Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, N.Y. 10019-6099, U.S.A.
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 (2002-2007 & 2009) and is a member of its European Committee. 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 DIP 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.
Chambers USA and Chambers Global, among other juried guides, have consistently ranked Mr. Abrams among the leading individuals specializing in Bankruptcy/Restructuring Law in the United States and abroad. Mr. Abrams is also listed annually in Expert Guides – The Best of the Best, America’s Top Restructuring Lawyers, The K&A Restructuring Register - America's Top 100, The Best Lawyers in America, and the World's Leading Insolvency and Restructuring Lawyers. Mr. Abrams received the 2011 Professor Lawrence P. King Award in recognition of his achievements in the field of bankruptcy law and for his leadership in philanthropy. Other honors include being named as one of a select few as "2009 Dealmaker of the Year" by The American Lawyer (April 2010) for his work in the Delphi Corporation restructuring, being recognized among the 500 Leading Lawyers in America in the Lawdragon 500 guide (2010), and being among the honorees at 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.
Selected Professional and Business Activities
Mr. Abrams has chaired the Committee on Bankruptcy and Corporate Reorganization of the Association of the Bar of the City of New York, and has served as the head of its Subcommittee on DIP Financing guidelines. He is also a Fellow of the American College of Bankruptcy and a member of its Board of Regents, and a member of the International Insolvency Institute.
Mr. Abrams serves as a contributing editor for Collier on Bankruptcy,
the preeminent treatise on bankruptcy law. He has authored or co-authored numerous published articles, including 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). 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, 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.
Selected Significant Matters
Mr. Abrams frequently represents clients in the telecommunications, cable, media, retail, construction, manufacturing, entertainment/recreation, automotive, health care, hospitality, and high-tech industries.
During his career, Mr. Abrams has been instrumental on behalf of debtors in numerous complex chapter 11 cases and in several out-of-court restructurings. Some of Mr. Abrams’ company side matters include: Adelphia Communications Corp; Alliance Entertainment Corp.; Allis-Chalmers Corp.; AMF Bowling Worldwide, Inc.; APS Holdings, Inc.; ATM Acquisition Corp.; ATX Communications, Inc.; Brooks Fashion Stores, Inc.; Classic Cable, 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.; Teksid, Inc.; The LTV Corp.; The Multicare Companies; The Weinstein Company; USinternetworking, Inc.; and Woodward & Lothrop, Inc
In addition, Mr. Abrams is a recognized leader and key advisor in cross- border representations. His most recent cross-border representations 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 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); and AMF Bowling (pending; on behalf of UK PPF).
Mr. Abrams also regularly represents key stakeholders in both chapter 11 and out-of-court restructurings, including official and unofficial committees, purchasers, investors, and major creditors. These representations 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 (pending; 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); Tribune Company (on behalf of Comcast Corporation); and TOUSA, Inc. (pending; on behalf of the major debtholder).
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; Alvarez & Marsal, Inc.; Barclays Bank PLC; Capstone Advisory Group, LLC; and Monarch Alternative Capital LP.
1978, Widener University School of Law, J.D.
1975, Villanova University, B.A.
New York, 1985
- 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