11:30 am PT | 1:30 pm CT | 2:30 pm ET
Webinar | January.29.2025
VirtualThe Fifth Circuit struck down Serta Simmons’ 2020 uptier transaction, while the New York Appellate Division upheld a similar transaction in a case involving Mitel Networks, exposing key differences in how courts interpret liability management strategies. These rulings create uncertainty, prompting questions about the practicality and risks of strategies like uptiering. What liability management transactions are most vulnerable? What remedies can excluded lenders now pursue?
Join Team Orrick for a live presentation as we break down the impact of these rulings and offer practical guidance for lenders. Topics of discussion will include:
MCLE credit is pending.
New York
Ron is the designated restructuring counsel to many leading financial institutions such as The Royal Bank of Scotland, Bank of America, Citibank, Commerzbank, Toronto-Dominion Bank and The Bank of Nova Scotia. He has represented clients in bankruptcies, workouts, DIP loans, distressed debt transactions, bankruptcy litigation, derivatives and distressed acquisitions. Ron has represented interests of financial institutions and investors in such restructuring and bankruptcy cases as Ocean Rig, Seadrill, CHC Helicopter, Erickson, Indiana Toll Road, Pocahontas Parkway, Eagle Bulk, Spyglass Films, American Airlines, Republic Airlines, Chemtura Corporation, Quebecor, AbitibiBowater, North Las Vegas, Ritchie Risk-Linked Strategies, Star Diamond, Lehman and Mesa Airlines.
In the Restructuring (Including Bankruptcy): Corporate category of The Legal 500 US directory, Ron’s clients praise his “practical and strategic approach.” Another noted, “Each time I discuss an issue with [him], I am both amazed at his ability to understand my concerns and his complete knowledge of the subject. He puts me at ease and there is never a time that I cannot reach him.” Regarded as a leader in financial restructurings by clients and peers alike, Ron understands every phase of a bankruptcy and restructuring matter and knows how to effectively position a client to control opposition and maximize results.
New York
Meredith joined the firm as a summer associate in the New York office in 2016. Through years of hands-on experience and collaborative client relationships, she has developed a multifaceted understanding of financing structures in credit and lending. Meredith’s transactional experience includes acquisition and leveraged finance facilities; direct lending transactions; first lien, second lien and first-out/last-out unitranche facilities; recurring revenue loans; and asset-based and other specialty financings across a variety of industries.
Sacramento
As a member of Orrick's Restructuring Group, Nick represents a variety of institutional creditors in restructuring-related matters.
Prior to law school, Nick served as an infantry officer in the Army for over seven years, where he graduated from U.S. Army Ranger School and led organizations of more than 200 personnel in training and combat environments.
New York
Michael has been recognized as a Rising Star in Bankruptcy by Super Lawyers since 2021. His practice spans a broad range of roles, serving stakeholders across a company's capital structure, including lenders, creditors committees, debtors and asset purchasers. Beyond his core restructuring practice, Michael is an avid litigator. He regularly represents clients in contentious matters within bankruptcy courts, as well as in chancery and federal district courts.
Before entering private practice, Michael served as law clerk in the United States Bankruptcy Court for the District of New Jersey.