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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 corporate law, governance, reorganization, litigation, and Dodd-Frank. Martin’s practice includes the formulation of derivatives benefitting from the Bankruptcy Code’s safe harbors, and Martin has extensive experience in broker-dealer insolvencies such as MF Global where he represented the statutory creditors’ committee and Lehman Brothers where he represented and represents many financial institutions against the SIPA trustee and Lehman.

Martin provides legal and strategic advice to directors, businesses, investors and creditors, advising on complex restructurings, acquisitions, trials and appeals. Notably, 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 the section 363 sale strategy for General Motors and represented 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 drafted its new recovery act, and the statutory creditors' committee of SIGA Technologies.

Martin's practice encompasses governance advice for healthy or troubled companies, crisis management, restructuring, Dodd-Frank, and cross-border restructuring. He assists companies and their boards in establishing risk reporting systems so they may oversee material risk factors facing the company, and in developing board agendas that enable boards to spend more time increasing share value while complying with The Sarbanes-Oxley Act.

The National Law Journal named Martin as one of the "100 Most Influential Lawyers in America." He is ranked in the Band One for Bankruptcy by Chambers Global and Chambers USA in the field of Bankruptcy/Restructuring. In addition, he consistently 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.

Representative Engagements

  • 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

    Ranked in Chambers Global 2016 - Leading Individual