ANDREW PROPPS is counsel in the firm’s Restructuring practice. Andrew has experience in corporate reorganization, bankruptcy, bankruptcy litigation and other insolvency-related matters. He has represented debtors, foreign representatives and various creditor constituencies, including secured lenders, debtor-in-possession financing lenders and unsecured lenders in connection with chapter 11 proceedings, several bankruptcy appeals and other bankruptcy-related matters.
Andrew’s representative matters include:
- Reorganized debtors, owners and operators of major news and entertainment outlets nationwide, in various aspects of several appeals of the confirmation of their chapter 11 plan of reorganization, including litigation regarding the appellants’ requested stay of the confirmation order pending appeal (which stay the bankruptcy court conditioned on the appellants’ posting a US$1.5 billion bond) and equitable mootness
- Indenture trustee in an appeal of a bankruptcy court decision regarding section 1110 of the Bankruptcy Code in an airline reorganization case
- Reorganized debtor, a large commercial lender, in a chapter 11 adversary proceeding to subordinate the claim of its former parent under section 510(b) of the Bankruptcy Code and subsequent direct appeal
- Reorganized debtor in an arbitration over a claim arising from a contract rejected as part of a confirmed plan of reorganization
- Secured creditor in a successful defense of a post-confirmation fraudulent transfer action brought by a litigation trust and in the subsequent appeal
- Multiple creditors of Lehman Brothers Holdings Inc. and its affiliates in avoidance actions, claims disputes and in purchases of claims against the debtors
- Foreign representative of a Kazakh bank in chapter 15 proceeding, in which the Bankruptcy Court recognized a Kazakh proceeding as a foreign main proceeding and enforced the Kazakh plan of reorganization
- Foreign representative of U.S. and English companies operating an international ride-hailing business in their chapter 15 proceedings, in which the Bankruptcy Court recognized English administration proceedings as foreign main proceedings and approved various relief, including a sale of property in the United States and a settlement with the companies’ secured lender under a note purchase agreement governed by New York law
- Prepetition floorplan lender and DIP lender to three affiliated New York City vehicle dealerships in their chapter 11 proceedings
- Prepetition lender to large international fishing companies in their chapter 11 proceedings, which are interrelated with proceedings in other jurisdictions including Peru and the British Virgin Islands