Proskauer Rose LLP

Bankruptcy/Restructuring Department

New York
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What the team is known for Widely respected practice active on a number of significant out-of-court restructurings and Chapter 11 bankruptcies, while also offering counsel in corporate governance matters. Exhibits additional strength on contentious matters, particularly in relation to fraudulent conveyance litigation. Offers a wealth of experience with creditor representation, and also provides counsel to distressed companies. Also noted for its counsel on multijurisdictional matters, with considerable experience working in Latin America.

Work highlights Acted for the statutory unsecured claimholders’ committee in the Chapter 11 case of Westinghouse Electric Company, a Toshiba subsidiary which filed for bankruptcy with almost $10 billion of estimated debt.

Notable practitioners

Martin Bienenstock is the firm's leading light in the restructuring arena, regularly taking the lead on its most prominent engagements, including its impressive work for the Financial Oversight and Management Board for Puerto Rico in the restructuring of the island's approximately $120 billion of debt. Bienenstock chairs Proskauer's business solutions, governance, restructuring and bankruptcy group and is considered to be a "terrific lawyer" by impressed market sources.