Daniel Glosband has been selected to receive the International Insolvency Institute’s Outstanding Contributions Award for 2022. This award recognizes an individual who reflects prominent, distinguished and exceptional service to the field of insolvency and to the insolvency community. Previous winners include an esteemed group of judges, professors and leading practitioners.
“For over 50 years, Dan Glosband has been a trailblazing lawyer, innovator and educator who has been at the forefront of some of most important developments in the international insolvency field,” said Michael H. Goldstein, Chair of Goodwin’s Financial Restructuring practice. “This award is a fitting testament to Dan’s professionalism, contributions to the development of insolvency law, and the respect earned from peers around the world. My colleagues and I join in congratulating Dan for being selected to receive the Outstanding Contributions Award this year by the International Insolvency Institute.”
Mr. Glosband is currently of counsel in Goodwin's Financial Industry and Financial Restructuring practices. Since his retirement as an equity partner, he has narrowed his focus to cross-border insolvency and reorganization. Mr. Glosband currently represents parties in Chapter 15 cross-border cases and provides expert testimony to foreign courts.
Among his notable career matters, Mr. Glosband represented the joint owners of the Seabrook nuclear plant in Chapter 11 proceedings of the Public Service Company of New Hampshire in the U.S. Bankruptcy Court for the District of New Hampshire, and the Chapter 11 debtors General Cinema Corporation, Arthur D. Little, Inc. and The Educational Resources Institute Inc., a guarantor of over $20 billion in student loans, before the U.S. Bankruptcy Court for the District of Massachusetts. A truly global figure, he has also represented foreign liquidators and scheme administrators in cases under former section 304 and Chapter 15; U.S. parties in connection with foreign insolvency cases; and submitted expert opinions to the courts of England, Bermuda, Hong Kong and Ireland.
Mr. Glosband was selected as a fellow in the first class of the American College of Bankruptcy in 1990, and is a founding member of the International Insolvency Institute. He is Chair of the International Aspects Committee of the National Bankruptcy Conference and chaired the ABA International Insolvency Committee, the International Committee of the ACB, and the Bankruptcy Committees of the Massachusetts and Boston Bar Associations. Mr. Glosband was the head delegate of the International Bar Association to UNCITRAL Working Group V where he and University of Texas professor Jay Westbrook served on the “small drafting group” that drafted the Model on Cross-Border Insolvency. They went on to be the primary drafters of Chapter 15 of the Bankruptcy Code.
The International Insolvency Institute is a non-profit, limited-membership organization dedicated to advancing and promoting insolvency as a respected discipline in the international field. Its primary objectives include improving international co-operation in the insolvency area and achieving greater co-ordination among nations in multinational business reorganizations and restructurings.
Mr. Glosband will be honored during the Legendary Dinner at the Institute’s twenty-second Annual Conference, which is being held this year in Toronto from September 6-7.