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George B. South III

Partner

george.south@dlapiper.com

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1251 Avenue of the Americas
New York, New York 10020-1104
United States
T: +1 212 335 4540 F: +1 917 778 8540

George B. South III is a partner in DLA Piper's Restructuring group, based in New York.

Mr. South's practice includes both in- and out-of-court restructurings and the rehabilitation of financially distressed businesses and municipalities. He represents distressed companies, creditors' committees, bondholders' committees, bond insurers, debtor-in-possession lenders and hedge and equity funs seeking to invest in and/or acquire the assets and businesses of financially troubled companies. Mr. South has represented parties in numerous chapter 11 cases, out-of-court restructurings and chapter 9 municipal bankruptcies.

Recently he has represented:

Hingham Campus, LLC and Linden Ponds, Inc. in its chapter 11 reorganization
The Clare at Water Tower in its ongoing chapter 11 case
Syncora Guarantee Inc. in the recent chapter 9 case of Jefferson County, Alabama, the largest municipal bankruptcy in US history
A significant bond insurer in the financial distress of the City of Harrisburg, Pennsylvania, whose chapter 9 bankruptcy case (opposed by such bond insurer) was recently dismissed as invalid
Torch Offshore, Inc. in the successful sale of its assets under section 363 of the Bankruptcy Code
Deutsche Bank in the chapter 11 case of Adelphia Corporation
Significant bond insurers in the successful restructurings of Entergy New Orleans; Northwestern Corporation; and Allegheny Energy
Forstmann Little in the chapter 11 cases of XO Communications and McLeod USA
US Bank, as indenture trustee, in the chapter 11 cases of Levitz Home Furnishings and Bethlehem Steel
The official committee of unsecured creditors in the chapter 11 case of Recoton Corporation
The official committee of unsecured creditors in the chapter 11 case of ITC DeltaCom, Inc.

Mr. South is a contributing author of one of the leading bankruptcy treatises in the United States, Collier on Bankruptcy. In addition, he has participated as a speaker in numerous forums on a variety of issues including tax, energy and telecommunication issues in bankruptcy.

The 2011 edition of Legal 500 cites Mr. South, praising him as an "excellent new addition” to DLA Piper’s restructuring group in 2010. Martindale-Hubbell rates him AV, its highest available rating.

Before joining DLA Piper, Mr. South was a partner with King & Spalding in New York. He also previously was a partner with Fried, Frank, Harris, Shriver & Jacobson in New York.

Admissions

New Jersey
New York
United States Court of Appeals for the Third Circuit
United States Court of Appeals for the Fifth Circuit
United States Court of Appeals for the Federal Circuit
United States District Court for the Eastern District of New York
United States District Court for the Southern District of New York

Memberships

American Bankruptcy Institute
Turnaround Management Association
American Bar Association (member of Business Bankruptcy Committee)

Publications

Contributing author, Collier on Bankruptcy, multi-volume treatise published by LexisNexis (2003 - present)
"District court overrules controversial Tousa decision," DLA Piper Restructuring News (April 28, 2011)
"Consideration for bankruptcy legislation for states appears dead," DLA Piper Restructuring News (April 28, 2011)
"When an energy company faces bankruptcy," DLA Piper Energy and Restructuring Alert (March 15, 2011)
"Must investors in distressed securities disclose purchase price under Bankruptcy Rule 2019?," DLA Piper Restructuring Alert (January 10, 2011)
"Distressed municipalities ask: chapter 9 or privatization?," DLA Piper Restructuring Alert (January 10, 2011)
Municipalities in Peril: The ABI Guide to Chapter 9, published by The American Bankruptcy Institute (2010)
Extensively quoted in P. Renaud and C. Spencer, "Distressed M&A opportunities," Financier Worldwide (June 2009)
"The continuing troubles facing the commercial real estate market: securitisations at risk," Financier Worldwide (December 2009)
"The shifting of risk from buyer to seller in the trading of bankruptcy claims," Public Companies & Claims Trading Committee: ABI Committee News, Vol. 5, No.1 (February 2008)
"Should the buyer of a bankruptcy claim be infected by the bad acts of the seller?," Financier Worldwide (December 2007)
"7th Circuit provides friendlier skies to United: new decision has big impact on airport leases," ABI Journal (September 1, 2005)
"Current issues affecting utility bankruptcies," The Journal of Structured and Project Finance, Vol. 9, No. 4 (Winter 2004)
"Dealing with energy industry bankruptcies and distressed situations: issues, answers, developments," presented at The 10th Annual Power Industry Forum (May 7, 2003)
"Selected bankruptcy issues: recent developments regarding voting agreements and the enforceability of pre-petition investment/purchase agreements," presented at Law Seminars International: Telecommunications Restructuring Conference (February 13-14, 2003)