Shearman And Sterling

News July 02, 2015

Shearman & Sterling Earns Two Turnaround Atlas Awards

Shearman & Sterling’s Financial Restructuring & Insolvency Group was the recipient of two Turnaround Atlas Awards, which honor excellence from the restructuring and turnaround communities worldwide.

The firm was honored in the following categories:

  • Insolvency of the Year: Coldwater Creek Chapter 11 Plan of Liquidation and sale of assets
  • Energy & Services Turnaround of the Year: Lupatech Group restructuring

Fredric Sosnick, global head of the firm’s Financial Restructuring & Insolvency Group, said, “We are delighted to receive these awards in recognition of our work on Coldwater Creek and Lupatech. The awards reinforce our position as a leader in assisting clients with complex, high-stakes restructuring challenges.”

With a global network of lawyers based in the United States and Europe, Shearman & Sterling’s Financial Restructuring & Insolvency Group delivers integrated service on complex global restructuring matters. In addition to its cross-border capabilities, the group provides local financial restructuring advice on matters specific to the jurisdictions in which the firm’s lawyers practice. The Group represents a broad range of clients, including financial institutions, hedge funds, corporate debtors in various industries, ad hoc committees, and buyers and sellers of distressed assets, on all aspects of financial restructuring matters.