Legal Areas
Insolvency Law & Restructuring
We advise companies, management bodies, shareholders, and investors during restructuring, in legal disputes relating to insolvency, and at all stages of distressed M&A. Insolvency administrators call on us for support in ongoing insolvency proceedings and complicated court disputes. We work closely with our colleagues in corporate law, M&A, litigation, accounting, and auditing.
Restructuring of companies
Companies can find themselves in difficulties for various reasons: a slump in sales, excessively high debt, liquidity problems, the loss of customers, or refinancing risks. Restructuring must address these issues to achieve long-term stability. Early action and thorough scrutiny will help get a company back on track. We support you throughout every phase of restructuring, so you can concentrate on your company’s success.
At a glance:
Avoidance of risks:
- Advising directors and management boards on escaping liability
- Advising directors, management and supervisory boards on avoiding recourse from insolvency administrators for breaches of duties prior to insolvency or due to the (ostensibly late) application for insolvency
- Assessing grounds for insolvency (inability to pay, overindebtedness) from economic and legal perspectives
Reduction of costs:
- Measures to secure liquidity (e.g., sale of capital assets, business units, sale & leaseback)
- Redundancies, including negotiating the reconciliation of interests and social plans
Continuation of the company:
- Debt and loan restructuring
- Preparing and assessing restructuring concepts (e.g., under the Guidance on Requirements of Restructuring Concepts of the Institute of Public Auditors in Germany, IDW S 6)
- Advising on restructuring out of insolvency (including under the Act on the Stabilisation and Restructuring Framework for Companies, StaRUG)
- Advising on insolvency, debtor in possession, and protective shield proceedings
- Drafting and developing insolvency plans to rescue the company
- Developing financing concepts
Advising insolvency administrators
As an insolvency administrator and trustee, you skilfully restructure insolvent companies with the aim of satisfying creditors as much as possible. We support you – happily as your legal department – during provisional proceedings and after the opening of insolvency proceedings so that you can optimally oversee procedures both economically and legally.
Our focus:
- Distressed M&A
- Developing and analysing insolvency plans
- Providing organisation and support for continuing operations during insolvency
- Determining and enforcing liability claims and rights of appeal
- Insolvency tax law
- Insolvency labour law (including insolvency plans, mass redundancies, and transfer companies)
- Developing and negotiating convenience and extended DIP financing
- Structuring fiduciary arrangements
- Insolvency administrator liability / professional liability insurance
Advising creditors
As a creditor, you are faced with how to avoid a loss from bad debts and how best to enforce your claims, especially when a contractual partner is insolvent. We provide you with comprehensive advice on the alternatives to ensure the insolvency of a business partner does not result in a crisis for your company.
Asserting claims:
- Reviewing and enforcing security interests
- Providing representation in creditor committees and supplier pools
- Lodging claims
Loss prevention:
- Negotiating continuation agreements
- Collateral security for supply chains
- Defending you against legal challenges
- Drafting contracts optimised for insolvency
Contacts
Markus Künzel Rechtsanwalt, Licensed Specialist for Labour Law Partner |
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Heinrich Meyer Rechtsanwalt Partner |
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Dr Dietmar Müller-Boruttau Rechtsanwalt, Licensed Specialist for Labour Law Partner |
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Dr Martin Rappert Rechtsanwalt, MBA Partner |
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Oliver Schwarz Rechtsanwalt Partner |
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Dr Christian Ulrich Wolf Rechtsanwalt Partner |
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Michael Ziegler Rechtsanwalt, LL.M. Partner |
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Experts
Simon Bauer Rechtsanwalt, Steuerberater Senior Associate |
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Wilken Beckering Rechtsanwalt Partner |
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Natalia Bogdanova Diplom-Juristin, Ph.D. Senior Associate |
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Thomas Bula Steuerberater Of Counsel |
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Christina Bülow Rechtsanwältin Senior Associate |
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Stavros Chatzoudis Rechtsanwalt Associate |
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Yekta Dündar Rechtsanwalt Associate |
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Dr Moritz Handrup Rechtsanwalt Partner |
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Dr Sebastian Kroll Rechtsanwalt, Fachanwalt für Arbeitsrecht Partner |
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Markus Künzel Rechtsanwalt, Licensed Specialist for Labour Law Partner |
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Alexey Kuzmishin Diplom-Jurist, LL.M. Partner |
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Heinrich Meyer Rechtsanwalt Partner |
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Dr Dietmar Müller-Boruttau Rechtsanwalt, Licensed Specialist for Labour Law Partner |
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Dr Gerald Peter Müller-Machwirth Rechtsanwalt, Licensed Specialist for Labour Law Partner |
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Artem Nikolaev Diplom-Jurist Associate |
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Sascha Nowottny Wirtschaftsprüfer, M.Sc. Partner |
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Maike Pflästerer Rechtsanwältin, Licensed Specialist for Labour Law Partner |
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Frank R. Primozic Rechtsanwalt, Licensed Specialist for Commercial and Corporate Law, Licensed Specialist for Tax Law Partner |
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Dr Martin Rappert Rechtsanwalt, MBA Partner |
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Oliver Schwarz Rechtsanwalt Partner |
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Haide Spanier Rechtsanwältin Partner |
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Maximilian Steffen Rechtsanwalt, Licensed Specialist for Tax Law Senior Associate |
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Dr Florian Weichselgärtner Rechtsanwalt, Wirtschaftsmediator (CVM) Partner |
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Dr Christian Ulrich Wolf Rechtsanwalt Partner |
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Michael Ziegler Rechtsanwalt, LL.M. Partner |
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