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

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