'For years, Sacha Lürken has been one of the best attorneys for restructuring in the German market. He is very systematic, factual and always strives for the best result.’ A client says: ‘Excellent attorney, always available, provides high quality work.’ - Legal 500, JUVE

Sacha Lürken is a restructuring partner in the Munich office of Kirkland & Ellis International LLP.

Sacha advises financial investors and corporates in domestic and cross-border transactions on investments and divestments in all instruments of the capital structure, distressed M&A and corporate and financial restructurings. He is also an experienced corporate litigation lawyer, including advice on D&O liability and national and international arbitration.

Sacha is listed as a frequently recommended lawyer in the category insolvency and restructuring in the 2023/2024 edition of JUVE Handbuch Wirtschaftskanzleien. IFLR1000 recognizes Sacha in its 2023 Financial and Corporate Guide as a highly regarded lawyer for restructuring and insolvency. He is also ranked in the 2023 edition of Chambers Europe for restructuring/insolvency in Germany. In addition, Legal 500 Germany 2023 calls Sacha a “Leading Individual” for restructuring and insolvency. He is also listed among the “Best Lawyers” for restructuring and insolvency law as well as private equity in Germany by Handelsblatt Best Lawyers 2023.

Watch: Current Developments in the German Restructuring Market


Thought Leadership


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


Admissions & Qualifications

  • 2002Germany


  • German
  • English


  • Higher Regional Court of MunichSecond State Examination2001
  • Ludwig Maximilians University MunichFirst State Examination1999