North America - United States • Finance

Paul Hastings LLP

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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.’

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Key clients

  • Official Creditors' Committee of FTX
  • Official Committee of Unsecured Creditors of WeWork Inc.

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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”).

Abbreviated data is displayed for this firm.