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Marc Abrams
Partner


MAIN OFFICE:
New York
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, N.Y. 10019-6099, U.S.A.
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Marc Abrams is a partner and Co-Chair of the Business Reorganization and Restructuring Department of Willkie Farr & Gallagher LLP. He has served as a member of the firm’s Executive Committee and is a member of its European Committee, in which capacity he is currently co-directing the firm’s London based restructuring practice. Mr. Abrams has been instrumental, principally on behalf of debtors, in several complex chapter 11 cases and non-judicial restructurings. He also has extensive experience representing creditors’ committees and groups, opportunistic investors, and lenders. Mr. Abrams has also maintained a substantial cross-border practice involving foreign insolvency regimes and related cases under the Bankruptcy Code, including chapter 15 cases.

Company Side
Throughout his career, Mr. Abrams has regularly produced superior results on behalf of company-side clients in numerous complex chapter 11 cases and in several out-of-court restructurings, including seminal cases such as Adelphia Communications Corp., Angiotech Pharmaceuticals (chapter 15) and Teksid, Inc. In addition, Mr. Abrams is a recognized leader and key advisor in cross-border representations. Mr. Abrams frequently represents clients in the automotive, cable, construction, entertainment/recreation, financial products, health care, high-tech, hospitality, manufacturing, media, mining, retail, telecommunications and transportation industries.

Transactional Side
Mr. Abrams also regularly represents key stakeholders in both chapter 11 and out-of-court restructurings, including official and unofficial committees, strategic investors, purchasers and major creditors. As an industry leader, Mr. Abrams is regularly called upon for his guidance and expertise. Mr. Abrams has regularly counseled many institutional clients, including: AlixPartners, LLC; Barclays Bank PLC; Brookfield Asset Management Inc.; and Monarch Alternative Capital LP.

Selected Significant Matters

Company Side
Mr. Abrams’ representative in-court and out-of-court restructuring matters include:

  • Adelphia Communications Corp.

  • Alliance Entertainment Corp.

  • Allis-Chalmers Corp.

  • AMF Bowling Worldwide, Inc.

  • APS, Inc.

  • Community Newspapers, Inc.

  • Days Inn of America, Inc.

  • Integrated Resources, Inc.

  • Journal Register Company

  • L.M. Sandler & Sons, Inc.

  • LandAmerica Financial Group, Inc.

  • Mosler, Inc.

  • Orion Pictures, Inc.

  • Petrie Retail, Inc.

  • Phoenix Steel Corp.

  • Prime Hospitality Corp.

  • RathGibson, Inc.

  • Schwinn Cycling & Fitness, Inc.

  • Starter Corp.

  • Sunterra Corp.

  • The LTV Corp.

  • The Multicare Companies

  • The Weinstein Company

  • USinternetworking, Inc.

  • Woodward & Lothrop, Inc.
Mr. Abrams’ representative cross-border matters include:
  • Angiotech Pharmaceuticals, Inc. (chapter 15 on behalf of the company)

  • Arctic Glacier International, Inc. (chapter 15, pending; on behalf of CCAA Monitor)

  • Crystallex International Corp. (chapter 15, pending; on behalf of the company)

  • Great Basin Gold (chapter 15, on behalf of CCAA Monitor)

  • Nortel Networks, Inc. (pending; on behalf of UK Pension Schemes and UK PPF)

  • Readers’ Digest Association, Inc. (on behalf of UK PPF)

  • AMF Bowling (pending; on behalf of UK PPF)

  • Teksid, Inc. (out-of-court restructuring involving operating assets located in 12 countries)

Transactional Side
Mr. Abrams’ representative transactional side matters include:

  • Cengage Learning, Inc. (pending; Investigations Counsel)

  • Delphi Corporation (on behalf of the Ad Hoc DIP Lender Committee)

  • General Growth Properties (on behalf of Brookfield Asset Management as cornerstone investor)

