PRESS RELEASE
Cross-Practice Duo Combine Forces and Join McDermott to Deliver Enhanced Collaborative Client Service Approach
July 14, 2021
Read time: 5 min
International law firm McDermott Will & Emery announces the addition of Emeka Charles Chinwuba to its Transactions Practice Group and Nexus Sea to its Litigation Practice Group based in New York. Emeka and Nexus provide strategic counsel in the areas of project finance and complex litigation to some of the most esteemed enterprises around the world, including Fortune 500 multinationals and institutions with Africa-based operations.
“In the spirit of continued innovation and truly comprehensive client service, we’re thrilled to add Emeka and Nexus to our Transactions and Litigation teams,” Michael Poulos, McDermott’s Head of Strategy, said. “As we emerge from the pandemic, clients face increased legal hurdles spanning different areas of law. Having collaborated together for years, Emeka and Nexus are a tried and true team, providing streamlined legal counsel addressing cross-practice client needs.”
Nexus and Emeka are founding members of “1844,” an association of African-American lawyers, founded in 2014 as a vehicle to address the challenges of industry representation and to promote collaboration, business development and mentorship. The name ‘1844’ highlights the year the first African-American, Macon Bolling Allen, was admitted to practice law in America. The work of 1844 positively impacts hundreds of diverse law firm summer associates through its annual Summer Associate Panel Discussion, and it similarly benefits middle and high school students through its collaboration with Legal Outreach.
“In addition to superior technical knowledge in their respective practices, Emeka and Nexus are pioneers in the fight to knock down unfair barriers for people of color in the legal industry,” Tony Upshaw, Miami-based Litigation partner and Global Chair of the Firm’s Diversity & Inclusion Committee, said. “The core principles of 1844 align with our commitment to enhance diverse talent in law and leadership, which will be accelerated by these outstanding lawyers,” Tony added. “We’re thrilled they’ve chosen McDermott to continue this important work.”
“We are incredibly excited to join the McDermott team. 1844 was created for moments like this—two members joining forces to deliver best-in-class legal services to shared clients. McDermott’s recognition of this added value is a testament to the Firm’s leadership and strategic vision,” Nexus said.
Nexus and Emeka were both previously elected as President of the Nigerian Lawyers Association at separate points in their careers.
Emeka Chinwuba
Emeka recently received a Congressional Recognition as one of “30 Black Stars” at the Face2Face Africa Conference and Awards. He is a debt lawyer focusing on project finance transactions in the power and infrastructure space, including conventional and renewable energy, acquisition financing transactions and US public-private partnerships. His work has covered complex financing projects in the US, South America, Middle East and Sub-Saharan Africa.
Emeka worked for an extended period in the United Arab Emirates, where he advised on the development and financing of renewable energy projects in the MENA region. He also covers general bank finance transactions, mezzanine and investment grade financings and asset-based lending transactions.
Nexus Sea
Nexus is regularly recognized as a Super Lawyers “New York Metro Rising Star.” He is a seasoned litigator and rising star trial lawyer representing high-profile companies in complex commercial litigation, product liability and financial services matters in both state and federal courts. His clients include Fortune 500 companies, financial institutions and pharmaceutical companies. His practice focus also includes the emerging area of Artificial Intelligence and its impact on existing product liability regimes.
Nexus represented one of Africa’s most prominent business leaders in successfully defeating a trade secret suit seeking damages of at least $1 billion. In addition, he has successfully conducted internal investigations on behalf of financial institutions, including investigating allegations of cross trading on behalf of a New York fund of funds and allegations of officer embezzlement on behalf of a startup cosmetic company.
McDermott continues to expand its ranks, notably adding strength in the Transactions and Litigation Groups. In total, nine litigation partners have joined since 2021; most recently, six transactions partners joined in cities across the US.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
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McDermott Represents the Official Committee of Unsecured Creditors in Chapter 11 Cases of Energy Alloy Holdings
PRESS RELEASE
McDermott Represents the Official Committee of Unsecured Creditors in Chapter 11 Cases of Energy Alloy Holdings
July 12, 2021
Read time: 3 min
International law firm McDermott Will & Emery represented the Official Committee of Unsecured Creditors (the Committee) in the chapter 11 cases of Energy Alloys Holdings, LLC, et al. (the Debtors), which was a privately-owned distributor and reseller of products sold into the oil and gas industry. The Debtors filed chapter 11 in September 2020 after declining business due to decreased demand for their products and the Russia-Saudi Arabia oil price war.
At the outset of the bankruptcy case, general unsecured creditors (owed approximately $38 million) were not expected to receive a recovery, due in large part to the Debtors’ assets being secured by an approximately: (i) $7 million First Lien Credit Facility; (ii) $77 million Second Lien Credit Facility; and (iii) $13 million loan on certain real property. The McDermott team successfully negotiated a carve out for unsecured creditors from the first and second lien lenders. The carve out was included in a global settlement that set the chapter 11 cases on a fast track towards confirmation.
On June 28, 2021, the United States Bankruptcy Court for the District of Delaware entered an order confirming the Debtors’ chapter 11 plan. A liquidation trust will be formed shortly to pursue certain causes of action and wind up the company’s affairs.
The McDermott team was led by Darren Azman and David Hurst and included Gregg Steinman, Darren Yang and Cathy Greer.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
