Overview

Adam Paul is a partner in the restructuring practice group. Adam represents both debtor and creditor clients in complex Chapter 11 reorganizations; advises purchasers and sellers in myriad bankruptcy transactions and acquisitions; counsels boards of directors and senior officers regarding fiduciary duties and restructuring strategies; and advises financially troubled companies regarding the structure of various commercial transactions outside of bankruptcy.

Most recently, the 2018 The Legal 500 described Adam as “extraordinarily creative and a fierce litigator,” and in 2016, Adam was one of three nominees for Bankruptcy Litigator of the Year. Adam has been included in Chambers USA, America's Leading Lawyers for Business and The Legal 500, which also described Adam as “super smart and very effective" with “great intelligence and capability,” and as a lawyer that "applies experience in a practical manner.” Adam’s work has been selected twice by The American Lawyer as Global Finance Deal of the Year: Restructuring and Insolvency. In 2017, his restructuring of Edcon Holdings Limited won in the Africa category, and, in 2014, his restructuring of hibu Group won in the UK category. In March 2012, Adam was selected by Law360 as one of its annual “Rising Stars,” a list of five restructuring lawyers nationwide to watch under the age of 40. Adam was lead counsel to Flying J Inc. in its Chapter 11 case. The Flying J bankruptcy case was recognized as “Turnaround of the Year” and “Divestiture of the Year” at the 2011 Turnaround Awards presented by the M&A Advisor. In addition, Adam's role as lead counsel to SIRVA Inc. was mentioned by Turnaround & Workouts when selecting SIRVA as one of the most successful restructurings of 2008.

In addition to his general restructuring work, Adam has significant experience in bankruptcies involving mass tort and legacy liabilities and has appeared in the Wall Street Journal. Adam has been involved in some of the largest asbestos bankruptcy cases in the nation, including serving as debtor's counsel to W. R. Grace & Co., Kellogg Brown & Root, Inc. and other subsidiaries of Halliburton Company. Adam also served as counsel to ABB Holdings Inc. in the Chapter 11 proceedings of its subsidiaries, Combustion Engineering, Inc., and ABB Lummus Global Inc. Adam's work on behalf of Lummus was quoted by Dow Jones. Notably, the Lummus prepackaged bankruptcy case was confirmed 60 days after filing - making it one of the shortest mass tort bankruptcies in history. Adam also served as the co-chair of the American Bankruptcy Institute's Mass Torts subcommittee, and he has written myriad articles and spoken numerous times on mass tort bankruptcies.

Finally, outside of his general restructuring work, Adam has litigated cases in trial and appellate courts throughout the country. In Adam's litigation practice, he has served as primary counsel in cases involving issues related to labor and employment law, mortgage banking and secured finance, fraud, complex securities transactions, and general contract law.

More

Thought Leadership

Publications 

“Leveraging Litigation to Drive a Deal and Establishing § 524(g) Trusts,” American Bankruptcy Institute Journal, November 2014 (Co-author).

"Almatis Restructuring," European Debt Restructuring Handbook (Co-Author).

"Structuring Venture Capital, Private Equity and Entrepreneurial Transactions," Jack S. Levin, (updated annually) (co-author Restructuring Issues).

"Mergers, Acquisitions, and Buyouts" Martin D. Ginsburg and Jack S. Levin, (updated semi-annually) (co-author, Fraudulent Conveyances and Restructuring Issues).

"Thorpe: The Ninth Circuit Weighs in on Discharge of Asbestos Liability in Bankruptcy," ABI Young and New Members Committee Newsletter, June 2012 (Co-Author).

"Thorpe: The Ninth Circuit Weighs in on Discharge of Asbestos Liability in Bankruptcy," Kirkland Alert, February 2012 (Co-Author).

"Resolving Mass Tort Liability Through Bankruptcy," 37th Southeastern Bankruptcy Law Institute, April 2011 (Co-Author).

"Post-Twombly-Iqbal - How Bankruptcy Courts Apply the New Pleading Standard to Preference Actions and Other Trustee Causes of Action," 37th Southeastern Bankruptcy Law Institute, April 2011 (Co-Author).

Third Circuit Overrules Long-Criticized Frenville Decision; Redefines When "Claim" Accrues for Future Claimants, Pratt's Journal of Bankruptcy Law, July/August 2010 (Co-Author).

"Collective Bargaining Agreements (Code § 1113)," Norton Bankruptcy Law And Practice 2d (Chapter 83), Vol. 4, 2004 (Co-Author).

Asset Protection in Virginia, Lorman Education Services, September 1999.

