LAWYER
Isaac D. Stevens
Associate | New York
Isaac D. Stevens

Isaac D. Stevens, a dual-qualified attorney, focuses his practice on financial restructuring matters. Mr. Stevens has significant experience representing secured and unsecured creditors, as well as foreign and U.S. companies in a wide range of bankruptcy matters. He regularly represents clients from Latin America, including banks, private funds and financial institutions, in Chapter 11 cases, international bankruptcy litigation and cross-border transactions under distressed situations.

Mr. Stevens has been recognized by multiple international and Chilean publications for his role in bankruptcy and restructuring cases in Chile and Latin America, including The Legal 500 Latin America, Chambers Latin America, Best Lawyers and Top Ranked Legal, among others. He was recently honored as a Rising Star in the Latin America: International Firms / Banking & Finance category by The Legal 500 Latin America (2024).

Prior to joining Dechert, Mr. Stevens was an associate in the Delaware office of an international law firm. Previously, he was also an associate in Chile’s largest law firm as a member of its insolvency and dispute resolution team.

Key Matters

  • The Ad Hoc Group of WOM Bondholders in connection with the Chapter 11 cases of WOM S.A. and its affiliates, the second-largest mobile network operator in Chile.
  • A Second Lien Lender Group to EyeCare Partners LLC, the nation’s leading provider of clinically integrated eye care, in connection with liability management exercises that closed in May 2024, by which Eyecare obtained US$275 million of new senior first lien debt and restructured approximately US$2 billion of secured debt (comprised of RCF, First Lien and Second Lien term loans). 
  • An Ad Hoc Group of Holders of Revenue Bonds issued by Puerto Rico Electric Power Authority (“PREPA”), a public electric utility company in Puerto Rico, in connection with PREPA’s Title III restructuring and related litigation under PROMESA. The Ad Hoc Group, holding approximately US$2.3 billion in uninsured Revenue Bonds, engaged Dechert to challenge on appeal to the First Circuit two adverse District Court’s decisions which substantially impaired the lien rights of the PREPA bondholders, and to oppose confirmation of the multi-billion Plan of Adjustment proposed by the Oversight Board, which seeks to drastically reduce the distributable value to the PREPA bondholders.
  • The Official Committee of Unsecured Creditors in the Chapter 11 cases of Tritek International Inc. and its affiliated debtors.
  • The Ad Hoc Group of First Lien Lender of Lyons Magnus, a global foodservice and ingredient company, in connection with an out of court restructuring of over US$400 million in financial obligations and equity infusion by its equity sponsor.
  • A majority bondholder in connection with the Chapter 15 case of Tristan Oil Ltd.
  • Hidili Industry International Development Limited, a company engaged in coal mine production, mining operations, and mine development in China, in connection with Chapter 15 recognition and enforcement of its Hong Kong scheme of arrangement in New York.
  • Two Latin American banks as secured creditors in the Corp Group banking Chapter 11 case in Delaware.
  • A Latin American private fund on the enforcement of parent guarantees in New York.
  • The debtor’s financial sponsor in the Stream TV chapter 11 case in Delaware.
  • A U.S. tech company in an involuntary Chapter 7 case filed against Stream TV in Delaware.
  • A U.S. food company in the Chapter 11 case filed by Kings Food Market in New York.
  • A Chilean state-owned mining company in the restructuring of an Italian construction company in Chile and Italy.
  • The Chilean government in the restructuring proceedings and out-of-court restructuring of Chilean transport operators.

Includes matters handled at Dechert or prior to joining the firm.

  • Recommended Lawyer – Insolvency and Reorganization Law – Chile – Best Lawyers 2022
  • Notable – Restructuring & Insolvency – Chile – Top Ranked Legal 2022
  • Recommended Lawyer – Insolvency and Reorganization Law – Chile – Best Lawyers 2021
  • Rising Star – Bankruptcy, Insolvency and Restructuring – Chile – The Legal 500 Latin America 2021
  • Notable – Restructuring & Insolvency – Chile – Top Ranked Legal 2021
  • Highlighted Young Lawyer – Corporate Restructuring – Chile – Leading Lawyers 2021
  • Recommended Lawyer – Insolvency and Reorganization Law – Chile – Best Lawyers 2020
  • Associate to Watch – Bankruptcy/Restructuring – Chile – Chambers Latin America 2020
  • Associate to Watch – Bankruptcy/Restructuring – Chile – Chambers Latin America 2019
  • Asset Sales, Capitalization and Credit Bidding – American Bankruptcy Institute’s Latin American Symposium (Mexico City, Mexico) (2024)
  • Cross Border Insolvency: Why Do LATAM Companies File for Chapter 11 in the US? – International Insolvency Institute’s LATAM Regional Conference (Santiago, Chile) (2024)
  • Cross Border Insolvency: Concurso Mercantil v. Chapter 11 – Iberoamerican Institute of Insolvency Law’s XIX Congress (Guadalajara, Mexico) (2023)
  • Chapter 11 and Plan Confirmation Issues – Chilean Association of Banks and Financial Institutions (Santiago, Chile) (2022)
  • Debtor-in-Possession Financing – Universidad de Los Andes, Chile (Santiago, Chile) (2021)
  • Financing Restructuring: The New Wave – BPD Investments and Lima Chamber of Commerce (Lima, Peru) (2021)
  • Chapter 11 of the U.S. Bankruptcy Code – Larrain Vial (Santiago, Chile) (2020)
  • Chapter 11 as an alternative for the restructuring of Latin American companies – Be Lawyer (Lima, Peru) (2020)
Services
    • Diego Portales University, School of Law, Bachelor of Laws, 2012, Valedictorian
    • University of Pennsylvania Law School, LL.M., 2020, Distinction
    • New York
    • Chile
    • United States District Court for the Southern District of New York
    • United States District Court for the Eastern District of New York
    • English
    • Spanish
    • New York Bar Association
    • Chilean Bar Association
    • TMA Chilean Chapter

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