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Marshall S Huebner

Marshall S Huebner
450 Lexington Avenue
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New York
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Biography • Insolvency & Restructuring

Mr Huebner is co-head of Davis Polk’s insolvency and restructuring practice. He is widely recognised as one of the country’s leading practitioners, and is one of only five US lawyers to have been twice-named a dealmaker of the year by The American Lawyer. He routinely represents both financial institutions and companies in major restructurings and bankruptcies, and has advised on several of the largest and most complex of such matters yet done.

Mr Huebner's work highlights include his work as lead counsel to the Federal Reserve Bank of New York and to the US Department of the Treasury with respect to their $182 billion in multiple financings and 79.9 per cent equity stake in the American International Group; AIG had over $1 trillion in assets, and the Federal Reserve and Treasury AIG financings were the largest ever extended to a corporate borrower.

He is lead US counsel to the joint administrators and liquidators of Lehman Brothers International (Europe) and its UK Lehman affiliates, including in connection with the settlement of tens of billions of dollars of claims against Lehman’s US entities. He was lead bankruptcy and restructuring counsel to Delta Air Lines, in one of the largest and most successful restructurings in US history; he assisted Delta in, among other things, securing the then-largest DIP financing, successfully defending against a $10 billion hostile takeover attempt, and expeditiously emerging from Chapter 11 with one of the largest equity capitalisations on record. He is also lead counsel to Citibank, as bank agent, in Lyondell, including advising with respect to the largest private DIP financing ($8.5 billion) in US history and successfully resolving a $23 billion fraudulent transfer litigation. Mr Huebner was counsel to the Ford Motor Company in connection with its $10 billion balance sheet restructuring and various developments with respect to the US auto industry. He was lead counsel to Patriot Coal, Frontier Airlines, Pinnacle Airlines and The Star Tribune Company in their Chapter 11 proceedings; lead counsel to Citibank on its $1 billion pre-purchase of AAdvantage Miles from American Airlines and in connection with American's Chapter 11 proceedings; counsel to the DIP agent in Enron ($1.5 billion), Adelphia Communications ($1.5 billion), Federal Mogul ($1.1 billion), Kodak ($950 million), A&P ($800 million), NewPage ($600 million) and counsel to the exit financing agent in Federal Mogul ($3.5 billion); and counsel to the agents or other major parties in numerous other cases, including Loral, Polaroid, Citation, Crown Paper, Ntelos and Magellan Health Services.

Mr Huebner has also routinely advised purchasers, companies and boards of directors in many non-public distressed matters, and provides risk management and bankruptcy advice on derivatives products and other complex transactions to clients such as Morgan Stanley, JP Morgan, Citibank, Credit Suisse and Bank of America Securities.

Mr Huebner has repeatedly been recognised as a leader in his field including being named in 2014 as deal maker of the year for his work in James River by Finance Monthly and among the global top 40 restructuring and turnaround lawyers by Global M&A Network.

This biography is an extract from Who's Who Legal: Insolvency & Restructuring which can be purchased from our Shop.

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87 Lancaster Road, London
W11 1QQ, UK