Marc Abrams

Partner

New York
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099
T 212 728 8200
F 212 728 9200
mabramswillkie.com

Marc Abrams is a partner and Co-Chair of the Business Reorganization and Restructuring Department. 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. Marc 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. Marc 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, Marc 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, Marc is a recognized leader and key advisor in cross-border representations. Marc 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
Marc 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, Marc is regularly called upon for his guidance and expertise. Marc has regularly counseled many institutional clients, including: AlixPartners, LLC;  Barclays Bank PLC; Brookfield Asset Management Inc.; and Monarch Alternative Capital LP.

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Highlights

Marc Abrams is a partner and Co-Chair of the Business Reorganization and Restructuring Department. 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. Marc 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. Marc has also maintained a substantial cross-border practice involving foreign insolvency regimes and related cases under the Bankruptcy Code, including chapter 15 cases.

Selected Significant Matters

Company Side

Marc’s 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.

Marc's 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

Marc’s 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

Marc serves as a contributing editor for Collier on Bankruptcy, the preeminent treatise on bankruptcy law. Marc 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 Marc’s 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." Marc 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. Marc serves on the Advisory Board of the ABI’s annual "Views from the Bench" Conference, held in conjunction with the Georgetown Law Center.

Recognition, Honors & Awards

  • 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.
  • Consistently recognized by Chambers Global and Chambers USA as a leading practitioner n Bankruptcy/Restructuring.
  • Fellow with the American College of Bankruptcy.

Publications / News / Events


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Recognition, Honors & Awards

  • 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.
  • Consistently recognized by Chambers Global and Chambers USA as a leading practitioner n Bankruptcy/Restructuring.
  • Fellow with the American College of Bankruptcy.
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