Seminars

“Offshore Spotlight - Latest Developments in Law and Finance in the Offshore Jurisdictions”, American Bankruptcy Institute, 13th International Insolvency & Restructuring Symposium, October 19-20, 2017, West Dublin, Ireland.

"Direct Appeals from Bankruptcy Courts to Circuit Courts: How, When and Why (or Why Not)," American Bar Association Webinar, June 20, 2013.

"Resolving Mass Tort Liability Through Bankruptcy," 37th Southeastern Bankruptcy Law Institute Annual Conference, April 14-16, 2011, Atlanta, GA.

"Post-Twombly-Iqbal - How Bankruptcy Courts Apply the New Pleading Standard to Preference Actions and Other Trustee Causes of Action," 37th Southeastern Bankruptcy Law Institute Annual Conference, April 14-16, 2011.

"Standing and Jurisdiction in Mass Tort Cases," ABI Annual Spring Meeting, April 4, 2008, Washington, D.C.

"The Bankruptcy Code & Section 524(g) - What is Currently Allowed," Mealey's Asbestos Bankruptcy Conference, June 7, 2007, Chicago, IL.

"Mass Tort Bankruptcy Case Update," American Bankruptcy Institute 25th Annual Spring Meeting, April 14, 2007, Washington, D.C.

"Impact of Future Demands upon Fraudulent Conveyance Analysis," American Bankruptcy Institute, Winter Leadership Conference, November 30 - December 2, 2006, Scottsdale, AZ.

"Bolt-On Bankruptcy Cases: Enjoining the Liability," Mealey's Asbestos Bankruptcy Conference, June 8, 2006, Chicago, IL.

"Mass Tort Bankruptcy Update: Special Counsel Engagements & Recent Developments," American Bankruptcy Institute, 24th Annual Spring Meeting, April 22, 2006, Washington, D.C.

"Mass Tort Bankruptcy Case Update," American Bankruptcy Institute Winter Leadership Conference, December 1-2, 2005, Palm Springs, CA.

"Bankruptcy Court Updates," ALI/ABA Conference- Asbestos Litigation in the 21st Century, Thursday, October 6, 2005, Chicago, IL.

"Bringing a Prearranged Plan Together: Can We Agree to Agree," American Bankruptcy Institute, 23rd Annual Spring Meeting, April 30, 2005, Washington, D.C.

"Alternative Networking Techniques," The Catholic University of America, Columbus School of Law (2004).

"Formation and Alteration of Creditors' Committees" presented on February 18, 2004 for the Walter B. Chandler American Inn of Court.

"Violations of the Discharge Injunction in Bankruptcy" presented on March 20, 2002 for the Walter B. Chandler American Inn of Court.

"The State Court Solution to Sovereign Immunity in Bankruptcy" presented on March 15, 2000 for the Walter B. Chandler American Inn of Court.

"Asset Protection in Virginia" presented on September 15, 1999 as a CLE course held by Lorman Education Services.

"Exceptions & Waiver of State Sovereign Immunity" presented on March 24, 1999 for the Walter B. Chandler American Inn of Court.

Recognition

Recognized in IFLR1000 as a “Rising Star.”

Nominated as 2016 Bankruptcy Lawyer of the Year by the Benchmark Litigation Awards.

Adam’s work has been selected twice by The American Lawyer as Global Finance Deal of the Year: Restructuring and Insolvency. In 2017, his restructuring of Edcon Holdings Limited won in the Africa category, and, in 2014, his restructuring of hibu Group won in the UK category.

Recognized in The Legal 500 and Chambers USA, America's Leading Lawyers for Business.

Quoted by the Wall Street Journal.

Former editorial board member for the National Association of Bankruptcy Trustees' quarterly publication "NABTalk."

In March 2012, Adam was selected by Law360 as one of its annual "Rising Stars," a list of five restructuring lawyers nationwide to watch under the age of 40.

Adam was lead bankruptcy counsel to Flying J Inc., which was recognized as "Turnaround of the Year" and "Divestiture of the Year" at the 2011 Turnaround Awards presented by the M&A Advisor.

Adam was recognized as lead counsel for SIRVA Inc. in the January 2009 issue of Turnarounds & Workouts. SIRVA Inc. was recognized as one of the "Successful Restructurings" of 2008 by the publication.

Memberships & Affiliations

Former co-chair, ABI Mass Tort Committee

American Bankruptcy Institute

INSOL International

Turnaround Management Association

Credentials

Admissions & Qualifications

  • 2005, Illinois
  • 1999, District of Columbia
  • 1998, Maryland (inactive)
  • 1997, Virginia (inactive)

Education

  • The Catholic University of America, Columbus School of LawJ.D.cum laude1997

    Member, Law Review

    National Moot Court Team

  • James Madison UniversityB.A.cum laude 1994