Craig Martin

Partner

Global Co-Chair, Restructuring

Managing Partner, Wilmington office

Emailcraig.martin@dlapiper.com

Call+1 302 468 5655

Wilmington

About

Areas of FocusRestructuring

Bar admissionsDelawareDistrict of ColumbiaNew YorkPennsylvaniaTexas

CourtsUnited States District Court for the District of ColoradoUnited States District Court for the Eastern District of PennsylvaniaUnited States District Court for the Northern District of TexasUnited States District Court for the Southern District of TexasUnited States District Court for the District of DelawareSupreme Court of the United States

EXPERIENCE

Craig has:

Represented a non-debtor Belgian subsidiary in a contentious adversary litigation involving a corporate group of companies, the ultimate parent of which is a post-confirmation chapter 11 debtor. See In re Total Containment Inc., 2007 WL 1775364. Craig led the client through the litigation and mediation, resulting in a 90 percent reduction of the client's alleged liability
Guided a senior secured lender through a contentious five-day trial for the appointment of a trustee to operate a distressed television station, leading to payment in full of the lender's principal and interest
Performed due diligence and drafted complex representations and warranties protecting a Spanish purchaser of a distressed business from liabilities for bankruptcy expenses and accrued taxes. Craig also recently drafted the bankruptcy provisions of an asset purchase agreement in which a US company bought assets from a distressed company based in Germany
Advised a chapter 11 debtor and manufacturer on the liquidation of its non-debtor Canadian subsidiary and litigation over ownership of cash proceeds of a demutualization of an insurance company
Negotiated a royalty payment from an Indian purchaser of a US debtor's assets on behalf of an Irish pharmaceutical corporation in a manner that was acceptable to the divergent interests of different creditors and investors
Advised a publicly traded distressed textile corporation with operations in Honduras and Nicaragua on its prearranged bankruptcy filing. In the course of this representation, Craig negotiated with an ad hoc committee of public bond holders and assisted in the preparation and presentation of the numerous "first day" bankruptcy motions
Defended a Hong Kong corporation against a multimillion-dollar fraudulent transfer and preference action brought against it in Wilmington, Delaware, which required the review of thousands of documents, the preparation of a complex summary judgment motions, hiring and managing financial experts and spending two weeks in Hong Kong where he served on a team that took eight depositions in two weeks using Chinese translators under the supervision of the Hong Kong Court

Education

J.D., University of Houston Law Center
cum laude

M.Sc., University of Edinburgh

B.A., History, Texas Christian University

Awards

Pro Bono

The chair of the Delaware State Bar Association's Veterans Law Committee, Craig frequently lectures on US veterans law and represents disadvantaged veterans on a pro bono basis.

Bylines

Co-author, "US and Foreign Courts Adopt the Judicial Insolvency Network's Cross-Border Guidelines," ABI Journal, May 24, 2017
Co-author, "Mediation in Cross Border Disputes," Canadian Association of Insolvency and Restructuring Professionals, Spring/Summer 2015
Contributing author, Chapter 15 for Foreign Debtors, American Bankruptcy Institute, 2015

Seminars

Moderator, "Chapter 15 and Cross Border Practice in the District of Delaware," INSOL USA/Canada Membership Development Committee Meeting, June 2016
Speaker, "UN Guiding Principles on Business and Human Rights," Costa Rican Bar Association, October 2015

Media Mentions

Prior Experience

Extern, the Honorable Wesley W. Steen, United States Bankruptcy Court, Southern District of Texas

Memberships And Affiliations

American Bar Association
Federal Bar Association
Delaware Bankruptcy Inn of Court
Membership Relations Director, Asset Sales Committee, American Bankruptcy Institute
Chair, Younger Members Committee, INSOL International
Chair, Delaware Veterans Law Committee