Timothy Graulich
  1. Partner

Mr. Graulich is a partner in Davis Polk’s Restructuring Group. He has substantial experience in a broad range of domestic and international restructurings, including the representation of public and private companies, agent banks and lenders, acquirers and hedge funds in connection with pre-packaged and traditional bankruptcies, out-of-court workouts, DIP and exit financings, bankruptcy litigation and Section 363 sales.

Work Highlights

Mr. Graulich was counsel to:

  • Volkswagen, as the largest customer, in the worldwide restructuring of Takata
  • Significant stakeholder with respect to Oi S.A.’s in-court restructuring in Brazil
  • Digicel Group One Limited and its foreign representatives in connection with a Bermuda scheme of arrangement
  • The Foreign Representative of ENNIA Caribe Holding N.V. and certain of its subsidiaries in connection with their chapter 15 proceedings
  • Ballantyne Re plc and its foreign representative in connection with an Irish scheme of arrangement that successfully restructured over $1.6 billion of claims with over 98% credit support
  • The foreign representative of Cryptopia Limited in connection with their chapter 15 proceedings
  • Oro Negro Drilling Pte. Ltd. on the restructuring of $939.1 million of senior secured bonds
  • Tonon Bioenergia S.A. and its subsidiaries in connection with judicial recovery proceedings in Brazil
  • Embraport, a Brazilian port operator, in connection with its potential restructuring
  • The largest creditor to USJ Açúcar e Álcool S.A. with respect to USJ’s debt restructuring and tender offer
  • Odebrecht Oil & Gas on an in-court restructuring of $5 billion of corporate and project debt through an RJ in Brazil
  • An ad hoc committee of creditors of Grupo Infinity in its RJ proceeding
  • The indenture trustee working at the instruction of Majority Lenders in connection with the exercise of remedies against the Schahin Group
  • Rank Group and its affiliates in connection with the restructuring of UCI Holdings International
  • The prepetition first-lien lenders and proposed DIP lenders in the chapter 11 case of C&J Energy
  • Mongolian Mining Corp. and its subsidiaries in connection with creditor negotiations and planning for potential cross-border insolvency proceedings in the Cayman Islands, Hong Kong, the United States or other jurisdictions
  • The committee of second lien and DIP lenders to RCS Holdings
  • The agent in connection with the $1.5 billion exit loan to LightSquared
  • Comcast in connection with the involuntary bankruptcy of Houston Regional Sports Network, L.P.
  • The joint administrators of Lehman Brothers International (Europe) in connection with more than $10 billion of claims against Lehman Brothers Inc. in the largest SIPC case in history
  • The Foreign Representative of Elpida Memory, Inc. in the first-ever chapter 15 recognition of a Japanese reorganization case
  • Citibank in connection with the litigation of the assumption of AAdvantage Program agreements
  • The prepetition and DIP agent to Sbarro Inc.
  • The co-lender in connection with the out-of-court restructuring of $2.2 billion of debt issued by Highland Hospitality
  • Morgan Stanley in connection with the out-of-court restructuring of MS Resorts
  • A leading financial institution in connection with various exposures to CIT Group, including as agent with respect to a $500 million exit letter of credit facility
  • The agent in connection with the out-of-court restructurings of Georgia Gulf and Fountainebleu Miami
  • Citibank, as agent, in Lyondell, including advising with regard to the largest private DIP financing ($8.5 billion) in U.S. history
  • 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
  • The agent for WCI Communities' DIP loan 
  • Credit Suisse, as agent, in Owens Corning, including advising with regard to substantive consolidation, the successful resolution of which resulted in a lender recovery of over 165% of par
  • Star Tribune in its chapter 11 case
  • Delta Air Lines in connection with litigation with Mesa Air Group
  • Delta Air Lines in one of the largest and most successful chapter 11 restructurings in U.S. history
  • Frontier Airlines in its chapter 11 case
  • Among others, Adelphia Business Solutions, Acterna Corporation, Sunbeam Corporation and St. Vincent’s Medical Center in their respective chapter 11 cases

He has:

  • Represented senior credit facility administrative agents in a number of other high-profile restructurings
  • Represented asset purchasers and sellers in connection with in-court and out-of-court asset sales
  • Worked on a number of general financing matters, representing borrowers, agent banks and creditors


Mr. Graulich is consistently recognized for his work in the legal industry:

  • Chambers USA – Bankruptcy/Restructuring (New York)
  • IFLR1000  – Restructuring and Insolvency (US)
  • Turnarounds & Workouts – Outstanding Restructuring Lawyer
  • Super Lawyers –  Bankruptcy (New York)
  • Lawdragon – One of the 500 Leading Global Restructuring & Insolvency Lawyers
  • BTI – Client Service All-Star
  • American Lawyer Global Legal Awards – Global Finance Deal of the Year (Oi) | 2018
  • IFLR Asia Awards – Asia Restructuring Deal of the Year (Mongolian Mining) | 2018
  • The Global M&A Network Atlas Awards – Corporate Turnaround of the Year  (CJ Energy) | 2017
  • The Global M&A Network Atlas Awards – Industry Restructuring Turnaround of the Year (RCS Capital) | 2017
  • The M&A Advisor Turnaround Awards – Chapter 11 Reorganization of the Year (RCS Capital) | 2017
  • American Lawyer Global Legal Awards – Global Finance Deal of the Year (Elpida) | 2014
  • Financial Times U.S. Innovative Lawyers – Highly Commended (Elpida) | 2013

Of Note

  • Contributing Author, Collier Bankruptcy Practice Guide 
  • Contributing Author, The International Insolvency Review
  • Author of numerous articles, including "Substantive Consolidation – A Post-Modern Trend," 14 Am. Bankr Inst. L. Rev. 1 (2006)
  • INSOL Fellow Class, 2014-2015
  • Co-Chair, ABI NYC Conference
  • Vice Chair, IBA Insolvency Section’s Financial Institutions Insolvency Subcommittee
  • Member, International Insolvency Institute 
  • Member, Latin American Regional Forum, International Bar Association

Professional History

  • Partner, 2009-present
  • Counsel, Davis Polk, 2006-2009
  • Associate, Weil, Gotshal & Manges, 2001-2006

Practice Focus

Bar Admissions

  • State of New York
  • State of New Jersey
  • U.S. Supreme Court
  • U.S. Court of Appeals, Second Circuit
  • U.S. Court of Appeals, Third Circuit
  • U.S. Court of Appeals, Fifth Circuit
  • U.S. District Court, New Jersey
  • U.S. District Court, E.D. New York
  • U.S. District Court, S.D. New York
  • U.S. District Court, W.D. New York


  • B.A., Philosophy and Political Science, St. John's University, 1991
    • summa cum laude
    • Valedictorian
  • J.D., St. John's University School of Law, 1994
    • St. Thomas More Scholar
    • Member, American Bankruptcy Institute Law Review
  • LL.M., Bankruptcy, St. John's University School of Law, 2006