Restructuring

Weil's global restructuring group comprises more than 100 dedicated lawyers, including a significant number recognized as leaders in their field.

The largest, most complex, and most important restructuring matters in history require a truly international firm that can handle all aspects of the restructuring process in the United States, Europe, Middle East, and Asia. Weil's global restructuring practice has been described as the “gold standard” of bankruptcy practices and as a “restructuring powerhouse.”

Weil’s U.S. Restructuring practice has been involved in countless international and U.S. restructurings over many decades, with representations ranging from top global corporations in mega-restructurings to middle-market debtors. Weil has served as chief debtors’ counsel in 6 of the 10 largest U.S. bankruptcy filings in history and has represented clients in numerous complicated cross-border insolvency and restructuring matters. The practice is consistently recognized among the most highly regarded publications globally including, most recently ranked Band 1 by Chambers for Bankruptcy/Restructuring: The Elite – USA – Nationwide and Bankruptcy/Restructuring: The Elite – New York; Tier 1 by Legal 500 for Finance: Restructuring (including Bankruptcy) – Corporate; Tier 1 by IFLR1000 in Restructuring and Insolvency in the U.S. in 2023. Also, Weil’s Restructuring Department has been recognized as “Bankruptcy Team of the Year” by Law360 for 12 straight years (2010-2021), named among the top three firms globally for Cross-Border Restructuring and Insolvency in the 2020 edition of Global Restructuring Review’s GRR 30 and named “Bankruptcy Team of the Year” at the 2018 Chambers USA Awards, among numerous other awards and recognition.

“Weil’s clients have praise for the technical ability and business sense that the partners bring to transactions.” — IFLR1000

While many firms may claim to offer an international service, Weil’s fully integrated global platform allows Weil to marshal resources very quickly to provide sound, strategic, commercial, and legal solutions to clients in time-sensitive situations. Weil’s work on some of the most historic restructurings – including General Motors, Parmalat SpA, Lehman Brothers, Kaupthing Bank, American Airlines and MF Global – demonstrates Weil’s ability to coordinate a diverse team of lawyers across the United States, Europe, and Asia to provide clients with innovative, bespoke solutions to complex cross-border restructurings. Today, Weil continues to play an integral role in high-profile restructurings. In the United States alone, Weil has been involved in some of the most notable and largest bankruptcies filed in the U.S. in recent years, including acting as debtors’ counsel to Serta Simmons Bedding, LLC, Core Scientific, Scandinavian Airlines, Talen Energy Supply, LLC, Brooks Brothers, CBL & Associates Properties, J.Crew, Fieldwood Energy, Speedcast International, and CEC Entertainment. The Firm also has significant roles in the chapter 11 cases of Cineworld Group PLC, LATAM Airlines, Nordic Aviation Capital, Nautical Solutions, L.L.C., and Seadrill Limited.

Unlike most other large firms, Weil’s broad-based experience also includes numerous creditor representations, representations of purchasers and sellers of distressed assets, and substantial litigation.

Weil’s strengths also lie in Weil’s ability to innovate. Weil works collaboratively with clients to develop and implement novel restructuring solutions and products that are tailor-made for the different groups Weil works with: banks, private equity funds, hedge funds, corporations, boards of directors, and insolvency practitioners.

Weil’s experience across multiple industries is extensive and spans every critical area of finance and restructuring, including exchange offers, debt for equity swaps, prepackaged and prearranged chapter 11 cases, “conventional” chapter 11 cases, and international insolvencies.

Weil does not believe in a one-size fits all approach. Weil's advice ensures that clients address the complex issues associated with restructuring in the most strategic and beneficial manner possible.  Major restructurings transcend almost all legal disciplines (including bankruptcy/creditors’ rights, tax, financing, securities laws, antitrust, and other regulatory approvals). Weil seamlessly coordinates with lawyers in other practice areas across the Firm to provide clients with comprehensive solutions to complex transactions.

View more information on Weil's areas of experience:

• Debtor Representations
• Creditor and Investor Representations
• Financial Sponsor Transactions
• Out-of-Court Restructurings/Prepackaged and Prearranged Chapter 11 Cases
• Chapter 9 Municipal Bankruptcy Representations
• Cross-Border Bankruptcy and Restructuring
• Distressed M&A
• Bankruptcy Litigation

The Weil Restructuring Blog contains developments on the restructuring world from our Restructuring team. The European Restructuring Watch presents views from Weil's European teams.