Paul V. Shalhoub

Partner

New York
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099
T 212 728 8764
F 212 728 9764
pshalhoubwillkie.com

Paul V. Shalhoub is a partner in Willkie’s Business Reorganization and Restructuring Department, focusing on bankruptcy and corporate restructuring transactions, acquisitions and sales of distressed companies, debtor in possession financing and related matters. Paul also regularly assists creditors, advisers and other parties involved in judicial and non-judicial restructurings.

Chapter 11 Debtor Representations
Paul has significant experience representing debtors in large, complex chapter 11 cases and out of court restructurings. Representations in this area have included KV Pharmaceutical Company, Pendum, Inc., RathGibson, Inc., LandAmerica Financial Group, Inc., Greatwide Logistics Services, Inc., Adelphia Communications Corporation, Petroleum GEO Services ASA, CoreComm New York, Inc., The Multicare Companies, Inc., Railworks Corporation, Paragon Trade Brands, Inc., USinternetworking, Inc., and Petrie Retail, Inc.

Significant Creditor and Investor Representations
Paul also regularly represents hedge funds and other private equity clients in their capacities as investors, lenders and creditors of distressed entities. Clients in this area have included Monarch Alternative Capital LP, Twin Haven Capital Partners, LLC, Ares Capital Management, Brookfield Asset Management, Inc., Silver Point Capital, Bayview Asset Management, Leonard Green & Partners, and TPG. He also represents creditors and other stakeholders, investors, acquirers, lenders and financial advisors in both chapter 11 cases and non-judicial matters, including Credit Suisse, Colony Capital, Warburg, MAEVA Advisors, LLC, RJM, LLC and other firm clients.

Chambers USA (2014) recognizes Paul as a leading Bankruptcy and Restructuring Law practitioner in New York.

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Highlights

Paul V. Shalhoub is a partner in Willkie’s Business Reorganization and Restructuring Department, focusing on bankruptcy and corporate restructuring transactions, acquisitions and sales of distressed companies, debtor in possession financing and related matters. Paul also regularly assists creditors, advisers and other parties involved in judicial and non-judicial restructurings.

Selected Significant Matters

Chapter 11 Debtor Work

Paul has been instrumental on behalf of debtor clients in numerous complex judicial and nonjudicial restructuring matters, including:

  • Adelphia Communications Corporation
  • ATX Communications
  • Greatwide Logistics Services
  • Hechingers Holding
  • Heilig-Meyers Company
  • KV Pharmaceutical Company
  • LandAmerica Financial Group
  • National Energy & Gas Transmission
  • Paragon Trade Brands
  • Petrie Retail, Inc. and G&G Shops
  • Petroleum GEO Services ASA
  • Railworks Corporation
  • RathGibson, Inc.
  • The Multicare Companies, Inc.
  • USinternetworking, Inc.
  • Woodward & Lothrop

Significant Other Restructuring Related Work

Paul also has represented lenders, creditors, investors and acquirers in connection with various distressed company transactions, and other parties involved in various chapter 11 proceedings.  Representative engagements of this type include:

  • Brookfield Asset Management, in its role as lead cornerstone investor and plan sponsor in the General Growth Properties chapter 11 cases
  • TPG Capital and Leonard Green & Partners in their acquisition of the Palms Casino Resort in Las Vegas, Nevada
  • Ad hoc committee of senior lenders, led by Twin Haven Capital Partners and Credit Suisse, in their pre-negotiated plan and acquisition of Buffets, Inc.
  • A group of investors, including Monarch Alternative Capital LP, Bayview Asset Management, Stonehill Capital Management and other funds, in the Residential Capital LLC chapter 11 cases.
  • Take-Two Interactive Software, Inc. in its acquisition of the development and production of World Wrestling Entertainment Inc. video games from chapter 11 debtor THQ Inc.
  • RJM, LLC and RJM I, LLC in the GSC Group, Inc. chapter 11 cases
  • Credit Suisse AG, Cayman Islands, in its role as administrative agent to the prepetition and postpetition secured lenders, and as the credit bid purchaser, in the Champion Home Builders chapter 11 case
  • National Dairy Holdings, as stalking horse purchaser in the Parmalat USA Corp. chapter 11 case
  • Silver Point Capital, as the largest secured and unsecured creditor in the Muzak Holdings chapter 11 case
  • Silver Point Capital, as the largest creditor in the Proliance International chapter 11 case
  • The largest secured lender in the Intermet Corporation chapter 11 case
  • An ad hoc group of lenders of a foreign publishing company.

Selected Professional and Business Activities

Paul also is a member of the Turnaround Management Association, and has lectured on bankruptcy related matters for various seminars and panels sponsored by the Association of the Bar of the City of New York and other professional organizations, including:

  • Developments in Debtor in Possession Financing and Use of Cash Collateral, in November 2011 before the Commercial Finance Association.
  • Introduction to Chapter 11, before the Association for the Bar for the City of New York in July 2004.New York and other professional organizations.
Paul also occasionally writes on bankruptcy topics, including:
  • CMBS Certificateholders Shut Out, ‘Innkeepers’ precludes participation in borrower restructuring for lack of standing, June 11, 2011 ed., New York Law Journal.
  • An Overview of the Reorganization Process under Chapter 11 of the Bankruptcy Code, Myron Trepper and Paul Shalhoub, Edibank, 1997.

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