Elizabeth R. McColm

Partner
Paul, Weiss, Rifkind, Wharton & Garrison LLP

A partner in the Bankruptcy and Corporate Reorganization Department, Elizabeth McColm specializes in the areas of corporate restructurings and bankruptcy. She has been involved in major restructurings and bankruptcies representing debtors, creditors and acquirers of assets.

Her recent engagements include (i) Noranda Aluminum Holding Corp. and its wholly owned subsidiaries in all aspects of their chapter 11 cases, (ii) the ad hoc committee of holdco noteholders in the chapter 11 cases of Ultra Petroleum Corp. and its affiliated debtors, (iii) the Official Committee of Unsecured Creditors of Quicksilver Resources Inc., (iv) an ad hoc group of senior secured creditors of Oro Negro and its subsidiaries, (v) an ad hoc committee of lenders of Eitzen Chemical in connection with an out-of-court restructuring, (vi) Oaktree Capital Management, L.P. in the Excel Maritime Carriers and TMT Procurement Corporation chapter 11 cases, (vii) agents for two lending syndicates in the Genco Shipping and Trading Limited chapter 11 case, (viii) an ad hoc group of secured lenders in a cross-border restructuring of Ceva Group PLC and (ix) the senior secured lenders to Australian-based Nine Entertainment Group in a restructuring by means of a scheme of arrangement.

Elizabeth’s other official and unofficial committee representations include Tronox, Quebecor, Calpine, Simmons Bedding, Stallion Oilfield Services, Pegasus Communications and Navigator Gas. She also has represented bondholder groups in out-of-court restructurings and exchanges, including GMAC. Her other recent debtor/company engagements include Boart Longyear Limited, School Specialty, Inc. and Houghton Mifflin Harcourt Publishing Company.

The Legal 500 recognized that Elizabeth “has an art for handling difficult personalities to reach consensus;” and IFLR1000 recognized her as a “Leading Lawyer” in restructuring and insolvency. Elizabeth also co-authored, with fellow Paul, Weiss partner Alan Kornberg, a chapter in the International Comparative Legal Guide (ICLG) To Corporate Recovery and Insolvency 2016.