John Ashmead is Chair of Seward & Kissel’s Bankruptcy and Reorganization Group.
John’s expertise spans workouts, Chapter 11 cases (and foreign insolvency proceedings), bankruptcy/distressed acquisitions, bankruptcy-related litigation, structured finance transactions and private equity investments, including acquisitions, mergers and divestitures. He represents lenders, other creditors, borrowers/issuers, equity holders, acquirers, hedge funds, and members of and formal and informal stakeholder committees.
John was a law clerk to the Honorable Cornelius Blackshear, U.S. Bankruptcy Court, Southern District of New York from 1990-1992.
John has appeared before Bankruptcy Courts nationwide. He has authored many articles in the bankruptcy and restructuring area, and lectured on such topics as well.
John is a Fellow of the American College of Investment Counsel and has been recognized as a leading lawyer in bankruptcy by New York Super Lawyers (2010-2015) and as a Rising Star by Institutional Investor (2008).
Over the last several years, John has been involved in numerous distressed shipping matters – advising company-side, lenders, investors and creditors, including in the following matters:
Nautilus Holdings (agent/lender); OSG (agent/lender); TMT Procurement Corporation (Official Creditors Committee); B+H Ocean Carriers (lending agent /syndicate); TBS International (agent/lender); General Maritime (company-side); U.S. Shipping Partners (I) (bond trustee); U.S. Shipping Partners (II) (refinancing lender); Omega Navigation (company-side); Marco Polo Steamship (ship owners, bunker supplier); Korea Line (agent/lender); Eastwind/Probulk (agent/ lender); Peregrine (equity investor); American Commercial Barge Lines (purchaser)