MatlinPatterson Global Opportunities Partners II L.P.’s Chapter 11

Simpson Thacher advised MatlinPatterson Global Opportunities Partners II L.P on the deal.

MatlinPatterson Global Opportunities Partners II L.P. together with certain other ‘Fund II’ entities, the ‘Debtors’, committed in a chapter 11 filing that seeks to fully and finally resolve years of litigation in multiple foreign jurisdictions that have hamstrung the Debtors and prevented an orderly liquidation and distribution to their investors.

The Debtors have been entangled in litigation across multiple foreign jurisdictions. Simpson Thacher’s London Litigation team, led by Tyler Robinson and Lauren Brazier, has been representing the Debtors in certain of these litigations over the past several years. The chapter 11 filing seeks to consolidate these litigations into a single forum, governed by U.S. law, and disallow each of the asserted litigation claims so that the Debtors may pay all of their bona fide creditors and proceed with the final wind-up and liquidation of the funds, and the ultimate distribution of the fund assets to the investors.

While now in wind-up, the MatlinPatterson “Fund II” entities were private investment funds that specialized in distressed investing, particularly in South America, and reached the end of their life in 2013.

The Simpson Thacher team included Elisha Graff (Picture), Kathrine McLendon, David Zylberberg, Jamie Fell, Dov Gottlieb and Jonathan Mitnick (Restructuring); Tyler Robinson, Lauren Brazier and Jeffrey Bohme (Litigation); Olga Gutman, Linda Tieh and Michael Milano (Funds); Steve DeLott (Insurance); Jonathan Goldstein, Brian Mendick and Kris Liu (Tax); and Bill Sheehan, Kal Venkatraj and Taylor Nefussy (Credit). Summer Associates Avery Golombek and Charlotte McCary also provided invaluable assistance.

Involved fees earner: Jeffrey Bohme – Simpson Thacher & Bartlett; Lauren Brazier – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Jamie Fell – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Dov Gottlieb – Simpson Thacher & Bartlett; Elisha Graff – Simpson Thacher & Bartlett; Olga Gutman – Simpson Thacher & Bartlett; Kris Liu – Simpson Thacher & Bartlett; Kathrine McLendon – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Michael Milano – Simpson Thacher & Bartlett; Jonathan Mitnick – Simpson Thacher & Bartlett; Taylor Nefussy – Simpson Thacher & Bartlett; Tyler Robinson – Simpson Thacher & Bartlett; William Sheehan – Simpson Thacher & Bartlett; Linda Tieh – Simpson Thacher & Bartlett; Kalyan Venkatraj – Simpson Thacher & Bartlett; David Zylberberg – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: MatlinPatterson Global Opportunities Partners II L.P.;

Author: Martina Bellini