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Practice Overview

Financial Restructuring and Reorganization

Cravath has been at the forefront of restructuring since the early days of the Firm itself, pioneering the reorganization of the nation’s railroad industry and continuing to represent clients in restructuring transactions that have marked pivotal moments in our nation’s history. From the bankruptcy of General Motors, to the City of Detroit’s bankruptcy, to the Republic of Argentina’s historic debt restructuring, to the bankruptcy of PG&E, Cravath lawyers have been there. In 2019, the Firm was named “Restructuring Advisory Firm of the Year” by The Deal, which recognized Cravath’s work representing The Weinstein Company “through one of the most high‑profile Chapter 11 cases of the year,” noting the Firm’s ability “to preserve the value of an unusual and complicated set of assets.”