Steptoe LLP has expanded its Transactions & Tax practice with the addition of partner Tim Walsh, who joins the firm in New York, and will co-lead the Insolvency & Restructuring practice along with partner Jeffrey Reisner.
"Tim's excellent track record representing clients in their most complex restructuring and insolvency matters, and his experience in bankruptcy litigation and distressed debt, make him a great addition to Steptoe's Transactions & Tax practice," said Steptoe chair Gwen Renigar. "Having him co-lead the practice with Jeffrey Reisner allows Steptoe to continue to grow and serve the critical needs of our clients."
Tim has more than 30 years of bankruptcy experience and advises clients on all aspects of restructuring transactions. He has represented debtors in possession, creditors’ committees, trustees, secured and unsecured creditors, bondholders, insurance companies, US and non-US lenders, and corporate clients in a broad range of bankruptcy and commercial real estate matters. An experienced bankruptcy litigator, Tim performs detailed investigations into insider transactions, fraudulent conveyances, and preference transactions. He also regularly advises boards of directors on restructuring issues, and represents parties in out-of-court workouts and purchases of distressed debt and distressed assets.
"I am delighted to start the next chapter of my career at Steptoe," Tim said. "The collaborative culture and dynamic Transactions & Tax team, and the firm's sophisticated client base, is what attracted me to Steptoe. I’m looking forward to working alongside the team, leading the effort with my former colleague Jeff Reisner, and enhancing the firm’s offering to clients looking for creative legal solutions to their complex business challenges."
Over the past two years, Steptoe's Transactions & Tax practice has handled a number of significant matters, often at the boundary areas of business, government and litigation proceedings. This includes upholding on appeal a judgment in favor of the bankruptcy estate of Houston oil and gas company Black Elk Energy Offshore Operations; and advising clients on policy and business issues in front of Congress and the Treasury Department, centered around the Inflation Reduction Act (IRA). The team is actively representing clients in several noteworthy bankruptcy cases including Davey Tree vegetation management in connection with a PG&E dispute; Iberdrola in connection with the Salem Harbor Power Development matter; and representing Banco Santander in the GOL Airline case.