Martin Bienenstock

Martin Bienenstock is recognized as one of the leading restructuring attorneys in the nation. The National Law Journal listed Martin as one of the "100 Most Influential Lawyers in America." He was elected to the American College of Bankruptcy and the American College of Commercial Finance. Chambers ranks him in Band One. Martin teaches Corporate Reorganization at Harvard Law School and University of Michigan Law School. In a highly competitive process, Martin was chosen to represent the Financial Oversight and Management Board for Puerto Rico. He has led the representation successfully for seven years and continues to do so. He has won 95% of approximately 150 litigations. Debtors, Creditors, Investors, and Directors. Martin’s accomplishments explain his reputation. In the Texaco chapter 11 case he formulated the legal theory convincing Pennzoil to accept $3 billion in exchange for its $11 billion judgment against Texaco. GM and Chrysler Financial trusted Martin to represent them both and to formulate a strategy to save GM and Chrysler, which he presented to President Obama’s US Auto Task Force. It adopted Martin’s strategy and he caused it to be successfully implemented. In the Owens Corning chapter 11 case, Martin won a landmark appellate decision converting his hedge fund and bank clients’ return from approximately $450 million into $2.25 billion. Amidst the chaos at Enron, Martin engineered a strategy to save its many businesses and formulated a chapter 11 plan that ultimately paid most creditors in full or nearly in full. He charted the takeover of Finova for a joint venture of Berkshire Hathaway and Leucadia., and led the successful restructurings of Capmark, Ambac, and NewPage. Martin led the representation of the Caesars Entertainment creditors’ committee and converted a 5 cent offer into a 66 cent return. Martin procured full payment for constituents of the Westinghouse creditors’ committee. Martin also developed the multi-jurisdictional Colombian-U.S.-Canadian reorganization plan for Pacific Exploration, supported by its bank and bond creditors. Martin drafted Ireland’s restructuring statute. Practice based on Scholarship and Client Service. Martin’s achievements and retentions stem from his conducting a multidisciplinary practice drawing on his combined experience in restructuring, corporate governance, reorganization, prospect theory, game theory, litigation, appellate practice, Dodd-Frank and Sarbanes-Oxley. Early on Martin learned legal practice is customer service. To that end Martin is available by cell 24/7.