National and international workouts, chapter 11 reorganizations and liquidations, derivatives transactions and dispute resolution, structured finance and chapter 15/cross-border restructurings.
Member, Mediation Committee of the American Bankruptcy Institute. Member of the mediator registries for the United States Bankruptcy Courts in the Southern District of New York, Eastern District of New York and District of Delaware. Certificate of Completion from the American Bankruptcy Institute/St. John's University Bankruptcy Mediation Program.
Mr. Reid is a partner in the restructuring and insolvency practice at the New York office of McLaughlin & Stern. He concentrates his practice in workouts, financial restructurings, chapter 11 reorganizations, Securities Investor Protection Act proceedings, derivatives transactions and dispute resolution, structured finance and cross-border insolvency. Mr. Reid provides advice on potential creditors’ rights/bankruptcy implications of corporate, derivatives, securitization and structured finance transactions, and counsels companies experiencing financial difficulty with respect to restructuring and bankruptcy strategies. He advises clients concerning a wide range of creditors’ rights/bankruptcy issues including those relating to distressed acquisitions, executory contracts, debtor in possession financing, cash collateral, real estate, equipment financing, claims trading and chapter 15. A significant portion of his practice has involved financially distressed companies in diverse commercial businesses, including those involved in retail, health care, manufacturing, insurance, the securities industry, real estate, energy and telecommunications. He also prosecutes and defends avoidance litigation. Mr. Reid has testified as an expert witness in the Cayman Islands on section 304 ancillary proceedings involving insurance companies.
Representative Clients, Cases or Matters
Mr. Reid has represented secured and unsecured bank, non-bank financial institutions, hedge funds, trade, bondholder, insurance company and other institutional creditors, creditors’ committees, indenture trustees, chapter 11 debtors, trustees, purchasers of stock and assets of distressed companies, landlords, tenants, SIPC trustees, securities broker/dealers and customers, and other parties in interest in business bankruptcy cases and out of court restructurings throughout the country and internationally. They include: Air Canada, Allegiance Telecom, Inc., Ames, Atlantic Computer Systems, Arcapita, AT&T Canada, Barneys, Inc., Beloit Corporation, Bower & Gardner, Broadway Trading, Cable & Wireless USA, Cenargo, CIS Corporation, Coastal Care Resources, Colorado Ute, Continental Airlines, Contour Energy, Crown Paper, Degussa, Doman Industries, Earth Waste Systems, Eastwind Airlines, Enron, Envirodyne Industries, Essar Steel, Fedeoliva, Finley Kumble, Formica Corporation, Gaston & Snow, General Motors et al, Genesis Health Ventures, Genuity, Inc., Gottschalks, Growth Development Corporation, Grupo Iusacell, Gruppo Antico, Heartland Securities, Inversora Electrica de Buenos Aires (IEBA), Kellogg, Brown & Root, Kevco, Inc., Impsat Corporation, Kingsboro Medical Group, Lehman Brothers Holdings, Linn Energy, Madoff, MarketXT Holdings, McCrory Parent Corporation, Metromedia Fiber Network, MF Global, MRU Holdings, New Valley Corporation, NVF, Olympia & York, One Times Square Associates, Pan American Airlines, Parc Vendome, PGW, Phar-Mor Industries, PSINet Consulting Solutions, Province of Mendoza, Quebecor World, Quiksilver, Inc., Refco, Royal Silk, RSL Communications, Sancor Cooperativas Unidas Ltda., Satélites Mexicanos, S.A. de C.V., Sears, SK Global America, Seven Seas Petroleum, Stelco, Sudamtex de Venezuela, Takata, TH Agriculture & Nutrition, United Airlines, United Healthcare, UPC Polska, Vanguarde Media, Versatel Telecom, WebLink Wireless and WorldCom. Mr. Reid also has appeared in a number of section 304 ancillary proceedings involving insolvent insurance companies domiciled outside the United States and has commenced ancillary insolvency proceedings in U.S. Bankruptcy Court for the foreign representatives of Ashapura Minechem Ltd., Carolina Re Insurance, Scan Re Insurance and Taisai Fire and Marine Insurance.
Mr. Reid is a member of the American Bankruptcy Institute, INSOL, the New York State Bar Association and a steering committee member of the Barry Zaretsky Bankruptcy Roundtable at Brooklyn Law School. He is a former member of Committee on Bankruptcy and Corporate Reorganizations and former Chair of its Derivatives Subcommittee, a former member of the Futures and Derivatives Committee of the New York City Bar Association, the former Chair of the Structured Finance Committee of the New York City Bar Association, former Chair of its Litigation and Restructuring Subcommittee and a member of its Opinions, Derivatives and Restructuring Subcommittees. Mr. Reid is a recipient of the American Bankruptcy Institute/St. John's University Bankruptcy Mediation Program Certificate of Completion.
Education & Bar Admittance
Mr. Reid earned his B.A. from C.C.N.Y., his M.P.A. from New York University and his J.D., cum laude, from Brooklyn Law School. He is admitted to practice in the State of New York, the U.S. District Court, Eastern District of New York; the U.S. District Court, Southern District of New York, and has appeared in bankruptcy courts, pro hac vice, throughout the country.