James L. BromleyPartner
For three decades, Mr. Bromley has advised on the most prominent and noticeable matters across a large number of industries, including automobile, aviation, consumer & retail, energy, financial services, manufacturing, mining, telecommunications and shipping, among others. He led the Chapter 11 proceedings of Nortel Networks US and designed and implemented the multinational sale process that resulted in the disposition of Nortel’s patent portfolio and its CDMA, Enterprise and MEN businesses. He was also the lead debtor’s counsel in the successful Chapter 11 reorganization of Overseas Shipholding Group and the prepackaged Chapter 11 plan of the reorganization of Modular Space Corporation. His 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.
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 the Interim Government and the National Assembly of the Bolivarian Republic of Venezuela in connection with the future restructuring of Venezuela’s external debt and the debt of certain of its state-owned instrumentalities; the Central Bank of Belize in connection with the liquidation of Atlantic International Bank; 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; and AT&T in its dispute with NIYU Holdings LLC in relation to escrow funds and related tax claims arising out of the 2016 section 363 sale by NIU of its Mexican operations to AT&T.
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 in front of two benches simultaneously in US and Canada with two judges sitting together by video feed. ‘This was unprecedented,’ observes a peer, summing up the consensus. ‘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 The American Lawyer, which named him a “Dealmaker of the Year,” Benchmark Litigation, which named him “Bankruptcy Lawyer of the Year,” and Turnarounds & Workouts, which named him “Outstanding Restructuring Lawyer.”
Mr. Bromley’s dedication to pro bono work 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 that unanimously determined that conversion therapy and seeking to convert gay people 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.
A thought leader in his field, Mr. Bromley has provided the following insights and authorship.
- “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 (chapter 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)