Regional news: Germany

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

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

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