Mr Michael J Sage > Dechert LLP > New York, United States > Lawyer Profile

Dechert LLP
Three Bryant Park, 1095 Avenue of the Americas
NEW YORK, NY 10036-6797
United States
Michael J Sage photo

Work Department

Financial Restructuring




Michael J. Sage, co-chair of the firm’s financial restructuring practice, represents ad hoc committees of bondholders, noteholders, term lenders and other creditors, official creditors’ committees, individual creditors, acquirers, and debtors in bankruptcy proceedings and out-of-court restructurings. Mr. Sage also has significant experience in the representation of financial institutions that have acquired substantial strategic positions in debt issued by troubled companies as well as the bankruptcies, out-of-court restructurings, and divestitures relating to such acquisitions.


Member, New York State Bar Association; Fellow, American College of Investment Counsel


The University of Vermont, B.A., 1985; Emory University, J.D., 1988, with Honors

Lawyer Rankings

United States > Finance > Restructuring (including bankruptcy): corporate

The ‘top-notchDechert LLP is known for its international expertise and ‘seasoned professionals with vast restructuring and bankruptcy experience’. The firm ‘excels particularly in contentious, litigation-driven matters, as well as cross-border restructurings’. The ‘highly effectiveAllan Brilliant is ‘a go-to for creditors in contentious corporate restructurings, particularly in Latin America’. He leads the practice from New York alongside Michael Sage, who is representing the ad hoc holders of first lien notes issued by Momentive Performance Materials and BOKF, as first lien trustee, in relation to the Chapter 11 of Momentive and certain of its affiliates. The team is also acting for the international bondholder committee in the restructuring of Brazilian telecoms giant Oi and its subsidiaries; the committee agreed to the terms of a Brazilian restructuring plan, under which it converted its debt to shares of the company and committed to backstop a R$3bn rights offering.