Jim Bromley is a partner based in the New York office and a leader of the firm’s global bankruptcy and restructuring practice. His practice is focused on insolvency, restructuring and acquisition advice to debtors, creditors and strategic investors as well as related litigation. In addition to a broad domestic resume, Mr. Bromley has substantial experience in international matters involving difficult cross-border issues as well as particular expertise in distressed mergers and acquisitions. Over the course of his career, he has been involved with many industries, including automotive, telecommunications, financial services, financial products, manufacturing, energy, mining, aviation and retail, among others.
Recognized by
Chambers USA for five years in a row (2005 – 2009) and
Legal 500 US (2009) as one of the nation’s top bankruptcy and restructuring lawyers, Mr. Bromley is described as someone who “appreciates complex legal issues, but does not get bogged down with them” and possesses both “excellent legal skills” and “excellent business acumen.”
Mr. Bromley has had material roles in many of the largest insolvency matters in recent years. His major current assignments include leading the firm’s representation of Nortel Networks, Inc. and affiliates in their chapter 11 proceedings and coordinating these cases with companion insolvency proceedings in Canada and Europe. The Nortel matter involves material asset sales, including the sale of Nortel’s CDMA business to Ericsson through a highly successful auction chaired by Mr. Bromley. He is also handling the firm’s representation of the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) in the bankruptcy proceedings of Chrysler and General Motors, including the landmark section 363 sales consummated in both cases and associated litigation. Mr. Bromley is lead debtors’ counsel in the chapter 11 proceeding of Apex Silver Mines Limited, which consummated a plan of reorganization just 38 days after filing. Mr. Bromley also led the bankruptcy team representing Hellman & Friedman in its joint stalking horse bid for Neuberger Berman and the investment management division of Lehman Brothers and earlier represented key U.S. government actors in connection with Lehman Brothers’ entry into bankruptcy.
Among Mr. Bromley’s most important past representations were serving as chapter 11 debtors’ counsel to Covanta Energy, counsel to Goldman Sachs in its acquisition of subprime loan servicer Litton Loan Servicing and the related out of court work-out of Litton’s former parent C-BASS, international coordinating counsel to the Daewoo and SK Global groups of companies in two of the largest international restructurings ever attempted, counsel to the Savings Bank of the Russian Federation in the failure of Refco and counsel to the official committee of unsecured creditors of Livent Inc. In addition, Mr. Bromley represented substantial clients in connection with Enron, Calpine, Delta Air Lines, Northwest Airlines, UAL, Delphi Automotive, Dana Corporation, Global Crossing, Foamex International, Loews Cineplex Odeon, and Gate Gourmet, among others.
Mr. Bromley regularly writes and speaks on restructuring matters. He is a member of INSOL International, and one of its representatives on the Insolvency Law Working Group of UNCITRAL, the United Nations Commission on International Trade Law. Mr. Bromley has been an instructor for INSOL, the American Bankruptcy Institute, the Loan Syndications Trading Association, the Securities Industry and Financial Markets Association, the Practising Law Institute, the Association of the Bar of the City of New York and the New York University School of Law Continuing Legal Education. In addition, Mr. Bromley was honored in 2009 as a “Dealmaker of the Week” and as a “Dealmaker in the Spotlight” by
The American Lawyer, and in 2003 as one of the “40 under 40” leading insolvency advisors by
Global Insolvency and Restructuring Review. He is also a recognized leader in the intersection of the bankruptcy laws and net operating loss tax attributes.
Mr. Bromley received a J.D. degree from the Columbia University School of Law in 1989, where he was an editor of the
Columbia Law Review. He received his undergraduate degree,
summa cum laude and Phi Beta Kappa, from Boston College in 1986.
Mr. Bromley is a member of the Bar of New York and numerous Federal Courts.