Sidley Austin LLP regularly advises companies in crisis, official and ad hoc creditors’ committees, lenders as well as participants in distressed transactions on financial restructuring. Patrick Schulz made partner in January 2023 and focuses on cross-border restructuring and distressed M&A. Practice head Kolja von Bismarck specialises in financial restructuring and Andreas Steiger advises creditors, distressed investors, debtors, shareholders and sponsors on financial and operational restructuring.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'Great legal knowledge, great language skills and perfect networking in the Anglo-American region.'
'Andreas Steiger and Patrick Schulz: Always a pleasure to work with them.'
'Very approachable colleagues who always have an open ear for the clients and their wishes.'
'Patrick Schulz: An excellent lawyer and always available.'
'Sidley's Restructuring Group – like the firm as a whole – offers legal advice of the highest quality. The partners with whom we work in complex commercial legal disputes are characterized by great experience, a precise eye for the client's commercial interests and the ability to develop solutions that are pragmatic and creative as well as legally carefully analyzed and viable.'
'Andreas Steiger: An extremely committed and experienced colleague, with a strong sense of the client's needs in the specific situation. Very creative in bridging deadlocks in negotiations to efficiently achieve the client's goal.'

Key clients

adapa Group (vormals Schur Flexibles Group)
Glas Trust Corporation
Losberger Holding GmbH

Work highlights

Advising the Schur Flexibles Group on its successful financial restructuring.
Advising Glas Trust Corporation on the enforcement of security interests in the insolvency of the Galapagos Group and the subsequent avoidance proceedings.
Advising the Losberger De Boer Group as part of its ongoing financial and operational restructuring.

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