  • Next Wave Communications (on behalf of Northrop Grumman)

  • Residential Capital, LLC (on behalf of the Ad Hoc Committee)

  • Resort Finance America, LLC (on behalf of GMAC)

  • Rothschild, Inc. (as financial advisor to a major government-controlled company)

  • Sea Containers Services, Ltd. (on behalf of the Official Committee of UK Pension Schemes)

  • TOUSA, Inc. (pending; on behalf of the major debtholder)
Selected Publications and Lectures
Mr. Abrams serves as a contributing editor for Collier on Bankruptcy, the preeminent treatise on bankruptcy law. Mr. Abrams has authored or co-authored numerous published articles, including "Third Circuit Holds That Claims Are Disallowable Under Section 502(d) of the Bankruptcy Code No Matter Who Holds Them," Metropolitan Corporate Counsel (January 2014),"Exceptional Results Through Cross-Border Coordination," 24 Comm. Insol. R. 49-57 (June 2012), "Implications of the "Bad Faith Filing" Decision in GGP’s Bankruptcy Proceeding", BNA, Inc., Real Estate Law & Industry (2009), and "Key Rulings from the Delaware Bankruptcy Court’s Rejection of Washington Mutual’s Plan of Reorganization," Pratt’s Journal of Bankruptcy Law, Vol. 7, Number 8 (2011). Two of Mr. Abrams’ articles are published in the Best of ABI – 2012 publication, including "Confirmation Roundtable: Planning for an Exit and Other Developments in Confirmation Jurisprudence" and "Tranche Warfare II: Multifaceted Intercreditor Disputes." Mr. Abrams is the co-author of the LexisNexis Practitioner’s Guide to Chapter 15 Bankruptcies, an extensive chapter in the Lexis Bankruptcy Portal. He lectures frequently, including at conferences sponsored by the American College of Investment Counsel, the American Bankruptcy Institute, Valcon, the American College of Bankruptcy, National Conference of Bankruptcy Judges and the Association of the Bar of the City of New York. He is also a certified mediator for the U.S. Bankruptcy Courts for the Southern District of New York and the District of Delaware. Mr. Abrams serves on the Advisory Board of the ABI’s annual "Views from the Bench" Conference, held in conjunction with the Georgetown Law Center.

Additional Information
AWARDS AND RECOGNITION
  • 2011 Professor Lawrence P. King Award in recognition of his achievements in the field of bankruptcy law and for his leadership in philanthropy

  • "2009 Dealmaker of the Year" by The American Lawyer (April 2010) for his work in the Delphi Corporation restructuring

  • Recognized as one of the 500 Leading Lawyers in America in the Lawdragon 500 guide (2010)

  • Received the 2012 IFLR Americas Awards in the "Restructuring Deal of the Year" category for his lead role in the cross-border (Canada/U.S.) restructuring of Angiotech Pharmaceuticals, Inc.
Education
1978, Widener University School of Law, J.D.
1975, Villanova University, B.A.

Bar Admissions
Delaware, 1978
New York, 1985
Pennsylvania, 1981

Courts
  • United States Court of Appeals, 2nd Circuit, 1988
  • United States Court of Appeals, 3rd Circuit, 1991
  • United States District Court, District of Delaware, 1979
  • United States District Court, Eastern District of New York, 1986
  • United States District Court, Southern District of New York, 1985


Practice Focus
Business Reorganization and Restructuring

Education
  • 1978, Widener University School of Law, J.D.
  • 1975, Villanova University, B.A.

Bar Admissions
Delaware, 1978
New York, 1985
Pennsylvania, 1981

Courts
  • United States Court of Appeals, 2nd Circuit, 1988
  • United States Court of Appeals, 3rd Circuit, 1991
  • United States District Court, District of Delaware, 1979
  • United States District Court, Eastern District of New York, 1986
  • United States District Court, Southern District of New York, 1985




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