Davis Polk & Wardwell LLP

Davis Polk & Wardwell LLP
Davis Polk & Wardwell LLP

Davis Polk & Wardwell LLP is a global law firm with 11 offices strategically located in key business centers and political capitals around the world. For more than 170 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 Experience

We are a firm of choice for cross-border insolvency and restructuring matters, particularly in Europe, 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 Corss-Border and International Thought Leadership

  • INSOL: INSOL Fellow, Former Co-Chair and current Member of G-36 Committee
  • Global Restructuring Review: Editorial Board Member, Co-Chair of GRR NY Live, Speaker at Latin Lawyer-GRR Live Restructuring Summit
  • IBA: Member of Latin American Regional Forum, Senior Vice Chair Conference Quality of Insolvency Section
  • International Insolvency Institute: Founding Director, former President and current Member, Executive Committee Member
  • 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

Recent Recognition

  • Consistently recognized as a Band 1 Bankruptcy/Restructuring practice by Chambers USA, Chambers Global, Legal 500 and IFLR1000
  • Consistently recognized as a leading cross-border restructuring and insolvency practice by Global Restructuring Review
  • 2025 Deal of the Year, Legal 500 Brazil Awards (Samarco)
  • 2025 Restructuring Team of the Year, IFLR Americas Awards
  • 2024 Cross Border Restructuring of the Year, M&A Advisor Awards (McDermott)
  • 2023 Bankruptcy Practice Group of the Year, Law360
  • 2022 Law Firm of the Year, Chambers USA Awards

Recent Notable Assignments

Avianca – Advised an ad hoc group of investors on Avianca’s US$1.05 billion A-1 DIP-to-exit financing and advised LifeMiles on Avianca’s Chapter 11 restructuring.

Avon Products – Advised Natura &Co Holding S.A. in connection with Avon Products' Chapter 11, including a coordinated claims settlement and $125 million credit bid for substantially all assets.

Azul – Advised the company on their Chapter 11 restructuring and ensuing litigation.

Ballantyne - Advised the company on a proposed restructuring involving Chapter 15 recognition of an Irish scheme of arrangement.

bitFlyer – Advised the company on its Section 363 acquisition of FTX Japan K.K., a debtor in the Chapter 11 cases of FTX Trading.

Canacol – Advised an ad hoc group of noteholders in connection with the in-court restructuring of Canacol Energy Ltd.

China Fishery - Advised a major lender in the Chapter 11 bankruptcy cases of China Fishery Group.

Cryptopia - Advised the foreign representative of Cryptopia in obtaining Chapter 15 recognition of Cryptopia’s liquidation proceedings in New Zealand.


Contacts

LONDON

Jifree Cader
T: +44 20 7418 1367
E: [email protected]

Mark Knight
T: +44 20 7418 1399
E: [email protected]

Nick Benham
T: +44 20 7418 1356
E: [email protected]

 



Diebold – Advised an ad hoc group of noteholders and lenders to Diebold Nixdorf on a cross-border debt recapitalization.

Digicel – Advised the company on a cross-border restructuring of approximately US$5 billion of indebtedness.

Dodd-Frank Advisory - We remain the leading U.S.-based global law firm working both domestically and internationally, with regulators to solve the “too big to fail” problem.

Fung Retailing - Advised the company in connection with its investment in the Asian subsidiaries of Toys “R” Us. LATAM Airlines – Advised a shareholder and DIP lender on LATAM’s in-court restructuring in Chile and Chapter 11 proceedings.

Luckin – Advised the company on its cross-border restructuring, including an SEC settlement and Chapter 15 recognition of its Cayman Islands provisional liquidation.

Marelli – Advised Mizuho Bank, Ltd. (Tokyo Central Branch) in multiple capacities, including as Marelli's largest lender, in Marelli's Chapter 11 proceedings.

McDermott – Advised an ad hoc group of crossover lenders and equityholders in McDermott International's cross-border restructuring of approximately US$4 billion of debt.






SÃO PAULO

Manuel Garciadiaz
T: +55 11 4871 8401
E: [email protected]


HONG KONG

Marin Rogers
T: +852 2533 3307
E: [email protected]



Netceed - Advised the administrative agent and revolving lenders in Netceed’s €1.9 billion debt restructuring.

Ocyan– Advised Ocyan and certain subsidiaries on a consensual cross-border restructuring of approximately US$2.7 billion of indebtedness.

Odebrecht Engenharia e Construção - Advised an ad hoc group of bondholders in connection with Odebrecht Engenharia e Construção’s restructuring.

Odebrecht Oil & Gas - Advised the company on its restructuring in Brazil.

Oi – Advised an ad hoc group of Oi noteholders in its Brazilian recuperação judicial, U.S. Chapter 15 cases and related DIP financing.

Puerto Rico - Numerous assignments involving the Commonwealth of Puerto Rico, including advising bondholder groups, including Bonistas del Patio, in Puerto Rico's multi-billion-dollar debt restructuring.

Schahin - Advised the majority creditors in Schahin's cross-border restructuring, including enforcement actions, a Cayman scheme and Chapter 15 recognition.

Samarco - Advised an ad hoc group of holders of a majority of Samarco’s funded debt on the Brazilian restructuring and Chapter 15 case.

Takata - Advised Volkswagen on the restructuring of Takata.




NEW YORK

Donald S. Bernstein
T: +1 212-450-4092
E: [email protected]

Timothy Graulich
T: +1 212-450-4639
E: [email protected]

Marshall S. Huebner
T: +1 212-450-4099
E: [email protected]

Darren S. Klein
T: +1 212-450-4725
E: [email protected]

David Schiff
T: +1 212-450-3182
E: [email protected]