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Shelley, Scott C.

Scott C. Shelley

Of Counsel
Direct Tel: +1 212-849-7358
New York
Tel: +1 212 849 7000 Fax: +1 212 849 7100

Scott Shelley practices in the firm’s Bankruptcy and Restructuring Group.  He regularly represents financial institutions, hedge funds, distressed companies and creditors’ committees in chapter 11 proceedings and out-of-court restructurings, as well as foreign liquidators in chapter 15 cases and U.S.-based litigation.  He has extensive experience in a broad range of bankruptcy disciplines, including debtor in possession financing and use of cash collateral, distressed asset sales, chapter 11 plan formulation and bankruptcy litigation.  Scott also has significant experience analyzing complex transaction structures and advising clients regarding bankruptcy risks.

  • Oceanair Linhas Aéreas S/A, in Chapter 15 proceedings
  • Perforadora Oro Negro, S. de R.L. de C.V and Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V., in Chapter 15 proceedings
  • CORE Litigation Trust, in connection with various litigation matters
  • Odebrecht, S.A., in connection with various restructuring matters
  • AIG Asset Management (U.S.), LLC, in connection with the Chapter 11 cases of Residential Capital, LLC
  • Joint Liquidators of Millennium Emerging Credit Master Fund Limited and Millennium Emerging Credit Fund Limited, in connection with Chapter 15 proceedings
  • Solus Alternative Asset Management LP, in connection with the Chapter 11 cases of TerreStar Corporation and TerreStar Networks Inc.
  • Hildene Capital Management, LLC, in connection with the Chapter 11 case of Zais Investment Grade Limited VII
  • Joint Liquidators of ParkCentral Global Hub Limited in Bermuda insolvency proceedings and related U.S. litigation
  • Certain mezzanine lenders in litigation concerning the disposition of Peter Cooper Village/Stuyvesant Town. 
  • Official Committee of Unsecured Creditors of Lehman Brothers Holdings Inc., in connection with various post-confirmation matters.
  • Farnum Place, LLC as purchaser of Madoff SIPA Claim  from the BVI liquidators of Fairfield Sentry, Ltd.
  • Ad Hoc Committee of Equity Security Holders, in connection with the Chapter 11 cases of Spansion, Inc. and its affiliates.
  • Seton Hall University School of Law
    (J.D., cum laude, 1993)
    • Seton Hall Law Review:
      • Managing Editor
  • Middlebury College
    (B.A., English, 1987)
The State Bar of New York; The State Bar of New Jersey; The State Bar of Connecticut; United States Courts of Appeals: Second Circuit, Third Circuit; United States District Courts: Southern District of New York, Eastern District of New York, District of New Jersey, District of Connecticut, Eastern District of Michigan
  • Shearman & Sterling, LLP:
    • Counsel, 1997- 2008
  • Wilentz, Goldman & Spitzer P.A.:
    • Associate, 1995-1997
  • Law Clerk to the Hon. Robert L. Krechevsky, Chief Bankruptcy Judge:
    • United States Bankruptcy Court, Connecticut, 1994-1995
  • Law Clerk to the Hon. Geoffrey Gaulkin, Presiding Judge,
    • New Jersey Superior Court, Appellate Division for New Jersey, 1993-1994
  • “Chapter 15 Court Clarifies Procedures for Seeking to Vacate Recognition: In re Foreign Economic Industrial Bank Ltd. and In re Larisa Markus, 2019 WL 4943752 (Bankr. SDNY),” International Corporate Rescue, December 2019
  • “Chapter 15 Court Balances Competing Comity Concerns and Grants Conditional Approval of Croatian Restructuring Plan (In re Agrokor, 2018 WL 5298403 (Bankr. SDNY)),” International Corporate Rescue, January 2019
  • “Innovative Use of Chapter 15 of US Bankruptcy Code Helps Brazilian Debtors Reorganise (In re Oi, S.A., 587 BR 253 (Bankr. SDNY)),” International Corporate Rescue, December 2018
  • “Move It On Over: Intentional Prepetition COMI Shift Does Not Preclude Chapter 15 Recognition (In re Ocean Rig UDW Inc., 570 B.R. 687 (Bankr. S.D.N.Y. 2017)), International Corporate Rescue, February 2018
  • “Bankruptcy Court Rejects Extraterritorial Application of U.S. Avoidance Statute (Ampal-American Israel Corp. v. Goldfarb Seligman & Co. (In re Ampal-American Israel Corp.), 562 B.R. 601 (Bankr. S.D.N.Y. 2017)),” International Corporate Rescue, August 2017
  • “Bankruptcy Court Sale Order Not Binding on Ignition Switch Claimants Who Did Not Receive Proper Notice – In the Matter of: Motors Liquidation Company, 2016 WL 3766237,” International Corporate Rescue, November 2016
  • “Professional Fees Incurred Defending Fee Applications Not Compensable Under US Bankruptcy Code – Baker Botts L.L.P. v. Asarco, LLC, 135 S.Ct. 2158 (2015),” International Corporate Rescue, January 2016
  • “Second Circuit Constrains Doctrine of Comity: Krys v Farnum Place, LLC (In re Fairfield Sentry Limited), 768 F.3d 239 (2d Cir. 2014),” International Corporate Rescue, November 2015
  • “Opening Bank Account Opens the Door to Chapter 15 Eligibility (In re Suntech Power Holdings Co.),” International Corporate Rescue, March 2015 
  • “Second Circuit Clarifies Chapter 15 Eligibility Requirements: Drawbridge Special Opportunities Fund LP v. Barnet (In re Barnet),” Pratt's Journal of Bankruptcy Law, July/August 2014
  • Bridge Over Troubled Water: Rubin v. Eurofinance Ruling Facilitates Transatlantic Enforcement of Judgments Entered in US Bankruptcy Proceedings,” International Corporate Rescue, November 2010
  • Bankruptcy Appellate Panel Upholds Municipality’s Eligibility for Chapter 9 Bankruptcy Protection: In re City of Vallejo, California, International Corporate Rescue, November 2009
  • “Don't Look Back: US Supreme Court Upholds Res Judicata Effect of 1986 Asbestos Channelling Injunction (Travelers Indemnity Co. v Bailey, 129 S.Ct. 2195 (2009)),” International Corporate Rescue, October 2009
  • “The Municipality Strikes Back: In re City of Vallejo, California,” International Corporate Rescue, September 2008
  • “Bankruptcy Court Rulings Establish Parameters for Chapter 15 Eligibility,” International Corporate Rescue, July 2008 (co-author with Lynette Kelly)
  • “Show Me the Money: Another Look at Postpetition Interest in Solvent Debtor Chapter 11 Cases,” Emory Bankruptcy Developments Journal, Spring 2008 (co-author with Solomon Noh)
  • “Insolvency Proceedings of Cayman Islands Chartered Investment Funds Engaged Only in Off-Shore Business Not Entitled to Recognition Under Bankruptcy Code Chapter 15,” Pratt's Journal of Bankruptcy Law, May/June 2008 (co-author with Andrew Tenzer)
  • “Calyon New York Branch v. American Home Mortgage, Corp. (In re American Home Mortgage, Inc.) – Bankruptcy Court Identifies Limits of Safe Harbor Provisions Applicable to Mortgage Loan Repurchase Agreements,” International Corporate Rescue, March 2008