Akin Gump Strauss Hauer & Feld LLP is a recognized leader in the representation of distressed companies and their investors in corporate reorganizations, asset sales, divestitures and other distressed transactions. We routinely act as company counsel post-restructuring. In addition, we have been centrally involved in several of the largest restructurings and distressed transactions in recent years, including advising one of the largest investors in the bankruptcy of LyondellBasell, the third-largest chemical manufacturer in the world (and among the largest and highest-profile bankruptcies during the 2008-2009 financial crisis). The firm represented the Official Committee of Unsecured Creditors of Nortel Networks Inc. in its landmark $4.5 billion auction of more than 6,000 patents and patent applications to a consortium consisting of Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony.
Successful emergence from bankruptcy requires sustained and committed support. Akin Gump is a go-to firm to represent companies that have completed a chapter 11 or out-of-court restructuring. We help our clients reorganize and recapitalize, which, in turn, allows them to resume focus on their business and transactional objectives. We have recently acted on behalf of nearly two dozen post-restructured companies across a range of industries, including ethanol production, manufacturing, consumer goods, marketing and business services, and telecommunications.
In conjunction with our financial restructuring practice, we advise creditors-turned-controlling shareholders and debtors. This insight provides us specialized knowledge of the challenges they face.
We frequently advise clients on issues such as: