Larry is a Partner in the Firm's New York office and heads the Restructuring & Insolvency Department in New York. For more than 30 years he has specialized in the area of troubled companies serving a broad range of clients, including debtors, secured and unsecured creditors, ad hoc and official creditors' and equity committees, indenture trustees, debtor-in possession lenders, insurance carriers, landlords, equity interests, buyers of assets, buyers and sellers of claims, and defendants in preference and other avoiding actions. He has substantial experience in out-of-court restructurings and in all aspects of Chapter 11 work including complex litigation involving, among other things, cramdown and valuation, competing plans, fraudulent transfers, substantive consolidation, cross border situations, and is a recognized member of the National Bankruptcy Bar. Larry has also been involved with Chapter 15 petitions and proceedings seeking recognition of foreign insolvency proceedings in the United States. In the Legal 500 US Guide (2008 edition), Larry is recognized for his work in corporate restructuring and is praised by clients for his "outstanding bankruptcy knowledge and responsiveness." Larry is also recognized by his peers as an outstanding lawyer by receiving the highest possible Martindale-Hubbell rating. Larry has been named among Avenue Magazine's Legal Elite 2010 in the area of bankruptcy.
Notable Experience
Some of the more recent significant matters in which Larry has served as lead counsel include, among others, representation of:
· Administrative and Collateral Agent for DIP lenders with financing in excess of $600 million in cross-border Chapter 11 cases.
· Indenture Trustee with face amount of unsecured notes in excess of $900 million in complex chapter 11 cases resulting in payment in full to noteholders.
· Indenture Trustee of noteholders in which the Indenture Trustee's chapter 11 creditor plan was confirmed over two other competing plans resulting in noteholders receiving payment in full.
· Litigation Trustee asserting fraudulent transfer and related claims arising out of a failed LBO resulting in recoveries of more than $50 million.
· Supplier of goods subject to product liability claims in excess of $150 million, which asserted contribution and indemnity claims against chapter 11 debtor-manufacturer, resulting in substantial reduction of liability to supplier.
· Insurers in complex cross-border chapter 11 cases successfully resolving disputes with respect to scope of coverage and self-insured retention provisions.
· Investment funds which acquired debt during chapter 11 cases resulting in the funds gaining control of the debtors upon confirmation.
· Defendants in preference actions asserting § 503(b)(9) claims against debtor in which debtor sought to offset preference liability against such claims resulting in payment in full of the § 503(b)(9) claims.
· Acquirers and sellers of assets in a number of chapter 11 cases.
· DIP and pre-petition lenders in a number of chapter 11 cases.
· Debtors in a number of "out of court" restructurings and successfully confirmed chapter 11 cases in various industries including printing, communications, retail, cable, manufacturing and others.
· Official and Ad-Hoc Committees in large Chapter 11 cases such as Allegheny International, Sunbeam, Prime Motors, Globe Manufacturing Corp., HCI, Inc., and Williams Communications.
Recent Speaking Engagements and Publications
· "Maximizing Recoveries in the Subprime Meltdown: Financial Restructuring Meets Structured Finance," Harvard Club, Anderson Kill's CLE Seminar, New York, NY, October 25, 2007.
· "Bankruptcy - Driving Toward Confirmation: A Roadmap to Negotiating Chapter 11 Plans," Harvard Club, Bankruptcy & Financial Institutions, Series 6 Seminar, May 11, 2005.
· "Keeping The Horse in the Barn; Critical Stages in Bankruptcy Cases," Harvard Club, Business & Financial Institutions Series 6 Seminar, May 27, 2004 and September 9, 2004.
· "New Bankruptcy Fun and Games: Will it be a Creditors' World?" Harvard Club, Business & Financial Institutions, Series 6 Seminar, March 12, 2003.
· "A Step-By-Step Approach To Emerging From Bankruptcy," author, Inside The Minds: Winning Strategies For Emerging From Bankruptcy, Aspatore Books, June 2008.
· "Involuntary Bankruptcy of Securitizations," co-author, Bankruptcy & Restructuring Advisor, Autumn 2007.
· "Standard Auto - A Case History," author, Bankruptcy & Restructuring Advisor, Spring 2005.
· "Buying Trouble or Insuring Against It? What Does It Mean to Buy a Debtor's Assets 'Free and Clear'?," co-author, Bankruptcy & Restructuring Advisor, Spring 2004.
News & Publications
February 22, 2011, EAPD Launches Retail Industry and Consumer Products Practice Group
New practice group combines resources to offer full range of legal services to retail industry clients
February 13, 2009, Partner Larry Henin Quoted in Debtwire North America
July 7, 2008, Larry D. Henin Joins Edwards Angell Palmer & Dodge As Partner
Besides Edwards Wildman
Larry is an active member of a number of committees in both professional and civic organizations. Larry also enjoys skiing, and "playing at" tennis and golf.
Memberships
· American Bar Association - Member, Business Bankruptcy Committee, Subcommittees on Bankruptcy Litigation and Chapter 11, Business Business Law Section
· American Bankruptcy Institute
· Turnaround Management Association