OSG Chapter 11 Named Restructuring Deal of the Year

March 26, 2015

International Financial Law Review has named the Overseas Shipping Group Chapter 11 as the Restructuring of the Year at its IFLR Americas Awards 2015.  OSG’s restructuring was one of 2014’s largest and most complicated successful Chapter 11 cases.  Gibson Dunn represented the 10 largest shareholders of OSG, including BHR Capital, BlueMountain Capital, Cyrus Capital and Paulson and Co., who collectively held approximately 40% of the pre-petition equity.  The team was also shortlisted for Restructuring Team of the Year. The awards were held on March 26, 2015 in New York City.