David von Saucken is a Partner in the Bankruptcy & Restructuring Department of Kaye Scholer’s London and Frankfurt offices. David focuses on solvent or insolvent restructuring of businesses and liabilities as well as distressed investing. David has ample experience in advising funds and investment banks in corporate special situations both in Europe and Emerging Markets and has also often worked on CMBS and other complex real estate-related restructurings. He also counsels on debt and private equity investments in performing situations.
According to 2011 Chambers UK, “international clients describe David von Saucken as ‘a great lawyer — responsive, capable and a good tactician.’ He offers strong technical know-how in German insolvency matters and has advised a number of Anglo-American funds on their transactions in the region. Distressed M&A deals, restructurings and non-performing loans all form significant components of his caseload.”
- Representation of a European bank in relation to the restructuring of an investment in the structured debt issued to finance a Tokyo landmark office tower (2012).
- Representation of the special servicer in the work-out of the Dawnay Day sponsored Karstadt Kompakt property portfolio (2012).
- Representation of a major creditor in the restructuring of Vivacon AG, a German listed company specializing in ground lease securitization (2010 — present).
- Representation of the special situations group of an international investment bank on evaluating a commitment to finance Project Isobel, a loan portfolio disposal by RBS’s non-core unit (2011).
- Representation of a group of banks and a securitized lender in the work-out of a residential mortgage portfolio in excess of €1 billion through offshore receivership (2011).
- Representation of an investment fund in the restructuring of Rodenstock GmbH (2011).
- Representation of a group of holders of Islamic finance certificates in the restructuring of Kuwaiti investment house IIG (2011 and 2012).
- Representation of the majority mezzanine lenders holding €750 million of debt to Highstreet, a vehicle owning some of Germany’s largest department stores (2010).
- Representation of the majority holders of the US$3.52 billion Nakheel Sukuk Al Ijara (2009).
- Recognized as a notable practitioner by 2011 Chambers UK
- Recognized as a frequently recommended lawyer in the JUVE handbook of German commercial law firms