William is head of the firm’s U.S. Restructuring Practice. He represents financial institutions, creditors, borrowers, acquirors and committees in complex restructurings, bankruptcy mergers and acquisitions, and major litigations. The practice also encompasses representation of DIP lenders, asset-based lenders and providers of chapter 11 exit financing. Presently, Bill acts as special counsel to the Nortel (US) companies in their chapter 11 reorganization cases.
During the financial crisis of 2008 and its aftermath, Bill advised a number of U.S. and Canadian banks, financial institutions and pension funds with regard to their lending relationships, brokerage and security agreements, and other transactional interactions with troubled U.S. financial institutions, including Lehman Brothers, AIG, and Bear Stearns. Bill was heavily involved on behalf of major financial institutions in a number of restructuring matters arising out of the collapse of the Russian economy in 1998. As an example, he represented certain investment funds, managed by McGinnis Advisors, which had invested in Russia-based derivative securities in their chapter 11 cases in Texas.