Restructuring

Haynes and Boone's Restructuring Practice Group has launched a new blog, Oil Patch Bankruptcy, to provide information on key issues and developments in the bankruptcy and restructuring industry.


Successfully navigating distressed situations requires lawyers who know the law and understand business.

The Restructuring Practice Group at Haynes and Boone has long been recognized as one of just a handful of teams in the nation that is fully equipped to handle issues in the largest and most complex out-of-court financial restructurings and Chapter 11 reorganization cases. Chambers USA ranks the practice as a market leader both globally and nationally, describing our lawyers as “honest, creative, hard-working and very smart.” Our Restructuring Practice Group was shortlisted for the 2015 Chambers USA Award of Excellence as Bankruptcy Team of the Year for the entire nation.

Our clients, whether they are debtors, creditors, lenders, equity security holders or agent banks, rely on our significant experience, skill and deep bench. With partners and counsel that have been practicing for an average of 25 years or more and a dedicated team of well-trained associates, we have the knowledge, experience, and skills to tackle our clients’ toughest problems.

Restructuring a debt-laden business is akin to multi-party military maneuvers: each creditor/party-in-interest has its own agenda, but victory generally results from forming multiple, and sometimes shifting, strategic alliances, which constantly must be re-evaluated. The attorneys in the Restructuring Practice Group have extensive experience in all aspects of insolvency practice, including representing debtors-in-possession, creditors committees, financial institutions and other secured and unsecured creditors, trustees, indenture trustees, landlords, acquirers, and equity security holders committees, both in out-of-court restructurings and in bankruptcy court. Our involvement in many significant corporate reorganizations representing different types of parties-in-interest, not just debtors or only financial institutions, provides understanding of the dynamics of the reorganization process from each constituent's point of view. This multi-faceted, multi-billion dollar experience gives us the ability to anticipate likely developments in a restructuring which can be the catalyst for a mutually beneficial relationship between the debtor and its various creditor constituencies.

In the oil and gas space, our lawyers have a deep understanding of the day-to-day operational and financial issues impacting our clients as well as the economic and political trends that affect their businesses. Haynes and Boone has extensive experience in the energy, oil and gas, oilfield services, and petrochemical industries, which means we have been witness to the varying business cycles of the energy industry and have worked on a number of high profile debt restructurings and insolvencies on both the debtor and creditor sides.

Because of our diversity of perspective and experience, it is unlikely that our team of bankruptcy lawyers will encounter situations for which they do not have analogous experience. Having worked on cases from every side of the docket enables our lawyers to assess a client’s particular facts and circumstances, to quickly recommend alternative causes of action and to provide reasoned and well-grounded assessment of the likely success of such alternative courses. Most importantly, our experience translates into bringing value to our clients and counsel that is reliable and working in your best interests during very stressful times.

We have handled matters across a wide variety of industries, and our lawyers are adept at learning the “ins-and-outs” of our clients’ businesses, with Chambers USA noting that our lawyers “consistently become experts on the matters they are handling, and their work product is flawless.”

Our experience includes:

  • Advising boards of directors of distressed and failing companies
  • Serving as counsel to debtors, creditor committees, senior debt holders, portfolio companies, subordinated debt holders, ad hoc groups of creditors and equity security holders
  • Advising sellers and buyers in distresses mergers and acquisitions
  • Representing counterparties to contracts with bankruptcy companies
  • Representing key suppliers, landlords and tenants of distressed retail and manufacturing companies
  • Representing banks as agents for syndicates, both secured and unsecured
  • Representing parties with significant claims against debtors in bankruptcy
  • Defending parties facing significant litigation claims brought by bankruptcy trustees and creditors
  • Representing corporate clients in transactions and litigation with financial distressed counterparties
  • Advising parties in connection with cross-border workout and restructuring matters, particularly in Mexico

Experience Across Many Industries

Our firm’s clients come from virtually every industry and include more than 100 Fortune 500 companies, many major foreign companies, and large financial institutions. This gives us the broad perspective necessary to successfully represent classes of creditors comprised of companies from a variety of industries and sectors. The industries from which our restructuring clients come include:

  1. Automotive
  2. Aviation and Airline
  3. Communications
  4. Construction
  5. Energy and Utilities
  6. Gaming
  7. Government Contracting
  8. Home Building
  9. Finance
  10. Food Distribution
  11. Franchise
  12. Healthcare
  13. Hospitality and Lodging
  14. Insurance
  15. Manufacturing
  16. Media
  17. Pharmaceuticals
  18. Real Estate
  19. Retail
  20. Sports and Entertainment
  21. Telecommunications
  22. Technology

Industry Experience

Our lawyers have represented clients in matters involving many different industries, including:

  • Automotive
  • Aviation and airline
  • Communications and media
  • Construction and home building
  • Oil, gas, alternative energy, and utilities
  • Gaming
  • Government contracting
  • Financial services and insurance
  • Food distribution
  • Franchise
  • Healthcare
  • Hospitality and lodging
  • Manufacturing
  • Pharmaceuticals
  • Real Estate
  • Retail
  • Sports and entertainment
  • Telecommunications
  • Technology
  • Transportation

Restructuring

courthouse

Haynes and Boone Represents Landry’s in Acquisition of Joe’s Crab Shack

A team of Haynes and Boone lawyers represented affiliates of Landry’s, Inc., in its $57 million acquisition of certain restaurant assets of Ignite Restaurant Group, Inc. and affiliates, which own the Joe’s Crab Shack and Brick House restaurant chains across the country.

Updated Reports

Energy Survey update

Energy Bankruptcy Reports and Surveys

Oilfield Services Bankruptcy Tracker: details on middle-market oilfield services companies that have filed for bankruptcy since the beginning of 2015. Updated July 31, 2017.


Oil Patch Bankruptcy Monitor: details on oil and gas producers that have filed for bankruptcy since the beginning of 2015. Updated July 31, 2017.


Midstream Report: details on the midstream companies that have filed for bankruptcy since 2015. Updated July 31, 2017.

 

Borrowing Base Redeterminations Survey: details on what lenders, borrowers and others in the energy industry expect regarding the borrowing base redeterminations in light of oil price uncertainty - Updated April 04, 2017.

 

 

E&P Top 10 Bankruptcy Cases: includes a list of the top 10 oil and gas bankruptcy cases since the beginning of 2015. Updated April 18, 2016.

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