Board of Directors
Martin Bienenstock is a Partner at Proskauer Rose LLP and Chair of Proskauer’s Business Solutions, Governance, Restructuring & Bankruptcy Group. Martin provides clients with multidisciplinary solutions that draw on his combined experience in corporate law, governance, reorganization, litigation, and Dodd-Frank.
Martin provides legal and strategic advice to directors, businesses, investors and creditors, advising on complex restructurings, acquisitions, trials and appeals. Notably, he handled the Owens Corning appeal, reversing substantive consolidation to increase the value of his bank clients' claims against Owens Corning from $600 million to more than $2.2 billion. He charted the takeover of troubled Finova for a joint venture between Berkshire Hathaway and Leucadia National Corp., and achieved the successful reorganizations of companies such as Enron and Republic Engineered Products over multiple objections. Martin developed the section 363 sale strategy for General Motors and represented Capmark and AMBAC. He also prepared the initial draft of what became Ireland’s reorganization statute. Martin is currently leading the reorganization of NewPage and the representation of MF Global's statutory creditors' committee.
Martin's practice encompasses governance advice for healthy or troubled companies, crisis management, restructuring, Dodd-Frank, and cross-border restructuring. He assists companies and their boards in establishing risk reporting systems so they may oversee material risk factors facing the company, and in developing board agendas that enable boards to spend more time increasing share value while complying with The Sarbanes-Oxley Act.
The National Law Journal named Martin as one of the "100 Most Influential Lawyers in America." He is ranked in the Band One for Bankruptcy by Chambers Global andChambers USA in the field of Bankruptcy/Restructuring. In addition, he consistently has been listed at the top of his field by other leading legal publications and organizations, including Turnarounds & Workouts, The International Who's Who of Business Lawyers and Euromoney Legal Media Group's "The Best of the Best."
Martin also teaches corporate reorganization at Harvard Law School and University of Michigan Law School.