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 is a recognized leader in the cryptocurrency space, having led the representation of the official committee of unsecured creditors in the first-ever crypto chapter 11 case, Cred. Inc. His efforts in Cred have led to the development of novel case law that has generated millions of dollars of recoveries for creditors, including obtaining a court order requiring Cred’s former chief capital officer to return more than $6m of stolen cryptocurrency within 30 minutes after the court hearing concluded. Darren is now leading the representation of the official committee of unsecured creditors in the chapter 11 case of Voyager Digital, a crypto exchange with more than 1 million customers. He is also now representing the official committee of unsecured creditors in the first crypto mining chapter 11 case, Compute North. Darren is frequently asked to speak around the country on the intersection of bankruptcy and cryptocurrency, and regularly publishes articles on that topic, including in the American Bankruptcy Institute Journal, the Journal of Corporate Renewal, and Law360.

Darren also has distinct restructuring experience in the fields of energy, manufacturing, healthcare, 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.

Results


Creditor Committees in Chapter 11 Cases

  • Official Committee of Unsecured Creditors in the Chapter 11 Cases of crypto exchange platform Voyager Digital, Inc.
  • Official Committee of Unsecured Creditors in the Chapter 11 Cases of cryptocurrency financial services platform Cred Inc.
  • Official Committee of Unsecured Creditors in the Chapter 11 Case of Compute North, a leading data center for cryptocurrency miners with facilities in South Dakota, Texas, and Nebraska

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Recognitions


  • Best Lawyers (Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law), 2023
  • The M&A Advisor, Chapter 11 Reorganization of the Year – Cred Inc., 2022
  • The M&A Advisor, Restructuring Deal of the Year – Vitality Health Plan of California, 2022

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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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