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 50 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. The practice is consistently recognized among the most highly regarded publications globally including, most recently being recognized as “Bankruptcy Team of the Year” by Law360 for 11 straight years (2010-2020), named among the top three firms globally for Cross-Border Restructuring and Insolvency in the 2020 edition of Global Restructuring Review’s GRR 30 and named “Bankruptcy Team of the Year” at the 2018 Chambers USA Awards.

“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 advising ad hoc groups of bondholders in relation to the restructurings of KCA Deutag and Obrascón Huarte Lain, syncreon Group’s landmark $1.1 billion financial restructuring by English schemes of arrangement with parallel Chapter 15 and CCAA recognition, Vallourec in relation to its €3.5 billion debt restructuring, representing KPMG on the historic administration of MF Global, senior creditors in relation to the financial restructuring of Digicel, representing BPI France in relation to Technicolor’s financial restructuring plan, implemented through accelerated financial safeguard proceedings (recognized in the U.S. through Chapter 15 proceedings), and ARCM in relation to Premier Oil Plc’s financial restructuring and subsequent all-share merger with Chrysaor, creating the largest U.K.-listed independent oil and gas producer (Harbour Energy PLC), 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 United States alone, Weil has been involved in some of the most notable and largest bankruptcies filed in the U.S. in 2020. These include acting as debtors’ counsel to CBL & Associates Properties, J.Crew, Fieldwood Energy, Speedcast International, Briggs & Stratton, CEC Entertainment, Skillsoft and 24 Hour Fitness. The Firm also has significant roles in the chapter 11 cases of NorthEast Gas Generation, Jason Industries and Sable Permian Resources.

 

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 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.

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

Matt Barr

Matt Barr

Partner

New York


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

Matt Barr, Gary Holtzer and Ray C. Schrock, P.C. Named Crisis Leadership Trailblazers

The National Law Journal 2021

Candace Arthur and Matthew Goren Named Emerging Leaders

The M&A Advisor 2021

Sunny Singh Named “Rising Star” for Bankruptcy

Legal Media Group’s Expert Guides 2021

Candace Arthur Named "Rising Star" for Bankruptcy

Law360 2021

Candace Arthur Named Outstanding Young Restructuring Lawyer

Turnarounds & Workouts 2021

Ray C. Schrock, P.C. Named 2021 Fellow of The American College of Bankruptcy

David Nigel Griffiths and Sunny Singh Named Emerging Leaders

The M&A Advisor 2020

Candace Arthur Profiled as Top Young Restructuring Lawyer

Bloomberg Law 2020

Sunny Singh Named to American Bankruptcy Institute’s 2020 40 Under 40

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

Three Restructuring Partners Honored with 2020 TMA Turnaround and Transaction of the Year Awards for Their Roles in syncreon’s Financial Restructuring

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

Jessica Liou Named “Rising Star” for Bankruptcy

Law360 2020

Gabriel A. Morgan Named Outstanding Young Restructuring Lawyer

Turnarounds & Workouts 2020

Ronit Berkovich and Ray C. Schrock, P.C. Named Dealmakers of the Year

The American Lawyer 2019 and 2020 (respectively)

Ray C. Schrock, P.C. Named Top Restructuring Lawyer

Business Insider 2020

Weil's Restructuring Department has won Law360’s “Bankruptcy Group of the Year” for 11 straight years (2010-2020), being honored every year since the inception of the awards.

Weil was “Commended” by the Financial Times in 2018 for successfully advising Takata in its chapter 11, including addressing simultaneous bankruptcy proceedings in the United States and Japan.

Weil Wins Bankruptcy Team of the Year at the 2018 Chambers USA Awards

Weil’s Restructuring Department’s Co-Chairs, Matt Barr, Gary Holtzer and Ray C. Schrock, P.C., and 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. the past 13 consecutive years.

IFLR1000 2010-2022

Awards and Recognition, Firm News & Announcements, Latest Thinking

Awards and Recognition

View all

Firm News & Announcements

View all

Latest Thinking

View all