Restructuring
Weil is one of the leading 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 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” by Law360 for ten straight years (2010-2019) and named “Bankruptcy Team of the Year” at the 2018 Chambers USA Awards. The practice is highly ranked across numerous publications including, Chambers, Law360, Legal 500 and IFLR1000, among others.
“By far the most prominent debtor firm in the USA.” — Chambers USA
- Weil has one of the premier restructuring legal practices in Europe. Our European Restructuring practice comprises offices in the U.K., France and Germany, and works closely with the U.S. on regional and cross-border restructurings, as well as those involving Asia. Weil’s work on restructurings and insolvencies, such as syncreon Group’s landmark $1.1bn financial restructuring by English schemes of arrangement with parallel Chapter 15 and CCAA recognition, representing KPMG on the historic administration of MF Global, the multilayered insolvency proceedings for the provisional liquidators of major Private Equity house Abraaj Investment Management Limited in connection with the worldwide issues involved in its collapse, the administrators of Arjowiggins in relation to its management buy-out, senior creditors in relation to the financial restructuring of Digicel, and ARCM in relation to their opposition to Premier Oil Plc’s proposed $2.4bn debt extension 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 7 of the largest bankruptcies filed in the U.S. in 2019. These include acting as debtors’ counsel to PG&E Corporation, Ditech Holdings, EP Energy and Halcon Resources. The Firm also has significant roles in the chapter 11 cases of Sanchez Energy Corporation and Alta Mesa Resources.
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 Weil Restructuring Blog contains developments on the restructuring world from our Restructuring team. The European Restructuring Watch presents views from Weil's European teams.
Key Contacts



See list of lawyers globally
Shortcut Links
Ray C. Schrock, P.C. Named Bankruptcy MVP
Law360 2020
Ray C. Schrock, P.C. Named Lawyer of the Year: Restructuring and Insolvency
IFLR1000 2020
Sears Holdings Corporation Named Deal of the Year: Restructuring and Insolvency
IFLR1000 2020
Ray C. Schrock, P.C. Named Top Restructuring Lawyer
Business Insider 2020
Ray C. Schrock, P.C. Named Dealmaker of the Year
The American Lawyer 2020
Fifteen Weil Partners Named Global Restructuring Leaders
Lawdragon 2020
Gabriel A. Morgan Named Outstanding Young Restructuring Lawyer
Turnarounds & Workouts 2020
Jessica Liou Named One of American Bankruptcy Institute’s 40 Under 40 Honorees
American Bankruptcy Institute 2019
Jacqueline Marcus Named “Equality Trailblazer” for Her Diversity and Inclusion Efforts
The National Law Journal 2019
Marcia Goldstein and Ronit Berkovich Named Dealmakers of the Year
The American Lawyer 2019
Weil's Business Finance & Restructuring Department has won Law360’s “Bankruptcy Group of the Year” for ten straight years (2010-2019), being honored every year since the inception of the awards.
Weil Wins Bankruptcy Team of the Year at the 2018 Chambers USA Awards
Weil’s Business Finance & Restructuring Department’s Co-Chairs, Matt Barr, Gary Holtzer and Ray C. Schrock, P.C., and Business Finance & Restructuring partner Ronit Berkovich, were all named Outstanding Restructuring Lawyers by Turnaround & Workouts (2016-2019).
Gary T. Holtzer, Matt Barr, Ronit Berkovich, and Ray C. Schrock, P.C. Named Bankruptcy MVPs
Law360 2016, 2017, 2018 and 2020 (respectively)
Weil has been ranked Tier 1 in “Restructuring and Insolvency” in the U.S. for the past ten consecutive years.
IFLR1000 2011-2020
Awards and Recognition, Firm News & Announcements, Latest Thinking
Awards and Recognition
- Weil Named 2019 Bankruptcy Practice Group of the Year Award Brief — Law360
- Weil Wins Bankruptcy Team of the Year at the 2018 Chambers USA Awards Award Brief — Chambers USA 2018
- Weil Honored with Three Restructuring Awards by The M&A Advisor in 2018 Award Brief — The M&A Advisor 2018
- Recognized for Successful Restructurings of 2017 in Five Matters Award Brief — Turnarounds & Workouts 2017
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Weil’s Business Finance & Restructuring Department received “Standout” recognition from the Financial Times for its work advising J. Crew in its ground-breaking restructuring.
Award Brief —
Financial Times 2017
Weil’s Business Finance & Restructuring Department received “Standout” recognition from the Financial Times for its work advising J. Crew in its ground-breaking restructuring in 2017. ...
- Weil Wins Two 2018 Turnaround Awards Award Brief — The M&A Advisor 2018
- Weil Ranked Tier 1 in “Restructuring and Insolvency” in U.S. for Eighth Consecutive Year (2011-2018) Award Brief — IFLR1000 2011-2018
- David Griffiths Named 2019 Rising Star for Bankruptcy by Law360 Award Brief — Law360
Firm News & Announcements
- Weil Advises Odeon Group on Securing New Financing Deal Brief — February 24, 2021
- Clare Cottle Named 2020 Restructuring Rising Star in Europe by Euromoney Firm Announcement — February 19, 2021
- Weil Shortlisted For Top 2021 Benchmark Litigation Honors Firm Announcement — February 19, 2021
- Weil Recognized for 2020 Restructuring Successes by Turnarounds & Workouts Firm Announcement — January 27, 2021
- Gary Holtzer Named Among 2020 Outstanding Restructuring Lawyers by Turnarounds & Workouts Firm Announcement — December 28, 2020
Latest Thinking
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Supreme Court Holds That a Non-Debtor Retaining a Debtor’s Property Does Not Exercise Control Over the Property in Violation of the Automatic Stay
Blog Post — Weil Restructuring
— By
Zack Tripp and
Alejandro Bascoy
— January 20, 2021
SCOTUS holds that a non-debtor does not violate the automatic stay by passively retaining estate property lawfully seized before the bankruptcy filing. ...
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Just “Released” by the Third Circuit: In re Millennium Lab Holdings II Key Takeaways
Blog Post — Weil Restructuring
— By
Ronit J. Berkovich and
Michael Akselrad
— December 23, 2019
In In re Millennium Lab Holdings II, Third Circuit upholds constitutionality of bankruptcy courts approving nonconsensual third-party releases in chapter 11 plan. ...