Global Finance Practice Expansion Continues at Paul Hastings with Recognized Restructuring Partner Addition in New York

September 04, 2018

New York—Paul Hastings LLP, a leading global law firm, announced today that Pedro Jimenez, a recognized bankruptcy and restructuring lawyer with extensive cross-border experience, previously with Jones Day, has joined the firm as a partner in the Restructuring practice in New York. His arrival continues the firm’s investment in its market-leading Restructuring and Finance practices. Between the two practices, the firm has more than twenty individuals listed worldwide in the Chambers 2018 rankings and the Finance practice was recently named “Finance Team of the Year” by The Lawyer magazine in London.

“Our preeminent global Restructuring and Finance practices have been rapidly expanding in New York, London and Chicago, and Pedro will make an excellent addition to our firm,” said Seth Zachary, chair of Paul Hastings. “We are continuing to invest in providing clients strong restructuring capabilities, which means bringing on premier talent like Pedro, and further bolstering our litigation and regulatory areas,” he added.

“I’ve been impressed with the firm’s lawyers and strength in leveraged finance, private equity and litigation, all complementary practices to restructuring,” said Jimenez. “I am looking forward to further growing Paul Hastings’ best-in-class client-centric offering,” he added.

Jimenez has had extensive experience in all aspects of Chapter 11 cases and out of court restructurings, including contentious and non-consensual restructurings, over more than 20 years and has also been involved in countless high-profile cross-border bankruptcy restructuring transactions involving Asia and Latin America. His recent cross-border experience includes advising Nissan Motor Corporation on the global restructuring and Chapter 11 case of Takata Corporation; PT Arpeni Pratama Ocean Line and the administrator of Cozumel Caribe, S.A. de C.V. in their Chapter 15 cases; Spain's Groupo Isolux on its global restructuring; and Spansion Japan in its cross-border restructuring. He has also acted as restructuring counsel, represented bondholder and creditor groups and buyers of distressed assets for The Lippo Group, Chrysler, Dana Corporation and others in the energy, automotive, shipping and telecommunications sectors.

Jimenez’s arrival follows several recent partner additions in London, including Regulatory and Fintech partner Arun Srivastava, Private Equity partner Anu Balasubramanian and Privacy and Cybersecurity partner Sarah Pearce. In the last year, the firm has also added a number of high-profile Finance and Restructuring partners including Andres Mena in New York, Rich Davis in Washington, DC, and David Manson in London. The practice was shortlisted for “2017 Restructuring Team of the Year” and “2017 Finance Team of the Year” by The Lawyer and commended in the Financial Times’ Innovative Lawyers Report 2017.

Paul Hastings’ Restructuring and Finance practices regularly advise on the largest and most complex matters, including: representing the Official Committee of Unsecured Creditors in the ongoing Puerto Rico bankruptcy case; advising leading clothing retailer New Look and its owner, Brait SE on a Company Voluntary Arrangement; representing THL Corporate Finance as first lien creditor agent in the Chapter 11 case of shoe retailer Aerogroup; representing the ad hoc committee of Tier 2 noteholders on the successful alternative restructuring plan for The Cooperative Bank; advising an ad hoc group of bondholders to Norwegian pulp and paper company Norske Skogindustrier on the ongoing restructuring discussions and associated litigation; advising energy exploration and production company Vanguard Natural Resources in its Chapter 11 case; advising Goldman Sachs and Citigroup on the financing for the £1 billion acquisition by Advent International of Laird PLC; and PBF Holding Company LLC’s syndicated $3.4 billion credit facility.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.