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Restructuring

Practice

We are market leaders in U.S. and international restructurings and insolvencies, with extensive experience representing a wide range of parties.

Summary

Companies, directors, financial institutions, institutional investors, hedge funds, acquirers, trustees and administrators call upon us to design and execute value-maximizing strategies. We are critical advisers in restructurings in and out of court, liability management transactions, recapitalizations, exchange offers, debt/equity conversions, distressed M&A and bankruptcy litigation.

Our lawyers in the United States and Europe have advised on high-profile restructurings across industries including energy, retail and transportation – among them, Aeroméxico, California Resources, Chesapeake Energy, Delta Air Lines, Ford, Hertz, Purdue Pharma and Toys “R” Us. We are a premier firm for international and cross-border restructuring, including in Europe, Asia and Latin America.

Clients look to us as leaders in DIP and exit finance, where we work as a single team with our Finance lawyers. We also collaborate seamlessly with colleagues in areas including Capital Markets, IP & Commercial Transactions, Mergers & Acquisitions, Real Estate and Tax

Highlight

“Davis Polk offers exceptional strength in its preeminent group of bankruptcy and restructuring attorneys.”

– Chambers USA

Insights

Insolvency, Edition 12

Recognition

Band 1 in Bankruptcy & Restructuring

The Elite
Chambers USA

Restructuring Team of the Year

IFLR Americas Awards, 2024 and 2025

Bankruptcy Practice Group of the Year

Law360, 2018, 2021 and 2023

Bankruptcy Law Firm of the Year

Chambers USA Awards, 2022

Tier 1 in Restructuring (Including Bankruptcy)

Corporate
Legal 500 U.S.

Tier 1 in Restructuring and Insolvency

United States
IFLR1000

GRR 30

(eighth year in a row)
Global Restructuring Review, 2024

Deal of the Year

(Samarco Mineração restructuring)
Legal 500 Brazil Awards, 2025

Restructuring Deal of the Year (over $1 billion)

(Diebold Nixdorf restructuring)
M&A Advisor International M&A Awards, 2024

Cross Border Restructuring of the Year

(McDermott International restructuring)
M&A Advisor International M&A Awards, 2024
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