Business Finance & Restructuring

Weil is one of the leading business finance and restructuring firms in the world, consistently at the forefront of innovative restructurings.  The reason is simple. Weil invented much of what has become standard practice in the restructuring field.  For more than 45 years, Weil has played a pivotal role in defining this field by offering creative, practical, and thoughtful solutions for its clients. 

Notable Representations, Key Contacts

A Go-to Firm for Global Distressed Situations

Weil's global restructuring group comprises more than 100 dedicated lawyers, including a significant number recognized as leaders in their field.

The largest, most complex, and most important restructuring matters in history require a truly international firm that can handle all aspects of the restructuring process in the United States, Europe, Middle East, and Asia. Weil's global restructuring practice has been described as the “gold standard” of bankruptcy practices and as a “restructuring powerhouse.”

  • Weil’s premier U.S. Restructuring practice has been involved in countless international and U.S. restructurings over many decades, with representations ranging from top global corporations in mega-restructurings to middle-market debtors. Weil has served as chief debtors’ counsel in five of the six largest U.S. bankruptcy filings in history and has represented clients in numerous complicated cross-border insolvency and restructuring matters. Today, Weil continues to build upon this legacy with ongoing representations in the oil and gas industry, as well as in the retail and consumer goods sector.

“By far the most prominent debtor firm in the USA.” — Chambers USA

  • Weil’s leading European Restructuring practice comprises offices in the Czech Republic, France, Germany, Hungary, and Poland, with its hub in the United Kingdom. Weil’s work on restructurings, such as advising the Ad Hoc Creditors’ Committee in the Ukrainian sovereign debt restructuring, representing KPMG on the historic administration of MF Global, the multilayered insolvency proceedings for Petroplus, the €2 billion debt restructuring of Mediannuaire, and the financial restructuring of Pfleiderer Group, in addition to numerous others, places Weil at the forefront of the largest restructuring matters in the European market.

“They have an appreciation of what's current in the restructuring market and are very switched-on.” — Chambers Global

  • Weil’s highly regarded Asia Restructuring practice includes lawyers in Beijing, Hong Kong, and Shanghai, with local on-the-ground expertise of matters across the Asian Pacific region. The team includes PRC-, Hong Kong-, U.S.-, and U.K.-qualified lawyers, providing clients with premier Asian and international experience.

“Weil’s clients have praise for the technical ability and business sense that the partners bring to transactions.” — IFLR1000

While many firms may claim to offer an international service, Weil’s fully integrated global platform allows Weil to marshal resources very quickly to provide sound, strategic, commercial, and legal solutions to clients in time-sensitive situations. Weil’s work on some of the most historic restructurings – including General Motors, Parmalat SpA, Lehman Brothers, Kaupthing Bank, American Airlines and MF Global –  demonstrates Weil’s ability to coordinate a diverse team of lawyers across the United States, Europe, and Asia to provide clients with innovative, bespoke solutions to complex cross-border restructurings. Today, Weil continues to play an integral role in high-profile restructurings. In the U.S. alone, Weil is currently involved in nine of the top 20 bankruptcies of 2016, based on asset value. These include four of the five largest: SunEdison, Peabody Energy, SandRidge Energy and Arch Coal.  Others in the top 20 in which the firm is involved are Breitburn Energy, Paragon Offshore, CHC Group, Ultra Petroleum and Aspect Software.

Broad-Based Experience Advising a Range of Clients

Unlike most other large firms, Weil’s broad-based experience also includes numerous creditor representations, representations of purchasers and sellers of distressed assets, and substantial litigation.

Weil’s strengths also lie in Weil’s ability to innovate. Weil works collaboratively with clients to develop and implement novel restructuring solutions and products that are tailor-made for the different groups Weil works with: banks, private equity funds, hedge funds, corporations, boards of directors, and insolvency practitioners.

Comprehensive Scope of Experience

Weil’s experience across multiple industries is unparalleled and spans every critical area of finance and restructuring, including exchange offers, debt for equity swaps, prepackaged and prearranged chapter 11 cases, “conventional” chapter 11 cases, and international insolvencies.

Weil does not believe in a one-size fits all approach. Weil's advice ensures that clients address the complex issues associated with restructuring in the most strategic and beneficial manner possible.  Major restructurings transcend almost all legal disciplines (including bankruptcy/creditors’ rights, tax, financing, securities laws, antitrust, and other regulatory approvals). Weil seamlessly coordinates with specialists across the Firm to provide clients with comprehensive solutions to complex transactions.

Bankruptcy blog app

The Weil Bankruptcy Blog contains developments on the restructuring world from our Business Finance & Restructuring team. The Bankruptcy Blog's comprehensive analysis is widely respected in the industry, and was the only bankruptcy-related blog to be included in the 6th Annual ABA listing of the top 100 legal blogs. The European Restructuring Watch presents views from Weil's European teams.

Key Contacts

Gary Holtzer

Gary T. Holtzer

Partner

New York


Ray Schrock

Ray C. Schrock, P.C.

Partner

New York

See list of lawyers globally

Shortcut Links

New and Noteworthy: Weil is currently advising on nine out of the 20 largest bankruptcies in the U.S., based on asset value, including four of the five largest: SunEdison, Peabody Energy, SandRidge Energy and Arch Coal.

Weil's Business Finance & Restructuring Department has won Law360’s “Bankruptcy Group of the Year” for six straight years, being honored every year since the inception of the awards.

Ray Schrock Named a 2015 Bankruptcy MVP

Law360

It is a testament to the bankruptcy team’s skill that they manage to help even companies with bankruptcy proceedings of record-breaking size and complexity to move on from problems as quickly as possible.”

Law360

Restructuring Team of the Year

Legal Business Awards

Chambers & Partners has noted that Weil is “one of the few teams to undertake insolvency and restructuring work for both creditors and debtors.”

A treasure chest of talent.”

Chambers USA

What is striking about the team’s bankruptcy work is its competence and creativity.”

Chambers USA

Weil has been ranked Tier 1 in “Restructuring and Insolvency” in the U.S. for the past seven consecutive years.

IFLR1000

Consistently Ranked Tier 1 for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law by U.S. News Best Lawyers “Best Law Firms”

Awards and Recognition, Speaking Engagements, Firm News & Announcements, Latest Thinking

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