Notable 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