According to sources:
“One of the preeminent practitioners on the West Coast”
“Exceedingly bright and very capable”

Chambers USA 2020

Peter M. Gilhuly

Los Angeles
  • 355 South Grand Avenue, Suite 100
  • Los Angeles, CA 90071-1560
  • USA

Peter Gilhuly, a nationally recognized practitioner, helps debtors and creditors navigate complex insolvencies, distressed situations, and strategic transactions. As former Global Co-Chair of the Restructuring & Special Situations Practice, he brings over three decades of experience to all his matters.

Mr. Gilhuly regularly represents debtors, buyers, hedge funds, private equity funds, first- and second-lien holders, creditors’ committees, boards of directors, and distressed law firms on a full complement of insolvency issues.

He has led teams that have successfully restructured billions of dollars in debt.

Mr. Gilhuly regularly speaks and writes on insolvency topics, including at Stanford University School of Engineering, Harvard Business School, and UCLA Anderson School of Management and School of Law.

In addition to his commercial work, Mr. Gilhuly has served in a number of senior management roles at the firm. From 2018-2020, he chaired the committee responsible for strategic compensation and promotion decisions related to all Latham associates.


Leading publications, including Chambers USA, The Legal 500 US, and The Deal’s Bankruptcy Insider consistently rank Mr. Gilhuly as a top bankruptcy lawyer, citing clients’ praise for his negotiating and problem-solving skills. He was inducted into the American College of Bankruptcy in 2008.

Debtor Representations

Mr. Gilhuly has represented numerous debtors in workouts, many of which have avoided the need to file for chapter 11 protection. Representative clients include:

  • Allen Systems Group in a large prepackaged bankruptcy
  • BIND Therapeutics in its successful chapter 11 sale to Pfizer resulting in a large equity distribution
  • First Executive Corporation in the largest chapter 11 bankruptcy case in the year it was filed
  • Fresh Direct and its subsidiaries in their out-of-court restructuring
  • Rentech and its affiliates in its chapter 11 case
  • Steakhouse Partners, Paragon Steakhouse Restaurants, and three of their affiliates in chapter 11 cases
  • Traffic Control and Safety and five of its affiliates in chapter 11 cases
  • Wherehouse Entertainment in its chapter 11 reorganization
Bankruptcy M&A

Mr. Gilhuly represents buyers of troubled assets, including buyers in Section 363 sales. Representative engagements include:

  • Kendall-Jackson Wine Estates in its acquisition of the Arrowwood, Freemark Abbey, and Byron wine brands out of the bankruptcy of Legacy Estates
  • Mattel’s acquisition of Fuhu out of bankruptcy
  • Saban Capital’s acquisition of the Saturday morning block of the CW Network out of the 4Kids bankruptcy case
  • Univision’s acquisition of Gawker out of bankruptcy
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