LAWYER
Craig P. Druehl
Partner | New York
Craig P. Druehl

Craig P. Druehl's practice focuses on representing ad hoc groups and official committees of creditors, as well as distressed investors, lenders and other creditors in out-of-court restructurings and Chapter 11 and 15 cases. He also has substantial experience representing acquirers of assets in Chapter 11 cases, companies in out-of-court restructurings and Chapter 11 cases and parties to bankruptcy litigation. Mr. Druehl is recognized in New York and nationally as a highly regarded lawyer for restructuring and insolvency, pharmaceuticals and life sciences, aviation and gaming by IFLR1000. He has been recognized for corporate restructuring (including bankruptcy) by The Legal 500 (US), which has described him as “practical and thorough.” Mr. Druehl has also been named one of Lawdragon’s 500 Leading Bankruptcy & Restructuring Lawyers.

In addition to his restructuring work, Mr. Druehl maintains an active pro bono practice. In 2023, he was honored by the New York State Unified Court System's Office for Justice Initiatives for his significant contributions to the New York City Family Court Volunteer Program over the past 12 years. 

  • The Official Committee of Unsecured Creditors, the fiduciary appointed to protect the interests of LATAM Airlines’ unsecured creditors, in connection with a Chapter 11 case.
  • Citadel in connection with the out-of-court restructuring of Colombian airline Avianca Holdings and with Avianca’s subsequent Chapter 11 cases.
  • The Ad Hoc Group of Lenders of a large health care company in structuring, negotiating and implementing an out-of-court restructuring of approximately US$600 million in term loans.
  • Major bondholders in the cross-border restructuring of OAS, S.A., a Brazilian construction company.
  • The international bondholder committee in connection with the restructuring of Oi S.A. and its subsidiaries, the largest telecommunications company in Brazil.
  • The ad hoc group of noteholders in connection with the cross-border restructuring of defaulted senior notes issued by Vitro S.A.B. de C.V., a Mexican glass manufacturer. Dechert was lead U.S. counsel to the noteholders in connection with Vitro’s concurso proceeding in Mexico, Chapter 15 cases in Dallas, Texas, and litigation in New York Supreme Court.
  • The agent for the second lien lenders in the Chapter 11 case of Boston Generating LLC.
  • Noteholders in the Chapter 11 case of Station Casinos Inc.
  • Senior secured noteholders in the out of court financial restructuring of Cleveland Unlimited.
  • Noteholders and the successful plan proponents in the Chapter 11 case of Greektown Casino.
  • Noteholders in the prepackaged Chapter 11 case of Simmons Bedding.
  • The ad hoc committee of noteholders in the prepackaged Chapter 11 case of CIT Group Funding.
  • The official committee of unsecured creditors in the Chapter 11 case of Constar International.
  • The agent for the second lien lenders in the Chapter 11 case of Motor Coach Industries.
  • Noteholders in out-of-court restructuring of ExpressJet.
  • Successful plan proponent in Chapter 11 case of Scotia Pacific and Pacific Lumber.
  • Certain noteholders in Chapter 11 case of Delphi Corporation.
  • The ad hoc committee of claims holders in the Chapter 11 case of Saint Vincents Catholic Medical Centers of New York.
  • The ad hoc committee of claims holders in the Chapter 11 case of Northwest Airlines Corporation.
  • The ad hoc committee of senior secured convertible noteholders in the Chapter 11 case of Silicon Graphics.
  • A biopharmaceutical company in an out of court restructuring of its convertible subordinated debentures.
Services
    • Boston University School of Law, J.D., 1998, cum laude, Edward F. Hennessey Distinguished Scholar, Case & Note Editor of the American Journal of Law & Medicine
      Judicial Intern, Honorable James F. Queenan of U.S. Bankruptcy Court for the District of Massachusetts
    • Middlebury College, B.A., 1994, cum laude
    • New York
    • United States Court of Appeals for the Second Circuit
    • United States Court of Appeals for the Third Circuit
    • United States District Court for the Southern District of New York
    • United States District Court for the Eastern District of New York
    • United States District Court for the Eastern District of Michigan
    • American Bankruptcy Institute
    • American Bar Association
    • Association of the Bar of the City of New York

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