Board & Governance Advisory
Independent guidance to boards, special committees, managers and fiduciaries confronting duties, conflicts, related-party issues and strategic alternatives.
Independent judgment. Senior-level experience.
Restructuring guidance for the moments that matter most.
MS Restructuring Advisory Services provides boards, management teams, creditors, investors and fiduciaries with pragmatic counsel through complex financial, operational and governance challenges.
30+Years of experience
20Years as a partner
NationalRecognition
Mark R. Somerstein
President and Principal
About Mark
Steady leadership in complex situations.
Mark R. Somerstein brings more than three decades of experience helping boards of directors, senior management teams, creditors and investors navigate periods of financial and operational challenge and make enterprise-level risk management decisions.
Before founding MS Restructuring Advisory Services LLC, Mark was a partner for 20 years in the business restructuring practice group at Ropes & Gray LLP. He advised distressed companies and their stakeholders on restructuring strategy, governance matters and complex special situations across a wide range of industries.
His approach combines independence of judgment, close alignment with client objectives and a practical focus on preserving value and reaching workable solutions.
Advisory Services
Focused support across the restructuring lifecycle.
Senior attention for high-stakes decisions, from early assessment through implementation and post-confirmation matters.
Restructuring Strategy
Assessment and execution of in-court and out-of-court solutions, including chapter 11 reorganizations, distressed transactions and liability management.
Stakeholder & Creditor Matters
Advice on capital structure, liquidity, negotiations, fiduciary obligations, claims resolution and creditor distributions.
Trustee & Post-Confirmation Roles
Leadership of liquidating and creditor trusts, plan implementation, asset recovery, litigation oversight and distribution processes.
Special Situations
Clear-eyed support for sensitive investigations, disputes, corporate transactions and other matters arising in default or financial distress.
Bankruptcy-Related Litigation
Strategic guidance concerning claims, contested matters and complex litigation connected to restructuring and insolvency proceedings.
Representative Experience
Experience spanning major cases and stakeholder roles.
01
US Magnesium LLC
Appointed liquidating trustee under the confirmed chapter 11 plan to oversee trust assets, complex post-confirmation litigation, claims reconciliation, creditor distributions and plan implementation.
02
Magnum Hunter Resources
Appointed unsecured creditor trustee in the chapter 11 cases of Magnum Hunter Resources and its debtor affiliates, addressing claims reconciliation and creditor distributions.
03
FirstEnergy Nuclear Generation
Represented the independent manager in the multi-billion-dollar chapter 11 cases of FirstEnergy Solutions and affiliates, advising on governance, intercompany and related-party matters.
04
Sanchez Energy
Represented the special committee of the board in investigating and addressing potential causes of action connected with affiliated entities and related-party transactions.
05
Debtor Representation
Served as lead counsel to Vesta Holdings and Silicon Graphics, advising boards and management, designing restructuring strategy, managing business sales and formulating chapter 11 plans.
06
Creditor Committees & Trustees
Led representations for numerous official unsecured creditors’ committees and advised major indenture trustees, administrative agents and collateral agents in U.S. and international insolvency proceedings.
Statement of Qualifications
Review additional representative matters and biographical information.
Recognition
Recognized throughout a distinguished legal career.
Mark was a frequent lecturer on bankruptcy-related topics and was recognized numerous times for his expertise in bankruptcy law.
Chambers USAThe Legal 500IFLR1000BenchmarkNew York Super Lawyers
Contact
Bring clarity to the next decision.
For inquiries regarding restructuring, governance, fiduciary or special situations advisory services, contact Mark R. Somerstein.
Email Mark
Mark R. Somerstein
President and Principalmsomerstein@msrestructuring.com