ProfessionalsAlan W. Kornberg

Partner

Tel: +1-212-373-3209
Fax: +1-212-492-0209
akornberg@paulweiss.com

+1-212-373-3209
New York

1285 Avenue of the Americas
New York, NY 10019-6064
Fax: +1-212-492-0209

Education 
Bar Admissions 
Education 
Bar Admissions 

The Paul, Weiss Bankruptcy & Corporate Reorganization Department serves as a critical advisor in almost every major, complex restructuring matter, helping companies, creditors and investors facing rapid market transformation respond to business challenges with comprehensive and innovative strategies. Diversity of matters and clients, senior-level attention and seamless delivery of multidisciplinary services distinguish the practice.

Co-chair of the Bankruptcy and Corporate Reorganization Department, Alan Kornberg handles chapter 11 cases, cross-border insolvency matters, out-of-court restructurings, bankruptcy-related acquisitions and insolvency-sensitive transactions and investments. Alan has represented a diverse range of clients spanning numerous industries in some of the most complex and contentious bankruptcy proceedings in recent years. Some of Alan’s significant cross-border and domestic debtor representations have included advising CGG S.A., Noranda, EnQuest, Quiznos, and Houghton Mifflin Harcourt Publishing Company. Alan also has extensive creditor-side experience, including representing ad hoc debtholder groups in the restructurings of Texas Competitive Electric Holdings Company, Tidewater, Pacific Exploration, and SquareTwo, and agents for lending syndicates to Genco Shipping & Trading Limited. Alan is currently representing the California Public Utilities Commission in the chapter 11 cases of PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company, California’s largest investor-owned public utility and the largest public utility in U.S. history to file for bankruptcy relief. Alan also represented the Commission in PG&E’s previous chapter 11 case, including in related litigation and appeals, from which PG&E emerged in 2003.

Awards and Recognitions

 Recognized as a Band 1 practitioner by Chambers Global, Alan is “praised as ‘a statesman of the Bankruptcy Bar whose senior experience shows in the quality of his work’.” Alan has been ranked by Chambers USA for more than a decade, is recognized as a leading lawyer in corporate restructuring by both The Legal 500 and IFLR1000, and was chosen by his peers for The Best Lawyers in America in bankruptcy and creditor-rights law. He is one of only five practitioners in the country to be recognized as a “Most Highly Regarded Individual” by Who’s Who Legal for restructuring and insolvency.

Alan’s work has consistently received industry recognition. His role as U.S. counsel to EnQuest plc in connection with its $1.8 billion cross-border restructuring was recognized by The American Lawyer’s Global Legal Awards as “Global Finance Deal of the Year: Insolvency and Restructuring (U.K.),” and the previous year, his role as U.S. counsel to the Winding-up Board of Glitnir Bank hf in the former Icelandic bank's chapter 15 case was recognized as “Global Finance Deal of the Year: Private Restructuring.” Alan’s work on the restructuring of Charter Communications was recognized as “Stand Out” (top tier) by the Financial Times’ “US Innovative Lawyers 2010.” In connection with his representation of the California Public Utilities Commission in the Pacific Gas & Electric Company chapter 11 case, The American Lawyer named Alan one of its Dealmakers of the Year in 2003.

Alan is also a prolific writer and speaker on industry topics. He contributes annually, with fellow Paul, Weiss bankruptcy partner Elizabeth McColm, a chapter of the International Comparative Legal Guide (ICLG) To Corporate Recovery and Insolvency. Alan co-authors a similar contribution to the annual Restructuring & Insolvency publication by Getting the Deal Through and to Debt Restructuring published by Oxford University Press. He also co-authored, with fellow Paul, Weiss bankruptcy partner Brian Hermann, the USA” chapter of the inaugural edition of The Strategic ViewCorporate Restructuring, published by the Global Legal Group.

Alan is a Conferee of the National Bankruptcy Conference, a non-profit, non-partisan organization formed in the 1930s to assist Congress in the drafting of major bankruptcy law amendments. He is a Fellow of the American College of Bankruptcy and a member of the International Insolvency Institute. Alan has also served as the Second Circuit Regent of the American College of Bankruptcy and was the Chair of the Committee on Bankruptcy and Corporate Reorganization of the Association of the Bar of the City of New York from 2005 to 2008. He frequently mediates bankruptcy-related disputes and lectures on bankruptcy-related topics for local, national and international organizations.

