Giorgio Bovenzi

Practices

Education and Clerkships

LL.M., New York University School of Law, 1995

J.D. Equivalent, University of Naples Federico II School of Law, 1988

  • U.S. Court of International Trade (Hon. Donald C. Pogue), 1995-1996

Admissions

New York, 1996

Italy, 1991

Court Admissions

U.S. District Court for the Eastern District of New York

U.S. District Court for the Southern District of New York

Languages

Italian

Profile

Giorgio Bovenzi is a finance and restructuring lawyer with more than 20 years of experience in credit, banking, regulatory, derivatives and insolvency law in multiple jurisdictions around the world. During the past 15 years, leveraging complementary experience in multi-jurisdictional credit and regulatory risk management as well as cross-border and international insolvency, Giorgio's practice has focused on advising global financial institutions and companies in their cross-border financial transactions, the evaluation of their exposure to cross-border risk, and the appropriate risk mitigation techniques.

Giorgio applies his global credit risk management experience to the daily analysis of credit, insolvency, and regulatory risk in multiple jurisdictions around the world. Working closely with several global bank clients, Giorgio assists them in the cross-border structuring of their financial products for the global markets (e.g., prime brokerage, derivatives, securities lending, repos, asset custody) and in the evaluation of the credit risk represented by the specific product and/or the bank's counterparty. In these bank circles, he is well known for his familiarity with credit risk mitigation techniques (e.g., collateralization and setoff/netting) and the insolvency laws of a large number of foreign jurisdictions, as well as for his long-standing work relationships with country counsel from more than 90 jurisdictions worldwide.

Giorgio has been recognized by the major legal directories (e.g., Chambers USA, Chambers and Partners, 2017 and The Legal 500, Legalease, 2017). The Legal 500 reports that clients view Giorgio as "top-notch," providing "a 'very impressive service' to clients seeking guidance on the regulatory issues impacting financing institutions in the context of cross-border insolvency and global credit risk." Giorgio is also described as "'thoughtful and solutions-oriented,’ …'aware of the regulatory developments in the market'" and "unique in his 'understanding of the regulatory and risk management concerns of banks and ability to produce multi-jurisdictional solutions.'"

Additionally, Giorgio represents global financial institutions and multi-national debtors in complex U.S. and non-U.S. plenary and ancillary insolvency matters, and in multi-jurisdictional out-of-court restructurings where a hands-on understanding of the enforceability of foreign collateral and key aspects of local insolvency proceedings is critical.

Professional Recognition

  • Noted Practitioner for Financial Services Regulation: Banking (Compliance) by Chambers USA, Chambers and Partners, 2017-2018
  • Nationally recommended for Financial Services Regulation by The Legal 500, Legalease, 2017-2018

Growth

Giorgio Bovenzi

Leading Global Credit Risk Management Lawyer Giorgio Bovenzi Joins Haynes and Boone’s New York Office

Giorgio Bovenzi has joined Haynes and Boone as a partner in the Finance Practice Group in New York, bringing decades of experience advising clients on global credit risk management and cross-border insolvency issues.

Selected Client Representations

  • Chief advisor of major global banks in multibillion U.S. and International prime brokerage platforms, leading and coordinating with country counsel from more than 60 jurisdictions on (i) the analysis of banking and finance and cross-border insolvency laws relating to collateralization of various asset types and derivatives products, (ii) credit risk mitigation strategies for multi-jurisdictional cross-product netting and collateral platforms, and (iii) multi-jurisdictional legal opinions.
  • Chief counsel in the restructuring of $13 billion commercial paper program for one of the seven "supermajor" oil companies in the world, requiring the assessment of the credit risk profile of a major global bank and the credit risk represented by the applicable bank resolution regimes in multiple jurisdictions.
  • Represented the German Insolvency Administrator for Maple Bank GmbH in its U.S. Chapter 15 proceeding.
  • Co-lead counsel to the leading Japanese memory company in its Chapter 15 cross-border insolvency proceeding and landmark U.S. recognition of the Japanese plan of reorganization that enabled the multi-jurisdictional $6 billion combination with a leading U.S. memory company, creating (at the time) the second largest memory company in the world.
  • Cross-border insolvency strategist in $600 million debt restructuring for a leading onshore drilling and oil field services provider in South America and Central America and its subsidiaries incorporated in 15 jurisdictions.
  • Contingency planning advice to global financial institutions and corporates with respect to counterparties' cross-border insolvency risks.
  • Advised the Federal Reserve Bank of New York in connection with secured financings for AIG's subsidiary International Lease Finance Corporation and $17.5 billion collateral package represented by aircraft registered in 33 jurisdictions.

Some of the matters were handled by Giorgio prior to joining Haynes and Boone.

Professional and Community Activities

  • American Bankruptcy Institute
  • INSOL International
  • International Bar Association
  • Adjunct Professor of Law, Fordham University School of Law

Selected Publications and Speeches

  • “Global Credit Risk Management: A Helpful Toolbox for Cross-Border Insolvency Practitioners,” moderator/panelist, INSOL Europe Annual Congress, Lisbon, Portugal, September 2016.
  • “US Chapter 15: A Tool for Implementing Foreign Reorganization Plans in the United States – the Elpida Experience,” author, New Business Law (Japan), Issue No.1020, March 1, 2014.
  • De Brauw Blackstone Westbroek seminar on comparative overview of proposed Dutch Continuity of Enterprises Act II and US Chapter 11 reorganization, Amsterdam, 2014.
  • “Using Chapter 15 to Implement Foreign Reorganization Plans in the US,” author, New York Law Journal, December 2, 2013.
  • Speaker at seminars on Elpida's Chapter 15 case, Tokyo, 2013.
  • Speaker at seminars on cross-border insolvency and global credit risk management (in collaboration with Fordham Law's Corporate Law Center), New York, 2012-2013.
  • Speaker at a seminar on global credit risk management, Brazilian Institute of Business Law, Sao Paulo, 2011.

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