Regional news: Germany
Bremen court appoints German Property Group creditors committee
The Bremen court hearing a disgraced German real estate investment scheme's billion-euro insolvency proceedings has appointed a provisional creditors’ committee to represent the interests of some of the international pensioners it targeted.
12 November 2020
Flöther appointed Sundair trustee as another airline comes down with covid-19
Charter airline Sundair has entered protective shield proceedings in Germany, where the court has appointed Lucas Flöther as provisional trustee and a host of counsel have come on board.
09 November 2020
English court sanctions KCA Deutag’s scheme
International oil and gas services company KCA Deutag has secured court sanction of its English scheme, which its lawyers say is likely to be given effect in Russia, Oman, Norway, Germany and the US.
05 November 2020
Latham & Watkins announces January promotions
Latham & Watkins has announced promotions for two members of its restructuring and special situations group in London and Hamburg, as five other lawyers with relevant experience are also elevated across the firm.
30 October 2020
Deloitte appointed liquidators of Wirecard’s Irish arm, US business sold
Joint provisional liquidators have been appointed over the Irish arm of scandal-hit German payments processor Wirecard, while a US holding company backed by Centerbridge and Bain Capital has bought its North American business.
29 October 2020
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