Further strengthening its financial restructuring practice and continuing its strategic expansion in Texas, Paul Hastings added restructuring lawyer Charles Persons as a partner in Dallas.
Persons represents debtors and creditors in complex domestic and cross-border matters ranging from chapter 11 cases and out-of-court reorganizations and financings to distressed acquisitions and debtor-in-possession financings, as well as diverse bankruptcy litigation matters, including appellate litigation. His practice also includes significant private equity borrower and company-side work. He joins from Sidley Austin.
“Charles is a strong addition to our preeminent restructuring group, as we expand the practice and our broader platform in Texas,” Frank Lopez, chair of Paul Hastings, said. “His extensive restructuring experience, coupled with his private equity borrower and company-side work, will be valuable for existing and new clients across diverse industries as we continue to gain market share at the top of the market.”
Persons’ numerous high-profile representations include New Residential Investment in its bid for the mortgage-related businesses of Ditech Holding, and multiple out-of-court distressed oil and gas acquisitions. His multinational restructuring experience spans sectors ranging from retail and aviation to automobile and manufacturing, with considerable experience in the oil and gas industry and clients including Ares Management, Huron Consulting Group, K2 HealthVentures, MHR Fund Management, Mockingbird Credit Partners, Morgan Stanley Energy Partners and Presidio Petroleum.
“I’m thrilled to join Paul Hastings and an exceptional team that has established itself as one of the world’s strongest restructuring groups,” Persons said. “I look forward to collaborating with the many talented lawyers across practices in Texas and beyond, and to helping the firm continue its growth trajectory while also introducing its leading global platform to my clients.”
