Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP‘s prominence in the investment funds world has provided the basis for a thriving business reorganization and bankruptcy practice. The firm frequently represents hedge funds, private equity funds and ad hoc groups involved in business reorganizations. It is best known for out-of-court restructurings and expanded its focus in 2023 by launching a dedicated special situations group. The firm has experienced particular growth in TMT restructurings, along with fintech matters (including crypto and blockchain); it advised a group of preferred equity holders in the headline FTX bankruptcy case. Adam Harris is co-chair of the business reorganization group, alongside Washington DC-based Douglas Mintz and Kristine Manoukian; Harris and Mintz also lead the special situations team, while Manoukian is noted for her expertise in the digital assets and crypto sector. David Karp heads the distressed debt and claims trading team. Named individuals are based in New York unless stated otherwise.