Regional news: Germany
AlixPartners strengthens globally
AlixPartners has announced seven promotions across its restructuring group in the US and Europe, and hired McKinsey & Co partner Karsten Lafrenz in Germany.
14 January 2021
Community roundup: Hires at Jeantet, White & Case and GÖRG
Updated: European firm Jeantet has established a restructuring practice with a four-lawyer team from France's Fidal in Paris; while White & Case has hired from Clifford Chance in Japan and GÖRG from Anchor Rechtsanwälte in Germany.
11 January 2021
First “persons unknown” injunction granted in Malaysia
In the first reported judgment of its kind in Southeast Asia, a Malaysian court has granted a Mareva injunction to help a German chemical company recover funds from an unknown international fraudster.
06 January 2021
Air Berlin fails to block English Etihad litigation on appeal
Air Berlin’s administrator must face an English challenge to his €2 billion German contract breach claim against Etihad Airways, after a London appeal court ruled that EU law allowed the dispute to be heard in England under an “asymmetric” jurisdiction clause.
18 December 2020
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