ArentFox Schiff‘s team represents a premier restructuring practice with experience in bond workouts, municipal bankruptcy, municipal finance and public pensions. Attorneys’ expertise extends to remedies outside of bankruptcy, including a range of services from negotiating workouts to restructuring advice. The firm has specialists with dedicated Chapter 9 skills and municipal bond default workout expertise, having represented clients in a wide array of the most impactful municipal bankruptcy and Chapter 9 proceedings of the past several years. New York-based Les Jacobowitz primarily handles work-outs of multifamily housing and not-for-profit loans and recently led the firm’s efforts in the restructuring of a $27bn of existing COFINA bonds to $18bn of COFINA bonds. David Dubrow represents clients in structuring and evaluating high-yield below-investment grade credits, whereas Mark Angelov represents a range of parties in connection with a broad variety of municipal and corporate workouts and bankruptcies. Situated in Washington DC, Randall Brater handles litigation for public finance clients, including representing trustees in civil litigation and bankruptcy proceedings. Mike Guippone focuses on distressed municipal bonds, the proceeds of which are used to finance public sector projects, including for healthcare and housing. San Francisco-based Jena Watson joined the team in September 2023 and advises financial institutions as well as private and public companies in a wide variety of commercial finance transactions. Unless otherwise stated, all lawyers mentioned are based in New York.

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Testimonials

Collated independently by Legal 500 research team.

  • ‘Arent Fox's strong collaboration with clients makes them a pleasure to work with and Arent Fox partners are always willing to work with restructuring clients to pursue creative and innovative solutions as needed.’

  • ‘David Dubrow's strong people skills help customers navigate very complex restructuring situations.'

  • 'Mark Angelov experience in 501c3 owned student housing projects makes him a very valuable resource who can effectively navigate student housing and project finance workouts.’

Key clients

  • US Bank National Association
  • UMB Bank
  • Ambac Assurance Corporation
  • YM & YMHA of Washington Heights and Inwood
  • Glens Falls Hospital
  • Lapis Advisors
  • Nuveen Asset Management
  • Vanguard Mutual Funds
  • Synovus Bank

Work highlights

  • Serving as co-counsel to Ambac Assurance Corporation in the Title III proceedings under the Puerto Rico Oversight, Management, and Economic Stability Act (“PROMESA”).
  • Represented Synovus Bank, who is the Trustee under the indenture for $55,780,000 of Water and Sewer Revenue Bonds of the Water Works and Sewer Board of the City of Prichard, Alabama.
  • Represented non-profit, YM & YMHA of Washington Heights and Inwood, with respect to potential buyout of investors with respect to a right of first refusal.

Lawyers

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Leading partners
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Next Generation Partners
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Practice head

The lawyer(s) leading their teams.

David Dubrow, Mark Angelov

Other key lawyers

Randall Brater, Les Jacobowitz, Mike Guippone, Jena Watson