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EMANUEL C. GRILLO

PARTNER

  • J.D., 1991
    Fordham University School of Law
    (Moot Court Board)
  • B.S.F.S., 1988
    Georgetown University
    (Landegger Certificate in International Business Diplomacy)
Emanuel C Grillo
The New York Times Building
620 Eighth Avenue
New York, NY 10018
USA
212.813.8880

Manny Grillo is a partner in the firm’s Business Law Department and chairs its Financial Restructuring Practice.  He is also a member of its Debt Finance Practice and co-leader of its Municipal Bankruptcy Group. Mr. Grillo represents secured and unsecured creditors, Chapter 11 debtors and borrowers, as well as both sellers and purchasers in distressed mergers and acquisitions. His practice encompasses both out-of-court debt restructurings and the rehabilitation and liquidation of financially distressed businesses under Chapter 11 of the Bankruptcy Code. Mr. Grillo regularly advises banks, hedge funds, sponsors and other financial institutions regarding insolvency and restructuring matters in complex financings and securitizations.  He negotiates distressed financing transactions including debtor in possession loans on behalf of both lenders and borrowers and litigates contested confirmation and financing matters as well as avoidance actions and lender liability claims. Mr. Grillo is a member of the firm’s Opinion Committee and has been a member of its Associate Review Committee and its Committee on Racial and Ethnic Diversity.

WORK FOR CLIENTS

Mr. Grillo has represented creditors, debtors and borrowers across a variety of industries.  In the financial services industry, he represented a troubled cooperative bank in the restructuring of over $500 million of its debt; an investment fund holding debt secured by life settlement assets in a troubled hedge fund’s chapter 11 cases; and an ad-hoc committee of second lien creditors in the restructuring of over $500 million of secured debt of one of the largest independent futures brokerage and clearing firms.  He has represented lenders and borrowers in the real estate industry including the successful bidder in a section 363 sale for one of the nation’s largest real estate brokerage firms; the controlling mezzanine lender in its successful foreclosure on a portfolio of hospitality assets with a value in excess $1.5 billion; the sponsor of a portfolio of hospitality assets concentrated in the southeastern United States in the successful restructuring of $600 million of debt; mezzanine and mortgage lenders for both commercial and multifamily residential properties and lenders to Native American gaming facilities.  He has represented junior capital lenders to troubled borrowers in prepackaged bankruptcy cases and periodically in their exercise of remedies.  In addition, he has represented individual creditors and ad hoc groups of creditors in some of the country’s largest bankruptcy cases, including Lehman Brothers Holdings Inc., Northwest Airlines, Delphi Corporation and Silicon Graphics, Inc.  He negotiated the unique DIP loan equity kicker in the NextWave Telecom cases that provided the DIP lender with a premium payable in reorganized NextWave securities at confirmation after NextWave’s litigation with the FCC in the United States Supreme Court.

PROFESSIONAL ACTIVITIES

Mr. Grillo is a member of the American Bankruptcy Institute and the Turnaround Management Association.

MEDIA

Mr. Grillo has been the keynote speaker at the annual DebtWire Restructuring Conference.  In addition, he commented and co-authored articles on municipal bankruptcies for American City & County and for Goodwin’s MuniBK blog.  He has authored or co-authored a number of articles on topics for a variety of publications, including “Disaggregating Assets from Liabilities to Maximize Value” in the New York Law Journal; “Bankruptcy Blues: Changes to the US Bankruptcy Reform Act Will Affect Troubled Portfolio Companies and their Debtholders” in Private Equity Manager; “From First Dibs to the Last in Line” in the National Law Journal, “Application of Bankruptcy Laws to Limited Liability Companies” in New York Limited Liability Companies and Partnerships (West’s New York Practice Series). In addition, he has been a speaker and presenter for the Practising Law Institute and Report on Business television network in Canada.

PROFESSIONAL EXPERIENCE

Prior to joining Goodwin Procter, Mr. Grillo was a partner at Torys LLP in New York City. Before that, he was a partner at Salans/Christy & Viener. He began his career as an Honors Program Attorney in the Office of the United States Trustee for the Southern District of New York of the U.S. Department of Justice.

BAR AND COURT ADMISSIONS

Mr. Grillo is admitted to the bar of the State of New York, the U.S. District Courts for the Eastern and Southern Districts of New York and the U.S. Court of Appeals for the D.C. Circuit. He has been admitted pro hac vice to a number of federal bankruptcy courts and district courts across the country.