Arthur R. Cormier

Partner / Banking & Finance

Boston Office

617-880-3434

617-692-3434 fax

acormier@riemerlaw.com

Art represents lenders and debtors in connection with loan workouts, corporate restructurings, and Chapter 11 proceedings. He has advised senior lenders, second-lien lenders, and debtors, both in court and out of court, across a wide range of industries, including retail, wholesale, healthcare, automotive, telecommunications, investment management, and energy. He has also represented debtors, creditors, and trustees in bankruptcy litigation, including preferential and fraudulent transfer actions.

In 2006 and 2007 Art was recognized as a "Rising Star" in the field of bankruptcy by Law & Politics and the publishers of Boston Magazine.

Representative Transactions

• Represented agent bank in connection with $30 million debtor-in-possession revolving credit facility for national retail chain
• Represented second-lien lenders owed over $38 million in large retail Chapter 11 case, resulting in full payment
• Represented agent for senior lender group owed over $165 million in out-of-court sale of distressed borrower's assets
• Represented $310 million hospital debtor, concluding with confirmation of Chapter 11 plan and emergence from bankruptcy
• Represented telecom debtor in negotiating and litigating disputes in Chapter 11 case arising from divestiture of a $300 million business unit, resulting in court-approved settlement
• Represented Chapter 11 debtor in objecting to and resolving claims aggregating in excess of $200 million
• Represented Chapter 11 debtor in successful sale of unprofitable division

Publications

Arthur R. Cormier, "Derivative Standing Based on Debtor's Consent Not Recognized," Bankruptcy Bulletin, April 2006.

Arthur R. Cormier, "Foreign Insolvency Proceeding that Discriminates Against US Creditors is Not Entitled to Recognition in the United States," Bankruptcy Bulletin, December 2004.

Arthur R. Cormier, "Prepetition Payments Related to Agreements Later Assumed Under Section 365 or Section 1110 Are Not Recoverable as Preferences," Bankruptcy Bulletin, November 2003.

Arthur R. Cormier, "Provisions Under Confirmed Chapter 11 Plan Trump Conflicting Result Under State Law," Bankruptcy Bulletin, December 2002.

Arthur R. Cormier, "Sixth Circuit Permits Foreign Claimants to be Separately Classified from Domestic Claimants with Similar Claims," Bankruptcy Bulletin, May 2002.

Affiliations

American Bankruptcy Institute

Boston Bar Association

Admissions

Commonwealth of Massachusetts, 1999

U.S. District Court, District of Massachusetts, 2000

Education

University of Virginia School of Law, J.D., 1999

Brandeis University, B.A., magna cum laude, 1994