Michael Shepherd | White & Case LLP International Law Firm, Global Law Practice

Michael Shepherd

Partner, Miami, New York

T +1 305 925 4790

T +1 212 819 8709

E mshepherd@whitecase.com

Michael Shepherd’s practice is focused on business reorganization and restructuring matters, including the representation of debtors in possession, creditors committees, equity security holders and institutional creditors.


Michael Shepherd focuses on complex business restructuring and reorganization matters.

He offers clients the benefit of his significant experience in this field, representing institutional creditors and bondholders, as well as strategic investors and acquirers of distressed assets. Tenacious in his defense of his clients' interests, Michael has also developed a strong track record of representing troubled companies as debtors in possession.

Combining broad sector knowledge with a deep understanding of insolvency matters, Michael is an essential asset for clients faced with the most challenging of bankruptcy proceedings. He demonstrated these talents while acting as counsel to Centaur Gaming and its affiliates, in their successful chapter 11 reorganization. Michael's skill at guiding clients through the legal intricacies of multijurisdictional deals was also showcased during his representation of Global Safety Textiles in their complex cross-border restructuring, and of BTA Bank in its chapter 15 proceeding.

Michael's creative, cutting edge approach to reorganization and restructuring matters is based both on his significant track record at White & Case, as well as the valuable legal experience he gained before joining the Firm. This includes his service as law clerk for the Honorable S. Martin Teel, Jr., of the United States Bankruptcy Court for the District of Columbia, and for the Honorable William F. Stone, Jr., of the United States Bankruptcy Court for the Western District of Virginia.

Bars and Courts

  • New York State Bar
  • Florida State Bar
  • Virginia State Bar
  • US District Court for the Eastern District of Virginia
  • US Bankruptcy Court for the Western District of Virginia
  • US Court of Appeals for the Fourth Circuit


  • JD, Washington and Lee University School of Law


  • English


BTA Bank, 2012

Michael represented BTA Bank in the restructuring of US$11.1 billion of financial indebtedness. The restructuring involved the cancellation of bonds previously issued in connection with BTA's last restructuring, in consideration of which creditors where paid US$1.6 billion in cash and issued US$750 million new notes and shares and GDRs of BTA Bank. BTA's revolving committed trade finance facility was also amended to extend the maturity of the legacy loan. BTA's principal shareholder, Samruk-Kazyna, had US$1.2 billion of deposits with BTA converted into equity and provided a US$1.6 billion subordinated loan to BTA.

Speaking Engagements

"Priorities in Future Insolvency Claims", May 21, 2013: INSOL 2013 Quadrennial Conference, The Hague, Netherlands


  • Bloomberg Law on Bankruptcy, 2014, forthcoming, (contributing author)