Partner Stephen Rutenberg Joins Kaye Scholer’s Bankruptcy & Restructuring Department in New York
New York: Stephen A. Rutenberg has joined Kaye Scholer LLP as a partner in the firm’s Bankruptcy & Restructuring Department in New York. Previously a partner at Sidley Austin LLP, Rutenberg counsels hedge funds, private equity firms, broker-dealers and other global financial institution clients on legal issues related to the purchase and sale of loans and securities of distressed and bankrupt companies, including accounts receivable, trade claims and bank debt, both domestically and in Europe. Rutenberg will be joined by Sidley senior associate Michael Greenblatt, who has extensive experience building this practice.
“Our Bankruptcy & Restructuring Department is committed to delivering the highest quality legal services, and Stephen’s arrival will only further strengthen the range of capabilities that we offer to our clients,” said Firm Managing Partner Michael Solow, who is himself a noted bankruptcy lawyer. “We are pleased to add another top caliber lawyer to our team.”
Rutenberg and his team will continue to focus on advising clients on all aspects of investing in special situations opportunities, including in-depth credit analysis and negotiation of documentation. Recent representations include advising on the purchase, sale and financing of bankruptcy trade claims in several major Chapter 11 Cases, including Lehman Brothers, AMR Corporation, the Dewey insolvency, and the MF Global and Icelandic bank liquidations. He also served as senior legal counsel for the EMEA Global Loans and Special Situations Group at Bank of America Merrill Lynch in London.
“This is a great opportunity to combine our significant experience in special situations credit trading with Kaye Scholer’s leading creditor rights practice,” said Stephen Rutenberg.
“Stephen’s extensive cross-border experience will be a great asset to our clients both in the US and in Europe, where we have a substantial presence in the UK and Germany advising on some of the biggest restructurings in those markets. Our goal is to be the premier firm in all aspects of credit trading around the globe,” said Bankruptcy & Restructuring Department Co-Chair Mark Liscio.
Admitted to practice in New York and as a solicitor in England and Wales, Rutenberg has significant experience advising on cross-border bankruptcy matters. He has represented many of the major broker-dealers, investment banks and hedge funds on all aspects of secondary distressed and par loan transactions, including the analysis and review of loan documentation, security packages, transferability restrictions and the preparation of secondary trading documentation. He has also counseled clients in the negotiation of total return swaps, credit default swaps and other structures for the purchase and/or financing of loan and claim portfolios as well as other synthetic methods of obtaining exposure to the secondary loan and claims markets.
In addition to his main practice, Rutenberg maintains a commitment to providing pro bono legal services, with a focus on helping indigent asylum seekers and immigrants who are seeking legal status in the United States. An active participant in industry and community organizations, he is a member of the American Bar Association, the Loan Market Association, and the Loan Syndications and Trading Association. He also serves as a member of National Young Leadership Cabinet of the Jewish Federations of North America and of the Lawyers Executive Committee of the UJA Federation of New York.
Rutenberg received his JD from University of Pennsylvania Law School and holds a BA from Brooklyn College.
Senior associate Michael Greenblatt received his JD from Fordham University and his BA from George Washington University.
With a sophisticated understanding of the restructuring landscape, Kaye Scholer’s Bankruptcy & Restructuring Department provides comprehensive services in all aspects of restructurings and insolvency proceedings from the pre-workout phase through litigation, if necessary. Our team of over 30 insolvency and restructuring practitioners, located in New York, Chicago, Los Angeles, London and Frankfurt, has been at the forefront of some of the largest and most complex multinational restructurings and insolvencies of the recent past.