Darren Azman - McDermott Will & Emery

Overview


Darren Azman is a member of the firm-wide Management Committee and a partner in the Business Restructuring group. Darren’s practice focuses on corporate restructurings, creditors’ rights and distressed acquisitions. His clients include troubled companies, official creditors’ committees, private equity sponsors, financial and strategic purchasers of distressed assets and others in connection with in-court and out-of-court restructurings.

Darren has distinct restructuring experience in the fields of energy, manufacturing, healthcare, blockchain and cryptocurrency, technology, maritime and transportation, and cross-border restructurings, including insolvency proceedings involving Canada, British Virgin Islands, Brazil, Germany, Japan, South Korea and other countries. He routinely litigates matters in US Bankruptcy Courts.

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Results


Distressed Companies in Chapter 11 Cases and Out-of-Court Restructurings

  • Represented Prime Trust, a leader in the crypto space with more than $3.8bn of crypto and fiat under custody at its peak, in its Chapter 11 bankruptcy proceedings.
  • Represented Volunteer Energy Services, a retail supplier of electricity and natural gas, in its Chapter 11 bankruptcy proceedings ($200mm revenue; $70mm debt)
  • Represented medical device manufacturer NinePoint Medical Inc. in its Chapter 11 bankruptcy proceedings
  • Represented an international apparel manufacturer and retailer with approximately 1,000 store locations in connection with a potential Chapter 11 bankruptcy filing
  • Represented upstream oil & gas company operating Furie Operating Alaska in its Chapter 11 bankruptcy proceedings ($25mm revenue; $450mm debt)
  • Represented firearms distributor United Sporting Companies in its Chapter 11 bankruptcy proceedings ($550mm revenue; $300mm debt)
  • Represented Agera Energy, a retail supplier of electricity and natural gas, in its Chapter 11 bankruptcy proceedings ($750mm revenue; $375mm debt)
  • Represented Borgers S.A., a Germany-based automotive parts manufacturer with facilities in Europe and the US, in an out-of-court restructuring (€900mm revenue; €350mm debt)
  • Represented international fuel bunker supplier O.W. Bunker Germany GmbH in its Chapter 15 bankruptcy proceedings and in connection with litigation in New York and Texas regarding unpaid fuel bunker receivables
  • Represented Japanese real estate portfolio companies in connection with an out-of-court restructuring ($400mm debt)
  • Represented publicly traded insurance company Affirmative Insurance Holdings, Inc. in its Chapter 11 bankruptcy proceedings ($100mm debt)
  • Represented intraoperative neuro physiological monitoring company ProNerve Holdings, LLC in its Chapter 11 bankruptcy proceedings ($30mm revenue; $50mm debt)
  • Represented cable and broadband equipment repair company Contec Holdings, Ltd. in its Chapter 11 bankruptcy proceedings ($150mm revenue; $360mm debt)

Creditor Committees in Chapter 11 Cases

  • Official Committee of Unsecured Creditors in the Chapter 11 Cases of AppHarvest, a high-tech sustainable food company with more than $300m of debt outstanding.
  • Official Committee of Unsecured Creditors in the Chapter 11 Cases of iMedia Brands, an interactive media company with $450m of annual sales.
  • Official Committee of Unsecured Creditors in the Chapter 11 Cases of Benefytt Technologies, a technology-driven distributor of Medicare, health and life insurance products with more than $600 million of funded debt obligations.
  • Official Committee of Unsecured Creditors in the Chapter 11 Cases of Wesco Aircraft, the largest independent distribution and supply chain services provider in the global civilian and military aerospace industry, with more than $3 billion of funded debt obligations.

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Recognitions


  • The Best Lawyersin America, Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, 2023-2024, Ones to Watch, 2021-2022
  • Chambers USA, Bankruptcy/Restructuring, 2023-2024
  • Legal 500 US, Recommended, 2022-2024
  • The M&A Advisor, Chapter 11 Reorganization of the Year (Over $1 billion) – Voyager Digital, Ltd., 2023
  • The M&A Advisor, Information Technology Restructuring Deal of the Year – iMedia Brands, Inc., 2023
  • The M&A Advisor, Consumer Staples Restructuring Deal of the Year – AppHarvest Products, LLC, 2023
  • IFLR1000, Restructuring & Insolvency, 2018-2023

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Credentials


Education
Georgetown University Law Center, cum laude
Bentley University, BS, magna cum laude

Admissions
Massachusetts
New York

Courts / Agencies
US District Court for the Eastern District of New York
US District Court for the Southern District of New York

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