Regional news: Germany

Foreign pension investors’ claims to be heard in German group insolvency

An administrator from German law firm GÖRG will oversee the insolvencies of more than 100 entities in a group that invited pensioners from the UK, Ireland and Asia to finance the conversion of historic buildings.

03 August 2020

“Good forum shopping”: English court sanctions Flint Group schemes

An English court has sanctioned schemes for seven international subsidiaries of Luxembourg-headquartered Flint Group, finding a change of governing law in their debt agreements gave the companies sufficient connection to England.

30 July 2020

Roland Berger makes three hires in DACH region

Munich-headquartered management consultancy Roland Berger has hired a new principal and two new partners as it seeks to handle the challenges facing companies dealing with covid-19.

27 July 2020

New scheme notice requirements should not be bypassed, English court affirms

An English court has published its reasons for convening scheme of arrangement meetings for Luxembourg-incorporated Flint Group, after applying new creditor notice requirements for the first time.

14 July 2020

Estate of alleged German DHL fraudster seeks Florida recognition

The administrator of the estate of a German resident accused of defrauding multinational courier Deutsche Post is seeking US recognition of his German insolvency, in an effort to sell a Florida house.

09 July 2020

Noerr, Kirkland and Allen & Overy advising as Wirecard files for insolvency

German payment processor and DAX-listed company Wirecard has filed for insolvency in Munich, days after German authorities arrested its former CEO over allegations he presided over one of Europe’s largest ever accounting frauds.

26 June 2020

Dentons advising as German arms of France’s Recylex file for insolvency

The German arms of Paris-headquartered metal recycler Recylex have filed for insolvency in Germany, blaming a dramatic fall in metal prices caused by the covid-19 pandemic.

20 May 2020

Four more of Nortel’s EMEA arms set to end administrations

The joint administrators of Nortel Network entities in Slovakia, Austria, Germany and the Netherlands are set to end their decade-long administrations after securing termination and discharge orders in the High Court of England and Wales.

22 April 2020

German restaurant chain Vapiano files for insolvency amid covid-19 crisis

Taylor Wessing and Freshfields Bruckhaus Deringer are advising German restaurant chain Vapiano, which filed insolvency proceedings in the District Court of Cologne on 2 April.

06 April 2020

Esprit places European subsidiaries into administration

Heuking Kühn Lüer Wojtek and Schultze & Braun are advising Hong-Kong listed apparel retailer Esprit, which has placed its European group subsidiaries in self-administration to protect them during the coronavirus pandemic.

03 April 2020

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