Davis Polk Welcomes Financial Restructuring Counsel Steven Z. Szanzer

Davis Polk & Wardwell LLP today announced that Steven Z. Szanzer has joined the firm as counsel in its Insolvency and Restructuring Group in New York.

Mr. Szanzer joins Davis Polk from Milbank Tweed's Financial Restructuring Group, where he represented debtors and creditors in connection with large chapter 11 cases, restructurings, workouts, ancillary/cross-border insolvency cases, foreign restructurings, chapter 7 cases, commercial transactions and lending arrangements. Mr. Szanzer has served clients across a wide array of industries, including financial, grocery, energy, retail, shipping, space and telecommunications, manufacturing, recycling and waste handling equipment, automotive, airline, cable and broadcasting, gambling, resort, medical supplies, health care, senior care, pharmaceutical, chemical, and project finance. In addition, Mr. Szanzer has acted as counsel to chapter 11 debtors, secured and unsecured creditors, official and ad hoc committees of creditors, investors, borrowers, agents for lender syndicates, indenture trustees, special servicers, large debt holders, acquirers of assets of distressed companies, plan sponsors, plan administrators, purchasers and sellers of claims against chapter 11 debtors, landlords, and financial and other consultants.

Previously, Mr. Szanzer was with Willkie Farr & Gallagher LLP. He earned his J.D. from Fordham Law School.

“We are very excited that Steve is joining Davis Polk and our internationally recognized  Insolvency and Restructuring practice,” said Donald S. Bernstein, co-head of the firm’s practice.

Added practice co-head Marshall S. Huebner, “Steve has established an exceptional marketplace reputation for his work on significant restructuring matters.”

Mr. Szanzer said, “Davis Polk is extremely well known for its work on behalf of debtors and creditors on some of today’s most complex and important matters. It’s great to be part of the Davis Polk team.”

Davis Polk’s Insolvency and Restructuring Group has a global reputation 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, the firm represents 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.

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