Regional news: Austria
Gleiss Lutz advising German retailer on self-administration
UPDATED: A German clothes retailer with international stores has filed preliminary insolvency proceedings, marking the first test of Germany’s newly strengthened self-administration rules.
15 January 2021
Ropes & Gray hires second Kirkland partner in London
Kirkland & Ellis special situations partner Samuel Norris has moved to Ropes & Gray in London – six months after restructuring partner Matt Czyzyk made the same move.
02 December 2020
Vapiano enters insolvency in Austria
Having filed for insolvency in Germany a few weeks ago, the German restaurant chain Vapiano is now also in self-administration in Austria, where it has retained Freshfields again.
21 April 2020
Steinhoff sells off British and Australian retailers
Scandal-hit South African conglomerate Steinhoff has sold the group behind British retailers Bensons for Beds and Harveys Furniture, as well as the merchandise division of its Australasian subsidiary, owner of Debenhams Australia.
22 November 2019
Steinhoff’s European subsidiaries complete €9bn restructuring
Scandal-hit South African retail group Steinhoff has announced the completion of its €9 billion European restructuring, but the news has failed to stop its share price falling below 1 Rand for the first time.
20 August 2019
Steinhoff CVAs stall after Seifert challenge
South African retail conglomerate Steinhoff says “a company claiming to be a creditor” has filed an objection to company voluntary arrangements for two of its European subsidiaries, one month after creditors approved them.
11 January 2019
Community round-up: Miami, Hong Kong, Vienna and Luxembourg
Sequor Law has added to its Miami practice, while Holman Fenwick Willan has shifted a senior partner to its Hong Kong office, Austria’s Jaksch Schoeller Riel has rebranded amid a police investigation, and Maples and Calder has expanded to Luxembourg.
02 October 2018
Niki administrators open Berlin proceedings after abandoning Austria appeal
The German administrators of Air Berlin subsidiary Niki have withdrawn their opposition to the bankruptcy being conducted in Austria, and opened secondary proceedings in Germany under the recast European Insolvency Regulation.
26 January 2018
Schönherr makes up third practice partner in Vienna
Central and Eastern Europe-focused firm Schönherr has promoted restructuring specialist Miriam Simsa to partner in Vienna.
19 January 2017
Discovery and privilege clarified as Cayman courts break new ground in three Primeo judgments
The Grand Court and Appeals Court of the Cayman Islands have handed down three judgments related to different international discovery proceedings in the ongoing litigation surrounding the Primeo Fund, a Cayman-based investment vehicle that was brought down by Bernard Madoff’s Ponzi scheme.
09 December 2016
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