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
Get unlimited access to all Global Restructuring Review content