 Marc L. HamroffPartner T: (516) 873-2000 Ext. 231 |
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Marc L. Hamroff joined the firm in 1983 and became a name partner in 1989. He currently serves as the firm’s Managing Partner. Mr. Hamroff heads the firm’s Financial Services Practice which includes the Bankruptcy, Equipment Leasing, Secured Lending and Creditors’ Rights Groups. He provides special concentration in litigation, workout and bankruptcy matters nationwide. The firm presently represents official and unofficial groups and committees of lessors and lenders in complex workouts both in and out of Chapter 11 cases including the representation of the bank group in connection with a failed national vehicle lessor. By example, Mr. Hamroff represented a multi-national asset based lender in the successful equity participation following a structured bid to acquire a biotechnology company in a highly contested Delaware Chapter 11 case and is currently heading up the restructure, turnaround and bankruptcy exit strategy for various healthcare workouts including DIP lending, cash collateral structures and asset sales of assisted living facilities, nursing homes and regional hospitals.
In his capacity as head of the Financial Services Group, he has spearheaded the representation of secured lenders, banks, and lessors in a wide range of transactions. These include the closing of asset based lending transactions, the formation of a captive finance company of a national publicly-owned systems integrator/manufacturer together with the creation of the core loan and finance documentation package, the purchase and sale of loan and lease portfolios, and preparation of funding and dealer finance transactions.
In 2009, Mr. Hamroff led the team in confirming the Plan in the Chapter 11 cases of Dial-A-Mattress and 1 800 Mattress.com which provided for the successful sale of the companies’ assets to Sleepys pursuant to Section 363 of the Bankruptcy Code.
In one of the first Chapter 11 cases ever filed in New York by a timeshare resort, Mr. Hamroff successfully represented the mortgage lender in the widely publicized Chapter 11 case of In re Gurneys Inn Resort & Spa, Ltd., 215 B.R. 658 (Bankr. E.D.N.Y. 1997).
Mr. Hamroff works closely with the firm’s Litigation Group and actively handles a wide variety of commercial litigation cases including shareholder disputes, injunction and attachment proceedings, construction litigation and restrictive covenants. He recently settled five years of contentious litigation over buyouts among many prominent New York closely held real estate and construction companies.
Mr. Hamroff regularly provides educational and strategic seminars on a multitude of issues affecting the leasing and secured lending community. Recently, he led a web based seminar for the Equipment Leasing Association, entitled, ‘What Are You Financing?’ focusing on bundled financing techniques and financing balance sheet driven collateral. He publishes the firm’s Financial Services Alert Newsletter, and currently serves on the Board of Editors of Leader’s Equipment Leasing Newsletter, where he authored a two-part article on New York’s new security deposit law affecting the leasing industry (August and October 1997), and a number of other articles on various topics, including the pending federal bankruptcy legislation (October 1998), environmental laws affecting leasing companies (2000) and bankruptcy asset sales (2002). He also co-authored an article on bundling transactions (January 2009) for the Equipment Leasing and Finance Foundation’s Journal of Equipment Lease Financing.
In addition, Mr. Hamroff also serves as an adjunct professor of law at Hofstra University School of Law where he currently teaches Secured Transactions: UCC Article 9 and related matters.
In March 2010 he was one of a few select practitioners who served on the 2nd Circuit’s three day symposium on the U.S. bankruptcy system for the touring judges from the People’s Supreme Court of China.
Education
Hofstra University School of Law, J.D. 1983
University of Florida, B.S. 1980 (Economics)
Admissions
Mr. Hamroff is admitted to practice in New York and the District of Columbia.
Affiliations
Mr. Hamroff is a member of the New York State Bar Association. He is also a member of the Bankruptcy Committee of the New York and Nassau County Bar Associations, a member of the American Bankruptcy Institute, Turnaround Management Association, Vehicle Leasing Association, National Equipment Finance Association and Equipment Leasing & Finance Association. He is a member of the Board of Directors of the American Heart Association-Long Island Division where he currently serves as its Vice-Chairman. He is also a past board member of the Long Island Council on Alcoholism & Drug Dependence.
Mr. Hamroff received the 2006 Equipment Leasing and Finance Association’s Distinguished Service Award in recognition of his outstanding commitment to fostering the growth and development of the equipment finance industry. In addition, he is a past Chairman of the Legal Committee for the EAEL and past member of the Legal Committee of the Equipment Leasing Association.
Recognitions
2010-Honoree-American Heart Association Development Achievement Award
2009-50 Around 50 Award Long Island Business News
2006-Equipment Leasing & Finance Association (ELFA) Distinguished Service Award