FacultyFaculty/Author Profile

Karen Ostad

Morrison & Foerster LLP

New York, NY, USA


Karen Ostad is a partner in the Bankruptcy and Restructuring Practice Group of the New York office of Morrison & Foerster LLP. Ms. Ostad has extensive experience in representing significant stakeholders in large and complex U.S. and multinational insolvency proceedings, including Chapter 11 and Chapter 15 proceedings, and out of court restructurings of distressed companies.  She advises on both the corporate and litigation aspects of restructurings. Ms. Ostad has been recognized for her precedent-setting work in the cross-border restructuring area, most recently by The Deal in an article entitled "Breaking Ground."

Ms. Ostad is a member of the Panel of Mediators of the United States Bankruptcy Court, Southern District of New York. She speaks regularly on issues of corporate restructuring and insolvency. She is a member of the faculty of the Practising Law Institute's Bankruptcy Skills courses and has been a speaker and author on topics of insolvency law and creditors' rights. Additionally, she is a member of the American Bankruptcy Institute, the Creditors' Rights and Insolvency Committee of the International Bar Association, and the Corporate Restructuring Subcommittee of the Association of the Bar of the City of New York. She is admitted to practice in the states of New Jersey and New York.
Ms. Ostad is proficient in French, Persian and German.

Education

  • New York University (B.A., 1985)
  • New York Law School (J.D., 1988)

Notable and Recent Transactions

  • Representing major players in real estate related bankruptcies and restructurings in the homebuilder, hotel and commercial sectors;
  • Representing liquidators and creditors of insolvent hedge funds, insurance companies and other financial institutions;
  • Representing U.S. and foreign providers and financiers of automotive, telecommunications, energy, aircraft, equipment, technology and other goods and services in protecting their rights as creditors;
  • Advising foreign representatives and creditors in Chapter 15 proceedings and multinational insolvency and restructuring issues;
  • Advising companies and their creditors on credit risks and trading issues relating to commodities contracts and derivatives;
  • Advising parties in the purchase and sale of distressed assets;
  • Advising companies on the structuring of commercial transactions to minimize counterparty default risks.
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