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    Home /  Lawyers /  James L. Bromley

    James L. Bromley

    Partner

    James L. Bromley Headshot Photo Portrait backdrop

    New York

    +1-212-558-4923

    |

    bromleyj@sullcrom.com

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    Jim Bromley is a partner in Sullivan & Cromwell’s Finance & Restructuring Group and is the Co-Head of the Firm’s Global Restructuring Practice, where his practice focuses on restructuring, bankruptcy and litigation advice to a wide spectrum of corporate clients, including creditors, debtors and investors, as well as government actors. Most recently recognized by Chambers USA in Band 1 for Bankruptcy/Restructuring – New York, Jim has been described as “… one of the best courtroom lawyers.”

    For three decades, Mr. Bromley has advised on the most prominent matters across a large number of industries, including automobile, aviation, consumer & retail, crypto, energy, financial services, manufacturing, media & sports, mining, telecommunications and shipping, among others.

    Jim is representing FTX Trading Ltd. and over 100 affiliates debtors in the landmark Chapter 11 proceedings arising out of the largest failure in the crypto space and acting as Chapter 11 debtor’s counsel to SVB Financial Group, the former parent of Silicon Valley Bank. Jim is also representing Major League Baseball and certain baseball clubs in the chapter 11 proceedings of Diamond Sports Group, achieving a decisive trial victory in June 2023.

    Jim's stature in the restructuring and bankruptcy space has won him plaudits from peers and clients alike.

    “I admire him as he is very smart, has a really impressive grasp of substantive law, is very good in court and is quietly effective at running complicated cross-border cases,” said a commentator to Chambers USA.

    “A ‘first-rate bankruptcy lawyer … One of the true experts in cross-border insolvencies.’” “Tremendously talented, incredibly smart and able to pick up issues very, very quickly,” remarks Chambers USA and its interviewees.

    Mr. Bromley has substantial first-chair trial experience, including jury trials before state and federal courts. His reputation extends to the international stage with his representation of Nortel Networks US.

    The bench trial was held simultaneously in US and Canada with two judges sitting together by video feed. “‘This was unprecedented,’ observes a peer. ‘There were over 100 depositions and 40 witnesses, and these judges were definitely no-nonsense, and after all they had to go through, were not about to suffer any fooling around. The lawyers definitely had their work cut out for them, but James [Bromley] did very well on that,’” Benchmark Analysis wrote.

    Domestically, Mr. Bromley has been highly regarded by the business and legal press, including recognition by Chambers USA for the past 19 years, The American Lawyer, which named him a “Dealmaker of the Year” and “Litigator of the Week,” Benchmark Litigation, which named him “Bankruptcy Lawyer of the Year,” a “Litigation Star,” a “National Practice Area Star,” and Turnarounds & Workouts, which named him “Outstanding Restructuring Lawyer.” Mr. Bromley was also recognized by The Best Lawyers in America for his work in Bankruptcy and Creditor Debtor Rights as well as Insolvency and Reorganization Law.

    Mr. Bromley’s dedication to pro bono work also has put him in the spotlight. In 2016, he was the lead trial counsel in Michael Ferguson v. JONAH, the landmark LGBT civil rights case where a jury unanimously determined that conversion therapy (peddling services that purport to change sexual orientation) constituted consumer fraud.

    “Jim [Bromley] and his team didn’t just show up for the fun stuff; they played a central role in every discovery kerfuffle, every deposition, every expert report, and every court argument … Jim’s closing argument enraptured the courtroom and had many of us in tears,” said David Dinielli, deputy legal director with the Southern Poverty Law Center, regarding the JONAH case.

    A lecturer-in-law on cross-border insolvency law at Harvard Law School, Mr. Bromley is also a fellow at the American College of Bankruptcy and an instructor at International Association of Restructuring, Insolvency & Bankruptcy Professionals (“INSOL”). He is a frequent speaker at International Insolvency Institute (“III”), INSOL, American Bankruptcy Institute (“ABI”) and other industry leading conferences.

    Read More

    Spotlight

    Andy Dietderich, Jim Bromley and Alexa Kranzley Named Top Dealmakers by The American Lawyer 

    Read More
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    SVB Financial Group Restructuring Recognized by Turnarounds & Workouts

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    LatinFinance Recognizes Two S&C Matters as ‘Deals of the Year’

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    Andy Dietderich and Jim Bromley discuss S&C’s Law360 ‘Practice Group of the Year’ win for Bankruptcy

    Read More
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    FTX Emerges from Bankruptcy Under $14+ Billion Plan

    Read More
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    • Experience
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    • Publications, Videos and Podcasts
    • Credentials
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    Experience

    Experience

    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: 

    • 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
    • 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.
    • Chapter 11 debtors’ counsel to Overseas Shipholding Group, Geoffrey LLC, the holder of the intellectual property within the Toys R Us group, Modular Space Corporation, Covanta Energy, 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)
    Read More
    News

    News

    • S&C Advises MLB in Diamond Sports Group Plan Confirmation

      November 18, 2024
    • S&C Advises SVB Financial Group Through Successful Plan of Reorganization

      November 7, 2024
    • S&C Wins Ruling for MLB on Telecast Fees in Diamond Sports Bankruptcy

      June 7, 2023
    • S&C Leads Centerra Gold to Successful Resolution of Dispute with Kyrgyz Republic

      August 12, 2022
    • S&C Advises Belize in Historic “Blue Bond” Restructuring To Support Ocean Conservation

      November 17, 2021
    • Jim Bromley Talks to Reuters About Falling Bankruptcy Filings

      September 17, 2021
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    Publications, Videos and Podcasts

    Publications, Videos and Podcasts

    • S&C Lawyers Contribute to Latin Lawyer: The Guide to Corporate Crisis Management, Fifth Edition

      Books February 1, 2024
    • Latin Lawyer: The Guide to Corporate Crisis Management, Fourth Edition

      Books December 15, 2021
    • Latin Lawyer: The Guide to Corporate Crisis Management, Third Edition

      Books March 2, 2021
    • Fiduciary Duty Conversations During COVID-19: Ways to Save a Business

      Podcasts July 29, 2020
    • Finance and Restructuring

      Webinars April 15, 2020
    • Legal Developments in the Consumer & Retail Sector

      Podcasts November 13, 2019
    Read More
    Credentials

    Credentials

    Education

    • Columbia Law School, J.D., 1989
    • Boston College, B.A., 1986

    Bar Admissions

    • New Jersey
    • New York
    Read More
    Related Practices

    Related Practices

    • General Practice
    • Bankruptcy Litigation
    • Crisis Management
    • Environmental, Social and Governance (ESG)
    • International Arbitration and Global Dispute Resolution
    • Latin America Dispute Resolution
    • Mergers & Acquisitions
    • Restructuring
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