Regional news: Germany
Heated debate as Galapagos jurisdictional wrangles exchanged
A Luxembourg fund and a German insolvency administrator that are challenging the Galapagos group’s 2019 UK restructuring in the US and Europe, have laid out before an English court why they shouldn’t be joined in a claim for declaratory relief that the restructuring was valid.
18 December 2020
Baker McKenzie establishes new restructuring team in Frankfurt
Baker McKenzie has set up a new restructuring team in Frankfurt, bringing in lawyers from Clifford Chance and CMS.
03 December 2020
ECHR sides with German courts in privilege battle
A European court has found that privilege in a lawyer-client relationship may be waived if it serves an insolvent company’s interests, in cases where its interests diverge from those of its former managing directors.
23 November 2020
Santander snaps up Wirecard payments platform, with A&O advising
Allen & Overy is advising Santander on its acquisition of Wirecard’s core technology assets, the latest in a series of firesales at the collapsed German payments firm that is facing over €12 billion worth of claims.
19 November 2020
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