Sullivan appoints head of Global Debt and Claims Trading practice in New York

International law firm Sullivan & Worcester has appointed Jennifer Pastarnack as a partner to lead its firmwide Global Debt and Claims Trading practice in New York.

“At Sullivan, client relationships are at the core of our success. Jennifer brings that same client-focused, value-driven mentality to her practice. She has tremendous experience in a specialised area of the markets our domestic and international clients are interested in,” says Joel Carpenter, managing partner of the firm. “She is a great fit and we’re pleased that she’s chosen Sullivan as her new professional home.”

 
Pastarnack works with hedge funds, investment banks and asset managers in trading the debt of financially distressed companies in domestic and cross-border transactions in the secondary market. She is well-versed in all aspects of the investment life cycle for claim trades including diligence reviews, claim evaluation and structuring, and has provided counsel on a broad mix of complex regulatory, legal and commercial matters, including US federal securities laws. She joins Sullivan from Clifford Chance, prior to that she was with Kramer Levin Naftalis & Frankel.
 
“Sullivan has the dynamic platform I wanted for the next stage of my career,” says Pastarnack. “The firm has outstanding legal talent, is an entrepreneurial, forward-thinking organisation, and recognises the importance of investing in technology to better serve our clients.”
 
Sullivan is a member of the Loan Syndications and Trading Association, Inc, the trade association for the US debt industry, and the Loan Market Association, the trade association for the European debt trading industry. Pastarnack will be working closely the firm’s Chambers-ranked Bankruptcy & Restructuring group.
 
“Jennifer is an excellent lawyer whose experience in the debt and claims trading area is unique among our peers and will allow us to expand the services we provide to our existing fund and bankruptcy clients,” says Jeffrey Gleit, head of the Bankruptcy & Restructuring group.