Regional news: Germany

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

Maltese Evan Group lays foundations for cross-border StaRUG case

Malta-registered real estate company Evan Group has petitioned a Düsseldorf court to open a German StaRUG restructuring process, ahead of a €125 million bond repayment that looms at the end of the month.

07 July 2022

Galapagos wound up in England

Updated: Senior creditors of the Galapagos group have obtained a winding up order against one of its entities in England, following a jurisdictional battle between English, German and Luxembourgish courts that was complicated by Brexit and a European Court of Justice case.

30 June 2022

Heads-Up: Sylwia Maria Bea at Norton Rose Fulbright in Frankfurt

Featured in Heads-Up

The co-leader of Norton Rose Fulbright’s EMEA restructuring group Sylwia Maria Bea discusses the new German insolvency law StaRUG, her role setting up a women-only restructuring association and why ESG considerations should become more widespread over the rest of the year.

14 June 2022

Interview: Volker Beissenhirtz, treasurer of new German insolvency association

German restructuring professionals and court personnel have formed a new association aimed at improving the country’s restructuring and insolvency laws and court processes. Its new treasurer Volker Beissenhirtz tells GRR how the group plans to achieve its goals.

26 May 2022

Galapagos faces UK winding up following EU Insolvency Regulation judgment

Senior creditors of the Galapagos group have applied to wind it up in the UK despite ongoing insolvency proceedings in Germany, citing a European Court of Justice decision from March that interpreted the European Insolvency Regulation against the backdrop of two potential COMI shifts and Brexit.

24 May 2022

EU court rejects Ryanair challenge against Condor state aid

Ireland’s Ryanair has lost its challenge to the German government’s bailout of Frankfurt-headquartered airline Condor after the collapse of its parent Thomas Cook.

20 May 2022

The new Austrian Restructuring Code in the light of Germany’s StaRUG and the Dutch WHOA

Matthias Stipanitz and Stephanie Rendl at Preslmayr Attorneys at Law in Vienna assess Austria’s implementation of the EU’s preventive restructuring frameworks directive, giving a quick comparison with the implementation in Germany and the Netherlands.

17 May 2022

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