Kramer Levin Selected as Counsel to Unsecured Creditors Committee of NII Holdings, Inc.

Kramer Levin is pleased to announce that the firm has been selected as counsel to the official committee of unsecured creditors of NII Holdings, Inc., a leading provider of mobile communication services operating under the Nextel brand in Latin America.  In an effort to address liquidity issues and unable to resolve certain intercreditor disputes prior to filing, on September 15, 2014, the company sought Chapter 11 protection in the Bankruptcy Court of the Southern District of New York, listing approximately $8 billion of debt on its balance sheet. The five-member committee consists of Capital Research and Management Company, Aurelius Investment, LLC, Wilmington Trust National Association, Wilmington Savings Fund Society, and American Tower Corporation.

The Kramer Levin restructuring team is led by partner Kenneth H. Eckstein and includes partners Adam C. Rogoff and Robert T. Schmidt. Kramer Levin's Corporate Restructuring and Bankruptcy Group has been actively involved in most of the major bankruptcy cases in the United States over the last 20 years. The group comprises 45 lawyers and is chaired by Kenneth H. Eckstein and Thomas Moers Mayer, both fellows of the American College of Bankruptcy. Mr. Mayer was also recently appointed to the United States Judicial Conference Advisory Committee on Bankruptcy Rules by Chief Justice John Roberts. Numerous members of the group have been recognized by Chambers, New York Super Lawyers 2014, Best Lawyers 2015 and Legal 500 US 2014. Kramer Levin was also named the 2014 Corporate Restructuring and Bankruptcy Firm of the Year by Legal 500 US, Bankruptcy Law Firm of the Year at the M&A Advisor Turnaround Awards in 2014, and Law Firm of the Year in 2012 by U.S. News & World Report. In addition, the Global M&A Network named Mr. Eckstein to its list of Global Top 100 Turnaround Professionals for 2014.