For more than 20 years, Paul Jasper has represented clients in transactional, bankruptcy, corporate restructuring, and complex litigation matters. He draws on his experience with defaulted corporate trust transactions to advise corporate trustees and other deal parties such as monoline insurers, portfolio managers, and bondholders, on defaulted corporate bonds, structured finance, asset-backed, and other complex financings. These include post-default servicing, enforcement of remedies, and out-of-court restructurings, as well as related risk mitigation and litigation strategies.
Paul advises major financial institutions in their capacity as indenture trustee or agent in connection with bond and loan facility defaults. He has counseled financial institutions acting as indenture trustees or agents in complex restructuring and liquidation scenarios with respect to:
- Exercising their post-default rights and obligations under debt indentures and loan agreements and under governing federal or state law, and in cross-border insolvency proceedings
- Assessing, negotiating, and protecting noteholder interests in connection with issuer reorganizations, restructurings, debtor-in-possession (DIP) financings, and asset sales
Paul has advised clients on all aspects of collateralized debt obligation (CDO), collateralized loan obligation (CLO), collateralized bond obligation (CBO), and other structured finance-related workouts. His experience includes issues related to termination of synthetic securities and swap agreements, amendments, liquidation of collateral, direct and synthetic commutations, control rights, distribution waterfalls, and related disputes.
In addition, Paul represents debtors, creditor committees, secured and unsecured creditors, and asset purchasers in nationwide bankruptcy cases and out-of-court workouts and restructurings. He also advises creditors, assignees for the benefit of creditors, trustees, receivers, and asset purchasers in receiverships, assignments for benefit of creditors, and other state insolvency matters.
Paul also represents a wide range of clients in risk mitigation and related commercial litigation, including banks, insurance companies, and other financial institutions; venture capital and real estate investment funds; private and public companies; and airports and other governmental entities. He has advised clients on issues including fraud, breach of fiduciary duty, negligence, breach of contract, and business tort claims.