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Alice J. Byowitz
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- Partner
- New York
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Alice J. Byowitz represents mutual funds, distressed investors, indenture trustees and creditor committees in some of the largest, most complex and highest-profile municipal restructurings and corporate reorganizations, both in and out of court. Alice’s clients include OppenheimerFunds/Invesco, Nuveen Asset Management, Franklin Advisers and BlackRock, and represented the Official Committee of Unsecured Creditors in the Hertz Corporation’s bankruptcy.
Alice has been involved in the nation’s largest municipal bankruptcies, including those of Puerto Rico, Detroit, and Jefferson County. She played a key role on the Kramer Levin team representing holders of more than $10 billion of bonds issued by Puerto Rico, including in a victory before the U.S. Supreme Court and two before the U.S. Court of Appeals for the First Circuit on behalf of holders of $3.2 billion of bonds issued by the Puerto Rico Electric Power Authority, as well as in negotiating a landmark restructuring support agreement prior to enactment of the federal Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) restructuring law. She was involved in the firm’s representations of holders of $1 billion in certificates of participation in the Detroit Chapter 9 bankruptcy case and holders of $900 million in secured sewer warrants of Jefferson County in its Chapter 9 bankruptcy case.
Experience
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The Hertz Corporation – Senior Partner on team lead by department Co-Chair Amy Caton in representation of the Official Committee of Unsecured Creditors, obtaining cash payment in full of all unsecured claims on the effective date.
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Puerto Rico Electric Power Authority – Representation of holders of more than $3 billion in bonds issued by PREPA, including a victory before the First Circuit and a landmark restructuring support agreement prior to enactment of the federal Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) restructuring law.
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Puerto Rico – Representation of holders of $10 billion in bonds in Puerto Rico’s Title III proceeding, including successful litigation before the First Circuit and the U.S. Supreme Court challenging the constitutionality of Puerto Rico’s bankruptcy statute.
Credentials
Education
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J.D., New York University School of Law, 2012 - Annual Survey of American Law, Senior Articles Editor and Staff Editor
- New York City Bar Association, Bankruptcy Committee, Student Member
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B.A., Classics, cum laude, Princeton University, 2007
Bar Admissions
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New York, 2013
Court Admissions
- U.S.C.A., 1st Circuit
- U.S.D.C., Eastern District of New York
- U.S.D.C., Southern District of New York
Focus Areas
- Bankruptcy and Restructuring
- Bankruptcy Litigation and Investigations
- Bondholder, Lender and Other Creditor Representations
- Creditor Committee Representations
- Debtor and Company-Side Representations
- Distressed Investing
- Distressed Mergers and Acquisitions
- Health Care
- Municipal and Government Insolvencies
- Municipal and Infrastructure Special Situations
- Special Situations
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*No aspect of this advertisement has been approved by the Supreme Court of New Jersey. A description of the Super Lawyers selection methodology can be found here.