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 and 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. His practice focuses on corporate restructuring, special situations and distressed investments, distressed mergers and acquisitions, and the bankruptcy aspects of structured finance. David also provides advice in connection with oil and gas royalty investments.

Selected Representations

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

Represented investment fund in acquisition of multi-national distressed and non-performing asset portfolio, including loans, claims, bonds and private equity positions.

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 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 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 investment fund with respect to foreclosure upon natural gas working interests in the Fayetteville Shale.

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.

Represented investment funds in connection with Marcellus Shale, Oil and Gas Lease with Cabot Oil & Gas and Hess Corporation.

Selected Publications

“Claims Trading is Next U.S. Export to Europe, Says Schulte Roth’s Karp,” Bloomberg Brief Bankruptcy, April 21, 2015 (interview)

“Bank Leeway, Hedges Give Energy Companies Breathing Room: Schulte’s Karp, Chin,” Bloomberg Brief Oil Buyer’s Guide, April 20, 2015 (interview)

“UK Supreme Court Clarifies Allocation of Prepayment Premiums for Debt Traders,” SRZ Client Alert, April 20, 2015 (co-author)

More

Selected Speaking Engagements

SRZ Distressed Investment Opportunities in Oil and Gas Seminar, New York, March 2015

“Legal Restructuring: Distressed Acquisitions in Chapter 11,” Wharton Restructuring Club 11th Annual Restructuring and Distressed Investing Conference, New York, February 2015

“New Growth Area: Energy Funds,” SRZ 24th Annual Private Investment Funds Seminar, New York, January 2015

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 
National Association of Royalty Owners

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.
  • Cornell University, B.S.