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Davis Polk & Wardwell LLP

Davis Polk & Wardwell LLP

Law firms & counsel

The firm

Davis Polk & Wardwell LLP is a global law firm with 10 offices strategically located in key business centers and political capitals around the world. For more than 165 years, we have advised industry-leading companies and global financial institutions on their most challenging legal and business matters

Restructuring

We are widely recognized as one of the world’s premier law firms for restructuring. We represent companies, financial institutions, committees, hedge funds, investors, acquirers, trustees, administrators and receivers in connection with

  • Insolvencies and Restructurings
  • Rescue and Debtor-In-Possession Financings
  • Exchange Offer and Debt/Equity Conversions
  • Distressed Mergers and Acquisitions

Cross-Border and International Experience

We are a firm of choice for cross-border insolvency and restructuring matters, particularly in Asia, Brazil and other parts of Latin America. In addition, we regularly represent non-U.S. companies in connection with their distressed U.S. subsidiaries.

Recent Cross-Border and International Thought Leadership

• INSOL: Former Co-Chair and current Member of G-36 Committee, former INSOL Fellow, Moderator at Singapore Conference
• Global Restructuring Review: Editorial Board Member, Co-Chair of GRR NY Live, Speaker at Latin Lawyer-GRR Live Restructuring Summit
• IBA: Former Co-Chair of Insolvency Legislation and Policy Subcommittee, Member of Latin American Regional Forum, Speaker at Annual IBA Conference
• International Insolvency Institute: Founding Director, former President and current Member, Speaker at Annual III Conference
• UNCITRAL: Member of Official U.S. Delegation to the Insolvency Working Group of the United Nations Commission on International Trade Law
• International Insolvency Review: Managing Editor and Contributing Author

Dodd-Frank Advisory

We have been the leading U.S.-based global law firm working, both domestically and internationally, with regulators to solve the “too big to fail” problem and with their financial institutions clients on “living wills” required under the Dodd-Frank Act.

Recent Recognition

2023: Ranked Band 1 for Insolvency and Restructuring (Chambers, Legal 500, IFLR 1000)

2023: Restructuring Deal of the Year (IFLR Americas Awards | LATAM Airlines)

2023: Cross-Border Restructuring of the Year (over $1B) (M&A Advisor Turnaround Awards | Aeroméxico)

2022: Airline Restructuring of the Year (Airfinance Journal Global Awards | Aeroméxico)

2022: Bankruptcy Group of the Year (Chambers USA Awards)

2022: Bankruptcy Group of the Year (Chambers USA Awards)

2021: Bankruptcy Group of the Year (Law360 Awards)

2021: Leading Cross-Border Restructuring and Insolvency Practices Around the World (Global Restructuring Review)

2021: Deal of the Year: Banking & Finance (Latin Lawyer | LATAM Airlines)

Recent Notable Assignments

Luckin Coffee – Advising Luckin on a comprehensive restructuring of its
financial indebtedness and other obligations, including a U.S. chapter 15
case.

China Fishery Group – Advising a major lender in the chapter 11
bankruptcy cases of China Fishery Group.

Diebold – Advised an ad hoc group of noteholders and lenders to
Diebold Nixdorf in connection with a comprehensive cross-border debt
recapitalization transaction.

Ocyan S.A. – Advising Ocyan and certain of its subsidiary project
companies in connection with the consensual cross-border restructuring
of approximately $2.7 billion of indebtedness.

Unifin Financiera – Advising a lender in the restructuring of Unifin
Financiera in connection with Unifin’s concurso mercantil proceeding.

Grupo Aeroméxico – Advising Grupo Aeroméxico, S.A.B. de C.V and
certain of its affiliates in connection with its restructuring under chapter
11 of the United States Bankruptcy Code.

Purdue Pharma – Advising Purdue in connection with its $10+ billion
restructuring under chapter 11 of the United States Bankruptcy Code.
Purdue intends to use the chapter 11 process to implement a global
resolution of over 2,800 civil actions.

LATAM Airlines Group – Advising a LATAM shareholder in the
company’s incourt restructuring in Chile and chapter 11 proceedings.

Avianca – Advising LifeMiles, Avianca’s affiliate that owns Avianca’s
frequent flyer program, in connection with the chapter 11 restructuring
of Avianca. Davis Polk also advised an ad hoc group of investors in
connection with Avianca’s A-1 $1.05 billion DIP-to-exit financing.

Samarco – Advising an ad hoc group of noteholders in connection with
the debt restructuring of Samarco.

Mallinckrodt – Advising an ad hoc group of noteholders to Mallinckrodt
plc in connection with a comprehensive restructuring, including U.S.
chapter 11 cases and an Irish scheme proceeding.

Oi – Advising an ad hoc group in connection with Oi's recuperação
judicial proceedings in Brazil and a related cross-border debtor-in-
possession financing.

Digicel – Advising Digicel in connection with its restructuring,
culminating in two separate restructuring support agreements—one
with respect to the parent company and the other covering the
company’s subsidiaries—and implemented through separate schemes
of arrangement in Bermuda and chapter 15 proceedings in the United
States.

Alto Maipo – Advising one of the largest senior lenders to Alto Maipo
in connection with Alto Maipo’s chapter 11 proceedings and advising
the agent and the lenders/holders of Alto Maipo’s senior debt on an
ongoing basis.

Alpha Latam – Advising the stalking horse bidder for substantially all |
estate assets in Alpha Latam’s chapter 11 proceedings.

Contact us

Address
450 Lexington Avenue, New York NY 10017

Telephone
+1 212 450 4000

Fax
+1 212 701 5800

Website
http://www.davispolk.com

Contacts

NEW YORK

Donald S. Bernstein
T: 212-450-4092
E: donald.bernstein@davispolk.com

Christian Fischer
T: 212-450-3125
E: christian.fischer@davispolk.com

Timothy Graulich
T: 212-450-4639
E: timothy.graulich@davispolk.com

Marshall S. Huebner
T: 212-450-4099
E: marshall.huebner@davispolk.com

Darren S. Klein
T: 212-450-4725
E: darren.klein@davispolk.com

Angela M. Libby
T: 212-450-4433
E: angela.libby@davispolk.com

David Schiff
T: 212-450-3182
E: david.schiff@davispolk.com

Natasha Tsiouris
T: 212-450-4361
E: natasha.tsiouris@davispolk.com

LONDON

Nick Benham
T: 011-44-20-7418-1356
E: nick.benham@davispolk.com

SÃO PAULO

Manuel Garciadiaz
T: 011-55-11-4871-8401
E: manuel.garciadiaz@davispolk.com

HONG KONG

Martin Rogers
T: 011-852-2533-3307
E: martin.rogers@davispolk.com

TOKYO

Jon Gray
T: 011-81-3-5574-2667
E: jon.gray@davispolk.com