Regional news: Germany
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
Doncasters Group seeks recognition in Delaware
Three days after the High Court in London convened a pair of scheme meetings for its first- and second-lien lenders, Dubai-owned alloy manufacturer Doncasters Group has filed Chapter 15 proceedings in Delaware.
21 January 2020
White & Case promotes in US and Germany
Two restructuring and insolvency lawyers have been added to White & Case’s partnership, as part of the firm’s largest ever round of promotions.
14 October 2019
Galapagos announces restructuring as junior creditor disputes continue
Luxembourg-incorporated industrial group Galapagos has announced the completion of a €1 billion multi-jurisdictional financial restructuring – though “rival” insolvency proceedings in Germany and noteholder lawsuits in New York rumble on.
10 October 2019
III founder member joins White & Case in Berlin
White & Case has hired German academic and International Insolvency Institute (III) founder member Christoph Paulus as of counsel in its Berlin office.
11 September 2019
Community roundup: Noerr, Gordon Rees, Holland & Knight, UHY Hacker Young, Fox Rothschild and BDO
Firms in Munich, Philadelphia, London and Greenville, South Carolina have all added to their restructuring practices, while advisory BDO has acquired boutique restructuring and turnaround firm Loughlin Management Partners & Co in the US.
12 August 2019