Finding business solutions to complex, multi-party distressed situations
Ocean Boulevard Strategic Advisors (OBSA) is a results-driven strategic financial advisory and related services firm.
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Meet Jeff Marwil, Strategic Advisor
His success in leading troubled businesses and their lenders to both consensual and litigated resolutions is attributable to his keen business and financial acumen. This is coupled with his practical and sophisticated commercial business advice to find solutions to the myriad of issues raised in complex multiparty restructurings and chapter 11 cases.
Utilizing unique strategies and his skilled negotiating style, Mr. Marwil has achieved swift and effective resolutions to complex matters, cases and situations, resulting in value maximizing results for clients.
"We support borrowers, lenders and investors in resolving complex, multi-party capital structure challenges."– Jeff Marwil
Business advisory, fiduciary and strategic transactions services
Initial assessments of distressed situations
Decisionmakers hire us to provide initial assessments of potential paths forward with a focus on value preservation and maximization.
Sophisticated financial advisory services to senior management and boards of directors
We specialize in advising borrowers with strategy and financial challenges to develop strategies for resolution of issues and disputes among constituents in complex, multi-party capital structures.
Serves as an independent fiduciary
Jeff Marwil will join boards of directors as an independent voice to add credibility and independent business judgment in making strategic business decisions and implement best practices in corporate governance.
Investment banking services in collaboration with SC&H Group
Jeff Marwil is a senior advisor to SC&H Group's restructuring investment bankers, providing senior level insights, drawing on his 37-year career as a corporate restructuring and bankruptcy lawyer.
Jeff Marwil focuses on “big picture” results with particular attention to details
With 37 years of experience with the AmLaw 50 leading workouts, corporate restructurings and large chapter 11 cases, Jeff is extending his career and pursuing his long-time fascination with the business side of distressed businesses and investing.
With the economic storm building on the horizon, Mr. Marwil is focused on applying his corporate restructuring and bankruptcy experience to a different platform, while continuing to work on complex corporate restructurings, workouts and chapter 11 cases.
Mr. Marwil's experience as a corporate restructuring and bankruptcy lawyer brings value to distressed situations as a trusted strategic advisor.
General Biography Independent Director Services
Leading troubled businesses and their lenders to both consensual and litigated resolutions in complex matters, cases and situations, resulting in value maximizing results for clients.
Holding leadership positions in sophisticated, successful bankruptcy and restructuring practices in law firms: Katten Muchin, Jenner & Block, Winston & Strawn, and Proskauer.
Performed roles in some of the highest-profile chapter 11 bankruptcy cases in the United States, providing sophisticated strategic advice to companies in distress, both public and private.
Collaborate with and gain consensus among stakeholders, manage complex transactions and restructurings, and navigate corporate governance issues and disputes.
"With 37 years of practicing law I have developed a skillset of nurturing long-term client relationships and the trust that comes with it."– Jeff Marwil
Representation of clients in diverse and complex client matters
Represented MGG Investments in its $200 million senior secured loan to SMV, which loan is guaranteed by SMV’s principal, Jaqui Safra.
Following an unplanned, free fall chapter 11 filing, developed and implemented a sale process for the vineyard, supported by a DIP loan, and removal of pre-filing fiduciaries in favor of an independent fiduciary to prosecute the chapter 11 case.
Substantially all of the Debtor’s assets were sold to MGG via credit bid, following a robust Section 363 sale process that spanned more than 120 days.
Represented the iconic New York-based, 13-store chain that sells off-price clothing and accessories, leading their restructuring efforts.
The chain of stores was temporarily closed between March and June 2020 as a result of COVID-19, and the restructuring/liquidation needs and efforts are directly related to and a direct result of the pandemic and the government-ordered shutdowns, as well as a disputed $175 million business interruption insurance claim, which is now being litigated.
Served as debtor’s counsel in the prepackaged chapter 11 bankruptcy of Hospitality Investors Trust, a 101 hotel REIT.
The chapter 11 plan provided for conversion of preferred stock to 100% of the common equity, and distributed contingent value rights to the prefiling (old) common equity holders.
Represented the Chapter 7 Trustee overseeing the liquidation of one of the nation’s largest for-profit colleges, ITT Technical Institute, which had, prior to closing, 139 locations in 48 states.
Closely following the closure of ITT Tech in early September, Mr. Marwil was enlisted as the Trustee’s general bankruptcy counsel He assisted the Trustee in responding to regulatory actions brought by the U.S. Securities & Exchange Commission, the Consumer Finance Protection Bureau and various state attorneys general. He pursued fraudulent conveyance and preference avoidance actions and other claims against certain of ITT students’ former lenders, the Department of Education and other third parties. He also represented the Trustee in defending, and ultimately settling, a $1.5 billion ITT students’ class action lawsuit.
Served as debtors’ counsel to MAG, a national integrated distributor of aftermarket motor sports products which filed a pre-arranged chapter 11 case in Delaware.
MAG merged expected to emerge from its chapter 11 case within 140 days after the petition date.
Served as debtor’s counsel to The Budd Company, a former supplier to the automotive industry, which filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Illinois in March 2014.
The company, which ceased manufacturing operations in 2006, had obligations consisting largely of medical and other benefits to approximately 10,000 retirees and environmental and asbestos liabilities. The complex case involved multiple other constituents.
Served as co-debtors’ counsel in the chapter 11 bankruptcy of EFH, the largest generator, distributor and certified retail provider of electricity in Texas.
With more than $49 billion in liabilities and $36 billion in assets, EFH and its affiliated debtors’ chapter 11 cases are the largest operating chapter 11 cases ever filed in Delaware and the seventh largest chapter 11 cases filed.
Represented Ocala Funding, which was a wholly owned subsidiary of Taylor Bean & Whitaker Mortgage Corp., in its chapter 11 case.
Taylor Bean created and then subsequently operated the special-purpose entity subsidiary that was a conduit that purchased its home loans and bundled them into securities, which it then sold to Freddie Mac and other investors. It funded the mortgage loan business by selling $1.75 billion of asset-backed commercial paper short-term notes to Deutsche Bank and the mortgage subsidiary of BNP Paribas.
Deutsche Bank bought about $1.2 billion of the notes, and BNP had purchased about $480.7 million. Taylor Bean, once the largest mortgage lender in the U.S. not owned by a deposit-taking bank, sought bankruptcy protection in August 2009 in the U.S. Bankruptcy Court for the Central District of Florida after federal law enforcement raided its headquarters. Prosecutors discovered a fraud scheme and eventually secured several lengthy prison sentences for its executives.
Appointed as a Receiver for the failed hedge funds and then as the sole fiduciary for the debtor-in-possession in Bayou’s chapter 11 case.
Devised and implemented a “clawback” litigation strategy to recover payments to certain investors in order to effectively equalize the harm to all investors that resulted from the Ponzi Scheme fraud.
Contact Jeff if you are in need of sophisticated business advice in complex, distressed situations
Mr. Marwil collaborates and gains consensus among stakeholders, with a deep capacity for managing complex transactions and restructurings. He successfully navigates corporate governance issues and disputes, arriving at solutions quickly and effectively with involved parties.
