Norman S. Rosenbaum

Partner

New York, (212) 506-7341

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Education

Binghamton University (B.A., 1984)
;
University of Pennsylvania Law School (J.D., 1989)

Practices

Business Restructuring + Insolvency

Asset-Based Lending

Technology Transactions

Bar Admissions

New York

Norm Rosenbaum focuses his practice on U.S. and cross-border restructurings. He regularly counsels debtors, financial institutions, and other significant stakeholders in U.S. bankruptcy proceedings, workout transactions and the purchase and sale of distressed assets. He frequently represents clients in the structuring of technology licensing and development transactions, joint venture agreements, and project financing and has developed specialized expertise in the treatment of intellectual property under the U.S. Bankruptcy Code.

Mr. Rosenbaum represents clients in a diverse array of industries, including financial services, real estate, advanced chemicals and materials, energy and natural resources, automotive, information technology, and telecommunications in a variety of complex U.S. Bankruptcy proceedings and out-of-court restructurings. He has represented distressed investors, secured creditors, and other major creditors in a number of Chapter 11 cases, including Apex Silver Mines, Calpine Corporation, Key3Media, Winn Dixie, Enron, and Borden Chemicals.

As an undergraduate at Binghamton University, Mr. Rosenbaum was elected to Phi Beta Kappa.

Residential Capital, LLC

(Bankr. S.D.N.Y.) Counsel to Residential Capital, one of the largest residential real estate finance companies with assets and liabilities each in excess of $15 billion, whose business is comprised primarily of loan servicing and origination, and its subsidiary companies, in their pending chapter 11 cases. Residential Capital was the largest bankruptcy filing of 2012 and the case represents the first time ever that a mortgage servicer was able to successfully continue servicing and originating mortgages in bankruptcy and be sold as a going concern.

In re Eastman Kodak Company, et al.

Represented numerous intellectual property licensees, licensors, and infringement defendants in the Kodak bankruptcy case, where we fought to preserve and protect our clients’ intellectual property rights and lead an ad hoc group of similar parties. Also represented the runner-up bidder for the patent portfolio sold by Kodak in its chapter 11 case.

RadLAX Gateway Hotel, LLC v. Amalgamated Bank

Represented Amalgamated Bank as secured lender in the RadLax Gateway Hotel, LLC bankruptcy. Successfully defeated, before the Seventh Circuit and United States Supreme Court, the debtors’ attempts to restrict the ability of the secured lender to credit bid in a proposed sale of the hotels pursuant to a reorganization plan.

Tricom, S.A

(Bankr. S.D.N.Y) Represented Tricom, S.A. and its affiliates in their Chapter 11 cases, which involved the restructuring of more than $700 million in bond and other loan facility debt. Tricom and its affiliates are, collectively, one of the preeminent full service providers of telecommunications services in the Dominican Republic. The cases represent the first effort to reorganize a public Dominican Republican corporation under Chapter 11 of the Bankruptcy Code.

San Cristobal Mining Project.

We represent Sumitomo Corporation in its purchase, development, financing and operation of Minera San Cristóbal S.A., which owns and operates one of the largest silver, zinc and lead mines in the world, located high in the Andes in Southwestern Bolivia. Sumitomo purchased a portion of its interest in a pre-arranged bankruptcy sale that closed within 71 days of the debtor's bankruptcy filing.

Valladolid III Power Project.

Represented Mitsui & Co., Ltd. and Chubu Electric Power Co., Inc. in connection with their purchase of Calpine Corporation's 45% equity interest in the 525 MW Valladolid III natural gas-fired electrical power facility in Mexico. (2006)

MF Global Holdings Ltd.

(Bankr. S.D.N.Y.) Counsel to Louis J. Freeh, former Federal Judge and former Director of the Federal Bureau of Investigation, as Chapter 11 Trustee for MF Global in its Chapter 11 bankruptcy proceeding. With $41 billion in assets at the time of filing, MF Global was the largest bankruptcy filing of 2011 and the eighth-largest in U.S. history. This case involves a wind-down of an extremely complex global operation and the realization of value from various entities in the MF Global Group, many of which are in their own administration or liquidation proceedings domestically and internationally.