Davis Polk is recognized worldwide for its substantial experience in insolvency and restructuring. As one of the only firms in the world with both a leading debtor-side practice and a leading lender-side practice, we represent a wide range of clients, including companies in need of financial restructuring, leading financial institutions and hedge funds, investors, acquirers, business partners, trustees, administrators and receivers in connection with the largest and most complex insolvencies and restructurings, as well as in connection with acquisitions of distressed companies, debtor-in-possession financings and exit financings.
Our insolvency and restructuring practice has received wide industry recognition for many of its successful representations, including recent matters involving Elpida Memory, Pinnacle Airlines, Patriot Coal, Lehman Brothers International Europe and its U.K. affiliates, Cengage Learning, Exide Technologies and the Detroit Chapter 9 case.
We are also the firm of choice for cross-border insolvency and restructuring matters, due to the firm’s recognized expertise in that area. Our insolvency lawyers are adept at navigating this increasingly complex environment and finding sophisticated consensual solutions to seemingly intractable problems. The landmark decision obtained in Elpida is a recent example of our work in this area, as are our major assignments in Argentina, Lehman, Nortel, OGX and Hoku.
What further distinguishes Davis Polk from its peers is its market share of the most strategic and innovative advisory and transactional assignments. The firm has, for example, 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. We testified before Congress twice over the last year as an expert on the bankruptcies of financial firms.