Biography

Most recently, Jessica was named among the 500 Leading Global Bankruptcy & Restructuring Lawyers by Lawdragon (2020 and 2022). In 2021, she was recognized for her accomplishments leading the landmark chapter 11 restructuring of PG&E Corporation, named “Mega Company Turnaround/Transaction of the Year” by Turnaround Management Association. In 2020 Jessica was named a “Rising Star” in Bankruptcy by Law360. In 2019 she was the recipient of several awards, including being named one of the American Bankruptcy Institute’s 40 Under 40 honorees, Turnarounds & Workouts’ Outstanding Young Restructuring Lawyers and named an “Emerging Leader” by The M&A Advisor.
Jessica is one of the editors of the Weil Restructuring Blog, has served on the Firm’s task force focused on Dodd-Frank financial legislation, and practices pro bono in the areas of family law and criminal appeals, where she successfully argued before the New York State Appellate Division to uphold an order of protection and was part of a team that successfully overturned a death penalty conviction for a mentally impaired defendant after 19 years. She has been recognized for her pro bono contributions by Sanctuary for Families Center for Battered Women’s Legal Services as a recipient of its 2012 Pro Bono Achievement Award.
Currently, Jessica serves on the Bankruptcy & Corporate Reorganization Committee for the New York City Bar Association. Jessica earned her J.D. from Boston College Law School, where she served as a legal writing teaching assistant and articles editor of the Third World Law Journal and was awarded the inaugural Commitment to Change Award. She obtained her B.A. from New York University, where she graduated magna cum laude and was awarded the Albert Gallatin Scholarship and Founder’s Day Award.
Representative Experience
Company-side Experience:
- PG&E Corporation and Pacific Gas and Electric Company, one of the largest combined natural gas and electric energy companies in the United States and the largest utility company in the State of California, in their chapter 11 cases. PG&E has approximately 16,000,000 customers, 24,000 employees and estimated liabilities (including contingent and disputed liabilities) in excess of $50 billion.
- Sears Holdings Corporation and its affiliated debtors, being one of the largest retailers in the world in connection with their chapter 11 cases, which represent one of the largest retail chapter 11 cases in history.
- Catalina Marketing Corporation, a digital media marketing company, in its chapter 11 cases with liabilities in excess of $1.8 billion.
- Fieldwood Energy LLC, a Gulf of Mexico offshore energy exploration and production company, in connection with its chapter 11 cases.
- Westinghouse Electric Company LLC, a globally recognized nuclear power company, in its unprecedented chapter 11 cases involving liabilities in excess of $9 billion.
- Claire’s Stores, Inc., one of the nation’s largest retailers with more than 4,000 owned and franchised locations globally, in its prearranged chapter 11 cases restructuring more than $2 billion in funded debt.
- Basic Energy Services, Inc., one of the nation’s largest oilfield services companies, in their prepackaged restructuring cases involving more than $1.1 billion in funded debt obligations.
- Paragon Offshore plc, an offshore drilling company, in its chapter 11 cases.
- Essar Steel Algoma Inc. and certain of its affiliates, in connection with the restructuring and refinancing of their $1.2 billion capital structure. Essar Steel Algoma is one of the largest integrated steel manufacturers in North America and is a portfolio company of the multi-billion dollar Essar Group Fund Limited.
- Endeavour International Corporation, Texas-based exploration and production company [focused in the Gulf of Mexico and the North Sea], in its sale of its North Sea assets to its existing lenders in connection with a structured dismissal of its chapter 11 cases.
- Extended Stay Inc., the largest owner of mid-priced extended stay hotels, and its debtor affiliates in one of the largest chapter 11 cases in the commercial mortgage-backed securities (“CMBS”) market.
- AES Eastern Energy LP and certain of its affiliates, coal-fired power plants in their chapter 11 cases.
- NTK Holdings and its affiliates, Nortek, in an approximately $1.3 B pre-packaged chapter 11 debt-for-equity recapitalization.
- Hawkeye Renewables LLC, a subsidiary of Hawkeye Energy Holdings LLC, an Iowa –based producer of ethanol and distillers grains, in its pre-packaged chapter 11 bankruptcy case.
- Stone Barn Manhattan LLC, f/k/a Steve & Barry’s Manhattan LLC, a retailer of apparel and accessories with approximately 300 stores in 39 states, in its chapter 11 cases.
- Recycled Paper Greetings, a provider of greeting cards and gift-giving accessories, in its pre-packaged chapter 11 case and sale under its prepackaged chapter 11 plan to American Greetings.
Creditor-side Experience:
- Softbank, as majority equity holder and DIP lender in the chapter 11 cases of Katerra Inc., a provider of new build, construction, and renovation services.
- Brookfield as one of the largest first lien creditors in the chapter 11 cases of Texas Competitive Electric Holdings Company LLC and its debtor affiliates.
- The Export-Import Bank of China as the largest secured creditor in the Baha Mar Ltd. insolvency proceedings.
- Harbinger Capital Partners in the TerreStar Networks Inc. and TerreStar Corporation chapter 11 cases.
Firm News & Announcements, Awards and Recognition, Guides and Resources, Latest Thinking, Speaking Engagements
Firm News & Announcements
- Ten Weil Partners Named Leading U.S. Bankruptcy and Restructuring Leaders by Lawdragon in 2022 Firm Announcement — January 20, 2022
- Three Weil Partners Win 2021 TMA Turnaround and Transaction of the Year Awards Firm Announcement — September 14, 2021
- Fourteen Weil Partners Named Global Restructuring Leaders by Lawdragon in 2020 Firm Announcement — August 20, 2020
- Three Weil Partners Named Law360 Rising Stars in 2020 Firm Announcement — July 29, 2020
Awards and Recognition
- Jessica Liou Named 2020 Rising Star for Bankruptcy by Law360 Award Brief — Law360 2020
- Jessica Liou Named one of American Bankruptcy Institute’s “40 Under 40” honorees Award Brief — American Bankruptcy Institute 2019
- Jessica Liou named 2019 Emerging Leader by The M&A Advisor Award Brief — The M&A Advisor
Latest Thinking
-
Weil Wins Five 2019 Law360 Practice Group of the Year Awards
Blog Post — Weil Restructuring
— By
Ronit J. Berkovich and
Jessica Liou
— January 22, 2020
Weil has won five Law360 Practice Group of the Year awards for 2019. ...
Speaking Engagements
-
Bankruptcy & Reorganizations 2022: Current Developments
Speaker(s):
Jessica Liou
May 9, 2022 — Virtual & In Person – Practising Law Institute — This program will cover current issues relating to bankruptcy and restructurings. Issues in structured finance, cross border insolvencies, chapter 15, and latest developments in oil and gas, energy, healthcare cases, and valuation and contested plan issues will be explored. Plus, the faculty will best practices to be utilized to better protect creditors, and parties in interest, while maximizing values and recoveries.
-
Clearing the Last Hurdle in Chapter 11 – Evolving Confirmation Issues That May Trip the Unwary
Speaker(s):
Jessica Liou
June 22, 2021 — Webcast – New York City Bar: CLE Programs — This CLE webinar presentation covers certain timely chapter 11 plan confirmation issues relevant to both large and small firm practitioners representing debtors, creditors, and estate fiduciaries.