Maritime and Admiralty

Winston & Strawn regularly assists clients in business restructurings, including significant Chapter 11 cases.  We have considerable experience handling vessel loan workouts, and representing lenders and creditors in insolvency situations.

For example, we have:

• Represented a large multinational bank in its workout of loans with a Greek liner company involving supervision of numerous overseas actions, including the public auction of four vessels in Greece and the takeover of other vessels
• Represented the U.S. branch of a foreign bank in connection with its vessel loan portfolio, including supervising the operation of a 25-vessel fleet in a loan workout
• Represented the only two purchasers of defaulted U.S. government Title XI indebtedness in workout situations that resulted in the acquisition and control of two maritime companies