Weil has represented many of the largest and most complex global financial institutions, whether it be in the context of an out-of-court restructuring or through the chapter 11 or rehabilitation process. During the global financial crisis, Weil served as chief debtors’ counsel in the largest U.S. bankruptcy financial services cases in history, including Lehman Brothers, Washington Mutual, and the administration of MF Global; representing the court-appointed rehabilitator of the Financial Guaranty Insurance Company (FGIC); and representing AIG in its out-of-court restructuring.
Some of the largest global financial institutions have also turned to Weil for advice on establishing resolution plans, commonly referred to as “living wills,” which are required of systemically important financial institutions (SIFIs) pursuant to the Dodd-Frank Act. Weil's Financial Institutions Regulatory lawyers team with their Bankruptcy/Restructuring peers to provide invaluable advice in connection with establishing a plan for a rapid and orderly resolution in the event of material financial distress or failure of a systemically important financial institution.