Experienced Counsel.
Geoffrey T. Raicht PC is a boutique business and restructuring law practice that provides legal counsel to companies, private equity funds, hedge funds, financial institutions, unsecured creditors, as well as parties in cross-border insolvencies.
A restructuring attorney with over 20 years experience with several AmLaw 100 firms, Mr. Raicht focuses on all aspects of restructurings and has represented clients from nearly every perspective. His clients have included Fortune 500 companies, closely held companies, private equity funds and their portfolio companies, hedge funds, boards of directors, post-petition lenders, official creditors committees, secured lenders, asset purchasers, distressed-debt traders, unsecured creditors and governmental agencies.
Mr. Raicht has significant international experience representing debtors in cross-border proceedings and court-appointed liquidators of offshore funds. He has also authored several articles on chapter 15 and China’s bankruptcy laws. The Legal 500 has recognized Mr. Raicht as one of the leading lawyers in his field.
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Areas of Practice
restructuring
With over 20 years of big law experience, Mr. Raicht has been involved in many large, complex in-court and out-of-court restructurings across different business sectors. Examples include Pacific Exploration and Production (energy, cross-border; client: debtor); Federal Mogul (auto parts, cross-border, asbestos; client: debtor); Owens Corning (manufacturing, asbestos; client: debtor); Rotech Healthcare (healthcare; client: debtor); The New Power Company (energy; client: debtor); HM Dunn (aviation; client: borrower); Natural Gas Pipeline Co. (energy; client: borrower); Lisbon Valley Mining Co. (mining; client: borrower); Bank United (financial institutions; client: receiver); Eclipse Aviation (aviation; client: DIP Lender); St. Vincent’s Hospital (healthcare; client: DIP Lender); Caledonian Bank (financial institutions, cross-border; client: Foreign Representative); Reserve International Liquidity Fund (financial institutions, cross-border; client: BVI Liquidator)
Asset SALES
Mr. Raicht has represented buyers and sellers of assets in sales conducted under sections 363 of the Bankruptcy Code providing him with a deep understanding of objectives of both sides of the table and the potential pitfalls. He has also help parties understand the pros and cons of available alternative acquisition strategies.
CORPORATE GOVERNANCE
In times of distress, a board may face extremely difficult decisions that will have great impact shareholders, creditors and employees. These decisions will be subsequently scrutinized and it is critical that the Board properly exercise its fiduciary duties. Throughout his career, Mr. Raicht has advised boards of public companies, portfolio companies of private equity sponsors and closely held companies in times of severe business challenge.
Outside GENERAL COUNSEL
Advising companies in distress often includes working side-by-side with the company’s office of general counsel on a daily basis addressing a myriad of legal issues. Solving problems and drafting contracts in the shadow of a restructuring requires an analysis from a different legal perspective. Building on this experience, Mr. Raicht serves as general outside counsel to businesses that lack familiarity with issues that can be implicated by a bankruptcy and restructuring or simply need additional resources.
CROSS-BORDER INSOLVENCY
Mr. Raicht has had numerous engagements involving insolvencies that span across multiple countries and jurisdictions including the UK, Colombia, Canada, the Cayman Islands, the British Virgin Islands, Bermuda, Sweden, South Korea, Hong Kong and the People’s Republic of China. He has written several articles and lectured on Chapter 15 of the Bankruptcy Code, which is the statutory framework for recognition of foreign insolvency proceedings in the United States. Through his experience, he has developed a global network of local lawyers and insolvency practitioners in foreign jurisdictions to help provide local guidance and counsel.
Distressed Small businesses
While the size of the debt may be smaller when compared to public companies, the issues facing distressed small businesses are no less consequential and, perhaps, significantly more painful for all parties involved. Mr. Raicht has helped small businesses understand their strategic options and execute strategies that having included, when possible, avoiding a wind down of their business. In addition, recent changes to the Bankruptcy Code (Subchapter V) have made the protections of Chapter 11 available to small businesses less expensively and with an opportunity to keep their business. When necessary, Mr. Raicht has developed wind down strategies for small companies that avoid a formal in-court process.