Paterson's excellent new book cleverly combines examination of law and finance and demonstrates how the law is mobilized and adapted in the US and UK to suit the case at hand in various ways in the corporate reorganisation context... The book is important because of changes in the financial field that have had significant impacts on large corporate restructuring cases in recent years, namely a shift from "a hold-to maturity, working capital debt market to a traded,
leveraged market"... The book builds upon and expands [Paterson's] previous work and in doing so it makes an excellent contribution to literature on the topic of corporate reorganisations... The book takes an Anglo-American approach and offers considerable enlightenment in regard to both systems. It
draws upon an extensive range of interdisciplinary literature and has an excellent account of relevant statutes and cases, as well as industry publications and approaches.
Sarah Paterson is Associate Professor of Law at the LSE where she teaches and researches corporate insolvency and restructuring law. Before joining the LSE, Sarah was a partner in the Restructuring and Insolvency Group at Slaughter and May, with whom she retains a consultancy. She has written widely on insolvency and restructuring and is a co-author of Debt Restructuring 2e (OUP, 2016), and edits McKnight, Paterson and Zakrzewski on The Law of
International Finance 2e (OUP, 2017).