Proskauer Rose LLP
Client SatisfactionLed by Martin Bienenstock in New York, Proskauer Rose LLP handles a range of clients on both the creditor and debtor side on all matters related to distressed situations, corporate governance insolvency and bankruptcy. The firm specializes in corporate governance, as well as advising borrowers in restructurings and Chapter 11 cases, as well as hedge funds. David Hillman has substantial experience in every phase of the restructuring process as well as addressing inter-creditor issues involving the relative rights of majority and minority lenders. Vincent Indelicato represents direct lenders, ad hoc groups, bondholders and creditors’ committees both in and out of court and in Chapter 11 matters, while Ehud Barak is noted for his specializations in bankruptcy litigation and Chapter 11 cases. All lawyers mentioned are based in New York.
Legal 500 Editorial commentary
Key clients
- Financial Oversight and Management Board for Puerto Rico
- Prospect Capital
- Sixth Street Specialty Lending
- Ad Hoc Group of Genesis Global Capital Lenders; Genesis Earn Program Group 2
- Dunn Paper Ad Hoc Second Lien Group
- Diameter Capital LP
- Ad Hoc Group of Holdings PIK Noteholders (including BC Partners, Marathon Asset Management and Monarch Alternative Capital)
- Ad Hoc Group of Second Lien Lenders
- Invictus Global Management
- SLR Capital
- Centre Lane Partners
- Banco Azteca
- Yesco Holdings
- ARK Investment Management
- Owl Rock Capital Corporation
- MidCap Financial Trust
Work highlights
- Lead outside counsel to the Financial Oversight and Management Board for Puerto Rico, which was created under the Puerto Rico Oversight, Management and Economic Stability Act to represent Puerto Rico and its instrumentalities in the restructuring of their debts.
- Represented Prospect Capital in its purchase of an interest in PGX Holdings Inc.’s credit repair service Progrexion Holdings Inc. and other parts of its primary business, including websites Credit.com and CreditRepair.com, for $257.5 million.
- Advising an ad hoc group of Holdings PIK Noteholders (including BC Partners, Marathon Asset Management and Monarch Alternative Capital) in the Lucky Bucks Holdings bankruptcy case pending in the U.S. Bankruptcy Court for the District of Delaware.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Practice head
The lawyer(s) leading their teams.
Martin Bienenstock