Partner, Bankruptcy & Restructuring
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Gil has represented a wide variety of interests in the insolvency arena, with his cases mirroring the current troubled sectors of the economy. In recent years, Gil has increasingly focused on representing banking and financial institutions engaged in capital markets transactions involving sophisticated financial products, including sellers and buyers in distress and Section 363 sales. Gil has acted as a SIPA Trustee in stockbroker liquidations at the request of the Securities Investor Protection Corporation, and representing indentured trustees in Chapter 11 cases involving significant public debt. Gil represents asset based lenders in insolvency proceedings involving borrowers in such diverse sectors as textile apparel, oil and gas, health care, trucking and sub-prime mortgage lending.
- Successfully litigated the landmark Bevill, Bresler & Shulman capital markets/repurchase agreement case on behalf of the $300 million Repo Participant Claimants’ Committee.
- Acted as counsel to the equity interests in a number of large commercial single asset real estate projects, including the ground breaking prepackaged filing of 14 Wall Street, utilizing Bankruptcy Code Section 1146(c) to save significant transfer tax payments.
- Represented a real estate group in the early 90s which successfully restructured over $800 million of unsecured and secured debt in an out-of-court workout.
- Acted as co-counsel for the Creditors Committee of Extended Stay, a Chapter 11 hospitality chain, filed in the Southern District of New York, which restructured $7.4 billion of mortgage and mezzanine debt.
Gil regularly lectures institutional clients on insolvency issues.