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Aaron Javian

Restructuring and Insolvency Partner, New York

“I advise on complex financial restructurings and am able to offer clients a cross-border perspective and extensive knowledge of international restructuring regimes. I delve deep into the critical issues facing clients in order to develop the best solutions for their problems.”

Overview

Professional experience

Education and qualifications

Overview

Aaron advises creditors, debtors, new money investors (including hedge funds), administrators and liquidators on all aspects of domestic and cross-border in-court and out-of-court financial restructurings, with particular expertise in Chapter 11 and Chapter 15 proceedings and special insolvency regimes applicable to financial institutions.

Aaron also advises on bankruptcy issues affecting a broad range of complex transactions, including M&A,  structured finance and derivative transactions and securitizations. He has deep knowledge of the applicability of bankruptcy “safe harbors” to a wide array of financial transactions in the commodities and securities space.  

Work highlights

Aaron has led on many restructuring transactions. Those of significance where substantial involvement can be disclosed include advising:

  • Abengoa on its cross-border restructuring over US$20bn of debt through coordinated restructuring proceedings in numerous jurisdictions, including the first ever recognition of a Spanish judicial homologation proceeding under Chapter 15 of the Bankruptcy Code
  • an ad hoc committee of noteholders in connection with the restructuring of over US$1bn of debt issued by Codere, a leading Spanish private gaming company, including its Chapter 15 filing
  • an ad hoc group of exchange bondholders in connection with the negotiation of an inter-creditor resolution of the high profile litigation involving the Republic of Argentina and certain holdout bondholders
  • Towergate Finance on its successful petition for Chapter 15 recognition of UK schemes of arrangement adjusting US$1bn of debt
  • the coordinating committee of senior lenders on the comprehensive £2.3bn debt restructuring of hibu (formerly known as Yell), a multinational directories and internet services company headquartered in the UK
  • the coordinating committee of senior vessel lenders in connection with the approximately US$3bn debt restructuring of ZIM Integrated Shipping Services on U.S. restructuring options
  • the joint administrators of Lehman Brothers International (Europe) (“LBIE”) in reaching a consensual resolution of tens of billions of dollars of claims asserted by and against Lehman Brothers Inc., including the allowance of the largest customer claim ever awarded in the history of U.S. broker dealer insolvencies in favour of LBIE and its customers 

Professional experience

Aaron is a member of the New York City Bar Committee on Recruitment and Retention of Lawyers and of the Federal Bar Council’s Bankruptcy Litigation Committee.

Aaron regularly speaks and writes on restructuring issues, including

Panellist, “Intercreditor Arrangements: Current Developments in the U.S. and Europe”, Loan Market Association (LMA) conference, London, 2015

U.S. Chapter, Insolvency and Corporate Reorganisation Report, IFLR, 2015

Education and qualifications

Aaron studied psychology and history at the University of Pennsylvania and holds a Juris Doctor from Boston College Law School.