Regional news: Germany

Ashurst promotes restructuring lawyer in Germany

Ashurst has promoted a new partner in its restructuring and special situations practice in Germany.

19 October 2020

White & Case announces new partner promotions

Five lawyers with restructuring experience have been promoted to partners in White & Case's London, New York, Frankfurt and Paris offices, effective from January 2021.

12 October 2020

Condor seeks recognition of German proceedings in US and Mexico

German airline and former Thomas Cook subsidiary Condor is seeking Chapter 15 recognition of its protective shield proceedings in Frankfurt to stop a trio of litigations in the US that it says contravene German law.

05 October 2020

Kirkland & Ellis promotes in US, Europe and Asia

Kirkland & Ellis has promoted 13 new restructuring and debt finance partners across the US and in Munich, London and Hong Kong.

02 October 2020

Bremen court says it lacks jurisdiction to hear German Property Group insolvency

A Bremen court has found it lacks jurisdiction to oversee the insolvency of a German property investment group that targeted foreign pensioners, after the group’s founder challenged its relocation from Hanover and accused its Bremen administrator of sneaking onto the case.

30 September 2020

Germany announces draft restructuring law in line with EU directive

German lawyers have cautiously welcomed a preventative restructuring regime outlined in a long-awaited draft bill that they hope will enable company rescues outside of insolvency and stymie the flow of companies who have headed abroad.

24 September 2020

Dentons hires German restructuring head from Baker McKenzie

The former head of Baker McKenzie’s German restructuring practice has moved to Dentons in Berlin.

22 September 2020

Australian tax officer denied costs over Senvion recognition

An Australian court has refused to award costs to a tax officer who abandoned his request for relief from a stay that followed the local recognition of wind turbine maker Senvion’s German self-administration proceedings.

22 September 2020

English court sanctions ED&F Man’s scheme

An English court has sanctioned a scheme of arrangement for international commodity trader ED&F Man, paving the way for it to restructure debts governed by English and New York law.

09 September 2020

Creditors approve ED&F Man’s UK scheme

International commodity trader ED&F Man has secured unanimous backing for its UK scheme of arrangement during two creditors’ meetings.

02 September 2020

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