Ezra Borut Named Recipient of Lawyers Alliance for New York’s 2013 Cornerstone Award
November 4, 2013
Ezra Borut, a partner at Debevoise & Plimpton LLP, has been named recipient of Lawyers Alliance for New York’s 2013 Cornerstone Award, honoring outstanding pro bono legal services to non-profit organizations.
Mr. Borut is Deputy Chair of the firm’s Corporate Department and a member of the Mergers & Acquisitions and Energy and Natural Resources Groups. His practice ranges from multinational joint ventures to complex corporate restructurings to domestic and cross-border mergers and acquisitions.
At Lawyers Alliance for New York, Mr. Borut has led a team of Debevoise lawyers representing the Center for Community Development for New Americans d/b/a Business Center for New Americans (“BCNA”) for more than 10 years. BCNA works in microenterprise lending and provides technical assistance for businesses started by recent immigrants.
BCNA relied on Mr. Borut and the Debevoise team before it was an independent 501(c)(3) entity; guidance began in 2002 when BCNA was a department of the New York Association of New Americans (“NYANA”). In 2009 NYANA dissolved and Debevoise attorneys handled BCNA’s spin-out. This included drafting and negotiating agreements relating to (i) the creation of an interim fiscal sponsorship relationship with The Fund for the City of New York, (ii) the transfer of multiple U.S. Small Business Administration (“SBA”) loan awards and Office of Refugee Resettlement (“ORR”) grants, and (iii) transition services agreements with NYANA. Debevoise attorneys obtained required bankruptcy trustee, creditor, and court approval for the spin-out. Debevoise also helped BCNA establish its own physical location by reviewing a lease agreement.
In 2012, the Debevoise team guided BCNA in becoming independent from the Fund, which required careful structuring and documentation of the transition period to preserve the funding awards from the U.S. Small Business Association and Office of Refugee Resettlement.
The awards presentation will be held on November 6, 2013.
Lawyers Alliance for New York is a leading provider of business and transactional legal services for nonprofit organizations that are improving the quality of life in New York City neighborhoods. By connecting lawyers, nonprofits, and communities, Lawyers Alliance for New York help nonprofits to develop affordable housing, stimulate economic development, promote community arts, strengthen urban health, and operate and advocate for vital programs for children and young people, the elderly, and other low-income New Yorkers.
Debevoise & Plimpton LLP is a leading international law firm, representing a wide range of clients in transactions and disputes around the world. Founded in 1931, the firm has offices in New York, Washington, D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai