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

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.

Selected Publications

“Revised LMA Secondary Debt Trading Documents Go Live on 3 March,” SRZ Client Alert, 28 Feb. 2014 (co-author)

“LSTA’s Revised Trading Documents Allow Revolver Loan Investors to Protect Their Posted Collateral — But Only If They Ask,” SRZ Client Alert, July 1, 2013 (co-author); republished in Pratt’s Journal of Bankruptcy Law, July/August 2013

“Bankruptcy Platform Extinct: Do Online Claims Trading Marketplaces Have a Future?” Turnarounds & Workouts, June 2013 (quoted)

More

Selected Speaking Engagements

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

“Bankruptcy Claims Trading 201 — Advanced Trading Issues,” SRZ Bankruptcy Claims Trading Seminar, New York, November 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

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

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