Michael Greenblatt is an Associate in the Bankruptcy & Restructuring Department of Kaye Scholer’s New York office. Michael primarily advises broker-dealers, private funds, asset managers and other financial institutions on legal issues relating to the purchase and sale of illiquid assets in the secondary market, including loans, private securities and bankruptcy claims. Michael has extensive experience with the documentation regimes of the Loan Syndication and Trading Association (LSTA) and the Loan Market Association (LMA).
Michael represents clients in all aspects of auctions for the sale and purchase of trade claims, loan portfolios and credit default swaps. His experience includes assisting clients with the purchase of loan portfolios with multi-jurisdictional borrowers and the diligence and documentation related to the aquistion and sale of special situation credit opportunities.
Michael represents major manufacturers of aircraft and aircraft engines as well as US finance companies in domestic and international finance transactions, cross-border lease transactions and aircraft securitizations. Michael also has experience with the formation of domestic and cross-border investment funds as well as corporate acquisitions.
Michael actively represents nonprofit organizations in establishing and capitalizing microfinance institutions in underserved emerging markets on a pro bono basis.
In connection with $4 billion mortgage backed loan facility, represented a trading desk at one of the lead originators and worked with servicer to create standardized trading documentation and assisted in the settlement of over $3 billion worth of loan trades.
Extensive experience in the bankruptcy claim trading market. Recent notable cases include Lehman Brothers, Madoff, American Airlines and Glitnir banki hf.
Represented client in connection with a portfolio sale of mixed assets in connection with a spin-off of one of its investment divisions.
Represented Brookfield Asset Management in connection with strategic acquisition of General Growth Properties’ bank debt allowing Brookfield, as cornerstone creditor, to lead GGP through a successful restructuring plan.
Counsel for aircraft manufacturer and lease servicer in connection with various aircraft transactions, including lease agreements, lease modifications, and purchase and sale transactions.
Lead counsel for a consortium of investors (Accion, Bamboo Finance, DEG, FMO) in connection with the formation of a microfinance investment vehicle focused on investment into provincial banks located in rural Philippines.
Represented Cantor Fitzgerald, LP in connection with a $50 million strategic investment into El Media Global (subsidiary of the Ellman Group, an Arizona based digital media company).
- Co-author, “New LSTA Par/Near Par Delayed Compensation Regime,” Westlaw Journal Bank & Lender Liability (October 2016).
- Co-author, “Distressed vs. Par Trading: Comparing The Document Regimes,” Law360 (July 2016).
- Co-author, “Distressed Coal — Will The Cycle Ever Turn?” Law360 (March 2016).
- Co-author, “The Price of Oil & the Potential for Master Limited Partnership Restructuring and Insolvencies,” American Bankruptcy Institute (ABI) Journal (June 2015).
- Co-author, “How to Navigate the Distressed ‘BISO,’” Pratt’s Journal of Bankruptcy Law (November/December 2011).
In The Market
- Reuters Interviews Rutenberg and Greenblatt on Energy Industry MLP Trends March 22, 2016 • Media Mentions
- Kaye Scholer Advises ACCION International Pro Bono on Ugandan Microfinance Partnership December 2015 • Client Successes