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What the team is known for Standout team of dedicated bankruptcy and restructuring experts commended for its handling of creditor and debtor-side engagements as well as representations of private equity sponsors and distressed companies. Draws on firmwide expertise in areas such as M&A, commercial litigation and tax to provide an impressive full-service practice in domestic and cross-border work. Has handled major cases in the energy, mining, gaming and technology sectors, among others.
Strengths"They are best in class at what they do," reports one client, adding: "They are very innovative, commercial and I trust in their judgment and protection of our interests."
Market sources comment: "Paul, Weiss is a superb firm with terrific people."
According to one interviewee: "They provide excellent service across all facets of a transaction."
Work highlights Represented Preferred Sands in its out-of-court restructuring, involving the renegotiation of $1.5 billion in funded debt.
The "terrific strategist"
Alan Kornberg is a highly regarded practitioner with broad bankruptcy expertise. He offers substantial experience acting for clients in Chapter 11 cases as well ascorporate transactions that arise therefrom. He also serves as cochair of the firm's restructuring department.
Andrew Rosenberg comes recommended for his significant expertise in restructuring matters. He acts for a variety of clients including bondholders, noteholders and creditors. "He is great at bringing together disparate views and trying to achieve cohesion," notes an interviewee, adding: "He is very flexible and knows the right time to use the right approach."
Brian Hermann enjoys a growing reputation in the market for his bankruptcy expertise. He routinely handles Chapter 11 cases and out-of-court restructurings for a variety of clients, including lenders, debtors and noteholders.
Kelley Cornish is described as a "a terrific attorney" with "a great reputation" by peers. She acts for clients including debtors, lenders and boards of directors, with recent experience in the retail and automotive industries. She offers notable expertise in Chapter 11 proceedings.
Cochair of the firm's restructuring department
Paul Basta continues to be a popular choice for high-profile bankruptcy matters. He represents a range of clients, including debtors, lenders and boards of directors. He is adept at handling Chapter 11 proceedings, as well as bankruptcy-related acquisitions.