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.
Darren has distinct restructuring experience in the fields of manufacturing, renewable energy, health care, technology, maritime and transportation, and cross-border restructurings, including insolvency proceedings in Brazil, Germany, Japan and Korea. He routinely litigates matters in US Bankruptcy Courts and other venues.
Darren also acts as a trusted advisor to emerging companies by helping them navigate a wide range of business and legal issues, including capital formation, licensing, developing and leveraging intellectual property, strategic alliances, regulatory compliance, employee and labor matters, litigation and general corporate matters. During law school, Darren took a leave of absence to start a health care technology company in New York, which still exists today. Darren’s prior experience on the business side of emerging companies gives him a unique ability to provide clients with guidance on matters that directly impact business growth. His clients include emerging companies in the technology, healthcare, energy, blockchain, cryptocurrency, telecommunications and media space.
In re: SEGA Biofuels, LLC (Bankr. S.D. Ga.): Represented renewable energy sponsor in connection with the potential acquisition of a wood pellet production facility under Section 363 of the Bankruptcy Code
In re: Real Industry, Inc. (Bankr. D. Del.): Represented German private equity fund in connection with the potential acquisition of aluminum recycling facilities under Section 363 of the Bankruptcy Code
In re: SunEdison, Inc. (Bankr. S.D.N.Y.): Represented renewable energy investment fund in connection with the potential acquisition of $1 billion of solar energy assets in the United States under Section 363 of the Bankruptcy Code
In re: Revel AC, Inc. (Bankr. N.J.): Represented consortium of bidders in connection with the potential acquisition of casino and related assets in Atlantic City, New Jersey, under Section 363 of the Bankruptcy Code
In re: ProNerve, Inc. (Bankr. D. Del.): Represented intraoperative neurophysiological monitoring company ProNerve Holdings, LLC in connection with the successful sale of ProNerve’s assets under Section 363 of the Bankruptcy Code
In re: Potomac Supply Corporation (Bankr. E.D. Va.): Represented private equity fund in connection with the acquisition of substantially all of the operating assets of a vertically integrated forest products company under Section 363 of the Bankruptcy Code
In re: Arctic Glacier Inc. (Bankr. D. Del.): Represented private equity fund in connection with the acquisition of the world’s second largest ice manufacturer under Section 363 of the Bankruptcy Code and the Canadian CCAA in cross-border proceedings
Represented French pharmaceutical company in connection with the acquisition of pre-clinical stage cancer drug patents from an insolvent US-based company
Representing international fuel bunker supplier O.W. Bunker Germany GmbH as a debtor in Chapter 15 proceedings and in connection with litigation in New York and Texas regarding unpaid fuel bunker receivables
Representing Japanese real estate portfolio in connection with the wind-up of all operations under state dissolution proceedings and in Chapter 11 proceedings
Represented Affirmative Insurance Holdings, Inc., a publicly traded insurance company, as a debtor in Chapter 11 proceedings
Represented intraoperative neurophysiological monitoring company ProNerve Holdings, LLC, as a debtor in Chapter 11 proceedings
Represented Contec Holdings Ltd., as a debtor in Chapter 11 proceedings
Creditor Representations and Litigation
Representing 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
Representing an international bank, which has approximately $40 billion of credit exposure in various sectors worldwide, in connection with the wind-up of certain portfolios
Representing former officer of ITT Educational Services, Inc. in connection with the ITT Chapter 7 case
Representing an $80 billion publicly traded company in connection with seeking access to sealed information in 15+ asbestos bankruptcy cases
Represented Simon Fuller, the creator of American Idol and So You Think You Can Dance, in the Chapter 11 cases of the shows’ production company, AOG Entertainment, Inc.
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 numerous indenture trustees and administrative agents in connection with Chapter 11 proceedings
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