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)
AbitibiBowater's Chapter 11 Plan Confirmed
In one of the biggest bankruptcies of the year, on November 23, Paul, Weiss client AbitibiBowater, Inc., a global forest products company and the world's largest producer of newsprint, obtained a confirmation order approving its chapter 11 plan of reorganization, clearing the way for the company to emerge from bankruptcy and restructure more than $8 billion of pre-petition indebtedness.
The newsprint giant first tried to restructure its debt out of court, but when U.S. lenders refused to accept the proposed debt restructuring the company filed for bankruptcy protection in April 2009, citing falling revenues due to unprecedented declines in newsprint demand and pricing. Since then, the Paul, Weiss team has been charting a course for the newsprint giant to emerge from chapter 11 and helping it overcome numerous obstacles along the way.
The Paul, Weiss team representing the debtors was led by, among others, bankruptcy partner Alice Eaton and counsel Claudia Tobler; litigation partners Moses Silverman and Aidan Synnott; corporate partners Ted Maynard, Toby Myerson and Jordan Yarett, and counsel Scott Grader, Michele Jenkinson, Stephen Koo and Frances Mi; employee benefits partners Rob Fleder and Larry Witdorchic; and tax partner Peter Rothenberg.