Giorgio Bovenzi leads Haynes and Boone's Global Credit Risk Management practice and advises clients on commercial, banking, and insolvency law in the context of financial market transactions, providing analysis and implementation of arrangements designed to mitigate credit risk and adverse regulatory capital implications across multiple jurisdictions. He recently expanded the scope of his practice to include digital assets and their credit and regulatory implications. The value of Giorgio's counsel derives from more than 25 years of experience in credit, banking, regulatory, derivatives, and insolvency law in multiple jurisdictions around the world. Prior to joining the firm in 2019, he practiced at Skadden, Davis Polk, and Dentons.

Chambers notes that Giorgio "is particularly recommended for his extensive knowledge of global banking laws" and cites a client who describes him as "a very focused lawyer who's very highly regarded by financial institutions." Other clients state that Giorgio "is very good to work with and excellent at finding solutions" and offers a "good depth of knowledge across a number of jurisdictions" (Chambers USA, Nationwide, 2020-2021 (Chambers and Partners)).

Global bank and fintech clients seek Giorgio's advice in the cross-border structuring of their financial products for the global markets (e.g., prime brokerage, margin lending, derivatives, securities lending, repos, asset custody) and in the evaluation of the credit risk represented by the specific product and/or the bank's counterparty. Giorgio is well known for his familiarity with credit risk mitigation techniques (e.g., collateralization and setoff/netting) and the insolvency laws of a large number of foreign jurisdictions. Clients also benefit from his longstanding work relationships with country counsel from more than 90 jurisdictions worldwide, which enable him to deliver coordinated results and seamless, uniform counsel across multiple jurisdictions.

Giorgio has also represented global financial institutions and multi-national debtors in complex U.S. and non-U.S. plenary and ancillary insolvency matters, and in multi-jurisdictional out-of-court restructurings where his hands-on understanding of the enforceability of foreign collateral and key aspects of local insolvency proceedings played a critical role.

In the Legal 500 directory, clients describe Giorgio as "knowledgeable, professional and responsive," praising his "comprehensive understanding of both the industry and the related legal issues" and his ability to "reconcile common law legal concepts and continental law legal concepts in a practical manner." One client enthused that "his understanding of legal systems around the world enables him to distill immense amounts of information into a pragmatic solution." Other clients describe him as a "top-notch" and "thoughtful and solutions-oriented" team leader who provides a "very impressive service," adding that Giorgio is "unique in his 'understanding of the regulatory and risk management concerns of banks and ability to produce multi-jurisdictional solutions'" (The Legal 500 USA, Nationwide, 2017-2021 (Legalese)).

Bar Admissions
New York, 1996; Italy, 1991

Education
LL.M.-C.J., New York University School of Law, 1995
J.D.-equivalent, University of Naples Federico II School of Law, 1988

Significant Accomplishments
Chief advisor of major global banks in multibillion U.S. and International prime brokerage platforms, leading and coordinating with country counsel from more than 60 jurisdictions on (i) the analysis of banking and finance and cross-border insolvency laws relating to collateralization of various asset types and derivatives products, (ii) credit risk mitigation strategies for multi-jurisdictional cross-product netting and collateral platforms, and (iii) multi-jurisdictional legal opinions.

Chief counsel in the restructuring of $13 billion commercial paper program for one of the seven "supermajor" oil companies in the world, requiring the assessment of the credit risk profile of a major global bank and the credit risk represented by the applicable bank resolution regimes in multiple jurisdictions.

Represented the German Insolvency Administrator for Maple Bank GmbH in its U.S. Chapter 15 proceeding.

Co-lead counsel to the leading Japanese memory company in its Chapter 15 cross-border insolvency proceeding and landmark U.S. recognition of the Japanese plan of reorganization that enabled the multi-jurisdictional $6 billion combination with a leading U.S. memory company, creating (at the time) the second largest memory company in the world.

Cross-border insolvency strategist in $600 million debt restructuring for a leading onshore drilling and oil field services provider in South America and Central America and its subsidiaries incorporated in 15 jurisdictions.

Contingency planning advice to global financial institutions and corporates with respect to counterparties' cross-border insolvency risks.

Advised the Federal Reserve Bank of New York in connection with secured financings for AIG's subsidiary International Lease Finance Corporation and $17.5 billion collateral package represented by aircraft registered in 33 jurisdictions.

Some of the matters were handled by Giorgio prior to joining Haynes and Boone.

Professional Associations

• International Bar Association
  
• INSOL International

Professional Activities and Experience
Dentons US, LLP (2014-2019)
Davis Polk & Wardwell LLP (2005-2014)
Skadden, Arps, Slate, Meagher & Flom LLP (1996-2001)