Overview

'Unquestionably among the most talented and accomplished restructuring advisers in the industry.' - Chambers Global

Anup Sathy is an internationally 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 and has restructured well over $100 billion of debt obligations.

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 for nearly two decades. Most recently, in the 2020 edition, sources noted that he is “a really superb lawyer who is extremely knowledgeable but also practical and creative.” Sources noted his “commercial sense is remarkable and becomes paired with brilliant legal insight” and his “incredibly strategic approach” to complex situations. He is described 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 previous 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.”

Anup is a fellow at the American College of Bankruptcy. 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.

Anup was among a group of four attorneys nationwide recognized as Law 360’s MVPs in the restructuring field. In addition, he has been included in the 2010–2019 editions of The Best Lawyers in America for Bankruptcy and Creditor-Debtor Rights / Insolvency and Reorganization Law. 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 is a frequent author, panelist and lecturer on national and global restructuring matters, developments and trends.  He has spoken at Northwestern University, Harvard University, University of Chicago and University of Pennsylvania.

More

Thought Leadership

Speaking Engagements

Panelist, III, American College of Bankruptcy and the American Bankruptcy Institute webinar, "Brexit: Aspects on Insolvency & Restructurings from North American View"

Moderator, AIRA’s 36th Annual Bankruptcy & Restructuring Conference Virtual Series 2020, “Liability Management”

Moderator, American Bankruptcy Institute VALCON 2020, “The Latest Investment Banking, Turnaround and Legal Insights on Rapid Changes in Grocery Retail”

Keynote Address Interviewer, 11th Annual Wharton Restructuring and Distressed Investing Conference

Panelist, American Bankruptcy Institute Mid-Level Professional Development Program, "Is Selling the New Reorganizing?" 

Moderator, 19th Annual Harvard Business School Venture Capital and Private Equity Conference, "Turnarounds, Distressed and Special Situations"

Panelist, 86th Annual National Conference of Bankruptcy Judges, "Secured Creditors and Claims and Priorities"

Panelist, 7th Annual University of Chicago Booth School of Business Distressed Investing and Restructuring Conference: "Legal Panel"

Panelist, 18th Annual Harvard Business School Venture Capital and Private Equity Conference

Speaker, AlixPartners North American Annual Meeting, Restructuring Panel: "What has Happened to Chapter 11s?"

Speaker, TMA Distressed Investing Conference, "CMBS/REMIC: General Growth, Innkeepers, Stuytown and Beyond"

Speaker, TMA Annual Convention, "Breaking New Ground: Trends in Real Estate Restructuring"

Speaker, ICSC/Recon Conference, "Debt Buying Workouts"

Speaker, TMA Webinar, "Tribulations in Commercial Real Estate and How to Profit from Them"

Speaker, TMA Spring Conference, "Tribulations in Commercial Real Estate and How to Profit from Them"

Legal Publications 

Co-Author, "Need for Speed: Utilizing Hybrid Solicitation Strategies to Shorten Chapter 11 Cases," BNA's Bankruptcy Law Reporter

Co-Author, "Uncertainty In Complex Real Estate Restructurings," Law360

Co-Author, " Bankruptcy Court Rules CMBS Certificateholder Does Not Have Standing to Appear in Chapter 11 Case," Bloomberg Bankruptcy Law Report

Co-Author, "Recent Bankruptcy Court Decision Reconciles Central Tenets of Commercial Real Estate Financing and Bankruptcy Law," Real Estate Finance Journal

Co-Author, "Landlord Communications Pose Unique Challenges in Large Retail Chapter 11 Cases," The Journal of Corporate Renewal, Turnaround Management Association

Contributing Editor, ABI Journal

Assistant Editor, Norton Bankruptcy Law and Practice

Author, "Using the Doctrine of Abstention to Protect Your Consensual Restructuring," ABI Journal

Author, "Confirming an Insolvent Case: Did They 'Agree' to Receive Less Than Full Payment?" The Bankruptcy Strategist

Author, "Fiduciary Duties & the 'Zone' of Insolvency," The Corporate Counsellor

Author, "National Bankruptcy Review Commission: The Final Report," 1998 Wiley Bankruptcy Law Update

Author, "Buying and Selling Assets in Bankruptcy," 1034 Practicing Law Institute

Contributor, Wiley Bankruptcy Law Update

Recognition

Anup’s work has been recognized by the Turnaround Management Association, which selected iHeartMedia as its “Mega Company Transaction of the Year,” Seadrill as its “International Company Turnaround of the Year,” General Growth Properties, Inc. as its nationwide “Mega Company Transaction of the Year,” Neff Rental LLC as its nationwide “Mid-Size Transaction of the Year,” Aquilex as its nationwide “Large Company Transaction of the Year,” and Conseco as its “Transaction of the Year.”

Other Distinctions

Restructuring Leading Lawyer, The Legal 500 United States, 2019–2020

Chambers USA, 2005–2020

America’s Leading Lawyers for Business in Bankruptcy & Restructuring, Chambers Global

Dealmaker of the Year, American Lawyer, 2019

Bankruptcy and Creditor-Debtor Rights & Insolvency and Reorganization Law, Best Lawyers in America, 2010–2019

Restructuring & Insolvency, IFLR1000 US, 2016–2019 (Highly Regarded, 2018–2019)

MVP, Law360

Outstanding Lawyer, Turnarounds & Workouts

Outstanding Young Restructuring Lawyer, Turnarounds & Workouts

Memberships & Affiliations

Fellow, American College of Bankruptcy, 2020

Member, International Insolvency Institute

Credentials

Admissions & Qualifications

  • 1995Illinois
  • 2010New York

Courts

  • 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, Houston
  • United States Bankruptcy Court for the District of Hawaii
  • United States Bankruptcy Court for the Eastern District of Virginia

Education

  • Northwestern Pritzker School of LawJ.D.cum laude1995
  • University of Illinois at Urbana-ChampaignB.S., FinanceHighest Honors1992