Paul, Weiss, Rifkind, Wharton & Garrison hired Paul M. Basta as co-chairman of the bankruptcy and corporate reorganization department in the New York office. Basta will advise debtors, creditors and investors in complex restructurings in and out of court.

“We are thrilled to welcome one of the nation’s most accomplished and respected restructuring lawyers to our firm,” said Paul, Weiss chairman Brad S. Karp. “The addition of Paul enhances the preeminence and breadth of our bankruptcy practice and fits squarely into our strategic plan.”

“We have worked extensively with Paul over the years and admire the quality and depth of his work and his unwavering commitment to clients,” said Alan W. Kornberg, chairman of the Bankruptcy & Corporate Reorganization Department. “Paul’s broad experience advising debtors, creditors and investors complements our team and further strengthens our diverse restructuring practice.”

“I am excited to join Paul, Weiss’s world-class bankruptcy practice,” Basta said. “I have long admired the firm’s team of professionals. It is a perfect fit for me.”

For over two decades, Basta represented both debtors and creditors in Chapter 11 cases, along with private equity clients in regards to their distressed portfolio companies.

Basta’s company-side representations have included A&P Supermarkets, Barneys New York, Caesars Entertainment, Charter Communications, Global Crossing, Hawker Beechcraft, Linn Energy, Longview Power, MoneyGram, Reader’s Digest, Sabine Oil & Gas and Samson Resources, among many others. His creditor representations included Nextel International, Roust and Six Flags, among many others.

Paul, Weiss, Rifkind, Wharton & Garrison is a firm of more than 900 lawyers with diverse backgrounds, who provide solutions to their clients’ complex legal and business challenges.