Daily News: March 13, 2014

Hastings Adds Prominent Restructuring Partner

Paul Hastings announced that Andrew Tenzer joined the firm’s Restructuring practice as a partner in the New York office. Tenzer joins from Shearman & Sterling, where he was a partner.

“The bankruptcy market may be headed for a cyclical upward trend and Andrew’s skill set and expertise will allow the firm to help a range of clients against this evolving background,” said Luc Despins, chair of the Global Restructuring practice. “For nearly two decades, Andrew has focused on serving banks in restructuring and bankruptcy matters, on debtor-side representations, and on handling both the corporate and litigation aspects of bankruptcy. Andrew’s practice specialty is particularly valuable in the new, more deal-focused bankruptcy workouts,” he added.

“Andrew’s practice complements our strong Leveraged Finance, Private Equity and Hedge Fund practices, and our strategic focus on financial institutions,” said Elizabeth Noe, chair of the Corporate practice at Paul Hastings. “Andrew’s addition is another example of our commitment to invest in our finance related practices and increase our capacity to help clients with their most complicated, cross-border legal issues.”

Tenzer’s practice is focused on representing debtors and creditors in Chapter 11 cases and cross-border restructurings and on advising buyers and sellers of the assets of financially distressed companies. He also has substantial experience in non-insolvency related syndicated financings, securitizations and structured finance transactions. Tenzer is the former chairman of the New York City Bar Association’s Bankruptcy & Reorganization Division’s Committee on Cross-Border Restructurings and Chapter 15.