The Puerto Rico Debt Crisis – An Update
For over 30 years, Lorraine has advised leading financial institutions, syndicated lender groups, creditor committees and other parties from the U.S., Europe, Asia and Africa seeking to maximize their recovery or reduce their exposure. She has been the lead bankruptcy lawyer advising companies (including their boards) seeking to acquire financially distressed companies or assets. Lorraine interfaces with auditors, government regulators, investment bankers and others, and develops and implements mediation and litigation strategies, and negotiates reorganization plans and complex corporate and finance documents.
Recent notable engagements include representing multinational bank syndicates in connection with the restructuring of major toll roads, the acquisition of a $6 billion toll road by an Australian firm, representing financial institutions, municipalities and others in the global Lehman insolvency proceedings, representing a South African company in connection with its $3.4 billion acquisition of a mineral sands business, and representing financial institutions in connection with the restructuring of Puerto Rico’s $72 billion indebtedness.
Lorraine is the chair of Orrick’s firmwide Diversity & Inclusion Initiatives and recently completed two terms of service on the firm’s 11-member Board of Directors. She previously chaired Orrick’s Restructuring Group. She is a frequent speaker and author on bankruptcy and insolvency matters and serves as an Editor of the newly launched Bloomberg Bankruptcy Treatise.
Lorraine is described by colleagues, clients and others as ”tireless,” “ubiquitous,” “driven, determined, dedicated and devoted” and “a multi-faceted, multi-dimensional, multi-successful person on so many levels.”