Aaron Gavant is a partner in Mayer Brown's Restructuring group.
Aaron’s practice is focused both on structured finance workout matters, where he represents major financial institutions in their roles as trustee, administrative agent and in other related capacities, as well as traditional in-court and out-of-court restructuring matters, where Aaron represents institutional lenders, bank groups, hedge funds and other alternative lending institutions.
In recent years, Aaron’s practice has focused on the aftermath of the financial crisis, particularly as it has impacted the residential mortgage backed securities industry. In that role, Aaron has been retained on numerous, post-closing corporate trust matters involving trustees, bondholders, servicers, and other transaction parties in connection with direction and indemnity negotiations, representation and warranty breach claims, servicing transfers, foreclosure issues, repurchase litigation, and other related issues. Aaron also has similar experience with respect to matters involving other asset classes, including student loan securitizations and other asset-backed transactions.
At the same time, Aaron maintains an extensive traditional bankruptcy practice, representing a diverse range of clients with assorted interests at stake in both in-court and out-court restructuring matters. This includes representing debtors pursuing wholesale restructurings, senior secured lenders facing multi-faceted challenges to their claims via litigation and otherwise, commercial real estate special servicers forced into foreclosure proceedings and related bankruptcy cases, and oil and gas operators confronting challenges to the continued operation, maintenance and decommissioning of their onshore and offshore assets.
- Represented prepetition and postpetition administrative and collateral agent in connection with EP Energy Corporation bankruptcy proceedings.
- Represented administrative agent in bankruptcy proceedings of The Paper Store in Massachusetts bankruptcy court.
- Represented special servicer in multiple securitization workout matters resulting from COVID-related disruptions
- Represented administrative agent for a $1 billion prepetition first lien facility in the Chapter 11 cases of Samson Resources Group and its affiliates, which prior to its filing in 2016 had been the largest independent upstream oil and gas company in the United States.
- Represented the predecessors in title to Memorial Production Partners with respect to a $150 million dispute over a decommissioning trust relating to oil and gas operations.
- Represented respondents in Taggart v. Lorenzen bankruptcy matter before United States Supreme Court.
- Represented bond trustee in connection with successful restructuring of Odebrecht Oil & Gas and its subsidiaries and affiliates, which was awarded as the “Restructuring Deal of the Year” by both the International Financial Law Review and Latin Lawyer.
- Represented indenture trustee in connection with bankruptcy proceeding of Aurora Loan Servicing.
- Represented multiple indenture trustees in connection with bondholder direction and indemnity negotiations, investor solicitation processes with respect to range of transaction types including RMBS and student loans.
- Represented indenture trustee in connection with proceedings pursuant to Article 77 of New York's Civil Practice Law and Rules to approve of $5 billion and $2 billion global RMBS settlements.
- Represented senior mortgage lenders, including through special servicers under RMBS securitizations, in restructurings and bankruptcies of real estate companies, including single asset borrowers and including involving a tenant-in-common ownership structure.
- Represented prepetition secured lender in connection in the LTAP US LLP Chapter 11 case and obtained orders granting relief from the automatic stay and denying the debtor’s attempt to obtain approval of a “priming” debtor-in-possession financing facility following a full evidentiary hearing regarding disputed valuation issues.
- Represented one of the world’s largest providers of telecommunications services in connection with the Chapter 11 case of a competitive local exchange carrier.
- Represented prepetition secured lender in connection with bankruptcy, district and appellate court litigation arising from the Sentinel Management Group Chapter 11 case.
University of Maryland School of Law, JD, magna cum laude
Notes & Comments Editor, Journal of Business and Technology Law; Runner-Up Best Oralist Myerowitz Moot Court Competition; Order of the Coif
Yeshiva University, BA, Political Science, summa cum laude