Marshall S. Huebner, co-head of Davis Polk's Insolvency and Restructuring Group, testified by invitation before Congress on how to restructure the Bankruptcy Code to strike a better balance between debtors' needs for reorganization tools and the needs of and issues facing employees of companies in Chapter 11. The hearing was held before the House Judiciary Subcommittee on Commercial and Administrative Law. Mr. Huebner served as lead bankruptcy and restructuring counsel to Delta Air Lines, for which he was named “Dealmaker of the Year” by The American Lawyer in 2007, and was also lead counsel to Frontier Airlines and the Star Tribune Company in their recent Chapter 11 proceedings. He is also lead counsel to the Federal Reserve Bank of New York and the U.S. Department of Treasury in matters relating to AIG, for which he was again named a “Dealmaker of the Year” by The American Lawyer in 2009.

Click here to read a transcript of Mr. Huebner's testimony.

Click here to watch the hearing in its entirety.

Click here to read the article from BNA’s Daily Labor Report.