Regional news: Germany
Wirecard shareholders lose landmark damages ruling in Munich
In a first-of-its-kind ruling, a German court has found damages claims brought by Wirecard’s shareholders rank behind all other creditor claims in the collapsed payment processor’s insolvency.
01 December 2022
White & Case advising as Adler Group enters lock-up with bondholders
German real estate group Adler has reached an agreement with its bondholders to extend maturities on notes that were due in July next year and secure almost €1 billion of new financing, after it was rocked by fraud allegations last year.
30 November 2022
German department store chain Galeria enters protective shield proceedings again
Department store chain Galeria Karstadt Kaufhof has entered protective shield proceedings in Germany for the second time in as many years, with advice from McDermott Will & Emery and local firms Seitz and Wellensiek.
04 November 2022
McDermott advising as VW and Daimler supplier enters administration in Germany
A supplier to German automotive giants Volkswagen and Daimler has placed its German affiliates into insolvency, blaming increased energy and material costs.
25 October 2022
Dr Beck & Partner, Schultze & Braun advising as automotive supplier enters German proceedings
Dr Beck & Partner is advising car interior manufacturer Dr Schneider on a reorganisation before a Bavarian court, with Schultze & Braun acting on the side of credit insurers.
20 September 2022
Two new European partners for White & Case
White & Case has bolstered its debt finance and restructuring offerings with new recruits from Herbert Smith Freehills in Madrid and Schalast in Hamburg.
13 September 2022
European column: Appeal to ignorance of insolvency
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, asks a complex question arising from a simple, everyday occurrence: is a payment to someone residing or located in another EU member state, who is already insolvent, legally valid?
22 August 2022
Crypto bank Nuri files insolvency proceedings in Germany
As the “crypto winter” continues, a German crypto-focused digital banking platform has entered insolvency proceedings before a Berlin court, while crypto exchange CoinFlex has announced it is seeking to restructure in the Seychelles.
11 August 2022
Goodwin expands Munich office with hire from Shearman & Sterling
Goodwin is adding a private equity partner with restructuring experience to its newly-opened Munich office from Shearman & Sterling, where he has spent almost two decades.
28 July 2022
Shearman hires from White & Case in Germany
Shearman & Sterling has hired a finance partner to work across Munich and Frankfurt who has credits as creditors’ counsel in the recent English scheme restructuring of gaming group Lowen Play, and in a refinancing for German wind turbine maker Senvion.
25 July 2022