Noted European Restructuring Lawyer David von Saucken Joins Kaye Scholer

November 1, 2011

Partner von Saucken to divide his time between Firm’s London and Frankfurt offices

New York (November 1, 2011): David von Saucken, a noted Restructuring & Insolvency lawyer, dually qualified to practice in Germany and England and Wales, has joined Kaye Scholer as a Partner in the firm’s London and Frankfurt offices.

Previously a partner with Ashurst LLP, von Saucken focuses on advising funds and investment banks in special situations, with a particular emphasis on CMBS and other complex real estate-related restructurings. He also counsels on debt, hedge funds and private equity investments in performing German situations.

“We are delighted to have David join us as a partner as part of our strategy to grow our bankruptcy and restructuring capabilities internationally,” said Michael Solow, Co-Managing Partner of Kaye Scholer and himself a bankruptcy attorney. “The European markets currently face great uncertainty at a time when leverage is still high in most areas as a consequence of the lending boom prior to the ongoing financial crisis. This has led to ongoing high client demand for restructuring assistance in Europe. There couldn’t be a better time to bring on someone with David’s unique strengths and talents.”

Among von Saucken’s recent work is the representation of mezzanine lenders to Highstreet, a vehicle owning some of Germany's largest department stores, the representation of a group of banks and a securitized lender in the work-out of a residential mortgage portfolio in excess of €1bn through an offshore receivership, and the representation of various bondholders groups in European and Middle Eastern restructurings.

According to 2011 Chambers UK, which ranks him as a leading bankruptcy attorney, “international clients describe David von Saucken as ‘a great lawyer – responsive, capable and a good tactician.’ He offers strong technical know-how in German insolvency matters and has advised a number of Anglo-American funds on their transactions in the region. Distressed M&A deals, restructurings and non-performing loans all form significant components of his caseload.”

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