Herbert Smith Freehills Kramer has a strong reputation in representing creditors, creditor groups, creditors’ committees and debtors in restructurings, both in and out of court. The firm is best known for advising creditors’ committees and landed some major engagements in 2023 and 2024, including as counsel to the official committee of unsecured creditors of Rite Aid Corporation in the company’s chapter 11 filing. The firm has high levels of specialisation within its wider bankruptcy and restructuring practice. Amy Caton was named co-chair of the practice in 2024 and also launched a municipal and infrastructure special situations subgroup; the special situations team was joined by Robert Stewart as a partner from Davis Polk & Wardwell LLP in 2024. The wider department also has a distressed investing sub-group, led by Rachael Ringer and Daniel Eggermann . Kenneth Eckstein continues as co-chair of the bankruptcy and restructuring team, having amassed some 35 years’ experience in the area. Counsel Thomas Mayer is another senior name within the team. All named individuals are based in New York.
L’éditorial du Legal 500

Distinctions

La satisfaction du client

Clients clés

  • Rite Aid Ad Hoc Creditors’ Committee
  • Diamond Sports First Lien Lenders
  • Lenders to Bausch Health
  • DelMonte Foods
  • Purdue Pharma Ad Hoc Governmental Committee
  • Endo Pharmaceuticals
  • Enviva
  • U Arts
  • Fulcrum
  • Red River/Johnson & Johnson

Points forts

  • Advised the official committee of unsecured creditors of Rite Aid Corporation in relation to the company's Chapter 11 protection in the bankruptcy court in the District of New Jersey.
  • Served as lead bankruptcy counsel to an ad hoc group of funds led by PIMCO holding over a majority of the approximately $630m first lien loans against Diamond Sports Group.
  • Served as counsel to an ad hoc group of lenders in connection with the preparation and launch of a cooperation agreement concerning debt issued by Bausch Health.

Avocats

Les grands avocats du marché

Avocats associés reconnus parmi les leaders du marché par leurs pairs et leurs clients, régulièrement présents dans les grands dossiers dans lesquels ils sont au premier plan.

Kenneth Eckstein
Rachael Ringer

Responsable de la pratique

Kenneth Eckstein; Amy Caton

Autres avocats clés

Robert Stewart; Rachael Ringer; Daniel Eggermann; Thomas Mayer