Lowenstein Sandler Boosts New York Bankruptcy Offering

September 24, 2020

Source: ICLG.com

The New York bankruptcy, financial reorganisation and creditors’ rights division at Lowenstein Sandler has welcomed new senior legal counsel Brent Weisenberg. Brent Weisenberg brings in-house legal experience gained during three years in his most recent position as general counsel at Platinum Credit Management.

Bringing nearly 20 years’ experience to Lowenstein Sandler, Weisenberg represented debtors, creditors, equity holders, investors and secured and unsecured creditors in all stages of distressed and stressed companies’ restructuring during 13 years at Cooley, moving on to handle Chapter 11 reorganisations, out-of-court restructurings, debtor-in-possession loans, secured financings and investments in distressed companies, while at Ballard Spahr for three years.

In his most recent position, Weisenberg acted for the receiver on winding down hedge funds with over USD 500 million assets under management. In addition, his expertise spans the negotiation and execution of intricate commercial transactions, the prosecution and defence of commercial litigation and the acquisition and disposal of distressed assets.

His clients are primarily in the retail, real estate, construction, telecommunications and technology, hospitality and manufacturing industries.

In a statement, the chair of Lowenstein Sandler’s bankruptcy practice, Kenneth Rosen, said that Weisenberg’s “unique experience serving as general counsel to Platinum Partners and its receiver, the former chief judge of the Eastern District of New York’s bankruptcy court, not only helped him solidify his ability to solve the business and financial issues facing entities today but allowed him to gain an unmatched perspective on the wind-down of private equity and hedge fund vehicles, a sector where we are seeing increasing volatility”.

Also adding to its restructuring and insolvency capabilities, Latham & Watkins  with international financings and restructuring expertise from Allen & Overy in Madrid, while Armstrong Teasdale reeled in a team of  in Missouri, all this month.

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