Paul Basta is lauded as an “excellent lawyer” by his peers. He specialises in Chapter 11 cases, cross-border insolvencies, bankruptcy-related acquisitions, and out-of-court restructuring.
Co-chair of the restructuring department and a member of the firm's management committee, Paul Basta represents debtors, creditors and investors in a broad range of restructuring matters, including Chapter 11 cases, cross-border insolvency matters, out-of-court restructurings and bankruptcy-related acquisitions. Paul 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 Paul’s significant debtor representations have included advising Sears, Barneys, A&P Supermarkets, MoneyGram, LINN Energy, Samson Resources, Sun Healthcare Group, Charter Communications, Global Crossing, Marvel Entertainment, Reader’s Digest, Caesars Entertainment Operating Co, Kerzner International, MS Resorts, TOUSA and Tecumseh Products, among others. Paul has extensive experience representing creditors in major bankruptcies and restructuring matters, including funds such as Bain Capital, Centerbridge, GoldenTree, GSO, H Partners and HPS Partners. He has also represented numerous private equity funds in connection with their distressed portfolio companies. Paul represented the Houston Astros in connection with the Houston Regional Sports Network Chapter 11 case.
Paul has been consistently recognised for the past decade as a leading lawyer by Chambers USA, earning praise for being an attorney who “is among the ‘upper echelons of lawyers.’” Clients recognise that he “knows how to pull together disparate views and find the right solution”; that he has “one of the best analytical minds on the street”; and that he’s “hard working, intuitive, and a great communicator”. The Legal 500 lists Paul as a “leading lawyer”, recommending him as “brilliant, but above all he relates to people and manages to create compromise from initially acrimonious situations”.
Paul has been selected twice as one of Law360’s “Bankruptcy MVPs” (2012 and 2019) for accomplishments including “successfully bringing warring parties to the bargaining table in out-of-court restructurings”. His representation of Charter Communications garnered recognition by the Financial Times “US Innovative Lawyers” report in 2010 and earned high praise from The Deal, which named the Charter reorganisation as one of its “deals of the year” for 2009. Paul has also earned consistent recognition in Chambers Global, The Best Lawyers in America, and IFLR1000, which has selected Paul as a leading lawyer in restructuring and insolvency every year since 2008.
Paul regularly lectures and publishes articles on restructuring topics. He has written for an array of notable industry publications, including New York Law Journal and Daily Bankruptcy Review, among others, and has led numerous seminars at conferences held by leading industry organisations including the American Bankruptcy Institute, Practising Law Institute, George Washington University Law School, Turnaround Management Association and Renaissance American Management. Paul is a fellow of the American College of Bankruptcy and a member of the board of directors for Her Justice. He currently teaches a course on corporate restructuring at George Washington University Law School.