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 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 six of the seven 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. The practice was recognized as “Bankruptcy Team of the Year” at the 2018 Chambers USA Awards for, among numerous achievements, having a key role in 10 of the largest bankruptcies of 2017.
“By far the most prominent debtor firm in the USA.” — Chambers USA
- Weil’s European Restructuring practice comprises offices in France and Germany, 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 has been involved in more than 10 of the largest bankruptcies filed in the U.S. in 2018. These include acting as debtors’ counsel to Sears, Catalina Marketing Corporation, Claire’s Stores, Southeastern Grocers, Tops Holding II Corporation and Fieldwood Energy. The Firm also has significant roles in the chapter 11 cases of iHeart Media and FirstEnergy Solutions Corp.
Broad-Based Experience Advising a Range of Clients
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 extensive 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 lawyers in other practice areas across the Firm to provide clients with comprehensive solutions to complex transactions.
View more information on Weil's areas of experience:
The American Lawyer 2019
Crain’s New York Business 2019
Weil's Business Finance & Restructuring Department has won Law360’s “Bankruptcy Group of the Year” for nine straight years (2010-2018), being honored every year since the inception of the awards.
Weil’s Business Finance & Restructuring Department’s Co-Chairs, Matt Barr, Gary Holtzer and Ray C. Schrock, P.C., were all named Outstanding Restructuring Lawyers by Turnaround & Workouts (2016-2018).
New York Law Journal 2018
Matt Barr and Ronit Berkovich Named Bankruptcy MVPs
Weil has been ranked Tier 1 in “Restructuring and Insolvency” in the U.S. for the past eight consecutive years.