Darren Azman

Overview

Darren Azman focuses his practice on corporate restructurings, creditors’ rights and distressed acquisitions. Darren’s clients include private equity sponsors, troubled companies and their boards of directors, secured lenders and other constituents in connection with in-court and out-of-court restructurings.

Results

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

Representing upstream oil & gas company Furie Operating Alaska in its Chapter 11 bankruptcy proceedings ($25mm revenue; $450mm debt)
Representing firearms distributor United Sporting Companies in its Chapter 11 bankruptcy proceedings ($550mm revenue; $300mm debt)
Representing retail energy supplier Agera Energy in its Chapter 11 bankruptcy proceedings ($750mm revenue; $200mm 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)
Representing 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
Representing 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)

Financial Sponsors and Strategics in Acquiring Distressed Companies

In re: Texas Pellets Inc. (Bankr. S.D. Texas) – Wood pellet production facility
In re: Willowood USA Holdings, LLC (Bankr. D. Colorado) – Crop protection products and related EPA registrations
In re: Real Industry, Inc. (Bankr. D. Delaware) – Aluminum recycling facilities
In re: BTH Quitman Hickory LLC (Bankr. D. Nevada) – Wood pellet production facility
In re: WonderWork, Inc. (Bankr. S.D.N.Y.) – Charitable assets including restricted donations
In re: SEGA Biofuels, LLC (Bankr. S.D. Georgia) – Wood pellet production facility
In re: SunEdison, Inc. (Bankr. S.D.N.Y.) – Solar energy assets
In re: Revel AC, Inc. (Bankr. D. New Jersey) – Casino
In re: Potomac Supply Corporation (Bankr. E.D. Virginia) – Forest products company
In re: Arctic Glacier (Bankr. D. Delaware) – Ice manufacturer

Directors & Officers and Other Parties in Bankruptcy Court Litigation

Represented former officer of ITT Educational Services, Inc. in connection with the ITT Chapter 7 bankruptcy proceedings
Represented four of the world’s five largest intermodal shipping container lessors in the Chapter 15 case of Hanjin Shipping Co., Ltd. and related insolvency proceedings worldwide, including Korea
Represented an ad hoc bondholder group holding $300 million in principal amount in connection with the reorganization of Brazilian oil and gas company OGX Petroleo & Gas Participacoes SA
Represented the official committee of unsecured creditors of Perkins & Marie Callender’s, Inc.
Represented indenture trustees and administrative agents in connection with Chapter 11 proceedings
Represented trade creditors and other parties in defending fraudulent conveyance and preference actions in Chapter 7 and Chapter 11 proceedings

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Recognitions

The M&A Advisor, Emerging Leader Award, 2019
New York Law Journal, Rising Star, 2019
Super Lawyers, New York Metro Rising Star, 2017-2019
IFLR, Restructuring & Insolvency Rising Star, 2018-2019
The Turnaround Management Association, Non-Profit Transaction of the Year – Wonderwork, Inc., 2019
The American Lawyer, Honoree, Global Finance Deal of the Year (South America), 2015 (OGX Debt Restructuring)

Credentials

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

Admissions
Massachusetts
New York

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

Overview

Results

Recognitions

Credentials

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