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North America - United States • Finance

Akin

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The team at Akin brings high-level expertise to complex bankruptcy matters, especially in the New York market, with a client base encompassing ad-hoc groups, companies and debtors to creditor committees, and large investors involved in multi-billion dollar restructurings. The US-based restructuring team benefits from the firm’s strong cross-border links with teams in Asia and Europe which assist in large and complex deals for large multinational companies, including on a recent matter in which Philip Dublin acted as special counsel for an ad-hoc group of Cineworld’s secured lenders to advise on negotiations with Cineworld on a restructuring plan and support with its Chapter 11 filing. Heading the global practice is Ira Dizengoff, who is regarded as a preeminent figure in the restructuring space for his involvement in high profile distressed and bankruptcy-related matters, alongside specialties in corporate restructurings, creditors’ committees and bondholder committee cases. Abid Qureshi is noted for his key focus on bankruptcy litigation. Washington DC-based Scott Alberino represents a wide range of groups in distressed transactions including creditor committees and equity holders, and Sara Brauner and Naomi Moss are also highly recommended. Unless otherwise stated, all mentioned lawyers are based in New York.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Highly commercial lawyers who have strong technical skills. Know the market extremely well.’

  • ‘They are the gold standard and preeminent restructuring law firm. They are the firm that is in every large bankruptcy case, they provide clever solutions and well sought after advice.’

  • ‘They are very smart, commercial and get deals done. They are extremely strong.’

Key clients

  • Official Committee of Unsecured Creditors of SVB Financial Group
  • Official Committee of Unsecured Creditors of Diamond Sports Group LLC
  • Official Committee of Unsecured Creditors of Yellow Corporation
  • Official Committee of Unsecured Creditors of Purdue Pharma LP
  • GTT Communications, Inc.
  • Ad Hoc Group of Secured Lenders to Cineworld
  • Ad Hoc Group of First Lien Lenders to Avaya Inc.
  • Apollo Management X, L.P. and certain of its managed investment funds as DIP lender to Scandinavian Airlines
  • Official Committee of Unsecured Creditors of HONX, Inc.
  • Official Committee of Unsecured Creditors of TPC Group Inc.

Work highlights

  • Representing the Official Committee of Unsecured Creditors of SVB Financial Group, which includes the holders of over $3.3 billion in in unsecured bond debt, landlords, trade creditors and other unsecured creditors.
  • Represented an ad hoc group of secured lenders in the chapter 11 cases of Cineworld and its affiliates involving $4 billion in liabilities.
  • Advised GTT, a leading global cloud networking provider to multinational clients and the operator of one of the largest Tier 1 internet networks in the world, in its comprehensive prepackaged chapter 11 restructuring of $4.5 billion in liabilities.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Ira Dizengoff

Ira Dizengoff

Akin

Ira represents official committees, ad hoc groups of unsecured and secured creditors, debtor in possession lenders, institutional investors, hedge funds and acquirers of businesses and assets. His restructuring matters encompass a variety of industries and involve multijurisdictional and cross-border matters. Recent engagements include Diamond Sports, SVB Financial Group, Avaya, Talen Energy, Travelport, Sears, Intelsat, Frontier Communications, among others. To learn more about Ira, please visit his full profile: https://www.akingump.com/en/lawyers-advisors/ira-s-dizengoff.html

Philip Dublin

Philip Dublin

Akin

Represents debtors, official and unofficial committees of creditors, secured creditors, investors, DIP lenders and acquirers of businesses and assets in chapter 11 cases of all sizes and complexity as well as in connection with out-of-court restructurings. Recent representations include Yellow Corporation, Avaya, Cineworld, Travelport, GTT Communications, Carestream, iHeartMedia, J.C. Penney, Sears, Sungard, Loyalty Ventures, to name a few. To learn more about Phil, please visit his full profile: https://www.akingump.com/en/lawyers-advisors/philip-c-dublin.html

Abid Qureshi

Abid Qureshi

Akin

Abid Qureshi is a partner in the financial restructuring group, and the partner in charge of the New York office, at Akin. He is a dedicated financial restructuring litigator, giving him comprehensive experience in virtually every issue that arises in the course of a complex restructuring. Abid has litigated cutting-edge issues in the highest-profile chapter 11 cases, complex restructuring-related issues in state and appellate courts and has extensive experience in cross-border insolvencies and chapter 15 proceedings. Some recent highlights include Diamond Sports, Revlon,  Travelport, Frontier Communications Corporation, PG&E, Aeroméxico, Chesapeake Energy Corporation, Intelsat. To learn more about Abid, please visit his profile here: https://www.akingump.com/en/lawyers-advisors/abid-qureshi.html

Next generation partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Sara Brauner

Sara Brauner

Akin

Sara Brauner represents official creditor committees, bondholders, noteholders, institutional investors, hedge funds and other interested parties in large-scale financial restructurings. Sara has experience across an array of industries, including retail, oil & gas, pharmaceuticals & life sciences, media, gaming & hospitality. Sara is also the firm’s Hiring Partner for the New York Office and oversees student recruitment efforts and the summer associate program. Recent representations include Alex Jones, Purdue Pharma, Mallinckrodt, Sears, HONX, Seadrill, among others. To learn more about Sara, please visit her profile here: https://www.akingump.com/en/lawyers-advisors/sara-l-brauner

Practice head

The lawyer(s) leading their teams.

Ira Dizengoff, Philip Dublin

Other key lawyers

Abid Qureshi, Sara Brauner, Naomi Moss