Tim Walsh joined Winston & Strawn as the global chair of the firm’s restructuring and insolvency practice in its New York office.
Walsh has more than 30 years of experience advising U.S. and international clients on all aspects of restructuring transactions. He represents debtors in possession, creditors’ committees, trustees, secured and unsecured creditors, bondholders, boards of directors, insurance companies, domestic and foreign lenders and corporate clients in a range of bankruptcy matters. He is a bankruptcy litigator, having conducted bankruptcy trials and investigations of corporate transactions. Walsh also represents parties in out-of-court workouts and purchases of distressed debt and distressed assets.
“The COVID-19 pandemic has generated an unprecedented and sustained level of complexity in terms of corporate restructuring transactions,” Walsh said. “Winston has exceptional depth in this area, and I look forward to providing clarity and direction to clients as courts continue to reopen and options for creditors and debtors become more available.”
Walsh has experience in Chapter 11, Chapter 15, 363 sales, insolvency restructurings and cross-border insolvency representations.
“While many restructuring transactions have been placed on hold due to court backlogs and continued government assistance, there is a critical demand for strategic legal counsel among companies that are distressed,” Jonathan Birenbaum, managing partner of Winston & Strawn’s New York office, said. “Tim is a welcome addition to our restructuring team as we continue to meet this demand.”
Winston & Strawn has added 13 corporate partners in six U.S. offices in 2021 to date.
“The pandemic has fundamentally changed how corporate restructurings are managed from a legal perspective,” Tom Fitzgerald, chairman at Winston & Strawn, said. “Tim’s insight will be essential as we help our clients navigate pathways to stability and growth during this critical period of recovery.”
