The International Who's Who of Business Lawyers has recognized Weil as the Insolvency & Restructuring Law Firm of the Year 2013. This is the sixth consecutive year that Weil’s Business Finance & Restructuring Department has received this award. According to the publication, Weil’s “impressive global footprint, coupled with the ‘exceptional talent’ of its lawyers confirms the firm’s status as a leader in its field.”
The awards are based on a number of factors, including research, general feedback, and past performance. The International Who's Who of Business Lawyers covers more than 100 countries and names only the leading lawyers in each field, based exclusively on the findings of an independent six-month research process that encompasses feedback from private practitioners, clients, and other experts in the sector.
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A Weil team advised Morgan Stanley on a senior unsecured 364-day high-grade bridge facility in connection with the $2.65 billion acquisition of Longview Timber LLC, a U.S.-based forestry company, by Weyerhaeuser Co., a U.S. real estate trust that is one of the largest producers of wood and cellulose fibers, from Brookfield Asset Management Inc. The bridge facility and the acquisition were announced on June 17, 2013, and the acquisition is expected to close in July.
Weyerhaeuser, one of the world’s largest private owners of timberlands, controls and manages more than 20 million acres in North America. Longview Timber owns and manages approximately 650,000 acres of prime, freehold timberlands in Washington and Oregon, representing one of the most valuable freehold timberland portfolios in the region. The transaction is the third largest forest acquisition in North America and will increase Weyerhaeuser’s acreage in the U.S. to about 6.6 million.
The Weil team advising Morgan Stanley included Banking & Finance partner Morgan Bale, Capital Markets partner Jennifer Bensch, M&A partner Ray Gietz, Banking & Finance partner Danek Freeman, Environmental partner Annemargaret Connolly (Washington, DC), Tax partner Larry Horton, Banking & Finance associate Brandon Cherry, Capital Markets associates Rob Beard (Silicon Valley) and Ryan Kirk, Environmental associate Tom Goslin (Washington, DC), and Regulatory associate Erin Yates (Washington, DC) (all in New York unless otherwise specified).
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Turnarounds & Workouts magazine has named ten Weil tax partners among the leading Bankruptcy Tax specialists in the nation's major law firms. The Weil partners included on the publication’s 2013 list are Robert Frastai, Larry Gelbfish, Stuart Goldring, Mark Hoenig, William Horton, Martin Pollack, Stanley Ramsay, Jared Rusman, Marc Silberberg and Scott Sontag. All ten partners were also included on the publication’s 2012 list of Bankruptcy Tax specialists.
The group's work in the following bankruptcies was cited as evidence of their leadership in this field: AES Eastern Energy, AMR Corp., FGIC, DirectBuy, Homer City Funding, K-V Pharmaceutical, LightSquared, Lehman Brothers Holding, LodgeNet Interactive, Mashantucket (Western) Pequot Tribe, Reader’s Digest Assoc., Southern Air, and WaMu Liquidating Trust.