Jennifer Pastarnack Joins Sullivan in New York to Head the Firm's Global Debt & Claims Trading Practice

04.02.2020 | Press Release

International law firm Sullivan & Worcester announced today that Jennifer Pastarnack has joined the firm as a partner to lead its firmwide Global Debt & Claims Trading practice in New York, expanding Sullivan’s offerings of corporate, bankruptcy and restructuring services in the United States and in London.

“At Sullivan, client relationships are at the core of our success. Jennifer brings that same client-focused, value-driven mentality to her practice. She has tremendous experience in a specialized area of the markets our domestic and international clients are interested in,” said Joel Carpenter, managing partner of the firm. “She is a great fit and we’re pleased that she’s chosen Sullivan as her new professional home.”

Pastarnack works with hedge funds, investment banks and asset managers in trading the debt of financially distressed companies in domestic and cross-border transactions in the secondary market. She is well-versed in all aspects of the investment life cycle for claim trades including diligence reviews, claim evaluation and structuring, and has provided counsel on a broad mix of complex regulatory, legal and commercial matters, including U.S. federal securities laws. She joins Sullivan from Clifford Chance, prior to that she was with Kramer Levin Naftalis & Frankel.

“Sullivan has the dynamic platform I wanted for the next stage of my career,” Pastarnack said. “The firm has outstanding legal talent, is an entrepreneurial, forward-thinking organization, and recognizes the importance of investing in technology to better serve our clients.”

Sullivan is a member of the Loan Syndications and Trading Association, Inc., the trade association for the U.S. debt industry, and the Loan Market Association, the trade association for the European debt trading industry. Pastarnack will be working closely with the firm’s Chambers-ranked Bankruptcy & Restructuring group.

“Jennifer is an excellent lawyer whose experience in the debt and claims trading area is unique among our peers and will allow us to expand the services we provide to our existing fund and bankruptcy clients,” said Jeffrey Gleit, head of the Bankruptcy & Restructuring group.

As a pro bono advocate, Pastarnack successfully co-represented a client in a Special Immigration Juvenile Status immigration case in Brooklyn Family Court. In October 2019, she published an article in the New York Law Journal entitled “Bankruptcy Trade Claim Market: The Dangers of Claim Trading Platforms and Automated Contracts” and was featured in a lengthy Corporate Counsel Business Journal article in May, 2019, that shared Jennifer’s unique approach to client relationships and business generation. Pastarnack earned her J.D. cum laude at New York Law School and received her B.S. from Cornell University in Labor and Industrial Relations.

About ZAG / Sullivan
ZAG / Sullivan (Zysman, Aharoni, Gayer & Co.) is an international law firm with offices in Israel, the United States, China, and the United Kingdom. The firm’s attorneys specialize in all disciplines of commercial law for both publicly held and private companies, with particular expertise in high-tech, life sciences, international transactions, and capital markets. ZAG / Sullivan provides result-driven legal and business advice to its clients, addressing all aspects of the clients’ business activities, including penetration into new markets in strategic locations. In recent years, the firm has acted on a majority of the equity and debt financing transactions by Israeli technology companies on the NASDAQ. It has been the firm’s experience that the best results, those that give our clients the competitive advantage they need, are attained by coupling professional experience, global presence, and connections with the investor communities in Israel and abroad.

Adva Herrmann