Abstract
During its long-lasting history, the $\Lambda(1405)$ has become a benchmark for our understanding of the $\rm SU(3)$ hadron dynamics. Starting with its theoretical prediction and later experimental verification, until the most recent debates on the existence of the second broad pole, it emerged as a fruitful research area sparking many theoretical and experimental developments. This review intends to provide the reader with the current status of research on the $\Lambda(1405)$-resonance, reflecting on historical, experimental and theoretical developments. A common database for experimental results and a comparison of most recent theoretical approaches will be provided in the last two parts of this manuscript.
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