Professor Sarah Paterson

Professor Sarah Paterson

Professor of Law

LSE Law School

Room No
Cheng Kin Ku Building 5.14
Key Expertise

About me

Sarah Paterson is a professor of law.  Her main areas of research are corporate reorganization and insolvency. Before joining LSE she was a partner in Slaughter and May in London, with whom she retains a consultancy.

Administrative support:

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, 2022) 3rd ed. (with Rodrigo Olivares-Caminal, Alan Kornberg, Alan Kornberg, Dalvinder Singh, and Eric McLaughlin)

The new third edition of Debt Restructuring offers detailed legal analysis of international corporate, banking, and sovereign debt restructuring, from the perspective of creditors and debtors. It provides practical guidance to help practitioners, policy-makers, and academics in the UK and US to understand current developments in debt restructuring, and provides solutions for creditors holding distressed debt and debtor options in a distressed scenario.

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Corporate Reorganization Law and Forces of Change (OUP Oxford, 2020)

In this book, Sarah Paterson argues that since the 1980s almost every aspect of the landscape of large firms and finance has changed, with the result that corporate reorganization law is now mobilized and adapted by the participants in the process in new and diverse ways.   She argues that, whichever theoretical or policy approach is adopted, these adaptations cannot all be evaluated using a single universal or fixed conceptual framework.  Adopting a comparative US/UK approach, the book undertakes a detailed analysis of six forces of change which have developed in the finance and non-financial corporate fields.  It analyses the ways in which these forces of change affected the nature of the corporate reorganization case, and the new ways in which participants in the corporate reorganization process mobilized and adapted corporate reorganization law in response.  The book argues that it is crucial to analyze the specific adaptations of corporate reorganization law which emerged from this process of change.  This demands that corporate reorganization law theorists or policy makers do not start their analysis using a conceptual framework developed in response to historical adaptations of corporate reorganization law.  It is necessary, instead, to identify how dominant theoretical or policy concerns manifest themselves in the specific adaptation under review and to adapt conceptual frameworks accordingly.

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McKnight, Paterson, & Zakrzewski on the Law of International Finance, Sarah Paterson and Rafal Zakrzewski (eds)  (OUP Oxford, 2017) 2nd ed.

This acclaimed and comprehensive work analyses the legal issues involved in international finance transactions operating under English law. The second edition thoroughly updates the book to take account of major developments in regulation, practice, and case law since the first edition published in 2008. 

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36(5), 322-324