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Arent Fox Named Unsecured Creditors Committee Counsel in Greensill Capital Inc. Chapter 11 Bankruptcy

Arent Fox’s Bankruptcy & Financial Restructuring practice has been retained as counsel to represent the official committee of unsecured creditors in the Chapter 11 case of Greensill Capital Inc.

Greensill Capital Inc., which served as the US sales arm for UK-based supply chain financing company Greensill Capital Management (UK) Ltd., which, in turn, is wholly owned by private Australian company Greensill Capital Pty. Ltd., filed for Chapter 11 protection on March 25, in the US Bankruptcy Court for the Southern District of New York. Affiliates of the debtor are in administration proceedings in the United Kingdom and Australia.

In early March, Greensill’s main insurer stopped providing credit insurance on $4.1 billion of debt in portfolios it had created for clients, including Swiss bank Credit Suisse. This factor, among others, led to the commencement of the administration proceedings and the Chapter 11 case.

New York Partners George P. Angelich and Jordana L. Renert and Associate Justin A. Kesselman are leading this engagement.

Arent Fox represents clients in financial restructurings; recapitalizations; bankruptcy; strategic litigation; and distressed and stressed asset and corporate acquisitions in various industries throughout the country.

Smart In Your World

Arent Fox’s Bankruptcy & Financial Restructuring practice has been recognized by Forbes as one of the best and most recommended firms in America. U.S. News & World Report and Best Lawyers annually honors the groups among the “Best Law Firms” in the nation.

About Arent Fox
Founded in 1942, Arent Fox is internationally recognized in core practice areas where business and the law intersect. With more than 430 lawyers and professionals, the firm provides strategic legal counsel and multidisciplinary solutions to a global roster of corporations, governments, and trade associations.

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