The ‘capable and competent’ team at Debevoise & Plimpton LLP is based in New York, and represents a diverse range of clients including debtors, bondholders, secured lenders and private equity sponsors in restructurings and bankruptcy proceedings, as well as chapter 11 cases and cross-border insolvencies. Jasmine Ball represents a range of parties for various industries including pharmaceutical and airline companies, and was involved in representing Philippine Airlines in connection with its restructuring efforts in response to the impact of the Covid-19 pandemic on the aviation industry. Natasha Labovitz  is the co-chair and represents debtors and creditors in and out of bankruptcy and cross-border insolvencies, while Sidney Levinson and Scott Selinger  are key names from the firm.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The Debevoise team is a small and nimble group of restructuring practitioners who are deeply experienced and serve as strong advocates for their clients. The are organized, efficient and modest and provide good, predictable outcomes.’

  • ‘Natasha Labovitz (who I believe chairs the practice) is a clever negotiator and well versed Chapter 11 practitioner. She is experienced and comfortable leading complex transactions.’

  • ‘Capable. Competent. Reliable.’

  • ‘Jasmine Ball is one of the best lawyers I’ve ever worked with.’

Key clients

  • Philippine Airlines
  • Certain former directors and shareholders of Purdue Pharma, Inc. and related entities
  • Georgia-Pacific LLC
  • Brigade Capital Management, LP
  • Pantheon Ventures
  • Elara Caring
  • Clayton, Dubilier & Rice
  • McKinsey & Company
  • Coller Capital Partners, International SIF SICAV, Clouse S.A
  • Resolute Investment Holdings
  • Alexander Greensill and additional former directors and officers of Greensill Capital Inc.
  • Drive DeVilbiss Healthcare
  • The Blackstone Group

Work highlights

  • Advised Resolute Investment Holdings and its affiliates in negotiating and executing transaction support agreements with two ad hoc groups of lenders for an out-of-court solution that avoided a likely liquidation in bankruptcy.
  • Represented certain former directors and shareholders of Purdue Pharma, Inc in defending litigation regarding prescription opioids across the country, including a federal multi-district litigation and actions brought by states attorneys general, and in efforts to negotiate a global settlement in bankruptcy court.
  • Advised Brigade Capital Management, LP  in connection with Avaya’s chapter 11 restructuring, which concluded in May 2023 and reduced Avaya’s debt by 75%.

Lawyers

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

Practice head

The lawyer(s) leading their teams.

Natasha Labovitz, Sidney Levinson

Other key lawyers

Jasmine Ball, Scott Selinger