Bankruptcy/Restructuring
USA Guide 2024 : New York
Contact number
+1 212 326 2000About
Provided by O'Melveny & Myers LLP
O'Melveny's restructuring lawyers, many of whom are also experienced litigators, have played a leadership role in a number of the largest and highest profile restructuring matters in recent years, including the ongoing financial restructuring of Puerto Rico with more than US$70 billion of debt and the bankruptcies of Verso, Energy Future Holdings, LINN Energy, Homer City Generation, Colt Defense, Cal Dive International, Peabody Energy, Hancock Fabrics, New Century Financial, Dynegy,General Motors, and Chrysler. Our clients, which include some of the most well known names in finance, turn to O’Melveny in their most challenging times and when the stakes are at their highest.
Our restructuring team has broad experience representing the full panoply of participants in bankruptcies and out-of-court restructurings, including: Debtors in chapter 11 bankruptcies and out-of-court restructurings; Investors in distressed debt; Ad hoc groups of secured and unsecured creditors; Official committees of unsecured creditors; Private equity sponsors and their distressed portfolio companies; Purchasers of distressed assets in section 363 and other distressed M&A transactions; Bank agents and indenture trustees; and Providers of debtor-in-possession or exit financing.
Chambers Review
O'Melveny & Myers LLP is an eminent presence in the bankruptcy and restructuring space, well known for its involvement on significant Chapter 11 restructurings. Has a strong debtor-side practice in addition to representing major lenders. Also possesses strength in advising a broad range of creditors, as well as potential buyers and sellers of distressed assets, and enjoys a fine reputation for its work in the energy sector.
Work Highlights
- O'Melveny & Myers represented the Puerto Rico Electric Power Authority, and the interests of the Government of Puerto Rico, in the restructuring of Puerto Rico’s sole utility under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act.
Strengths
Provided by Chambers
"The O'Melveny team demonstrates very good core bankruptcy skills and outstanding litigators."
"The O'Melveny team demonstrates very good core bankruptcy skills and outstanding litigators."
Notable Practitioners
John Rapisardi chairs the firm's global restructuring practice and is well regarded for his expertise in a wide range of matters. He possesses significant experience in complex bankruptcies with international elements.
"John demonstrates good judgment, which is exactly what you are looking for in big situations."