David co-heads the firm’s Special Situations and Alternative Investment Practice and advises clients on a wide range of financial restructuring, distressed mergers and acquisitions and other private capital solution matters. He also leads the firm’s Distressed Debt & Claims Trading team, which provides advice in connection with U.S., European and emerging market debt, claims and complex secondary portfolio trading. He also represents private credit lenders and traders in connection with a variety of restructuring and loan-to-own transactions. David is a member of the firm’s opinion committee and is often called upon to advise clients on debt trading compliance and the asset and entity isolation aspects of structured finance and digital asset transactions.

David is a seasoned counselor who was cited by the founder of Octus (formerly Reorg Research) as “undoubtedly one of the best in the field at what he does, making sure funds and their investments are protected.”

Education

  • Fordham University School of Law (J.D., 1999)
    • Cornell University (B.S., 1996)
      • University of Denver, Daniels College of Business (Energy Finance Certificate)

        Bar Admission

        • New York

        Court Admissions

        • U.S. District Court, Southern District of New York

        Professional Affiliations

        • Loan Market Association
        • Loan Syndications and Trading Association
        Publications
        All Publications
        IEEPA Refund Portal Opens on April 20: What Importers Should Know About Filing, Timing and Liquidity Options
        Key Takeaways U.S. Customs and Border Protection (CBP) will launch Phase 1 of CAPE on April 20, giving many importers their first access to the ACE-based path to request IEEPA duty refunds. More complicated entries – including those involving certain AD/CVD orders, protests, drawback, reconciliation and liquidated entries that are more than 80 days past liquidation – remain outside Phase 1 or will follow a different timeline. Importers and brokers should act now to confirm ACE portal access, ACH/electronic refund enrollment, U.S. bank account information and entry eligibility before submitting CAPE declarations. CBP also has made clear that filers may not initiate an IEEPA refund request through a Post Summary Correction (PSC). Timing of refund declaration processing will vary. For many standard accepted entries, CBP
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        Mid-market distressed debt: Preparing for the next downturn
        David Karp, along with several other industry experts, joins Debtwire to examine how direct lending funds, BDCs and other nonbank lenders are preparing for a potential economic downturn and mounting stresses across the private credit market. Industry participants warn that rapid growth, increased competition and weaker underwriting standards may leave many lenders vulnerable, particularly those lacking workout infrastructure and experience. While some firms are strengthening underwriting and liquidity strategies, uncertainty remains around how effectively the market will manage distressed assets and who will step in to provide liquidity during the next cycle.
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