Regional news: Germany

English scheme meetings convened for Dutch group, as Chapter 15 filed

An English court has allowed a Dutch-owned automotive supply group to hold creditors’ meetings for a pair of schemes, as the group applied to have them recognised in the US and said it would also seek recognition in Canada and Holland.

01 August 2019

Partner to leave Piepenburg-Gerling

One of the name partners in the German insolvency firm Piepenburg-Gerling has announced his departure after 18 years working together.

25 July 2019

German car parts manufacturer files for insolvency after investor feud

German car parts manufacturer Weber Automotive has filed insolvency proceedings after a disagreement between its family owners and French private equity investors about proposed rent reductions.

08 July 2019

Rolf Rattunde 1957-2019

Insolvency administrator Rolf Rattunde, a partner at Leonhardt Rattunde in Berlin and a pioneer of insolvency plans in Germany, has died unexpectedly at the age of 62.

03 July 2019

FTI Consulting to acquire German advisory firm

Global business advisory firm FTI Consulting has entered into an agreement to acquire German restructuring advisory boutique Andersch.

28 June 2019

GRR/INSOL Europe Roundtable: What will the post-Brexit insolvency landscape look like?

Is the UK set to become a “third state” when it leaves the EU? Will insolvency proceedings opened in the UK be recognised by member states? Can UK schemes of arrangement maintain their dominance in the market? And how will legislative changes shape the post-Brexit landscape? GRR invited nine distinguished guests to find out.

02 April 2019

Airline insolvencies: Germania and Wow shut down in Germany and Iceland

Icelandic airline Wow Air is shutting down only days after securing bondholder approval for a restructuring plan, as German airline Germania also announces its closure after failing to win support for a rescue.

27 March 2019

English court stays tax authority’s MF Global claim pending German action

The German Federal Tax Office can proceed with a €52 million withholding tax claim against insolvent broker MF Global’s UK subsidiary in Germany, after the High Court in London agreed to stay its English action.

25 March 2019

German filmmaker’s estate files Florida Chapter 15

Funds in a Florida bank account belonging to the late German filmmaker and Federico Fellini collaborator Gideon Bachmann are at the centre of a new Chapter 15 application, two years after he died seemingly bankrupt in Germany.

22 March 2019

Reimer hires new head of litigation from Arnold & Porter

German bankruptcy boutique Reimer has hired Alexander Druckenbrodt as its new head of litigation in Frankfurt.

08 March 2019

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