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Dechert LLP

1095 AVENUE OF THE AMERICAS, NEW YORK, NY 10036-6797, USA
Tel:
Work +1 212 698 3500
Fax:
Fax +1 212 698 3599
Email:
Web:
www.dechert.com

Michael J Sage

Tel:
Work +1 212 698 3503
Email:
Dechert LLP

Work Department

Financial Restructuring

Position

Co-Chair

Career

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

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

Education

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


United States: Finance

Restructuring (including bankruptcy): corporate

Within: Restructuring (including bankruptcy): corporate

The financial restructuring practice at Dechert LLP continues to be recognised for its creditor and cross-border representations, particularly in mandates involving Latin American clients. Co-chair Allan Brilliant is advising an international committee, holding over $2.7bn bonds, in the bankruptcy proceedings of Oi and its subsidaries in Brazil, Netherlands and Portugal. In addition the team acts for an ad hoc group in connection with a potential restructuring of Brazilian mining company Samarco Mineração and in the Commonwealth of Puerto Rico’s debt crisis, the group is engaged by Peaje Investments, the largest holder of unwrapped special revenue bonds issued by the Puerto Rico Highways & Transportation Authority. Practice co-head Michael Sage is advising Oglethorpe Power Corporation on Westinghouse Electric Corporation’s bankruptcy and resulting delays on the company’s building obligations at Vogtle Electric Generating Plant; the team also pursued enforcement of guarantee provided by Westinghouse Electric Corporation’s parent company Toshiba in this matter.

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