Sarah Levin

Primary Focus & Experience

Sarah has extensive experience representing financial creditors, bidders and other stakeholders of distressed companies in European, cross-border and US restructurings.

Recent relevant experience includes:

• Advised bondholders of Cabonline in comprehensive debt to equity restructuring and provision of new money, under Swedish written procedure.
• Advised Haya Real Estate in restructuring of senior notes debt via English scheme of arrangement, in connection with sale of business.
• Advised buyer of diagnostics business in connection with a pre-packaged English administration sale.
• Advising ad hoc group of creditors to Tele Columbus group in connection with amend and extend via English scheme of arrangement.
• Advised coordinating committee of lenders on the comprehensive debt-for-equity restructuring of $600 million of debt in the German/Austrian plastics manufacturer Schur Flexibles.
• Advised ad hoc group of noteholders in relation to change of control consent and enforcement over shares in the Lycra group.
• Acting for a national government in the Caribbean in relation to an enforcement against, and subsequent distressed acquisition of, a real estate development project, and the related United States chapter 15 process.
• Advised ad hoc group of lenders in relation to the pre-arranged chapter 11 restructuring of approximately $500 million of debt issued by a silo of the Nordic Aviation Group and the acquisition of that silo by a strategic investor.
• Advised ad hoc group of lenders in relation to pre-packaged chapter 11 restructuring of more than $2 billion of debt in the Skillsoft group and the group’s subsequent sale to a SPAC.
• Advised ad hoc group of noteholders in relation to the Thomas Cook group.
• Advised as hoc group of noteholders in connection with the successful restructuring of over $1 billion of unsecured notes debt issued by the Nyrstar group and the acquisition of the group by Trafigura.
• Advised bidder in connection with sale of collection of historical artifacts from exhibition company in chapter 11 proceedings.

Recognition & Accomplishments

Law Clerk to the Honorable Shelley C. Chapman, United States Bankruptcy Court, Southern District of New York

Publications

• The Insolvency Review, United Kingdom: England & Wales (with Karen McMaster, Lynette Janssen and Matthew Fonti)
• GRR, The Art of the Pre-Pack, A SPAC and a Pre-Pack: The Case of Skillsoft Corporation (with Evan Fleck and Benjamin Schak)
• Global Restructuring Review, The Art of the Ad Hoc: Introduction (with Jacqueline Ingram)