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)
Paul, Weiss Advises Diamond Offshore Drilling in Chapter 11 Cases
- Client News
- April 26, 2020
Paul, Weiss is representing Diamond Offshore Drilling, Inc. and select subsidiaries in their voluntary chapter 11 petitions, filed in the U.S. Bankruptcy Court for the Southern District of Texas. Facing the multiple impacts of the OPEC-Russia price war and the COVID-19 pandemic, Diamond, a Houston-based offshore rig contractor, is pursuing negotiations with key stakeholders regarding a comprehensive restructuring plan to stabilize operations and recapitalize its balance sheet.
The Paul, Weiss team includes, among others, restructuring partners Paul Basta and Robert Britton, and counsel Claudia Tobler; litigation partners Andrew Gordon and Jacqueline Rubin and counsel Robert Kravitz; corporate partners Gregory Ezring, Jeffrey Marell and Carl Reisner; employee benefits partner Jean McLoughlin and counsel Reuven Falik; and tax partners Robert Holo and Scott Sontag.