Lawrence Larose represents major creditors in literally every major municipal restructuring in recent memory, both in and out of court, including the Chapter 9 cases of Detroit, Michigan and Jefferson County, Alabama, the two largest municipal bankruptcies in US history. In addition, Mr. Larose represents major creditors in currently pending out of court restructurings of municipal debt issued by Harrisburg, Pennsylvania; Scranton, Pennsylvania; and Woonsocket, Rhode Island.
In addition to his prominent municipal restructuring practice, Mr. Larose represents corporate clients in sophisticated in-court and out-of-court restructurings, including mergers and acquisitions and other financial transactions. Much of his experience involves counseling major financial institutions, including investment banks, commercial banks, financial guarantors and insurance companies.
Among his most prominent cases, Mr. Larose was the lead counsel in the restructuring of MBIA Insurance Corp., the largest financial guaranty insurer in the world, and represented parties in the restructuring of Syncora Guarantee, Inc. and Financial Guaranty Insurance Company. Mr. Larose was also lead corporate counsel in the Confederation Life Insurance Company and Mutual Benefit Life Insurance Company cases, the two largest life insurance industry restructurings in US history. He was also chief restructuring counsel to Foster Wheeler Ltd. in one of the nation’s largest out-of-court restructurings.
Mr. Larose has written extensively on the unique legal issues faced in municipal restructurings, including unique issues under Chapter 9 of the Bankruptcy Code, and is a frequent commentator in the press on these issues. In 2013, 2014, 2015, 2016 and 2017 The Legal 500 named Larose as one of the nation’s "Leading Lawyers" in the municipal bankruptcy area and rated his team as "Tier 1."