“Excellent team . . . super-responsive and very accomplished lawyers” – The Legal 500
Financial institutions, funds, bondholders and major corporations routinely turn to Chadbourne to help them manage their exposure to financially troubled companies. We have achieved a dependable record of success in helping our clients deal with the very complex judgment calls that go into maximizing creditor recovery in troubled business settings.
Energy Future Holdings Chapter 11
Chadbourne represents NextEra Energy, Inc., one of the largest electric power companies in North America, in its planned acquisition of Energy Future Holdings (EFH) and EFH’s stake in Oncor Electric Delivery Company in a deal worth US$18.7 billion. EFH filed for bankruptcy protection in April 2014 after being saddled with debt in the largest leveraged buyout in US history.
Petrobras Indenture Trustee Representation
Chadbourne represents the Bank of New York Mellon, as indenture trustee, for the potential restructuring of US$50 billion of outstanding bonds of Petrobras, the Brazilian energy giant that became embroiled in a high-profile corruption scandal.
Residential Capital Chapter 11 Examiner
Chadbourne represented former Chief Bankruptcy Judge (SDNY) Arthur Gonzalez as the court-appointed examiner to conduct the massive investigation in the Chapter 11 case of this mortgage lending unit of Ally Financial Inc. Chadbourne conducted a ten-month investigation and wrote a comprehensive 2,200-page report that facilitated a global settlement that provided US$2.1 billion to the estate and resolved disputes between creditors, the estate, the parent companies and numerous third parties.
Howard Seife, global chair of the Firm’s bankruptcy and financial restructuring practice, has represented clients in reorganizations, both domestically and internationally, of retail, technology, energy, insurance, real estate, leasing, textiles, manufacturing, telecommunications and media...