Sarah Paterson

Administrative support: Sarah Lee
Room: New Academic Building 6.06
Tel. 020-7106-1244

Sarah Paterson is an assistant professor of corporate insolvency. Before joining LSE she was a partner in Slaughter and May in London, with whom she retains a consultancy.



Research Interests
  • Corporate recovery and insolvency

  • Trusts

External Activities
  • Consultant to Slaughter and May

  • Member of the Insolvency Lawyers’ Association

  • Member of the Technical Committee of the Insolvency Lawyers’ Association

  • Member of the Association of Business Recovery Professionals


Debt restructuring (Oxford University Press, 2011) (with Rodrigo Olivares-Caminal, John Douglas, Randall Guynn, Alan Kornberg, Dalvinder Singh, and Hilary Stonefrost)

Selected articles
and chapters in books

'Bargaining in Financial Restructuring: Market Norms, Legal Rights and Regulatory Standards' Journal of Corporate Law Studies 14 (2) (2014) pp.333-366

In the 1990s large financial restructurings were typically negotiated by reference to the market conventions of the day, reflected in a set of principles known as the London Approach. Commentary on the London Approach at the start of the last decade sounded a note of caution for its survival in rapidly changing credit markets. This article is about what happened as parties moved away from negotiating by reference to market norms towards negotiating by reference to their strict legal rights. It considers the difficulties which have arisen and whether these are best tackled by law and the courts or by the market and regulation.

‘Lodging a Proof of Debt and Submission to Jurisdiction’ (2013) Corporate Rescue and Insolvency 6.3

‘COMI: The Elephant in the Room’ (2012) Corporate Rescue and Insolvency 5.4

‘Charter Communications: A Charter for Others?’ (2010) Corporate Rescue and Insolvency 3.4

‘LyondellBasell: The Longer Arm of Chapter 11’ (2009) Corporate Rescue and Insolvency 2.4