Noted by Lloyd’s List, Bracewell is “the biggest draw at [the maritime] bankruptcy party.” Bracewell’s maritime investment and restructuring practice has a unique blend of experience in U.S. and international insolvency law, maritime finance, regulatory, and corporate law. Our attorneys have been involved in domestic and international restructurings and acquisitions of a broad range of maritime assets, including owners, operators and managers of tankers, bulk carriers, towing and subsea maintenance service providers, and ship builders.
Bracewell "has scored a landmark victory in its Chapter 11 battle [for Omega Navigation Enterprises]…, setting an extraordinary precedent for other foreign shipping companies seeking refuge from unpaid banks through the US bankruptcy courts" – Lloyd's List
Bracewell, representing Marco Polo Seatrade, obtained "a decision with important implications for shipping [that] lays down a precedent on whether international shipping companies … can use the bankruptcy system in today's economy to stave off repossessions and foreclosures" – Lloyd's List
This experience provides our professionals with the ability to approach each situation with a focus on delivering a comprehensive solution that considers both the legal and business objectives of maritime industry participants.