Larren M. Nashelsky

Partner

New York, (212) 506-7365

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Education

University at Albany, State University of New York (B.S., 1988)
;
Hofstra University School of Law (J.D., 1991)

Practices

Bankruptcy + Restructuring

Asset-Based Lending

Real Estate

Bar Admissions

Connecticut
New York

Larren Nashelsky is co-chair of the firmwide Bankruptcy and Restructuring Practice Group of Morrison & Foerster.

Mr. Nashelsky focuses his practice on U.S. and international restructurings, including Chapter 11 reorganizations, workouts, restructurings, secured financings and distressed acquisitions and investments. He has represented all of the major constituencies in restructurings, including debtors, commercial banks and bank groups, official creditors’ committees, unsecured creditors, and distressed investors in the real estate, financial services, telecommunications, gaming, transportation, chemical, energy, satellite, and natural resources industries.

A former worldwide managing partner of Morrison & Foerster, Mr. Nashelsky regularly lectures at leading industry conferences and has published and lectured on U.S. and international insolvency matters. Mr. Nashelsky has also served on the Bankruptcy & Corporate Reorganization Committee of the New York City Bar.

Mr. Nashelsky was recently ranked by The Deal as one of the top 35 individuals in bankruptcy. He was recognized by the National Law Journal in its 2005 “40 Under 40” compilation of the country’s most influential attorneys and is regularly listed as a leading restructuring professional in industry publications. Mr. Nashelsky is recommended by Legal 500 US 2011 for Corporate Restructuring and Real Estate and noted as “responsive, commercial and accessible.”

Mr. Nashelsky earned a B.S. from the University at Albany, State University of New York, and a J.D. from Hofstra University School of Law. While at Hofstra University School of Law, he was the notes and comments editor of the Hofstra Law Review and the recipient of the Weintraub and Resnick Bankruptcy Law Award.

In re Tricom, S.A.

Represented Tricom, S.A. and its affiliates, TCN Dominicana, S.A. and Tricom USA, Inc., in their Chapter 11 proceedings in the Bankruptcy Court for the Southern District of New York (Chapter 11 Case No. 08-10720), which involved the restructuring of more than $700 million in bond and other loan facility debt. Tricom, S.A. and its affiliates are, collectively, one of the preeminent full service providers of telecommunications services in the Dominican Republic. In October of 2009, the debtors confirmed a plan of reorganization with overwhelming creditor support. The cases represent the first effort to reorganize a public Dominican Republican corporation under Chapter 11 of the Bankruptcy Code. (2010)

In re Caribbean Petroleum Corp.

Represented official committee of unsecured creditors of Caribbean Petroleum Corp., one of the primary importers and distributors of petroleum products in Puerto Rico, filed in the Bankruptcy Court in the District of Delaware (Chapter 11 Case No. 10-12553). (2011)

In re Paper International, Inc.

(Bankr. S.D.N.Y.) Representation of Paper International, Inc. (“PII”), and Fiber Management of Texas, Inc. (“FMT”), in their Chapter 11 cases. The New Mexico-based PII and the Texas-based FMT are U.S. subsidiaries of one of the largest integrated paper producers in North America and guarantors of the parent company's $520 million bond debt. After extensive negotiations among the stakeholders in the case, PII, FMT, and their ultimate Mexican parent Corporación Durango, a joint reorganization plan was overwhelmingly approved by creditors and approved by the Bankruptcy Court.

In re General Growth Properties, Inc.

(Bankr. S.D.N.Y.) Representation of Eurohypo AG’s New York Branch and a group of lenders that has more than $2.6 billion of exposure to GGP. Soon after confirmation of GGP’s reorganization plan, MoFo worked with the agent to defeat GGP’s objection to the agent’s claim for default interest on the loan, and obtained an order from the bankruptcy court awarding the agent, for the benefit of the lenders, over $89 million in contract-rate default interest. MoFo is currently defending the agent in GGP’s appeal of the bankruptcy court’s order.

Official Committee of Unsecured Creditors of Hawaiian Telcom

Represented the Official Committee of Unsecured Creditors of Hawaiian Telcom, the leading provider of telecommunications services in the State of Hawaii, after it filed for relief under Chapter 11 and pursued strategic paths under the protections of the Bankruptcy Code. (2010)

Toshiba Corporation

Representing Toshiba in restructurings of power and infrastructure project interests, including debt and equity investments in major projects in the United States.