James L. Bromley

Highly regarded in the restructuring community, Mr. Bromley has been one of the most sought-after and trusted legal advisers in unique situations. His most recent assignments include representing: 

• EchoStar Corporation in the Chapter 11 proceedings of Hughes Satellite Systems & DISH Wireless
• The foreign representative of TV Azteca as Chapter 15 counsel
• Multiple key industry players in structuring AI investments
• United States Department of Energy in connection with investments in The Puerto Rico energy grid
• American Express as defendant in avoidance proceedings brought by the litigation trust arising out of the Chapter 11 proceedings of Kabbage, Inc.
• FTX Trading Ltd. and over 100 affiliated debtors as Chapter 11 debtors’ counsel

• SVB Financial Group as Chapter 11 debtor’s counsel
• The office of the Commissioner of Major League Baseball and 14 baseball clubs in the Chapter 11 proceedings of Diamond Sports Group, including a decisive trial victory
• Mineras los Pelambres, the owner and operator of a Chilean copper mine, in the Chapter 11 proceedings of Alto Maipo, a Chilean operator of a hydroelectric power project, including a pivotal victory on personal jurisdiction grounds

• Kumtor Gold Company and Kumtor Operating Company as Chapter 11 debtors’ counsel
• Upbound Group, Inc. in the Chapter 11 proceedings of FlexShopper, Inc.
• Barclays Bank PLC as agent in $2.01 billion debtor-in-procession (DIP) financing to Cineworld Group plc in their Chapter 11 cases
• Ad hoc group of creditors in the Chapter 11 proceedings of Avaya, Inc. and certain of its subsidiaries
• California Resources Corporation and affiliates as Chapter 11 debtors’ counsel in their successful emergence from Chapter 11
• Ares Management Corporation in the senior preferred equity financing led by funds managed by its Private Equity Group and Credit Group in connection with Ferrellgas Partners, L.P.’s successful completion of its restructuring through a confirmed Chapter 11 plan of reorganization
• Nortel Networks Inc. as Chapter 11 debtors’ counsel, including overseeing multiple auctions of businesses and patent portfolio, generating $7.5 billion in proceeds and 100% return for all creditors
• Covanta Energy (now Reworld Holding Corporation), as Chapter 11 debtors’ counsel in the successful reorganization of the largest U.S. waste-to-energy operator
• Overseas Shipholding Group, a publicly-traded operator of a fleet of over 100 oil tankers, as Chapter 11 counsel in its successful reorganization
• Chapter 11 debtors’ counsel to Geoffrey LLC, the holder of the intellectual property within the Toys R Us group, Modular Space Corporation, Apex Silver Mines, Renaissance Cosmetics, Van Camp Seafood (Chicken of the Sea), Color Tile, Cadillac Fairview and Pan Am
• BHP Brazil in its role in a joint venture with Vale S.A. in Samarco Mineração S.A. in Samarco’s judicial reorganization in connection with its financial indebtedness and related Chapter 15 proceedings
• Deerfield Management as senior secured creditor, DIP lender and plan sponsor in the Chapter 11 cases of Endologix, Melinta Therapeutics, and Pipeline Healthcare; and as the largest second lien holder in the restructuring of Mallinckrodt through a confirmed Chapter 11 plan of reorganization
• Ministry of Finance of Belize in connection with the refinancing of Belize’s “superbond” sovereign debt through the use of “blue bond” financing designed to protect Belize’s environment
• Bluestone Resources and members of the Justice family in a 2021 action against Greensill Capital alleging fraud and breach of contract regarding $850 million of financing
• The Central Bank of Belize in connection with the liquidation of Atlantic International Bank
• Key Energy Services in its out-of-court restructuring through a debt-to-equity conversion
• Members of an ad hoc group of creditors and equity investors in the $3 billion pre-packaged Chapter 11 restructuring of Acosta
• Lion Capital in its affiliate’s DIP financing for and acquisition of John Varvatos Enterprises in a Section 363 sale process
• Lion Capital in its investment in, and the consideration of restructuring alternatives for, Bumble Bee Foods
• Lombard North Central as secured lender in Chapter 11 proceedings of Bristow Group
• AT&T in its escrow dispute with Nextel arising out of the 2015 Section 363 sale of Nextel’s Mexican operations to AT&T for $1.85 billion
• Banco Santander (Brasil) in litigation against American Airlines seeking a declaratory judgment that their co-brand credit card agreement has been terminated as a result of American Airline’s cessation of flights to Brazil as a result of the COVID-19 crisis that generated a positive settlement for the client
• Delta National Bank in litigation against the Trustee of the estate of Bernard L. Madoff Investment Securities LLC

A thought leader in his field, Mr. Bromley has provided the following insights and authorship.

Publications

• “US: Chapter 15 Courts Eliminate Barriers to Entry and Impediments to Exit for Foreign Debtors in Chapter 15,” The Restructuring Review of the Americas 2019, Global Restructuring Review, 2018 (article co-author)
• “The Pension Benefit Guaranty Corporation’s Valuation Regulation in Bankruptcy: Entitled to Chevron Deference or Arbitrary and Capricious?,” The University of Pennsylvania Journal of Business Law, 2018 (chapter co-author)
• “U.S. Insolvency and Corporate Reorganization Report,” International Financial Law Review, 2017 (chapter co-author)
• The Law and Practice of Restructuring in the U.K. and U.S., Oxford University Press, 2017 (chapter co-author)
• Cross-Border Bank Insolvency, Oxford University Press, 2011 (chapter co-author)
• “Asserting Claims under Convertible Bonds, Warrants and Exchangeable Bonds in U.S. Bankruptcy,” Journal of Private Case Law Studies, Pakyoungsa Publishing Co., 2006 (chapter co-author) (translated from English into Korean)