Martin Bienenstock is chair of the Firm's Business Solutions, Governance, Restructuring & Bankruptcy Group. Martin provides clients with multidisciplinary solutions that draw on his combined experience in restructuring, corporate governance, reorganization, litigation, Dodd-Frank, and Sarbanes-Oxley. Martin’s restructuring practice focuses on restructuring troubled companies to benefit their investors or creditors. Martin’s governance practice is targeted at keeping healthy companies healthy and growing, and saving distressed companies, while protecting directors and officers with cutting edge best practices.
Martin is repeatedly retained to solve momentous problems. General Motors retained him to formulate the section 363 strategy that he presented to the U.S. Auto Task Force, which deployed it to save General Motors and Chrysler. He represented Enron in its chapter 11 case that has now paid multiple creditors in full. Recently, Martin developed the Colombian-U.S.-Canadian reorganization plan for Pacific Exploration, supported by its bank creditors and bond creditors. Martin routinely provides legal and strategic advice to directors, businesses, investors and creditors, advising on complex restructurings, acquisitions, trials and appeals. Currently, Martin represents the statutory creditors’ committee representing unsecured claimholders in the Caesars chapter 11 case. He handled the Owens Corning appeal, reversing substantive consolidation to increase the value of his bank clients' claims against Owens Corning from $600 million to more than $2.2 billion. He charted the takeover of troubled Finova for a joint venture between Berkshire Hathaway and Leucadia National Corp., and achieved the successful reorganizations of companies such as Enron and Republic Engineered Products over multiple objections. Martin developed successful reorganizations for Capmark and AMBAC. He also prepared the initial draft of what became Ireland’s reorganization statute. Martin is currently representing, among other entities, the Government Development Bank of Puerto Rico and the statutory creditors' committee of SIGA Technologies.
For the last nine years, The National Law Journal listed Martin as one of the "100 Most Influential Lawyers in America." He has been listed at the top of his field by other leading legal publications and organizations, including Turnarounds & Workouts, The International Who's Who of Business Lawyers and Euromoney Legal Media Group's "The Best of the Best."
Martin also teaches corporate reorganization at Harvard Law School and University of Michigan Law School.
- Government Development Bank for Puerto Rico
- Pacific Exploration as debtors’ counsel.
- General Motors in the conception, formulation, and introduction to U.S. Auto Task Force of the section 363 sale strategy subsequently adopted by Chrysler and General Motors
- NewPage Corp. as debtor's counsel
- Capmark Financial as debtor’s counsel
- AMBAC Financial Group as debtor’s counsel
- Enron Corporation in its chapter 11 case
- General Motors in the Delphi Corporation chapter 11 case and in creating the section 363 strategy it utilized to reorganize under chapter 11
- The W.R. Grace ad hoc shareholders' committee
- Republic Engineered Products in its chapter 11 case
- Third lien bondholders in the Calpine Generating chapter 11 case
- The statutory equityholders' committee in the United States Gypsum case
- G-1 Holdings, Inc. in a mass tort asbestos case for one of the country's largest building materials companies