Sacha Lürken

Publications

Sacha Lürken regularly publishes articles and commentaries on legislation and court decisions. A full list of publications can be downloaded here.

Select publications include:

• Chapters on Overview of Distressed Debt Trading and Legal Structuring of Direct Lending Deals in Germany (co-author with Dr. Alexander Längsfeld and Daniel Hiemer) and on Developments in the German Legal Framework for Restructuring, in: Investing in Distressed Debt in Europe (TMA Handbook for Practitioners 2nd ed. 2023)

• Chapter “12 Solvent restructurings outside the SchVG (including bonds not subject to German law)”, in: Hopt/Seibt (eds.), Schuldverschreibungsrecht: Kommentar – Handbuch – Vertragsmuster, 2nd ed. 2023 (co-author with Dr. Leo Plank and Dr. Marlene Ruf)

• Ramifications of the Corporate Stabilization and Restructuring Act (StaRUG) on Bond Restructurings, in: Zeitschrift für Wirtschaftsrecht (ZIP) 25-26/2021, p. 1305

• Germany Poised For Big Step Towards Corporate Restructuring Best Practice, in: Law.com, 6 October 2020 (a summary of the article is available on the Harvard Law School Bankruptcy Blog here) 

• Chapter on bond restructurings, in: Theiselmann (ed.), Praxishandbuch des Restrukturierungsrechts, 4th ed. 2020 (co-author with Dr. Marlene Ruf)

• New procedures to prevent creditor hold-outs, in: Börsen-Zeitung, 20 June 2020 

• Proposals for amendments to insolvency laws due to coronavirus crisis, in: Börsen-Zeitung, 14 March 2020

• Chapter on Distressed Investments, in: Jesch/Striegel/Boxberger (ed.), Rechtshandbuch Private Equity (Handbook on Private Equity Law), 2nd ed. 2020 (co-author with Dr. Sebastian Egger and Daniel Hiemer)

• Chapter on Germany, in: INSOL International - Bank Resolution - Key Issues and Local Perspectives (editor: Simon Brodie), 2019

• Interpretation of the term "Financial Institution" in the transfer provisions of credit agreements, in: Wertpapier-Mitteilungen (WM) 22/2019, p. 999 (co-author with Dr. Alexander M.H. Längsfeld)

• Hard Choices: Restructuring and Insolvency Dealmakers Face Uncertainty Ahead of Possible ‘Hard Brexit’, in: International Corporate Rescue 6/2018, p. 311 (co-author with Kate Stephenson)

• Action Plan on the Reduction of Non-Performing Loans, in: NJW-aktuell 36/2018, p. 19

• Restructuring of 'Schuldschein' loans, in: NJW-aktuell 8/2018, p.17

• Schuldschein loans pose challenges in restructurings, in: Börsen-Zeitung, 10 February 2018

• Chapter on out of court bond restructurings, in: Hopt/Seibt (ed.), Debt Securities Law (Schuldverschreibungsrecht), 2017 (co-author with Dr. Leo Plank)

• Chapters on overview of distressed trading and legal structuring of direct lending deals in Germany (co-author with Wolfgang Nardi and Oded Schein) and developments in the European legal framework for restructuring, in: Investing in Distressed Debt in Europe (TMA Handbook for Practitioners 2016)

• Chapter on the Bond Restructuring Act, in: Servatius (ed.), ZIP Practitioners’ Book on Corporate Litigation (2016)

• Not so dead yet – a fresh push from Brussels for an out-of-court restructuring procedure, in: Neue Zeitschrift für Insolvenz- und Sanierungsrecht (NZI) 2015, p. 3 (republished in English in International Insolvency Law Review (IILR) 2015, p. 224)

• Restructuring of New York Law governed bonds, in: Börsen-Zeitung, 18 October 2014 (co-author with Jan Dettbarn)

• One year later: Germany's corporate insolvency law reform, in: Financier Worldwide Magazine, May 2013

• Restrukturierung von High Yield Bonds nach Schuldverschreibungsgesetz und US-Recht (High Yield Bond Restructuring under the German Bondholders’ Rights Act and US law), in: Corporate Finance Law (CFL) 2011, p. 352 et seq. (co-author with Carl Pickerill)

• Cross-border restructuring: Using English Schemes of Arrangement to restructure European vintage LBOs, in: Financier Worldwide, August 2011, p. 57–58 (co-author with Dr. Leo Plank)

• Germany Plans to Strengthen Creditor Control and Company Restructurings in Insolvency, in: Financier Worldwide, February 2011, p. 33–34 (co-author with Dr. Leo Plank)

• Germans to get pre-packs, cram-down of shareholders, DIP and choice of administrators, in: Global Turnaround, August 2010, p. 6

• German parliament passes fundamental corporate law reform, in: Global Turnaround, July 2008, p. 10

• German law reform could halt migration, in: Global Turnaround, July 2007, p. 7

• New restrictions for attachment orders against foreign business partners, in: Frankfurter Allgemeine Zeitung, 1 Sept 2004, p. 21

Press Coverage

BRRD: Challenges to Europe’s resolution ambitions, Global Restructuring Review, 31 January 2018

Kirkland & Ellis scores key role on restructuring of scandal-hit Steinhoff, Legal Week, 12 January 2018

SolarWorld is first big debt/equity swap under new German bond law, Global Turnaround, March 2014

Freshfields, US duo advise on €4.2bn debt restructure for Germany's IVG, The Lawyer, 28 May 2013

Debt-for-equity-swap – Nein danke!, Standard & Poor's LCD analysis, 2 February 2009

How German manufacturer ATS survived a split insolvency, Global Turnaround, April 2008, p. 8

German Insolvency: Present Challenges and Potential Solutions, Financier Worldwide, March 2008

Collins & Aikman sale close, Global Turnaround, April 2006, p. 8