Regional news: Germany

KWM poaches partner from Latham & Watkins in Frankfurt

King & Wood Mallesons has announced its first European lateral partner hire since the collapse of its Europe, UK and Middle East arm, recruiting Daniel Ehret to head the firm's German banking and restructuring practice in Frankfurt.

02 August 2017

Community roundup: Gibson Dunn poaches Ashurst partner in Munich

In recent weeks, international firms have shaken up their restructuring teams with new hires and promotions, an insolvency specialist has been appointed to the Canadian bar, and regional firms in the UK have expanded in anticipation of business upsets on the back of political uncertainty.

21 July 2017

Pre-insolvency column: Preventative restructuring in Germany after the EU directive

A preventive restructuring framework, adapted in line with the EU’s draft harmonisation directive, could offer better chances for company rescue outside of insolvency proceedings in Germany. The Boston Consulting Group's Simon Wroblewski in Munich, Rüdiger Wolf in Hamburg and Ralf Moldenhauer in Frankfurt, discuss the benefits of future amendments in the third edition of our pre-insolvency column in association with TMA Europe.

11 July 2017

Jack Wolfskin agrees €365m debt restructuring deal with lenders

German clothing retailer Jack Wolfskin has completed the restructuring of its €365 million (US$416 million) debt pile, in a deal which will see senior creditors take control of the company in a debt-for-equity swap.

10 July 2017

GRR Live London: How to increase your leverage in a restructuring

Panelists at the recent GRR Live London discussed how to increase leverage in a restructuring, from encouraging directors to take a particular course of action, to making the most of gaps in the debtor's documentation.

03 July 2017

Delaware court upholds Lyondell on fraudulent transfers, will hear unjust enrichment claim against BMW

A Delaware court has ruled that fraudulent transfer claims under the US Bankruptcy Code can stretch to payments made abroad, and has separately agreed to hear unjust enrichment claims against Germany's BMW in the collapse of a US hybrid car manufacturer.

23 June 2017

Ontario court allows distribution of Maple Bank assets in Germany

An Ontario court has allowed the liquidators of defunct Canadian-German lender Maple Bank to hand a portion of the proceeds of its winding-up to German authorities to pay creditors facing “considerable foreign exchange risks”.

02 May 2017

Swiss company buys insolvent German cocoa producer

A Swiss buyer has stepped in to purchase collapsed German cocoa producer Euromar, as secured creditors in a sister company’s US proceedings fight attempts to subpoena various parties in a search for assets.

22 March 2017

Regulatory round-up: Swiss and German law changes, new bills introduced in US and Egypt

Switzerland and Germany have made changes to their bank recovery legislation and clawback rules respectively, while legislators in Egypt and the US have introduced new bankruptcy bills before lawmakers.

21 March 2017

Dentons poaches from Clifford Chance and Baker McKenzie in Germany

Dentons has announced the hire of three new partners with restructuring expertise in its Frankfurt and Munich structured finance teams, following raids on rival international firms Clifford Chance and Baker McKenzie.

13 March 2017

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