Regional news: Germany

Hanjin to wind down European operations as international assets go up for sale

A South Korean court has granted bankrupt cargo hauler Hanjin permission to wind down its European operations, as parts of the global group’s other assets go up for sale.

25 October 2016

Kirkland, Goodwin Procter and Curtis announce promotions in US and Europe

In the past week, Kirkland & Ellis, Goodwin Procter and Curtis Mallet-Prevost Colt & Mosle have announced promotions, making up restructuring lawyers on both sides of the pond.

06 October 2016

BRUSSELS: six points to consider when shifting COMI

A recent debate in Brussels considered the virtues of different insolvency regimes in the US and EU for the purpose of choosing a centre of main interest (COMI) – and found that forum shoppers are probably best off in America.

23 August 2016

German state agency accelerates wind-up of Irish Bank

With assistance from Linklaters, a German government-backed “bad bank”, FMS Wertmanagement, has purchased over €3 billion in bonds from Irish and Luxembourg affiliates of banking group DEPFA, accelerating its winding up.

05 August 2016

BRUSSELS: protecting the wealth of Europe

The development of pre-insolvency mechanisms alongside formal tools such as schemes of arrangement has been a valuable response to complex financial issues and should be borne in mind by regulators attempting to harmonise regimes, speakers said at a conference in Brussels on 16 to 17 June.

13 July 2016

Dentons hires in Luxembourg, opens Munich office

Dentons has recruited restructuring attorney Christel Dumont in Luxembourg and launched a new office in Munich with partners hired from Norton Rose Fulbright.

04 July 2016

Community round-up: movements in Europe and the US

Recent weeks saw high-profile hires in London and Texas and partner promotions across Europe. Debt financing specialist Mark Fine has joined Willkie Farr & Gallagher as partner in the firm’s London office.

05 May 2016

French tech plant sold to “insolvent” entity appeals forum non conveniens ruling in US

A French manufacturing plant that claims its US former owner sold it off to an insolvent entity to avoid restructuring costs, has asked a US appeals court to reopen its case previously dismissed from New York on grounds of forum non conveniens, in light of new evidence arising in French courts.

23 March 2016

US affiliates of German energy company file Chapter 11 case in Louisiana

Two US affiliates of a German energy company have filed for Chapter 11 restructuring in Louisiana, as their parent faces potential liquidation under the aegis of a court in northern Germany.

03 March 2016

German insolvency proceedings spark Canadian bank winding-up action

Insolvency proceedings brought against a German subsidiary of Canada’s Maple Bank have prompted an “urgent” winding-up order against a branch of the bank in its native country.

01 March 2016

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