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The German administrators of Air Berlin subsidiary Niki have withdrawn their opposition to the bankruptcy being conducted in Austria, and opened secondary proceedings in Germany under the recast European Insolvency Regulation.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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