Request a consultation

Practices / Restructuring & Insolvency

Restructuring & Insolvency

In-court and out-of-court restructurings, creditor rights, and distressed M&A.

Request a consultation

Or call the Restructuring & Insolvency desk.

Our restructuring practice handles Chapter 11 cases, out-of-court workouts, and cross-border insolvencies under Chapter 15. We have acted for debtors, official committees, and DIP lenders in cases ranging from $200 million to $4 billion in liabilities.

We are one of the few firms that tries adversary proceedings — we do not settle every motion.

Practice lead

James Okonkwo

Partner · New York

James Okonkwo is a partner in the litigation and restructuring practices. He has tried cases to verdict in federal courts in New York, Delaware, and Texas, and has argued before the Second, Third, and Fifth Circuits. His recent matters include the defense of a securities class action that obtained a complete defense verdict, and the Chapter 11 case of an industrial manufacturer with $1.8 billion in liabilities.

Representative matters (2)

  • Industrials 2023

    Chapter 11 of industrial manufacturer with $1.8B liabilities

    Acted for the debtor in the Chapter 11 case of an industrial manufacturer, negotiating a DIP facility and a plan of reorganization that returned value to unsecured creditors.

    Plan confirmed in 14 months; unsecured creditor recovery of 92 cents on the dollar.

    $1.8B New York
  • Financial Services 2024

    Cross-border insolvency recognition under Chapter 15

    Obtained Chapter 15 recognition of a Singaporean scheme of arrangement for a financial services group with operations across Asia.

    Recognition granted in 6 weeks; global restructuring concluded in 18 months.

    $640M New York

Team (1)

Related practices