Larren Nashelsky is the Chair of Morrison & Foerster. As Chair and Chief Executive Partner, a role he has held since 2012, he takes the lead in setting policy and providing strategic direction to the firm.
Mr. Nashelsky has over 25 years of experience in U.S. and international restructurings, including Chapter 11 reorganizations, workouts, and restructurings. He has represented all of the major constituencies in restructurings, including debtors, bank groups, official creditors’ committees, ad hoc committees and distressed investors in the real estate, financial services, telecommunications, gaming, transportation, chemical, energy, satellite, and natural resources industries.
Chambers recommends him as a leading bankruptcy and restructuring lawyer. Mr. Nashelsky is recommended by Legal 500 for Corporate Restructuring and Real Estate and noted as “phenomenally experienced.” Mr. Nashelsky is regularly listed in Best Lawyers, 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 a member of the Board of Directors of the Lawyers Alliance for New York.
Residential Capital, LLC(Bankr. S.D.N.Y.) Acted as counsel to Residential Capital and its affiliates, comprising one of the largest residential real estate finance companies at the time of its chapter 11 filing, with assets and liabilities each in excess of $15 billion. The debtors’ business was comprised primarily of loan servicing and origination. 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.
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.
In re Caribbean Petroleum Corp., et al.(Bankr. D. Del.) Represented the official committee of unsecured creditors of Caribbean Petroleum Corp., one of the primary importers and distributors of petroleum products in Puerto Rico, in its chapter 11 case. We successfully negotiated a $24 million insurance buy back from Caribbean Petroleum's liability insurance carrier for the benefit of general unsecured creditors.
Paper International, Inc.(Bankr. S.D.N.Y.) Represented 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, proposed a joint reorganization plan that was overwhelmingly approved by creditors and approved by the Bankruptcy Court.
In re General Growth Properties, Inc., et al.(Bankr. S.D.N.Y.) Represents 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, we 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.
Larren Nashelsky is recommended as a leading lawyer by Chambers USA 2012, Legal 500 US 2012, and Super Lawyers 2009. He was also listed in The National Law Journal’s ‘40 Under 40’ list, and listed among the top bankruptcy attorneys in TheDeal.com’s Bankruptcy Scoreboard including in the Top Bankruptcy Lawyers, by volume (U.S. only) (Second Quarter, 2012).
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