Having recently absorbed the restructuring practice of Stroock & Stroock & Lavan LLP, the New York-based team at Paul Hastings LLP‘s cross-jurisdictional group represents a range of parties including unsecured creditor committees, banks, sponsors and ad hoc groups of creditors. The firm also benefits from its debtor-side practice, while also providing on-the-ground restructuring advice across the globe with lawyers situated across the U.S. Attorneys, such as co-chair Kristopher Hansen , who was noted by one client as a ’rockstar‘ in the field, and has been involved in a series of bankruptcies including those related to crypto and the pharmaceutical industry. co-chair Jayme Goldstein specializes in representing a range of parties in chapter 11 and out-of-court restructurings, alongside Jonathan Canfield who has led the representation of creditors in complex restructuring matters. Daniel Fliman has a diverse practice on both the debtor and creditor side, whereas Gabe Sasson represents official committees of unsecured creditors and has led on a range of restructuring and bankruptcies.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘They were able to utilize two different strategies with an exceptionally difficult opposing counsel by being both friendly and aggressive. It has had a material impact on the restructure including a net positive impact of $4B+ in recovery.’
‘Kris Hansen - Willing to roll sleeves up and get his hands dirty; doesn't hide issues from client. Erez Gilad - Incredible endurance in negotiating sessions. Ken Pasquale - Lead litigator, handled a diverse range of cases each with a customized approach.’
‘The whole team is top notch, extremely knowledgeable and very responsive. They have gone above and beyond to get a very favorable outcome with restructuring situation.’
‘Kris Hansen is a rockstar and does a very nice job simplifying very complex issues. He is very responsive (i.e. doesn't matter if it is 10 AM on a Sunday-he will talk to you) and one of the best communicators I have ever met.’

Key clients

Official Creditors' Committee of FTX
Official Committee of Unsecured Creditors of WeWork Inc.
Ad Hoc Committee of Supporting Counsel in LTL Management
Ad Hoc Group of Crossholders of Diamond Sports Group
Ad Hoc Group of Noteholders and Equity Holders of CWT Travel Holdings
Ad Hoc Group of Noteholders of TPC Group
Official Committee of Unsecured Creditors of Smile Direct Company
Ad Hoc Group of First Lien Lenders to Output Services Group
Sandy Creek Energy Associates L.P.
TCW Asset Management

Work highlights

Represented the FTX Committee in the chapter 11 cases of FTX Trading Ltd, and its 100+ affiliates, which freefell into bankruptcy.
Represented the WeWork Committee in the chapter 11 cases of shared workspace provider WeWork Inc. and over 500 of its affiliates (“WeWork”).
Represented the Ad Hoc Committee of Supporting Counsel (the “AHC of Supporting Counsel”) in the bankruptcy of LTL Management, a subsidiary of Johnson & Johnson (“J&J”).