Albena Petrakov

Principal

Representative Matters

  • Representation of the bankruptcy trustees of an electric bike company, securing Chapter 15 recognition of a Dutch insolvency proceeding.
  • Representation of the petitioning creditors in an involuntary chapter 7 case against a national residential mortgage lender.
  • Representations of a life science company in the acquisition of assets of a biotech company under Section 363 of the Bankruptcy Code.
  • Represented banks and mortgage lenders in multimillion dollar indemnification proceedings brought by the Plan Administrator for Lehman Brothers Holdings, Inc in connection with alleged losses from RMBS. securitizations and sales of loans to Fannie Mae and Freddie Mac.
  • Advising clients on bankruptcy safe harbor and substantive non-consolidation opinions in connection with structured finance transactions.
  • Represented creditors in the chapter 11 proceedings of Dewey & LeBeouf, Hawker Beechcraft, LightSquared, Inc., Westinghouse Electric Company, Sunedison Inc., Pacific Drilling Inc. Destination Maternity.
  • Represented secured creditors in SARE reorganizations, asset buyers and other stakeholders in 363 sales, trade creditors in negotiating critical vendor agreements.
  • Successfully negotiated resolution of an $18 million dollars fraudulent conveyance claim against a foreign investor.
  • Successfully resolved a claim under the New York Freelance Isn’t Free Act against a start-up venture and its officers.
  • Represent the SIPC trustee of Lehman Brothers Inc. Inc. in preference and fraudulent conveyance litigation against a major bank and contested matters involving setoff under ISDA swap agreements.
  • Biography
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Firm Highlights