Squire Patton Boggs LLP has recenly announced the arrival of partner Karol K. Denniston as a member of the firm's Public & Infrastructure Finance Practice Group. Ms. Denniston joins from Schiff Hardin LLP and will be resident in the firm's San Francisco office.
Bruce Gabriel, Chair of the Squire Patton Boggs Global Public & Infrastructure Finance Practice Group, said:
"At Squire Patton Boggs, we bring to project development, procurement and finance a unique combination of our preeminent US public finance and public policy practices and a fully integrated global infrastructure development and finance practice. As infrastructure replacement and expansion needs accelerate in the US and public resources become ever more constrained to meet both existing obligations and new demands being placed upon government, the public and private sectors are compelled to find creative, multi-faceted solutions.
Karol's interdisciplinary focus on the private banking and capital markets and substantial experience with municipal restructuring matters will enable her to contribute mightily, across our national public infrastructure and finance platform, to the development and execution of sound solutions."
Ms. Denniston, who will also work closely with lawyers in the firm's global Restructuring & Insolvency Practice Group, has advised clients in restructuring and insolvency proceedings, particularly Chapter 11 reorganizations, Chapter 9 municipal restructurings and out of court workouts, for more than 25 years in both domestic and international markets.
Her current practice focuses on restructuring municipal debt and other obligations of US local government entities, including both "conduit" debt issued for the benefit of private entities, as well as general obligation and special revenue debt issued by counties, municipalities, and special districts for traditional public purposes. Karol represents several national municipal bond insurers in responding to, and increasingly in, the proactive management of troubled municipal and conduit borrower credits. Karol also represents various financial institutions acting as bond indenture trustees in municipal, high yield restructuring matters.
Stephen Lerner, head of the Squire Patton Boggs Restructuring & Insolvency Practice Group, said:
"There is widespread acceptance that many government entities face very serious fiscal challenges, due in particular to unfunded post-employment pension and other obligations, and that workable solutions, consistent with the continuing provision of necessary public services, must be devised. Karol's cross-practice experience connects the dots among Squire Patton Boggs' leading municipal finance practice, exceptionally strong public policy ties and prominent restructuring expertise. I am pleased to welcome Karol to Squire Patton Boggs."