• Currently serves as lead litigation counsel to the Puerto Rico Fiscal Agency and Financial Advisory Authority and Puerto Rico’s historic Title III restructuring proceedings. Peter has successfully argued numerous evidentiary hearings, adversary proceedings and contested matters in the District Court and multiple matters in the United States Court of Appeals for the First Circuit. Peter's arguments have ranged from traditional bankruptcy issues, defeating attempts to block the transformation of Puerto Rico's electric utility, constitutional issues regarding separation of powers and the bankruptcy uniformity clause and novel matters regarding Puerto Rico's retained rights under the PROMESA statute.
• Lead bankruptcy counsel to the largest creditor of alleged billionaire Miles Kwok. Successfully litigated appointment of a chapter 11 trustee, return of a fugitive yacht belonging to debtor, and obtained preliminary injunction against debtor who ordered harassment of our client, attorneys and the chapter 11 trustee.
• Represented California Governor Gavin Newsom and the California Department of Finance in the PG&E bankruptcy and the California Department of Toxic Substance Control in the Exide bankruptcy at trial.
• In Avianca bankruptcy, obtained order requiring debtor to pay in full claims of aircraft lease counter-party that debtor tried to categorize as unsecured claims in a plan paying unsecured creditors pennies on the dollar.
• Represented Verso Paper Corp. in its bankruptcy as lead litigation counsel. Among other things, Peter led a team of O’Melveny lawyers in bringing together several groups of secured lenders to reach a complex intra-company protocol to address a key contractual matter at the beginning of Verso’s case.
• In the EFH bankruptcy, Peter successfully argued a motion to dismiss an adversary proceeding filed by Marathon Asset Management seeking hundreds of millions of dollars from three major private equity funds regarding the interpretation of an intercreditor agreement. The decision was affirmed on appeal in the United States District Court for Delaware and the United States Court of Appeals for the Third Circuit after oral argument.
• Represents fraudulent transfer defendants in both the Sears, Tops Markets and ASHINC bankruptcies.
• Co-led O’Melveny’s representation of Suntech Power Holdings, Inc., received recognition of its Chapter 15 petition in the Southern District of New York over the objection of a major creditor, and defeated challenges to Suntech’s eligibility to be a United States Debtor as well as a motion to transfer venue of the case to California.
• Successfully obtained dismissal of a US$2 billion lawsuit brought against defendants by Harbinger Capital in the LightSquared chapter 11 cases.
• Represented the United States Treasury and the Presidential Task Force on the Automobile Industry as lender and acquirer in the Chrysler and General Motors bankruptcies.
• Advised LyondellBasell Industries as a debtor in every aspect of its bankruptcy restructuring of more than US$25 billion in debt. He counseled Lyondell and litigated on its behalf in its precedent-setting settlement of fraudulent transfer litigation and in connection with unwinding a complex web of intercreditor relationships.
• Represented US Bank, NA as Indenture Trustee for leveraged lease bonds in the Dynegy Holdings bankruptcy, where he successfully argued for the appointment of an examiner over the objection of many other parties in interest and led litigation efforts related to the treatment of US Bank’s claims under Bankruptcy Code section 502(b)(6). US Bank ultimately reached an extremely favorable settlement on its claims.
• Peter was lead bankruptcy litigation counsel to the Renco Group as a secured lender and equity sponsor in the RG Steel bankruptcy, and assisted Renco in obtaining a structured dismissal of the case on very favorable terms (including a full release).

Peter has represented numerous debtors, including:

• Verso Paper Company
• Northwest Airlines
• Entegra
• Caribbean Petroleum
• Xerium Technologies
• Vertis Inc.
• Enron
• WorldCom
• Saint Vincent's Catholic Medical Center
• Cal Dive, Inc.
• Colt Defense LLC
• Armstrong World Industries Inc.

Representative creditor representations include:

• Linn Energy (Second Lien Lenders)
• Appvion Paper (DIP Lender/largest secured lender)
• Blockbuster (Icahn Associates)
• Owens Corning (Credit Suisse as Agent for US$1 billion credit facility)
• Lehman Brothers (Morgan Stanley as plan proponent and derivatives counterparty)
• AMF Bowling (Cerberus & a leading financial institution)
• BLB/Twin River Casino (a leading financial institution, Sankaty Capital)
• Inner City Media Company (Yucaipa as successful undersecured petitioning creditor in involuntary Chapter 11 cases)
• Crescent Resources (Morgan Stanley as lender and equity holder)