New York, NY (PRWEB) February 25, 2014
Kramer Levin Naftalis & Frankel LLP’s Corporate Restructuring and Bankruptcy Department will be recognized as the “Law Firm of the Year” at the 8th annual M&A Advisor Turnaround Awards, M&A Advisor announced. The award recognizes the firm’s leading role this past year in many of the largest reorganization cases, including Residential Capital, Patriot Coal, Jefferson County, Dewey LeBoeuf, Kodak, American Airlines, AES and others.
Kramer Levin will also be a recipient of the award for “Sec. 363 Sale of the Year (over $1 billion)” for the firm’s representation of the creditors’ committee in the restructuring of Residential Capital LLC. In addition, Kramer Levin will receive the award for “Energy Deal of the Year” for the firm’s representation of the creditors’ committee in the restructuring of AES Eastern Energy, L.P.
Nominations, representing over 500 participating companies, were judged by an independent jury of industry experts. The awards will be presented at the M&A Advisor Turnaround Awards Gala on Tuesday, March 11 in Palm Beach, Fla.
“We are honored to receive these awards,” said Kenneth H. Eckstein, co-chairman of Kramer Levin’s Corporate Restructuring and Bankruptcy Department along with Thomas Moers Mayer. “We are proud of the work we have done guiding our clients through extremely complex restructurings and achieving successful resolutions. These awards are the result of the commitment to hard work and innovative solutions consistently demonstrated by every member of our group.”
The Kramer Levin team on the $2.1 billion ResCap deal was led by Eckstein and included, among others, corporate restructuring partners Douglas Mannal, Stephen D. Zide, Philip Bentley and P. Bradley O’Neill; and litigation partners Gregory A. Horowitz, Philip S. Kaufman, Norman C. Simon, and Jeffrey S. Trachtman.
The Kramer Levin team on the $700 million AES deal was led by corporate restructuring and bankruptcy partner Robert T. Schmidt and included, among others, litigation partner Horowitz, corporate partner Abbe L. Dienstag and tax partner Barry Herzog.
Kramer Levin’s 45-member Corporate Restructuring and Bankruptcy Department handles a wide-range of representations including creditors’ committees, equity committees, debtors, banks, bondholders, trade creditors, landlords, investors, debtor-in-possession lenders and acquirers as well as investors in the purchase and sale of securities and assets of troubled companies. The group has received many other recent recognitions. For example, Law360 named it a “Top Practice Group of the Year” for 2012, and U.S. News & World Report named Kramer Levin “Law Firm of the Year” in bankruptcy litigation for 2012-13.
Kramer Levin Naftalis & Frankel LLP is a premier, full-service law firm with offices in New York, Silicon Valley and Paris. Firm lawyers are leading practitioners in their respective fields. The firm represents Global 1000 and emerging growth companies, institutions and individuals, across a broad range of industries. For more information, please visit http://www.kramerlevin.com.