We have played a leading role in many of the largest municipal insolvencies of recent years — including those of Puerto Rico, Argentina, Detroit and Jefferson County.
Combining creativity, sophistication and a deep knowledge of municipal finance, bankruptcies and financial restructuring, Kramer Levin’s Bankruptcy and Restructuring lawyers represent bondholders and other investors, as well as indenture trustees in Chapter 9, and other in- and out-of-court municipal restructurings throughout the U.S. and around the world.
We guide clients at each stage of a municipal restructuring, from early negotiations through final resolution and debt enforcement. Our firm has played a leading role in many of the largest municipal insolvencies of recent years— including those of Puerto Rico, Argentina, Detroit and Jefferson County, AL — negotiating with key stakeholders, driving to consensus and litigating when necessary.
Offers notable expertise with regards to bondholder representations in municipal restructurings, taking major roles in the recent insolvencies of both Argentina and Puerto Rico.
Kramer Levin Advises Bondholders in Successful Restructuring of AES Puerto Rico L.P., Ensuring Continued Viability of Critical Energy-Generating Assets
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Category
Announcements
Date
Jan. 08, 2024
Title
Kramer Levin Names Amy Caton Co-Chair of the Firm’s Bankruptcy and Restructuring Practice
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Category
Announcements
Date
Dec. 01, 2020
Title
Kramer Levin Recognized by Law360 with Practice Group of the Year Designations for Real Estate and Bankruptcy and Restructuring
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Category
Announcements
Date
Oct. 29, 2019
Title
Kramer Levin Wins USA Law Firm of the Year and Three Deal Awards at 2019 M&A Atlas Awards
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Category
Media Mentions
Date
Sept. 25, 2017
Title
The Bond Buyer: PREPA Bondholders Deny Disclosure Claims
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Category
Announcements
Date
March 02, 2016
Title
Kramer Levin Represents Funds in $4.65 Billion Argentina Bond Litigation Settlement
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Category
Media Mentions
Date
Feb. 02, 2016
Title
The New York Times: A Warning on Bankruptcy in Puerto Rico’s Debt Crisis
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Category
Announcements
Date
Feb. 01, 2016
Title
Thomas Moers Mayer to Testify in Congressional Hearings on Puerto Rico
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Category
Announcements
Date
July 07, 2015
Title
Kramer Levin Wins First Circuit Appeal Declaring Puerto Rico’s Restructuring Act Unconstitutional
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Category
Announcements
Date
Feb. 07, 2015
Title
Kramer Levin Clients Franklin and Oppenheimer Have Big Win With Puerto Rico Recovery Act Declared "Unconstitutional"
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Category
Announcements
Date
Nov. 07, 2014
Title
City of Detroit Adjustment Plan Confirmed in Largest Municipal Bankruptcy Case in U.S. History
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Category
Defining Matters
Title
Kramer Levin Plays Lead Role in Puerto Rico Restructuring
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Category
Defining Matters
Title
SCOTUS: Federal Bankruptcy Code Pre-empts Puerto Rico’s Debt Enforcement and Recovery Act
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Recognition
Year
2005 – 2024
Name
Chambers USA/Chambers Global
Description
Recognized for Bankruptcy and Restructuring in Chambers USA (2005 – 2024) and Chambers Global (2006 – 2024)
Year
2009 – 2024
Name
Legal 500 US
Description
Ranked in Top Tier for Restructuring (Including Bankruptcy): Municipal (2019 – 2024); Recognized for Restructuring and Bankruptcy (Including Bankruptcy): Corporate (2024); Corporate Restructuring Law Firm of the Year (2014, 2022)
Year
2019
Name
Global M&A Network’s Americas M&A Atlas Awards
Description
Restructuring Deal of the Year – COFINA (Puerto Rico’s Sales Tax Financing Corp.)
Year
2006-2017
Name
Chambers Global
Description
Recognized for Bankruptcy and Restructuring
Year
2010 – 2024
Name
U.S. News & World Report and Best Lawyers’ Best Law Firms
Description
Tier 1 for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (New York: 2010 – 2024); Tier 1 for Bankruptcy Litigation (National: 2023; New York: 2015 – 2024); Bankruptcy Litigation Law Firm of the Year (2011 – 2012)
Year
2010-2014
Name
U.S. News & World Report and Best Lawyers’ Best Law Firms
Description
Tier 1 for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (National)
Year
2017
Name
M&A Advisor’s Turnaround Awards
Description
Utilities Deal of the Year Award for the Representation of the Major Bondholder Group in the Debt Restructuring of Puerto Rico Electric Power Authority (PREPA) (Representing the Major Bondholder Group)
Year
2017
Name
M&A Advisor’s Turnaround Awards
Description
Restructuring Deal of the Year Award (>$10bn) for the Representation of the Major Bondholder Group in the Debt Restructuring of Puerto Rico Electric Power Authority (PREPA)
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