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Brian M. Resnick
Partner

Mr. Resnick is a partner in Davis Polk’s Restructuring Group. He has substantial experience in a broad range of corporate restructurings and bankruptcies, representing debtors, creditors, banks, hedge funds, asset acquirers and other strategic parties in connection with pre-packaged and traditional bankruptcies, out-of-court workouts, DIP and exit financings, bankruptcy litigation, Section 363 sales and restructurings of monoline insurance companies. Mr. Resnick also advises financial institutions and other clients in structuring complex derivatives and securities transactions, and evaluating credit risks inherent in such transactions.

Work Highlights

Representations
  • Several oil and gas companies and significant creditor groups in connection with the companies’ out-of-court restructurings and chapter 11 cases, including Bonanza Creek Energy, Midstates Petroleum and Memorial Production Partners
  • Arch Coal, James River Coal and Patriot Coal in connection with their respective chapter 11 cases
  • The Ad Hoc Group of Bondholders of Puerto Rico’s Government Development Bank in connection with Puerto Rico’s ongoing restructuring efforts
  • Several major financial institutions in connection with Dodd-Frank Resolution Planning
  • The senior lender group in connection with the multibillion-dollar debt restructuring of Foxwoods Casinos
  • Joint administrators and liquidators of Lehman Brothers International (Europe) and its U.K. Lehman affiliates, including in connection with the tens of billions of dollars of claims that such companies have against Lehman’s U.S. entities
  • Independent directors of MF Global in connection with MF Global’s October 2011 collapse into bankruptcy
  • Citigroup as administrative agent and lead arranger of $950 million debtor-in-possession financing facility for Eastman Kodak Company, and $1.1 billion debtor-in-possession financing facility and $3.5 billion exit facility for Federal Mogul Corporation
  • J.P. Morgan as administrative agent:
    • Under the $4.5 billion debtor-in-possession financing for Delphi Corporation, including in connection with the unprecedented credit bidding of the DIP facility claims in exchange for a substantial portion of Delphi's businesses
    • For pre-petition lenders in connection with several traditional (Coach America) and prepackaged (McLeodUSA, Citation Corporation) bankruptcy cases
  • Silver Point Capital in connection with the backstop of a $355 million equity rights offering to finance Cooper-Standard Automotive's emergence from Chapter 11
  • Alliance Tire Group (co-owned by Warburg Pincus) in connection with its acquisition of the U.S. operations of GPX International Tire Corporation pursuant to Section 363 of the Bankruptcy Code
  • 23 financial institutions counterparties with credit default swap and financial guarantee exposure to monoline insurer Syncora Guarantee Inc. in connection with a comprehensive restructuring of credit default swap and financial guarantee obligations aggregating over $160 billion
  • Federal Reserve Bank of New York with respect to their more than $150 billion in multiple financings for American International Group (AIG)
  • Delta Air Lines and its affiliates as debtors in connection with their chapter 11 cases

Recognition

  • Chambers USA – “Leading Lawyer”

  • IFLR1000 – “Highly Regarded” 
  • Turnaround Atlas Awards:
    • “Corporate Turnaround of the Year” (Arch Coal reorganization), 2017
    • “Chapter 11 Restructuring Turnaround of the Year” (Verso Corporation reorganization), 2017
    • “Industry Restructuring Turnaround of the Year” (Midstates Petroleum reorganization), 2017
  • Annual Turnaround Awards:
    • “Energy Deal of the Year (over $1 billion)” (restructuring of Midstates Petroleum Company, Inc.), 2017
    • “Restructuring Deal of the Year (over $5 billion to $10 billion)” (restructuring of Arch Coal), 2017
  • Turnarounds & Workouts:
    • “Successful Restructurings of 2016” (Arch Coal)
    • "Outstanding Restructuring Lawyer," 2016 and “Outstanding Young Restructuring Lawyer,” 2012
  • Finance Monthly – "Deal Maker of the Year" (James River), 2014
  • Law360 – "Rising Star in Bankruptcy," 2013
  • Super Lawyers
    • "Outstanding Bankruptcy Lawyer"
    • "Rising Star," 2013-2015

He has also been:

  • Profiled in the Wall Street Journal’s Bankruptcy Beat blog on July 26, 2011 (“Bankruptcy Beat Snapshot: Brian Resnick”) and Daily Bankruptcy Review on July 28, 2011
  • Featured as July 22, 2011, “Mover of the Week” in Daily Bankruptcy Review Small Cap’s article entitled “From Broadway to Bankruptcy, Resnick Thrives in Two Careers”

Of Note

  • Member, Committee on Bankruptcy and Corporate Reorganization, New York City Bar Association
  • Member, S.D.N.Y. Bankruptcy Rules Committee
  • Contributing Author, Collier on Bankruptcy

Professional History

  • Partner, 2011-present
  • Associate, 2003-2011

Articles and Books

Multimedia: Podcasts and CLE Webcasts

Contact

  • 450 Lexington Avenue
    New York, NY
    10017
    P: +1 212 450 4213
    F: +1 212 701 5213

Bar Admissions

  • State of New York
  • U.S. District Court, E.D. New York
  • U.S. District Court, S.D. New York

Education

  • B.M., Percussion Performance, The Juilliard School, 1997
  • M.M., Percussion Performance, The Juilliard School, 1999
  • J.D., Columbia Law School, 2003
    • Harlan Fiske Stone Scholar
    • Member, Columbia Business Law Review