Ms. Takvoryan is a partner providing comprehensive legal representation and advice in a wide range of areas to businesses in various industries. She now has over fifteen years of broad corporate transactional and restructuring experience.
After practicing at top-tier law firms such Levene, Neale, Bender, Yoo & Brill, LLP and Landau, Gottfried & Berger LLP for nine years, Ovsanna Takvoryan’s entrepreneurial spirit kicked in and she founded a boutique firm, Takvoryan Law Group, APC in 2009.
Ms. Takvoryan handles all aspects of corporate transactions, ranging from forming new business entities to representing established companies through complex financing transactions, asset purchase agreements, mergers and acquisitions, and operating and shareholder agreements. Ms. Takvoryan also has extensive experience structuring, negotiating, and drafting a wide range of complex agreements, analyzing and interpreting contracts and providing legal advice on potential risks and issues in a wide range of legal areas. Ms. Takvoryan has represented clients in various industries including, but not limited to, entertainment, retail, real estate, technology, and manufacturing.
Ms. Takvoryan specializes in corporate restructuring and in litigation and transactional aspects of Chapter 11 reorganization. Ms. Takvoryan represents debtors, official unsecured creditors' committees, Chapter 7 Trustees, and trustees in Chapter 11 business as well as individual cases and bankruptcy litigation proceedings. Ms. Takvoryan also represents creditors in their disputes against distressed and bankrupt companies as well as in disputes between secured and unsecured creditors in Chapter 11 reorganization cases. Ms. Takvoryan handles all aspects of Chapter 11 litigation and transactional matters from inception of the case through and following confirmation. Ms. Takvoryan also undertakes improper asset transfer investigations and asset recovery litigation and negotiates and prosecutes mass avoidance actions. As restructuring counsel, Ms. Takvoryan negotiates and documents various types of transactions and agreements including but not limited to distressed financing agreements, asset sales, mergers, and acquisition agreements.
Ms. Takvoryan has represented debtors in such cases as: Nicola International, Inc. (Los Angeles, California), the largest importer of Mediterranean tree-ripened olives in the United States -resulted in a successful reorganization through a confirmed Chapter 11 plan; Academy Event Services, LLC (Los Angeles, California), a leader in the tenting and structure service industry, provided tenting and related services for the U.S. Open, Kentucky Derby, Super Bowl, Academy Awards, Grammy's, World Cup, PGA championships, Grand Prix, Presidential inaugurations, and countless movie premiers and grand openings - achieved a successful sale of the company; Intervisual Books, Inc. (Los Angeles, California), creator, producer, and distributor of interactive, educational and novelty books for children - involved a Section 363 auction sale, which resulted in competitive bidding and an extremely successful outcome, where all secured, administrative and priority debt was paid in full, and general unsecured creditors have received more than 65% of their debt paid; Small World Toys (Los Angeles, California) toy distributor for 45 years, whose proprietary brands include IQ Baby®, IQ Preschool®, Ryan's Room®, Gertie Ball®, Small World Living, Puzzibilities®, All About Baby®, Neurosmith® and ImagiiX™ - achieved a successful sale of the company.
Ms. Takvoryan has also represented official creditors’ committees in such cases as: Resort Theaters of America, a regional chain of movie theaters; Boston Market (Boston West, LLC), a large chain of fast food chicken eateries; Rampage Retailing/Clothing, a fashion-retailing business; Lumenyte International Corp., a business involved in the manufacture and wholesale of fiber optical materials - successfully negotiated the increase of monies to paid to creditors by an outside buyer from an estimated $.10 per dollar over two years to an estimated return of over $.50 per dollar.
Ms. Takvoryan also represented TBS Foods, Inc., in the purchase of 21 Jack in the Box locations (a deal involving over $14 million dollars) from the following debtors in Chapter 11 bankruptcy proceedings: Food Service Management, Inc., Kobra Associates, Inc., Sierra Valley Restaurants, Inc., and Central Valley Food Services, Inc.
Ms. Takvoryan is a member of the American Bar Association, Beverly Hills Bar Association, and Armenian Bar Association. Ms. Takvoryan is the Beverly Hills Bar Association Bankruptcy Section Chair. Ms. Takvoryan is also a member of various bankruptcy organizations including the American Bankruptcy Institute and the California Bankruptcy Forum. Ms. Takvoryan is currently an Advisory Board Member of the ABI and on the Planning Committee for the 2014 ABI Western Consumer Bankruptcy Conference.
Ms. Takvoryan was honored with a certificate of appreciation from Public Counsel Law Center's Debtor Assistance Project in 2006. Ms. Takvoryan has regularly been named a "Super Lawyer Rising Star" by Southern California Super Lawyers in Los Angeles Magazine and Law & Politics Magazine each year from 2007 to 2010. "Super Lawyer Rising Stars" are selected from nominations submitted by current Super Lawyers and represent the top 2.5% of up-and-coming attorneys in the state.
Ms. Takvoryan has recently been invited to participate in the following conferences and programs as a panelist to showcase her expertise in Chapter 11 bankruptcy representation:
ABI Western Consumer Bankruptcy Conference – January 21, 2013, Las Vegas, Nevada
21st Annual Southwest Bankruptcy Conference – August 22-24, 2013, Lake Tahoe, Nevada
Beverly Hills Bar Association – October 29, 2013, Los Angeles, California
Member of the State Bar of California since 2001
Admitted to the Supreme Court of California
Admitted to the U.S. District Court in the Central District of California
Admitted to the U.S. District Court in the Eastern District of California
UCLA (University of California, Los Angeles) School of Law, Los Angeles, California: J.D.
Occidental College, Los Angeles, California: B.A., magna cum laude, in Diplomacy and World Affairs
Armenian and Russian
Travel, International Music, Armenian Literature, Transcaucasian Dance