Use of cookies by
Norton Rose Fulbright
We use cookies to deliver our online services. Details and instructions on how to disable those cookies are set out at By continuing to use this website you agree to our use of our cookies unless you have disabled them.

Municipal restructuring and bankruptcy


The lawyers who comprise our global bankruptcy, financial restructuring and insolvency practice are skilled at addressing the many interconnected and complex issues faced by municipalities and other governmental entities experiencing financial difficulties. Our team combines decades of experience with a full range of financial, regulatory and litigation skills to enable us to spot issues before they arise, as well as develop innovative approaches to long-term problems.

“Has considerable cross-border capabilities in municipal bankruptcies and insolvency matters.” Chambers USA, 2017

Our lawyers have represented key parties in a number of significant municipal and governmental restructurings around the world, including every recent major US municipal restructuring, both in and out of court. Among these were the matters of Detroit, Michigan and Jefferson County, Alabama, the largest Chapter 9 municipal bankruptcies in US history.

Our areas of work include

  • Bond issuances and exit financings
  • Complex loan restructurings
  • Dispute resolution and litigation
  • Employee benefits and pensions
  • Executory contracts, leases, intellectual property licenses and forward, swap and trading contracts
  • Financial institutions, funds and creditor representation
  • Government relations
  • Plans of adjustment
  • Public finance
  • Sale and purchase of distressed assets, debt and portfolios
  • Valuation and solvency proceedings

Awards and accolades

  • Best Law Firms, Tier 1 national rankings for Bankruptcy and Creditor/Debtor Rights/Insolvency and Reorganization Law, and Bankruptcy Litigation, US News & World Report and Best Lawyers, 2017
  • Chambers Global, Canada: Restructuring/Insolvency, Chambers & Partners, 2017
  • Chambers Global, UK: Restructuring/Insolvency, Chambers & Partners, 2017
  • Chambers USA, Texas: Bankruptcy/Restructuring (Tier 1), Chambers & Partners, 2017
  • Chambers USA, New York: Bankruptcy/Restructuring, Chambers & Partners, 2017
  • Legal 500 US, Restructuring, including bankruptcy: Corporate, The Legal 500, 2017
  • Legal 500 US, Restructuring, including bankruptcy: Municipal (Tier 1), The Legal 500, 2017