Alan Kornberg is an internationally recognised specialist on Chapter 11 cases, restructurings and cross-border insolvencies.
Co-chair of the restructuring department, Alan Kornberg handles Chapter 11 cases, cross-border insolvency matters, out-of-court restructurings, bankruptcy-related acquisitions and insolvency-sensitive transactions and investments. Alan has represented a diverse range of clients spanning numerous industries in some of the most complex and contentious bankruptcy proceedings in recent years. Some of Alan’s significant cross-border and domestic debtor representations have included advising Bumble Bee Foods, CGG, Noranda, EnQuest, Quiznos and Houghton Mifflin Harcourt Publishing Company. Alan also has extensive creditor-side experience, including representing ad hoc debtholder groups in the restructurings of Westinghouse Electric, Tops Markets, Texas Competitive Electric Holdings Company, Tidewater, Pacific Exploration and SquareTwo, and agents for lending syndicates to Genco Shipping & Trading Limited. Alan is currently representing the California Public Utilities Commission in the Chapter 11 cases of PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company, California’s largest investor-owned public utility and the largest public utility in US history to file for bankruptcy relief. Alan also represented the Commission in PG&E’s previous Chapter 11 case, including in related litigation and appeals, from which PG&E emerged in 2003.
Recognised as a Band 1 practitioner by Chambers Global, Alan is “praised as ‘a statesman of the Bankruptcy Bar whose senior experience shows in the quality of his work’.” Alan has been ranked by Chambers USA for more than a decade, is recognised as a leading lawyer in corporate restructuring by both The Legal 500 and IFLR1000, and was chosen by his peers for The Best Lawyers in America in bankruptcy and creditor-rights law. He is one of only five practitioners in the country to be recognised as a “Most Highly Regarded Individual” by Who’s Who Legal for restructuring and insolvency.
Alan’s work has consistently received industry recognition. His role as US counsel to EnQuest in connection with its US$1.8 billion cross-border restructuring was recognised by The American Lawyer’s Global Legal Awards as Global Finance Deal of the Year: Insolvency and Restructuring (UK), and the previous year, his role as US counsel to the winding-up board of Glitnir Bank in the former Icelandic bank's Chapter 15 case was recognised as Global Finance Deal of the Year: Private Restructuring. Alan’s work on the restructuring of Charter Communications was recognised as “standout” (top tier) by the Financial Times’ “US Innovative Lawyers 2010” list. In connection with his representation of the California Public Utilities Commission in the Pacific Gas & Electric Company Chapter 11 case, The American Lawyer named Alan one of its Dealmakers of the Year in 2003.
Alan is also a prolific writer and speaker on industry topics. He contributes annually, with fellow Paul, Weiss bankruptcy partner Elizabeth McColm, a Chapter of the International Comparative Legal Guide (ICLG) To Corporate Recovery and Insolvency. Alan co-authors a similar contribution to the annual Restructuring & Insolvency publication by Getting the Deal Through and to Debt Restructuring published by Oxford University Press. He also co-authored, with fellow Paul, Weiss bankruptcy partner Brian Hermann, the “USA” chapter of the inaugural edition of The Strategic View – Corporate Restructuring, published by the Global Legal Group.
Alan is a conferee of the National Bankruptcy Conference, a non-profit, non-partisan organisation formed in the 1930s to assist Congress in the drafting of major bankruptcy law amendments. He is a fellow of the American College of Bankruptcy and a member of the International Insolvency Institute. Alan has also served as the second circuit regent of the American College of Bankruptcy and was the chair of the committee on bankruptcy and corporate reorganisation of the Association of the Bar of the City of New York from 2005 to 2008. He frequently mediates bankruptcy-related disputes and lectures on bankruptcy-related topics for local, national and international organisations.