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Bankruptcy and Financial Restructuring
Chadbourne’s bankruptcy and financial restructuring group has an impressive record of achieving successful outcomes for its clients in Chapter 11 cases and corporate restructurings both in the United States and abroad. We are active in all areas of business restructurings and insolvencies, in matters ranging from the largest multinational mega-cases to significant regional businesses. Our group was recently recognized as one of the leading firms in the bankruptcy/restructuring area in Chambers USA - America's Leading Lawyers for Business (2009), noting that "clients turn to the group for its experience and depth of knowledge in restructurings."
Our practice includes:
- Representing U.S. and non-U.S. banks, investment banks, insurance companies, bondholders and funds in dealing with their exposures to financially troubled companies, including leading roles in the Chrysler, Lehman Brothers, Enron, Refco, and Mirant Chapter 11 cases.
- Representation of ad hoc and official creditors’ committees in large and complex Chapter 11 cases and out-of-court restructurings. Major committee representations include Tribune Company, Spiegel, Inc./Eddie Bauer Inc., ACA Financial Guaranty, and Parmalat USA Corp.
- Representation of significant businesses that require financial restructuring.
- Playing a leading role in many of the most significant cases brought under provisions of the Bankruptcy Code governing U.S. proceedings ancillary to foreign administration and liquidation cases. For example, we currently represent the interim receiver appointed in the Russian bankruptcy of Yukos Oil; and have commenced a Chapter 15 in the U.S. on the receiver's behalf.
Our bankruptcy and financial restructuring lawyers have extensive experience in corporate finance, structured finance, leveraged lease transactions, mergers and acquisitions, and in litigation and appellate practice. Members of Chadbourne’s project finance, corporate finance, tax, and litigation groups regularly join our restructuring teams so that we can draw effectively upon the combined resources of our lawyers located around the globe. Our clients have come to rely upon our resourcefulness and poise in the face of overwhelming complexity, and they often engage us for their most challenging matters.
Representative Experience
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Tribune Company Chapter 11 Case
Official Committee of Unsecured Creditors of Tribune Company
Representation of the Official Committee of Unsecured Creditors in the Chapter 11 case relating to the largest employee-owned media conglomerate in the U.S.
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Technical Olympic USA Inc. (TOUSA) Chapter 11
Citicorp North America, Inc. and Citigroup Global Markets Inc.
Representation of administrative agent in debtor-in-possession financing facility for national homebuilder.
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VeraSun Energy Corp. Chapter 11
WestLB, New York Branch
Representation of administrative agent for syndicate of secured lenders to a group of ethanol plants.
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Lehman Brothers Chapter 11
Numerous Financial Institutions and Hedge Funds
Representation of various financial institutions and hedge funds with substantial exposures in the Chapter 11 of this 158-year old global financial institution.
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Out of Court Restructuring
Ad Hoc Committee of ACA Financial Guaranty Corp.
Representation of an ad hoc committee, comprised of the world's largest financial institutions, of counterparties of a major monoline insurance company that has required restructuring because of the sub-prime crisis.
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Chapter 15 Ancillary Proceeding
BluePoint Re Limited
Representation of the Provisional Liquidator in the Chapter 15 proceedings of this monoline insurance company
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[ more representative experience ]
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