Recognizes Paul, Weiss, Ted Wells and Dan Toal With U.S. Awards
- Feb 27, 2020
- Awards
Benchmark Litigation Recognizes Paul, Weiss, Ted Wells and Dan Toal With U.S. Awards
Paul, Weiss has been recognized with several awards as part of Benchmark Litigation’s annual United States awards program, with litigation partner Ted Wells winning individual recognition as “Trial Lawyer of the Year” and receiving a…
Paul Basta Named Law360 Bankruptcy MVP
- Dec 04, 2019
- Awards
Paul Basta Named Law360 Bankruptcy MVP
Restructuring partner Paul Basta has been named a Law360 “Bankruptcy MVP” for his work on some of the largest and most complex Chapter 11 cases over the past year.
Seven Paul, Weiss Partners Named Law360 MVPs
- Nov 12, 2019
- Awards
Seven Paul, Weiss Partners Named Law360 MVPs
Firm chairman Brad Karp and partners Scott Barshay, Paul Basta, Harris Freidus, Lorin Reisner, Rick Rule and Taurie Zeitzer have been honored with Law360 2019 MVP Awards, which recognize an elite slate of attorneys who have…
Brian Hermann and Robert Britton Receive TMA Mid-Size Company Transaction of the Year Award
- Jun 26, 2019
- Awards
Brian Hermann and Robert Britton Receive TMA Mid-Size Company Transaction of the Year Award
Bankruptcy partners Brian Hermann and Robert Britton were honored by the Turnaround Management Association with its 2019 Mid-Size Company Transaction of the Year Award.
Paul, Weiss Recognized as Bankruptcy Law Firm of the Year by Chambers and Partners
- Jun 21, 2019
- Awards
Paul, Weiss Recognized as Bankruptcy Law Firm of the Year by Chambers and Partners
Paul, Weiss has been recognized as Bankruptcy Law Firm of the Year by the Chambers New York Awards program.
Paul, Weiss Partners Receive Law360 Distinguished Writing Award
- Feb 26, 2019
- Awards
Paul, Weiss Partners Receive Law360 Distinguished Writing Award
Firm chairman Brad Karp, corporate partner Mark Bergman and litigation partners Susanna Buergel, Roberto Gonzalez, Jane O’Brien and Elizabeth Sacksteder have been selected to receive the Law360 Distinguished Writing Award at the 2019…
Kelley Cornish and Alice Eaton Receive TMA Turnaround & Transaction of the Year Award
- Sep 10, 2018
- Awards
Kelley Cornish and Alice Eaton Receive TMA Turnaround & Transaction of the Year Award
Bankruptcy partners Kelley Cornish and Alice Eaton received the 2018 “Transaction of the Year: Large Company” award from the Turnaround Management Association.
Paul, Weiss Recognized by M&A Advisor
- May 07, 2018
- Awards
Paul, Weiss Recognized by M&A Advisor
Paul, Weiss was recognized in two categories at the M&A Advisor’s 10th annual International M&A Awards.
Alan Kornberg to Be Honored by UJA Federation of New York
- May 30, 2018
- Awards
Alan Kornberg to Be Honored by UJA Federation of New York
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.
Kelley Cornish to Be Honored by Her Justice
- Apr 20, 2018
- Awards
Kelley Cornish to Be Honored by Her Justice
Her Justice will honor bankruptcy partner Kelley Cornish at its 25th anniversary photography auction and benefit at the Grand Hyatt Ballroom on May 3.
Brian Hermann Recognized as “Dealmaker of the Year” by The American Lawyer
- Mar 27, 2018
- Awards
Brian Hermann Recognized as “Dealmaker of the Year” by The American Lawyer
Bankruptcy partner Brian Hermann has been named an American Lawyer “Dealmaker of the Year.”
Kelley Cornish Named IWIRC’s 2017 Woman of the Year in Restructuring
- Nov 15, 2017
- Awards
Kelley Cornish Named IWIRC’s 2017 Woman of the Year in Restructuring
The International Women’s Insolvency and Restructuring Confederation (IWIRC) has named Kelley Cornish as its 2017 “Woman of the Year in Restructuring.”
Paul, Weiss Recognized at The American Lawyer Global Legal Awards
- Jul 20, 2017
- Awards
Paul, Weiss Recognized at The American Lawyer Global Legal Awards
Paul, Weiss was recognized for its work on the “Global Finance Deal of the Year: Insolvency and Restructuring (U.K.)” at The American Lawyer’s fifth annual Global Legal Awards.
Alice Eaton and Andrew Rosenberg Receive TMA Turnaround & Transaction of the Year Awards
- Sep 28, 2016
- Awards
Alice Eaton and Andrew Rosenberg Receive TMA Turnaround & Transaction of the Year Awards
Bankruptcy partners Alice Eaton and Andrew Rosenberg were honored by the Turnaround Management Association with 2016 Turnaround & Transaction of the Year Awards.
Paul, Weiss Recognized in Two Categories at Am Law’s Global Legal Awards
- Jul 18, 2016
- Awards
Paul, Weiss Recognized in Two Categories at Am Law’s Global Legal Awards
Paul, Weiss was recognized in two categories at The American Lawyer's fourth annual Global Legal Awards.
Chuck Davidow and Alan Kornberg Selected as Finalists for Transatlantic Legal Awards
- May 10, 2016
- Awards
Chuck Davidow and Alan Kornberg Selected as Finalists for Transatlantic Legal Awards
Litigation partner Chuck Davidow and bankruptcy partner Alan Kornberg were named as finalists in The American Lawyer's annual Transatlantic Legal Awards.
Paul, Weiss Ranked Among Top Counsel to Creditors in the Energy Sector
- Apr 25, 2016
- Awards
Paul, Weiss Ranked Among Top Counsel to Creditors in the Energy Sector
Paul, Weiss was ranked third among the top firms in The Deal's Out-of-Court Restructuring League Tables, based on distressed companies that have announced financial restructurings for the first quarter of 2016.