Attorneys
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David J. Karp

919 Third Avenue
New York, New York 10022
United States of America
P: +1 212.756.2175
E:

One Eagle Place
London SW1Y 6AF
United Kingdom
P: +44 (0) 20 7081 8048
E:

David J. Karp is a partner in the New York and London offices, where his practice focuses on corporate restructuring, special situations and distressed investments, distressed mergers and acquisitions, and the bankruptcy aspects of structured finance. David leads the firm’s Distressed Debt & Claims Trading Group, which provides advice in connection with U.S., European and emerging market debt and claims trading matters. David is a regular contributor to the Distressed Debt Investing Blog.

Selected Representations

Distressed Investing Representations
Represented investment bank in connection with sale of distressed CDO portfolio.

Represented owner and operator of hotel properties with respect to Chapter 11 bankruptcy reorganization and the restructuring of approximately $1 billion of debt.

Represented investment fund in providing debtor-in-possession financing to tier 1 automotive supplier.

Represented investment fund with respect to foreclosure upon natural gas leasehold interests in the Fayetteville Shale formation.

Represented large national retail propane distributor with respect to Chapter 11 bankruptcy reorganization and the restructuring of more than $550 million of debt.

Represented retail center owner in connection with sale of real property under Section 363 of the Bankruptcy Code.

Represented private equity fund in connection with proposed acquisition of substantial portion of the assets of tier 1 automotive supplier.

Represented chemical manufacturer in refinancing $625 million of secured debt.

Represented numerous private equity firms and investment funds in top-to-bottom review and analysis of capital and organizational structure for investment in distressed debt securities.

Represented investment bank in connection with auction of distressed bank debt.

Represented various parties in securitization and CMBS transactions. Provided advice in connection with bankruptcy-remote structures, true sale and nonconsolidation issues.

Represented various parties in structuring and addressing bankruptcy aspects of derivative contracts including swap agreements, repurchase agreements and securities contracts.

Energy Representations
Represented the chairman of an official equity committee in the reorganization of Seahawk Drilling Inc., a company that provided drilling services to the oil and natural gas industries

Represented investors in Stallion Oilfield, a leading oilfield services company that provides comprehensive wellsite support and production and logistics services to oil and natural gas exploration and production companies, during its Chapter 11 reorganization.

Represented investors in Trident Resources Corporation, a natural gas production company principally focused on the exploration and exploitation of unconventional natural gas resources, during its Chapter 11 restructuring.

Represented investors in connection with the acquisition of interest in ampCNG, a compressed natural gas station developer.

Selected Publications

“Beware the ‘Meridian Sunrise’ — District Court Rules Investment Funds Are Not ‘Financial Institutions’ Under Loan Transfer Restrictions,” SRZ Client Alert, May 2, 2014 (co-author); republished in The Columbia Law School Blue Sky Blog, May 20, 2014

“Revised LSTA Secondary Debt Trading Documents Effective April 24, 2014,” SRZ Client Alert, April 23, 2014 (co-author)

“Transfer Restrictions May Create Additional Counterparty Risk for Distressed Debt Investors,” Corporate Rescue and Insolvency, 23 April 2014 (co-author)

More

Selected Speaking Engagements

SRZ European Bank Debt and Claims Trading Seminar Series: “Overview of European Claims Trading,” New York, May 2014 and London, June 2014; “Overview of European Bank Debt Trading,” New York, April 2014 and London, May 2014

Moderator, “Distressed Opportunities in Europe,” SRZ 2nd Annual Distressed Investing Conference, New York, November 2013

“Insider Trading and Chapter 11,” SRZ Distressed Investing Conference: Reflections on 2012 and the Road Ahead, New York, December 2012

More

Memberships

American Bankruptcy Institute
Asia Pacific Loan Market Association
Emerging Markets Trade Association
International Swaps and Derivatives Association
INSOL Europe
Loan Market Association
Loan Syndications and Trading Association 

Other Distinctions

New York Super Lawyers

Profiled as “Mover of the Week” by Dow Jones Daily Bankruptcy Review for expertise in the area of European Distressed Investing

Bar Admissions

  • New York
  • Registered Foreign Lawyer (England & Wales)

Court Admissions

  • U.S. District Court, Southern District of New York

Education

  • Fordham University School of Law, J.D., 1999
  • Cornell University, B.S., 1996