Lillian Stenfeldt is the chair of Sedgwick’s Creditors’ Rights and Bankruptcy Practice Group and represents clients throughout the country in all aspects of insolvency and bankruptcy proceedings and strategy. Ms. Stenfeldt represents secured creditors, hedge funds, creditors’ committees, trustees and receivers. She also represents companies that purchase intellectual property from bankruptcy estates and assists companies in efficiently structuring business transactions and licenses to prevent losses and protect assets due to potential future insolvencies of others.
She has extensive experience in international commercial loan workouts, non-bankruptcy workouts and other out-of-court restructuring of debt. In addition, she structures settlement agreements with financially troubled companies to optimize clients’ recovery of monies due.
Ms. Stenfeldt represents bankruptcy trustees, assignees for the benefit of creditors and state court real estate receivers and various creditors in those types of proceedings. Her clients range from Fortune 100 companies to start-ups.
Ms. Stenfeldt has acted as outside general counsel to several technology and manufacturing organizations, attending board meetings and providing strategic advice to the board.
Currently she serves as counsel to insurers and reinsurers in major bankruptcy cases involving potential asbestos and other mass tort liability around the country. Such engagements include issues involving plan confirmation, class action claims, preferences, policy buybacks, scope and terms of trusts and jurisdictional matters.
Ms. Stenfeldt serves as an arbitrator in complex commercial cases for the American Arbitration Association (“AAA”) (since 2005) and the International Institute for Conflict Prevention and Resolution (“CPR”) in New York City (since 2009). She is a member of CPR’s Executive Advisory Committee and serves on its Banking, Accounting and Financial Institution, Real Estate, Hedge Fund, Trademark and Municipality Arbitration Panels. She has recently been selected to serve on the U.S. District Court Northern District of California Early Neutral Evaluation and Mediation panels.
Ms. Stenfeldt is a long-time advocate for the advancement of professional women in the law and in business. She served as chair of Sedgwick’s Women’s Forum from 2005 to 2013. She is a member of the board of the Women in Law Empowerment Forum (“WILEF”) and served as co-director of WILEF West for two years.
- Represented regional bank with $10 million in debt, secured by mixed collateral in bankruptcy case;
- Obtained insurance policy buybacks in mass tort, asbestos and food poisoning bankruptcy cases;
- Represented conglomerate of business enterprises in the U.S., Europe and Australia in a non-bankruptcy, cross-border workout with $600 million of debt, achieving full payment to all creditors;
- Represented major music entertainment company ($1 billion annual revenue) in non-bankruptcy restructuring of debt, publicly traded bond debt and leasehold interests in the U.S., Europe and Japan;
- Defended Fortune 100 company in $8 million preference litigation;
- Represented food company in analysis and resolution of disputed lien priority with large agricultural enterprise;
- Assisted technology clients in acquisition of intellectual property and patent portfolios from bankruptcy estates and financially challenged companies in the United Kingdom, Germany, Boston, West Virginia and Northern California ($2 million to $10 million valuations);
- Provided strategic advice in structuring key license agreements to Silicon Valley clients;
- Represented financial institution in recovering full repayment of $11 million debt from real estate collateral and guarantees of major real estate developer;
- Represented foreign entities in cross-border transactions and bankruptcy litigation;
- Assisted hedge fund in due diligence for strategic acquisition of assets from large winery bankruptcy estate ($90 million purchase price);
- Represented creditors committee in bankruptcy cases in construction, retail and technology industries;
- Represented healthcare companies in structuring transactions with preferred providers and financings of medical facilities;
- Represented Belgian receiver in the recovery of assets throughout California;
- Provided strategic advice to Silicon Valley corporation on use of bankruptcy to resolve landlord debt;
- Represented receivers of partially completed shopping center and condominium complex through completion and sale of real estate.
- Represented well-known commercial artist in recovering debt and original consigned art from distributors and brokers.
- Recognized as a “Best Lawyer” in America in the areas of bankruptcy and bankruptcy litigation (multiple years)
- Designated among the Top Attorneys in Northern California (2014)
- Designated among the Top Women Attorneys in California (2014)
- Recognized as a statewide “Women Leader in the Law” by The Recorder (2012)
- Designated a “Super Lawyer” (multiple years and 2014)
- Licensed California Real Estate Broker (# 00882228, since 1985)
- Director, Bay Area Bankruptcy Forum
- Director, Women in Law Empowerment Forum (“WILEF”)
- Member, International Association of Insolvency Practitioners (“INSOL”)
- Member, American Bankruptcy Institute (“ABI”)
- Member, International Woman's Insolvency Association (“IWIRC”)
- Past Director, International Turnaround Management Association (“TMA”)
- Past Chair, TMA Awards Committee
- Past Predsident, NorCal TMA
- Currently is raising Beatrice, a Guide Dog for the blind breeder Labrador Retriever
- “A Comprehensive Training in Commercial Arbitration” (faculty), American Bar Association’s Annual two-day Arbitration Training Institute, Washington, D.C. (2014) and Philadelphia (2012).
- From the Litigator’s Side: Selection of Arbitrators and Mediators,” American Arbitration Association,