Anup Sathy is a nationally recognized practitioner in matters relating to corporate restructurings, workouts and Chapter 11 reorganizations. He has substantial experience representing and advising companies, buyers, boards, investors and lenders in all aspects of distressed and insolvency situations.
Described as a “phenomenal lawyer” who is “intellectually gifted” and “a great problem solver,” Anup has been selected by Chambers USA as one of America’s Leading Lawyers for Business in Bankruptcy/Restructuring every year since 2005. Most recently, Anup was praised for his “incredibly strategic approach” to complex situations. Sources also described Anup as someone “with a global reach” and “absolute integrity” who is “not only a great lawyer, but a business strategist,” “great in a courtroom and the boardroom,” and a “strategic thinker, rational, thoughtful, measured in his approach.”
In past editions of Chambers USA, clients have described Anup as “a master of consensus” who is “exactly the right person you need when you need the very best at your side.” Sources praised him as someone who “relentlessly strives to find consensus among vastly divergent positions held by diverse constituents.” Chambers also applauded Anup as “an individual of high personal character” and “creative and resilient.”
Most recently, Anup was recognized by The American Lawyer as a 2019 Dealmaker of the Year for his work leading a multi-disciplinary team in the global restructuring of Seadrill Ltd.
Chambers Global also recognized Anup’s reputation as a prominent player in the market and commended him for being “very smart and practical” as well as a “great negotiator.” He was among a group of four attorneys nationwide recognized as Law 360’s MVPs in the restructuring field. In addition, Anup is included in the 2010–2019 editions of The Best Lawyers in America for Bankruptcy and Creditor-Debtor Rights / Insolvency and Reorganization Law, where he is praised for being “very responsive and very knowledgeable.” Anup has been distinguished by Turnarounds & Workouts as one of its “Outstanding Restructuring Lawyers.” Turnarounds & Workouts also previously named him an “Outstanding Young Restructuring Lawyer.”
Anup’s work was recognized by the Turnaround Management Association, which selected General Growth Properties, Inc. as its nationwide “Mega Company Transaction of the Year” and Neff Rental LLC as its nationwide “Mid-Size Transaction of the Year.” In addition, Anup’s work was recognized by the Turnaround Management Association, which selected Aquilex as its nationwide “Large Company Transaction of the Year.”
Co-Author, "Need for Speed: Utilizing Hybrid Solicitation Strategies to Shorten Chapter 11 Cases," BNA's Bankruptcy Law Reporter (October 2012)
Co-Author, "Uncertainty In Complex Real Estate Restructurings," Law360 (March 2012)
Co-Author, " Bankruptcy Court Rules CMBS Certificateholder Does Not Have Standing to Appear in Chapter 11 Case," Bloomberg Bankruptcy Law Report (February 2012)
Co-Author, "Recent Bankruptcy Court Decision Reconciles Central Tenets of Commercial Real Estate Financing and Bankruptcy Law," Real Estate Finance Journal (Winter 2010)
Co-Author, "Landlord Communications Pose Unique Challenges in Large Retail Chapter 11 Cases," The Journal of Corporate Renewal, Turnaround Management Association (January 2009)
Contributing Editor, ABI Journal
Assistant Editor, Norton Bankruptcy Law and Practice
Author, "Using the Doctrine of Abstention to Protect Your Consensual Restructuring," ABI Journal (September 2003)
Author, "Confirming an Insolvent Case: Did They 'Agree' to Receive Less Than Full Payment?" The Bankruptcy Strategist (November 2002)
Author, "Fiduciary Duties & the 'Zone' of Insolvency," The Corporate Counsellor (April 2001)
Author, "National Bankruptcy Review Commission: The Final Report," 1998 Wiley Bankruptcy Law Update (1998)
Author, "Buying and Selling Assets in Bankruptcy," 1034 Practicing Law Institute (1997)
Contributor, Wiley Bankruptcy Law Update (1999-2002)
Keynote Address Interviewer, 11th Annual Wharton Restructuring and Distressed Investing Conference (February 2015)
Panelist, American Bankruptcy Institute Mid-Level Professional Development Program, "Is Selling the New Reorganizing?" (November 2014)
Moderator, 19th Annual Harvard Business School Venture Capital and Private Equity Conference, "Turnarounds, Distressed and Special Situations" (March 2013)
Panelist, 86th Annual National Conference of Bankruptcy Judges, "Secured Creditors and Claims and Priorities" (October 2012)
Panelist, 7th Annual University of Chicago Booth School of Business Distressed Investing and Restructuring Conference: "Legal Panel" (April 2012)
Panelist, 18th Annual Harvard Business School Venture Capital and Private Equity Conference (February 2012)
Speaker, AlixPartners North American Annual Meeting, Restructuring Panel: "What has Happened to Chapter 11s?" (June 2011)
Speaker, TMA 2011 Distressed Investing Conference, "CMBS/REMIC: General Growth, Innkeepers, Stuytown and Beyond" (January 2011)
Speaker, TMA 2010 Annual Convention, "Breaking New Ground: Trends in Real Estate Restructuring" (October 2010)
Speaker, ICSC/Recon Conference, "Debt Buying Workouts" (May 2010)
Speaker, TMA Webinar, "Tribulations in Commercial Real Estate and How to Profit from Them" (May 2010)
Speaker, TMA Spring Conference, "Tribulations in Commercial Real Estate and How to Profit from Them" (April 2010)
The Chicago/Midwest Chapter of the Turnaround Management Association honored Kirkland & Ellis with an award for "Transaction of the Year" for its management of the reorganization of Conseco, Inc. Anup led a team of attorneys that was recognized for its success in managing a complicated reorganization process that resulted in a favorable outcome for Conseco.
The General Growth opinion ruling the filings of the various special purpose entities as proper was recognized by Law 360 as among the Top 10 Bankruptcy Rulings in 2010.
The Financial Times commended the Firm's work for General Growth in its annual list of most innovative restructuring matters.
Recognized as a 2018 “Chicago’s Notable Minority Lawyers” by Crain’s Chicago Business.
Recognized in the 2011 edition of The Legal 500 for his contribution to the restructuring practice.
Selected for inclusion in the 2011 edition of Marquis Who's Who in America.
Selected as a 2009 "Leading Law Firm Rainmaker" by the Minority Corporate Counsel Association.
Selected as a 2010 "40 Illinois Attorneys Under 40" by Law Bulletin Publishing Co.
Recognized by Illinois Super Lawyers from 2006–2010 and 2012–2013.
Listed in the 2010 edition of Chicago’s Best Lawyers.
Listed in the 2010 edition of Leading Lawyers Magazine.
Admissions & Qualifications
- 2010New York
- United States District Court for the Northern District of Illinois
- United States District Court for the Southern District of New York
- United States Bankruptcy Court for the Northern District of Illinois
- United States Bankruptcy Court for the District of Delaware
- United States Bankruptcy Court for the Southern District of New York
- United States Bankruptcy Court for the Eastern District of Louisiana
- United States Bankruptcy Court for the District of Maryland
- United States Bankruptcy Court for the Southern District of Ohio
- United States Bankruptcy Court for the Eastern District of Pennsylvania
- United States Bankruptcy Court for the Northern District of Texas, Dallas Division
- United States Bankruptcy Court for the Southern District of Texas
- United States Bankruptcy Court for the District of Hawaii
- United States Bankruptcy Court for the Eastern District of Virginia
- Northwestern Pritzker School of LawJ.D.cum laude
- University of Illinois at Urbana-ChampaignB.S., FinanceHighest Honors