Paul Leake represents all major constituencies in restructurings, including debtors, commercial banks and bank groups, distressed investment funds, noteholder committees, official creditors' committees, unsecured creditors, and distressed investors. He focuses on U.S. and transnational business reorganizations, including chapter 11 reorganizations and liquidations, out-of-court restructurings, secured financings, distressed acquisitions, and investments in troubled companies in a number of industries, including retail, shipping, airlines, energy, health care, publishing, satellite communications, and real estate. Paul is head of the Business Restructuring and Reorganization Practice.
Paul's representative out-of-court and chapter 11 debtor matters include Fresh & Easy, Georgia Gulf, Globalstar, Independence Air, Interep, Levitz, Proliance, and ProQuest. He has represented ad hoc noteholder and official unsecured creditor committees in the Cone Mills, Energy Partners Limited, Enron, General Maritime, and Kirker Enterprises restructurings and senior secured lenders and lender groups in the Bi-Lo, Calpine, Greenfield Energy Services, Meridian Automotive Systems, and Trico Marine restructurings. His major distressed M&A and creditor representations include Aurora Resurgence, Goldman Sachs, Pershing Square, and other distressed funds in a number of high-profile restructurings.
Prior to joining Jones Day, Paul advised on out-of-court and chapter 11 debtor restructurings for Balanced Care, Drexel Burnham Lambert, Marvel Entertainment, NextWave Telecom, Olympia & York, and Sun Healthcare and represented noteholder and official committees in the Iridium and Orbital Imaging restructurings, senior secured lenders in the Memorex restructuring, and creditors Citibank and GECC.
Paul is a member of the American Bar Association and New York State Bar Association. He has published and lectured extensively on U.S. and transnational insolvency matters.
Ad hoc committee of term lenders negotiate Southcross's prepackaged chapter 11 plan and obtain confirmation 15 days after filing
Atlas Iron Lender Group negotiates debt restructure agreement
Molycorp obtains $135 million DIP financing
Honors & Distinctions
Chambers USA: America's Leading Lawyers for Business
Legal 500 US
K&A Restructuring Register