A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side. 
- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)
Client News
Diamond Sports Group Emerges From Chapter 11 as Main Street Sports
Paul, Weiss represented Diamond Sports Group, the nation’s largest owner of regional sports networks, in its successful chapter 11 process.
» moreClient News
Party City Emerges After Prearranged Bankruptcy
Paul, Weiss represented Party City Holdco Inc., one of the largest party good retailers in North America, and certain domestic subsidiaries, in Party City’s successful prearranged bankruptcy.
» moreClient News & DEVELOPMENTS
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Excluded Lender Group Wins Important Appeal Against Serta Simmons Reaffirming Proportional Treatment in Syndicated Debt Deals
Paul, Weiss won a significant appeal on behalf of a group of Serta Simmons lenders excluded from a 2020 debt restructuring deal.
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2023 Restructuring Department Highlights
The Paul, Weiss Restructuring Department continues to be involved in the most notable matters across industries and borders. We possess a thorough knowledge of every aspect of bankruptcy law, coupled with perspectives earned from representing all sides of major restructuring transactions.
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Paul, Weiss Advises Noteholders in EchoStar Restructuring
Paul, Weiss advised an ad hoc group of DISH Network Corporation convertible noteholders in certain strategic transactions completed by DISH parent company EchoStar Corporation.
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Sandvine Removed From Commerce Department’s Entity List Following Significant Corporate Reforms to Protect Human Rights
Paul, Weiss secured a major victory for Sandvine Corporation, a Canada-based technology service provider, when key U.S. government stakeholders took the extremely rare step of removing Sandvine from the Entity List.
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Apollo and ATLAS Form $5 Billion Strategic Collaboration With BNP Paribas
Paul, Weiss advised Apollo and ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds, in their $5 billion strategic financing and capital markets collaboration with BNP Paribas, the European Union’s leading global bank.
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Rite Aid Emerges From Chapter 11
Paul, Weiss represented an ad hoc group of second lien noteholders in Rite Aid Corporation’s successful emergence from chapter 11 bankruptcy.
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Experienced Financial Restructuring and Special Situations Partner Joins Paul, Weiss in London
Liz Osborne is joining Paul, Weiss as a partner in the Restructuring Department and head of European Restructuring, resident in London. Liz advises companies and creditors on stressed and distressed investments, including special situations financings and complex restructurings.
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Hornblower Emerges From Chapter 11
Paul, Weiss represented Hornblower Group, a global leader in world-class experiences and transportation, in its successful emergence from chapter 11.
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IronNet Emerges From Chapter 11
Paul, Weiss represented C5 Capital and ITC Global Advisers, as secured lenders, in the successful chapter 11 cases of IronNet, Inc., a global cybersecurity company.
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Digicel Completes $3.8 Billion Restructuring
Paul, Weiss advised an ad hoc group of creditors of Digicel Limited (DL) and its subsidiaries in the company’s consensual financial restructuring of approximately $3.8 billion of debt.
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Revlon Obtains Court Approval for Chapter 11 Plan
Paul, Weiss obtained court approval for longtime client Revlon Inc.’s plan of reorganization under chapter 11.
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Western Global Airlines Emerges From Chapter 11
Paul, Weiss represented an ad hoc group of debtor-in-possession lenders and certain unsecured senior noteholders in the successful restructuring of Western Global Airlines, which emerged from its amended chapter 11 plan.
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Brookfield Infrastructure Partners to Acquire Cyxtera Assets
Paul, Weiss is advising Brookfield Infrastructure Partners L.P. and its institutional partners in the $775 million acquisition of substantially all of Cyxtera’s assets.
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Benefytt Technologies Emerges from Chapter 11 Bankruptcy Proceedings
Paul, Weiss represented funds managed by Madison Dearborn Partners, LLC (MDP) as sponsors and debtor-in-possession (DIP) lenders in the prearranged chapter 11 cases of Benefytt Technologies, Inc. Benefytt is a health insurance technology company that markets and sells Medicare and private health insurance products, agent technology systems and insurance policy administration platforms.
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The Madison Square Boys & Girls Club Emerges From Bankruptcy
Paul, Weiss advised The Madison Square Boys & Girls Club on its amended plan of reorganization.
AWARDS & RECOGNITIONS
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Paul, Weiss Named Chapter 11 Firm of the Year in Global Restructuring Review Awards
Global Restructuring Review recognized Paul, Weiss as the “Chapter 11 Firm of the Year” in its 2024 GRR Awards.
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Liz Osborne and Judie Ng Shortell Recognized as IFLR1000 Women Leaders
IFLR recognized restructuring partner Liz Osborne and corporate partner Judie Ng Shortell among its 2024 IFLR1000 Women Leaders.
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Alice Eaton Receives Futures and Options Dream Big Award
Restructuring partner Alice Eaton was named the 2024 Dream Big Award honoree by Futures and Options, a nonprofit dedicated to empowering New York City’s youth to acquire transferable professional skills, pursue higher education and successfully compete in a global 21st century economy by connecting them to paid internships, skill-building classes and mentors.
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John Weber Recognized as an Emerging Leader in Insolvency Practice by ABI
The American Bankruptcy Institute named restructuring partner John Weber to its 2024 list of “40 Under 40” Emerging Leaders in Insolvency Practice.
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Alice Eaton Elected American College of Bankruptcy Fellow
Restructuring partner Alice Eaton has been elected a fellow of the prestigious American College of Bankruptcy (ACB) by the ACB’s Board of Regents.
