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Bracewell is "one of the go-to firms for U.S. maritime bankruptcies"– Dow Jones News Service
"Maritime matters are also a strong area of expertise." – Legal 500
Bracewell is "the biggest draw at [the maritime] bankruptcy party"– Lloyd's List
Bracewell has "a franchise on Chapter 11 proceedings for beleaguered shipping companies" – Amalia Tankers
Bracewell "has scored a landmark victory in its Chapter 11 battle [for Omega Navigation Enterprises]…, setting an extraordinary precedent for other foreign shipping companies seeking refuge from unpaid banks through the US bankruptcy courts" – Lloyd's List
Bracewell, representing Marco Polo Seatrade, obtained "a decision with important implications for shipping [that] lays down a precedent on whether international shipping companies … can use the US bankruptcy system in today's economy to stave off repossessions and foreclosures" – Lloyd's List
Bracewell’s maritime investment and restructuring practice has a unique blend of experience in U.S. and international insolvency law, maritime finance, regulatory, and corporate law. Our attorneys have been involved in domestic and international restructurings and acquisitions of a broad range of maritime assets, including owners, operators and managers of tankers, bulk carriers, towing and subsea maintenance service providers, and ship builders. This experience provides our professionals with the ability to approach each situation with a focus on delivering a comprehensive solution that considers both the legal and business objectives of maritime industry participants.
Most recently, our maritime investment and restructuring practice was engaged to represent Marco Polo Seatrade B.V. and Omega Navigation Enterprises, Inc. in their chapter 11 reorganization cases – two precedent setting cases for the international shipping community. Other notable bankruptcy representations include the chapter 11 debtors in Deep Marine Technology Inc. and First Wave Marine, Inc. and the second lien lenders in U.S. Shipping Corp. and Trico Marine Group.
Our group regularly handles virtually every type of complex corporate, finance and restructuring transaction in the maritime shipping industry, including:
- In-court and out-of-court financial restructurings
- Acquisitions, investments and dispositions
- Lending and leveraged finance
- Structured finance and derivatives
- Project investment
This experience and the cross-disciplinary knowledge of the professionals in the Maritime Investment and Restructuring Group coupled with the cost-efficient utilization of experts from throughout the firm, provides efficient solutions for all the legal needs of our maritime clients. As such, we are able to rely on a nationwide team of attorneys who are able to promptly and efficiently address the many challenging issues that arise in complex international shipping transactions and insolvency proceedings.
Be sure to visit Basis Points Bracewell’s blog providing context and offering fresh (if irreverent) commentary on developments in today's restructuring, distressed debt, and new investment markets.