MIAMI – May 21, 2014 – Mark D. Bloom, a Shareholder and Co-Chair of the National Business Reorganization and Financial Restructuring Practice at international law firm Greenberg Traurig, has been elected to membership in the prestigious International Insolvency Institute.
The International Insolvency Institute is a non-profit, limited-membership organization dedicated to achieving greater coordination among nations in multi-national business reorganizations and restructurings. The Institute’s members are accepted by invitation only, and are drawn from the most senior and respected attorneys, judges, academics and other insolvency professionals. This year the group accepted 16 new members from 10 different countries, with Bloom the only new member elected from the United States.
Bloom sees tremendous growth opportunities in the area of international insolvency. “As the restructuring market continues to become more global, a growing number of multi-national companies are seeking relief in U.S. bankruptcy courts for any number of reasons: to protect U.S. assets, address claims of U.S. creditors or otherwise benefit from the flexible and result-oriented U.S. insolvency laws that may help to achieve their long-term goals,” Bloom said.
Election to the Institute reflects Bloom’s increased emphasis on international insolvency as a major part of his practice. In recent months Bloom also has been appointed as Co-Editor of the International Insolvency Law Review and to a two-year term on the Editorial Board of INSOL World, a quarterly publication of the worldwide international insolvency group INSOL.
“In this changing environment, I’m happy to increase my involvement with key organizations and publications, and help take the lead in ensuring practitioners stay abreast of the latest issues and best practices for counseling global clients with U.S. Chapter 11 or Chapter 15 filings,” Bloom said. “I also am honored to join my Greenberg Traurig colleagues Keith Shapiro and Professor G. Ray Warner as members of the prestigious Institute, reflecting our international firm’s increasing emphasis on cross-border insolvency and restructuring work.”
At Greenberg Traurig, Bloom represents clients in all areas of U.S. and cross-border financial restructuring, reorganization and bankruptcy, including debtors, trustees, secured and unsecured creditors, and official committees and purchasers of troubled companies and their assets, both in and out of bankruptcy court. He was inducted as a Fellow in the prestigious American College of Bankruptcy in 1998 and currently serves on its Board of Directors and as Chair of the American College of Bankruptcy Foundation. He has been listed in The Best Lawyers in America since 1993 and is also listed in Chambers USA Guide and the K&A Restructuring Register of America's Top 100 Restructuring Professionals.