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:

Heathcoat House
20 Savile Row
London W1S 3PR
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 and 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

Advanced Distressed Debt Lesson: Bank Debt Trading,” Distressed Debt Investing Blog, May 13, 2013 

“UK Supreme Court Issues Authoritative Decision on ‘Balance Sheet Insolvency Test,’“ SRZ Client Alert, 9 May 2013 (co-author)

Advanced Distressed Debt Trading & Trade Dispute Litigation: Debtor vs. Secondary Market Claims Purchaser,” Distressed Debt Investing Blog, Jan. 23, 2013

More

Selected Speaking Engagements

“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, November 2012

“Bankruptcy Claims Trading 101 — Introduction to Claims Trading,” SRZ Bankruptcy Claims Trading Seminar, October 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 

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