COMPANY EXPERIENCE

  • Certain subsidiaries of CGG S.A. in their pre-negotiated chapter 11 cases by which the company and its subsidiaries equitized approximately $2 billion of unsecured debt through concurrent restructuring proceedings in France and the United States;
  • Aluminum maker Noranda in its chapter 11 case;
  • U.S. counsel to EnQuest plc, the largest U.K. independent oil producer in the U.K. North Sea, in connection with a restructuring of the company’s approximately $1.8 billion of debt obligations through proceedings in the United Kingdom and the United States;
  • Boart Longyear Limited, a multinational supplier of drilling services, drilling equipment and performance tooling, in its recapitalization by Centerbridge Partners, L.P.;
  • Restaurant franchisor Quiznos in its out-of-court restructuring and recapitalization; and
  • Houghton Mifflin Harcourt Publishing Company and its affiliates in their prepackaged chapter 11 cases involving the restructuring of over $3 billion in debt.

CREDITOR-SIDE EXPERIENCE

  • An ad hoc committee of senior secured noteholders of Tops Holding LLC and Tops Markets II Corporation, a leading upstate New York-based supermarket chain with approximately 170 locations, in Tops’ chapter 11 cases;
  • An unofficial committee of noteholders of Tidewater Inc., a leading provider of offshore service vessels in the global energy industry, in connection with a restructuring of the company’s approximately $2.04 billion of debt pursuant to a prepackaged chapter 11 plan;
  • The ad hoc committee of first lien debtholders of Texas Competitive Electric Holdings Company in the chapter 11 case resulting from the largest leveraged buyout in history;
  • U.S. counsel to the ad hoc committee of senior noteholders of Pacific Exploration and Production, a multinational group of companies with substantial oil and gas holdings in South America, in a restructuring implemented through proceedings in Canada, the U.S. and Colombia;
  • Senior secured lenders to SquareTwo Financial Corporation, a purchaser and manager of charged-off consumer and commercial accounts receivables, in the company’s prepackaged chapter 11 case;
  • The second lien agent in the chapter 11 case of Sabine Oil & Gas Corporation, an oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties onshore in the United States;
  • The senior secured lenders to Australian-based Nine Entertainment Group in the restructuring of more than AUS $2 billion of debt by means of a scheme of arrangement under which the lenders became the principal equity holders of the reorganized company;
  • Silver Point Capital, as DIP and senior prepetition lender agent, in the Hostess Brands chapter 11 case;
  • The senior lenders and chapter 11 plan sponsors of Aliante Casino;
  • Oaktree Capital in:
    • The chapter 11 cases of Excel Maritime and TMT Procurement, international shipping companies; and
    • as lender and plan sponsor in the chapter 11 case of Aleris International, a global producer and seller of aluminum rolled products;
  • Deutsche Bank and Crédit Agricole as agents for lending syndicates to Genco Shipping & Trading Limited, an international ship-owning company, in Genco’s chapter 11 case;
  • The Unofficial Committee of First Lien Noteholders of Exide Technologies, a multinational producer of stored energy products, in Exide’s chapter 11 case; and
  • The Unofficial Committee of Bondholders of Charter Communications in connection with Charter’s unprecedented “reinstatement” plan under chapter 11.

OTHER REPRESENTATIVE EXPERIENCE

  • California Public Utilities Commission (CPUC) in the chapter 11 cases of PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company, California’s largest investor-owned public utility and the largest public utility in U.S. history to file for bankruptcy. Paul, Weiss also represented CPUC in PG&E’s previous bankruptcy proceedings, including related litigation and appeals, from which PG&E emerged in 2003;
  • The Winding-up Board of Glitnir hf in the former Icelandic bank’s chapter 15 case, which recognized and enforced Glitnir’s composition and related transactions under Icelandic law;
  • A state regulatory board in the chapter 11 reorganization of the New York Racing Association; and
  • U.S. counsel to the UK Pensions Regulator.

Alan is the Chairman of the Board of Trustees of Bennington College and also serves on the boards of the NYU School of Law Foundation, the Mount Desert Island Biological Laboratory, the Battery Conservancy, New Music USA and Tectonic Theater Project. He received Catholic Renewals St. Francis Service Award” in 2014 and UJA-Federation of NYs Professor Lawrence P. King Award in 2018.

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