Shai represents ad hoc lender and noteholder groups, asset managers, hedge funds and CLOs in a wide range of in-court and out-of-court transactions and disputes. He advises his clients on litigation strategy concerning liability management exercises (LMEs) and has represented lenders in some of the largest LMEs in recent years. These include Invesco in the Robertshaw matter, lender groups in Better Health Group, Allen Media Group, Ivanti Software and Magenta Buyer (McAfee), and a lender to Del Monte Foods in connection with an LME-related litigation.

Shai has extensive experience in intercreditor litigation in state and bankruptcy courts, contested Chapter 11 plan confirmations, DIP financing and other bankruptcy- and restructuring-related disputes.

Recognized as a leading authority on LMEs and intercreditor issues, Shai is regularly featured in Bloomberg, Octus, Debtwire, 9Fin, and other top business publications for his insights.

Shai has represented:

  • Invesco Senior Secured Management in the Robertshaw state court proceeding and Chapter 11 case litigating the validity of a pre-petition liability management exercise.
  • An excluded lender in the Del Monte Foods litigation concerning a liability management exercise.
  • An ad hoc group of lenders to Better Health Group.
  • An ad hoc group of lenders to Allen Media Group.
  • An ad hoc group of lenders to Ivanti Software, Inc.
  • An ad hoc group of lenders to Magenta Buyer LLC (McAfee) in connection with a liability management exercise.
  • An ad hoc group of non-RSA secured lenders in the Chapter 11 case of Cineworld Group PLC.
  • An ad hoc group of unsecured noteholders of Endo International plc and its affiliates in their chapter 11 proceedings.
  • An ad hoc group of shareholders of Hertz Global, Inc. in its chapter 11 case.
  • The Official Committee of Equity Securities Holders in the Chapter 11 case of Garrett Motion Inc.
  • Best Lawyers, One to Watch, 2022-23
  • Shai Schmidt quoted in Law360 on impact of Serta ruling (January 2025) Read here (subscription required).
  • Shai Schmidt quoted in Bloomberg on LME mechanics (January 2025) Read here (subscription required).
  • Shai Schmidt quoted in 9Fin on the importance of the Mitel decision (January 2025) Read here (login required).
  • Shai Schmidt quoted in 9Fin on the evolution of LME legal challenges (November 2024) Read here (subscription required).
  • Shai Schmidt discusses joint cooperation agreements with Reorg (October 2024) Read here.
  • Shai Schmidt quoted in Bloomberg on debt restructuring delays (August 2024) Read here.
  • Shai Schmidt authors Reorg article on double-dip financings (July 2024) Read here.
  • Shai Schmidt discusses Supreme Court decision on fraud-discharge exception with Turnarounds & Workouts (April 2023) Read here.
  • Shai Schmidt featured in Law360 on the Boy Scouts bankruptcy case (September 2022) Read here.
  • Shai Schmidt featured in Bloomberg Law on Boy Scouts bankruptcy ruling (August 2022) Read here.
  • Andrew Glenn and Shai Schmidt featured in Turnaround & Workouts' 2022 Outlook (January 2022) Read here.
  • Shai Schmidt featured in Law.com’s “How I Made Partner” Q&A series (November 2021) Read here.
  • 3rd Circuit Decision Casts Doubt on Gifts to Individual Class Members, Turnarounds & Workouts (September 2021) Read here.
  • Andrew Glenn and Shai Schmidt featured in The Deal’s Deal Doctors column (June 2021) Read here.
  • 3rd Circuit Continues Momentive Trend For Secured Creditors, Law360 (Aug. 6, 2019) Read here.
  • Momentive Disrupts Intercreditor Agreements and Reorgs, Law360 (Feb. 8, 2019) Read Here.

CREDENTIALS

  • Harvard Law School, LL.M., 2009
    • Fulbright Fellow
  • The Hebrew University of Jerusalem, LL.B., magna cum laude, 2007

 

ADMISSIONS

  • State Bar of New York
  • U.S. Court of Appeals for the First Circuit
  • U.S. Court of Appeals for the Second Circuit
  • U.S. District Court for the Southern District of New York
  • U.S. District Court for the Eastern District of New York
  • Israel