Kyung S. Lee is a financial restructuring and bankruptcy litigation partner with over 30 years of experience advising on all aspects of troubled credit, from workouts to post-confirmation disputes, for clients including public and private companies, boards of directors, senior management, secured lending groups, secured and unsecured committees, trustees and other parties-in-interest in Chapter 11, 15 and 7 proceedings.
Kyung regularly advises clients facing liquidity crises, covenant and payment defaults, or intransigent adversaries. He also advises clients during the workout phase of a credit default, handling delicate restructuring negotiations. He regularly works with financial advisors to develop 13-week cash flow forecasts, determine the feasibility of business plans, and critique liquidation analyses.
When companies are unable to resolve debtor-creditor tensions outside of formal proceedings, Kyung represents his clients in bankruptcy litigation. With his extensive business background and industry knowledge, and significant litigation experience, Kyung works with his clients to establish a protocol to efficiently and effectively resolve disputes.
Prior to joining Kasowitz:
- Chapter 7 Trustee in Houston, Texas with oil and gas assets in Nigeria, Gambia and Kenya.
- High net worth individual in disputes with Goldman Sachs over loans secured by yachts, assets in foreign countries and real properties in trusts.
- Offshore Specialty Developers, an offshore barge provider, in a Chapter 11 case.
- Chapter 7 Trustee of ATP and Special Counsel of Chapter 7 Trustee of ATP Oil in the BP settlement.
- Successful bidder of the oil and gas assets of the Badlands Resources located in Utah.
- U.S. subsidiary of a Chinese conglomerate subject to an arbitration award that required analysis of whether to file Chapter 11 bankruptcy.
- Claims purchaser whose liens were challenged by the debtor and the committee, brought to a successful conclusion.
- Offshore oil and gas company in obtaining, through litigation, bet-the-company DIP financing over the objection of second lien holder.
- Defendant in settling a pre-suit $170,000,000 fraudulent transfer suit.