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.
As noted below, our insolvency and restructuring practice has received wide industry recognition for many of the successful representations completed on behalf of our clients over the past year, including matters involving Lehman, Tribune and Coach America. These representations, in addition to the recent victories obtained in two large debtor cases involving Patriot Coal (one of the largest coal producers in North America) and Pinnacle Airlines (one of the largest regional airlines in North America) further solidify our position as a leading insolvency and restructuring firm.
We are known for our work in cross-border insolvency and restructuring matters as well. 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 Nortel, Hoku and Lehman.
Davis Polk is also widely recognized for its market share of the most strategic and innovative advisory and transactional assignments. Since the beginning of the financial crisis in 2008, we have been one of the leading global law firms working, both domestically and internationally, with regulators to solve the “too big to fail” problem and representing the vast majority of the largest systemically important financial institutions required to file “living wills” under the Dodd-Frank Act.