Peter A. Ivanick

Over the past 30 years, Peter has been involved in some of the most consequential insolvency matters insurers and reinsurers have faced, making him one of the most experienced attorneys in his field and a leader in legal innovation in the industry.

Clients engage Peter because his advice is informed by a unique 360-degree view few of his colleagues can match. He has represented every type of participant in Chapter 11 proceedings, including debtors, committees, lenders, indenture trustees, trustees, and examiners. He also has decades of experience advising debtors, acquirers, reinsurers, and reinsureds in state court insurance rehabilitation and liquidation proceedings.

While known for his detailed knowledge of bankruptcy litigation, Peter's forte is resolving large, complex matters through negotiation and mediation. One of the best examples is his work in the very successful Chapter 11 case of Ambac Financial Group, the parent of the world's second-largest financial guarantor insurer, Ambac Assurance Corp. This long-running case required Peter to combine his Chapter 11 background with his out-of-court restructuring know-how to resolve an US$800 million internal revenue service claim. Negotiations became quite involved as Ambac Financial and Ambac Assurance had significant differences, including competing claims to the ownership of more than US$5 billion in net operating losses.

Peter also represents petitioners and other interested parties connected with English law schemes and foreign insurance insolvencies as they make their way through the bankruptcy court under Chapter 15. He often lectures on bankruptcy and insurance insolvency issues and is consistently included in Euromoney's Guides to Leading World and U.S. Insolvency Lawyers, among other expert guides.

Prior to joining Eversheds Sutherland, Peter was a partner in the Business Restructuring and Insolvency practice of a major global law firm.