Thomas Salerno works in the Bankruptcy and Creditors’ Rights practice at Stinson Leonard Street. He represents distressed companies, acquirers and creditors in financial restructurings and bankruptcy proceedings, pre- and post-bankruptcy workouts, and corporate recapitalizations.
Thomas works with clients from an array of industries: casinos, resort hotels, real estate, high-tech manufacturing, electricity generation, agribusiness, construction, health care, airlines and franchised fast-food operations.
Managing a global roster of clients, Thomas has been involved in restructurings in the United States, the United Kingdom, Germany, France, Switzerland and the Czech and Slovak Republics.
Additionally, Thomas has represented parties in insolvency proceedings in 30 states and five countries. He headed the U.S. delegation advising the Czech government in the historic revamping of its bankruptcy law and advised the Dominican Republic and Costa Rica on updating their respective insolvency laws. He was a member of the UNCITRAL working group on its Insolvency Law Reform Project and has served as an expert witness on U.S. insolvency law in litigation in Germany. Thomas also teaches Comparative International Insolvency at the University of Salzburg.
Thomas represented Coyote Hockey LLC, owners of the Phoenix Coyotes of the National Hockey League (NHL), in historic bankruptcy proceedings that resulted in an unprecedented solution: the NHL purchasing one of its own teams for the first time in the league’s 90-year history.