Regional news: Germany

Deloitte hires Luther partner in Hamburg

INSOL Europe’s deputy president Frank Tschentscher is set to join Deloitte Legal’s Hamburg office from Luther Rechtsanwaltsgesellschaft.

23 June 2021

Round-up: new hires for advisory firms across Europe

Alvarez & Marsal has hired a managing director from Deloitte in Germany, while RSM has lost two practitioners in Ireland and London, but added a partner in Leeds - and US global credit manager GoldenTree has welcomed a new European restructuring head in London.

15 June 2021

New York suit dismissed after furniture maker files German insolvency action

German furniture manufacturer Münsterland Gruppe has successfully thrown out a breach of contract claim in New York after a US district court granted comity to its German insolvency proceedings.

14 June 2021

Steinhoff investors’ consortium drops claims, but settlement still faces hostility

A consortium of shareholders seeking to disrupt South African conglomerate Steinhoff’s global settlement has withdrawn its opposition to the group’s Dutch suspension of payments proceedings – but other claimant groups remain hostile in the Netherlands and South Africa.

08 June 2021

BonelliErede helps rescue Italian Greensill casualty

Italy’s BonelliErede is advising Venice-based bank Ifis on its purchase of a local lender out of compulsory liquidation, after it collapsed under the weight of its exposures to Greensill’s German banking subsidiary.

28 May 2021

GPG payments arm’s insolvency opened in Bremen

A company that acted as the finance raising arm for the disgraced German Property Group, into which thousands of British and Irish investors poured their life savings, has been placed into formal insolvency proceedings in Bremen along with the rest of the group.

24 May 2021

Alvarez & Marsal hires in Asia and Europe

Private investor and consultant Tod Macri has joined Alvarez & Marsal as a senior adviser in Hong Kong, while the firm has also hired three directors in its debt advisory teams in London and Frankfurt.

11 May 2021

Sanjeev Gupta’s Liberty Steel appoints restructuring committee, faces winding-up petitions

Norton Rose Fulbright, PJT Partners and Alvarez & Marsal are advising a new international restructuring and transformation committee appointed by Sanjeev Gupta’s Liberty Steel Group to help it navigate trade finance provider Greensill’s collapse.

06 May 2021

Enyo hires from Eversheds following Greensill’s UK recognition

Just weeks after helping the German administrator of Greensill Bank secure recognition in the UK, Eversheds Sutherland partner Jamie Leader has left the firm for Enyo Law.

26 April 2021

Third party payments subject to contract’s governing law not insolvency rules, CJEU says

A shipping company’s German liquidator has failed to recover payment of an affiliate’s Dutch law debt, after an EU court found that third party payments are subject to the governing law of their contract rather than insolvency proceedings.

23 April 2021

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