Ronald J. Silverman
Partner Corporate & Finance
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Overview
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Experience
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Credentials
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Insights and events
Client quoted in Legal 500 US 2023'Ron Silverman is an outstanding strategist.'
Ron Silverman is co-head of the firm's U.S. Restructuring and Special Situations practice group. He represents companies, sovereign nations, banks, financial institutions, hedge as well as private equity funds, and other sophisticated investors involved in restructurings, rescue financings, distressed M&A, and insolvencies.
Ron has a broad background in international restructurings, having completed restructurings in dozens of countries across the globe. He has led some of the most significant Chapter 15 cases in connection with cross-border restructurings, and wrote the Chapter 15 primer for a leading treatise.
Ron's range of experience is diverse but includes comprehensive knowledge of energy restructurings involving the power, oil and gas, solar, wind, and mining areas. Ron is also involved in restructurings related to Latin America and related to China. He led the landmark ABI Beijing Insolvency & Restructuring Symposium in Beijing.
Ron was also the Vice President for International Affairs of the American Bankruptcy Institute and served on the board of directors of INSOL International. Previously, Ron served on the adjunct faculty at the University of Connecticut School of Law. He taught a seminar on international insolvency while maintaining his private practice.
Client quoted in Legal 500 US'Ronald Silverman is very thoughtful, great background/expertise in bankruptcy matters, thinks strategically and is very collaborative.'
Representative experience
Representing the agent for the United States Treasury in the Chapter 11 proceedings of Yellow Corporation, one of the nation’s largest trucking companies.
Representing a Latin American sovereign on an innovative sovereign loan involving multilateral credit support.
Representing the Ministry of Finance of Ghana in the analysis, evaluation and potential implementation of the restructuring of more than US$40 billion in sovereign debt.
Representing the Trustee on $1billion of bonds in the Chapter 15 case of Brazilian retailer Americanas.
Advised the Republic of Ecuador on the restructuring of over US$19bn of Ecuador's debt necessitated by the crippling effects of the coronavirus outbreak and historically low oil prices.
Advised Deutsche Bank Trust Company Americas as indenture trustee under US$650m senior secured notes that were issued by Petra Diamonds, a company that mines and supplies diamonds.
Advised the Unsecured Creditors Committee in the Chapter 11 cases of Speedcast International Ltd., currently pending in the Bankruptcy Court for the Southern District of Texas.
Advised Deutsche Bank Trust Company Americas as indenture trustee for US$3bn of bonds, and as a member of the Official Creditors Committee, in the Chapter 11 of Valaris, the largest offshore driller.
Advised Madison Pacific as the facility agent in the Chapter 11 proceedings of Pacific Andes and its Peruvian subsidiary, China Fishery, one of the largest producers of fish oil and fishmeal.
Advising U.S. Bank as trustee regarding the multi-billion dollar restructurings of Puerto Rico's debt, involving over US$10bn face amount of bonds issued by various Puerto Rican public corporations.
Advising the indenture trustee regarding the restructuring of US$350m of public bonds issued by international data communications provider GCX Limited.
Representing the MexCAT ad hoc bondholder group in respect of the US$6bn of bonds issued by the Mexico City Airport Trust.
Representing the official committees of unsecured creditors in the Delaware and Missouri cases of Abengoa, a multinational renewable energy company with over US$9bn in debt.
Representing the ad hoc bank group in the US$2bn Singapore restructuring proceedings of the Hyflux Group.
Representing a leading hedge fund in the Chapter 15 case of Supercanal.
Advising a major global financial institution in the US$6bn Canadian, U.S., and Colombian restructuring of PEPCO, Colombia's largest oil and gas E&P company.
Representing a major creditor on the official committee of unsecured creditors in the Chapter 11 proceedings of multinational oil and gas drilling provider Seadrill.
Advising US$850m DIP facility lenders and credit bid acquirer in the Chapter 11 case of ATP, a Gulf of Mexico, North Sea, and offshore Israel E&P company.
Representing People's Republic of China Zhejiang Topoint Photovoltaic Co. in its U.S. Chapter 15 proceedings.
Representing Evergreen Solar, as debtor, in connection with its Delaware Chapter 11 case and sale to a Chinese purchaser.
Advising the bondholders in the multinational restructuring proceedings, including the Chapter 15 case, of multinational solar company Suntech.
Representing the largest lender to C.S. Mining LLC, a major western U.S. mining company, in connection with its Chapter 11 restructuring case.
Advising the bondholders in the €1.2bn Chapter 15 restructuring of European telecoms company Wind Hellas.
Represented the indenture trustee in the successful out-of-court restructuring and exchange of US$250m of copper manufacturer Industrias Unidas' bonds.
Credentials
- J.D., University of Connecticut, 1991
- B.A., Trinity College, with honors, 1988
- New York
- District of Columbia
- Connecticut
- U.S. District Court, District of Connecticut
- U.S. District Court, Eastern District of New York
- U.S. District Court, Southern District of New York
- Member, American Bankruptcy Institute
- Member, American Bar Association
- Member, INSOL International
- Member, International Bar Association
- Member, New York Bar Association
- Member, The World Bank Global Task Force on Effective Insolvency and Creditor/Debtor Regimes
- Past Chair, INSOL International Technical Research Committee
- Past Chair, International Committee of the American Bankruptcy Institute