Third Circuit Departs from Momentive and Reinstates EFIH Noteholder Make-Whole Claims Causing Uncertainty over EFH’s Ability to Exit Bankruptcy
Raniero (Ron) D’Aversa is chair of Orrick’s Restructuring group. He is a market-leading practitioner in bankruptcies, out-of-court restructurings and creditors’ rights controversies and brings years of experience representing DIP lenders, secured lenders, bank groups and hedge funds in those capacities.
Ron is the designated restructuring counsel to many leading financial institutions such as The Royal Bank of Scotland, Bank of America, Citibank, Commerzbank, Wells Fargo, Toronto-Dominion Bank and The Bank of Nova Scotia. He has represented clients in loan bankruptcies, workouts, DIP loans, distressed debt trading, bankruptcy litigation, derivatives and distressed acquisitions. Ron has represented creditor interests of financial institutions and investors in such restructuring and bankruptcy cases as Indiana Toll Road, Pocahontas Parkway, Eagle Bulk, Spyglass Films, American Airlines, Chemtura Corporation, AbitibiBowater and Mesa Airlines.
Ron’s clients praise his “clear and direct advice.” He is regarded by his clients and peers as a leader in financial restructurings. Because of his experience, Ron understands every phase of a bankruptcy and restructuring matter and knows how to effectively position a client to control opposition and maximize results.