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Paul, Weiss Recognized in Two Categories in TMA’s 2024 Turnaround & Transaction Awards
The Turnaround Management Association recognized four Paul, Weiss lawyers in its 2024 Turnaround and Transaction of the Year awards.
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Chris Hopkins Named a Law360 Bankruptcy Rising Star
Law360 named restructuring partner Chris Hopkins a 2024 Rising Star in the Bankruptcy category.
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Sixteen Paul, Weiss Restructuring Partners Named to Lawdragon’s Top 500
Sixteen Paul, Weiss partners were named among Lawdragon’s “500 Leading Bankruptcy & Restructuring Lawyers 2024,” which recognizes the top U.S. attorneys helping companies navigate ailing economies and uncertain times.
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Paul, Weiss Wins Law360 “Bankruptcy Group of the Year” Recognition
Paul, Weiss won Law360 “2023 Bankruptcy Group of the Year” recognition for its achievements in the restructuring industry.
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Twenty-Six Paul, Weiss Restructuring Matters Honored on Turnarounds & Workouts’ Top Restructuring Lists of 2023
Paul, Weiss played a key role in 26 restructuring matters spotlighted by Turnarounds & Workouts (T&W) in its annual lists of the past year’s largest and most successful restructurings.
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Paul Basta Named a 2024 Lawdragon Legend
Lawdragon recognized restructuring partner Paul Basta as a “2024 Lawdragon Legend.”
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Paul, Weiss Wins Two M&A Advisor 2024 Turnaround Awards
The M&A Advisor recognized Paul, Weiss in two categories in the publication’s 18th Annual Turnaround Awards.
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Bob Britton Named a 2023 Restructuring Rising Star by Petition
Petition recognized restructuring partner Bob Britton as a “Rising Star of ’23,” for his outstanding work in the restructuring industry over the past year.
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Brian Bolin Named Among ABI’s “40 Under 40” Emerging Leaders in Insolvency Practice
Restructuring partner Brian Bolin was named to the American Bankruptcy Institute’s 2023 list of “40 Under 40” Emerging Leaders in Insolvency Practice, which identifies the top 40 restructuring industry professionals in the U.S. under the age of 40.
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Alice Eaton Named a 2023 Law360 MVP in Bankruptcy
Restructuring partner Alice Eaton was honored as a Law360 2023 MVP in the Bankruptcy category.
PUBLICATIONS & SPEAKING ENGAGEMENTS
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Market-Leading Industry Insights
Our team regularly provides clients with updates on key industry developments and consistently contributes to the most well-respected restructuring publications.
» View a complete list of our recent restructuring client memos and publications
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Brian Bolin Discusses 2024 Restructuring Themes With Petition
Restructuring partner Brian Bolin spoke with Petition for its retrospective on the 2024 restructuring market.
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Brian Hermann and Shafaq Hasan Publish Bloomberg Law Article on Career Development in Restructuring
Restructuring partner Brian Hermann and associate Shafaq Hasan co-wrote an article for Bloomberg Law discussing the opportunities for growth and practice development in restructuring law.
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Elizabeth McColm, Brian Bolin and Mitchell Mengden Publish Chapter in GRR’s Americas Restructuring Review 2025
Restructuring partners Elizabeth McColm and Brian Bolin and associate Mitchell Mengden co-wrote a chapter in the Americas Restructuring Review 2025, published by Global Restructuring Review.
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Paul Basta to Discuss Large Restructurings at the 2024 Distressed Investing Conference
Restructuring partner Paul Basta will participate in a panel, “Where Do We Go From Here? The Return of Capital R Restructurings,” as part of the 2024 Distressed Investing Conference.
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Restructuring Department Bulletin – December 2024
In the December 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.
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Brian Hermann to Discuss Chapter 11 Trends at Bankruptcy Conference
Restructuring partner Brian Hermann will participate in a panel, “Liability Management Transactions,” as part of the University of Texas School of Law’s 2024 Jay L. Westbrook Bankruptcy Conference.
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Restructuring Department Bulletin - November 2024
In the November 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.
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Restructuring Department Bulletin - October 2024
In the October 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.
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Third Circuit Rules on Allowance of Make-Whole Fees and Post-Petition Interest in Solvent-Debtor Cases in In re The Hertz Corp.
In its recent decision in In re The Hertz Corp., the Third Circuit clarified that a solvent debtor must pay unimpaired claimants post-petition interest at an “equitable rate” (in this circumstance, the contract rate) as well as any applicable make-whole fees before any junior stakeholders receive a recovery.
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Alice Eaton to Discuss Issues in Distressed Transactions and Restructuring at 32nd Annual Leveraged Finance Conference
Restructuring partner Alice Eaton will participate in the “Distressed and Restructuring” panel at the 32nd Annual Leveraged Finance Conference, hosted by Deutsche Bank Securities.
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Restructuring Department Bulletin - September 2024
In the September 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.
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Restructuring Department Bulletin - August 2024
In the August 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.
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Restructuring Department Bulletin - July 2024
In the July 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.
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Texas Bankruptcy Court Rules on Liability Management Transactions and “Required Lender” Status in In re Robertshaw US Holding Corp.
A Texas bankruptcy court issued a ruling in an adversary proceeding concerning the chapter 11 cases of appliance component manufacturer Robertshaw.
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