Reorganisation and Restructuring

Restructuring Advice

• Legal, business management and tax advice for companies in crisis
• Preparation of planning and scenario calculations and action plans, development of restructuring concepts
• Profit and liquidity planning, controlling
• Plausibility review of solvency forecasts
• Assistance with bank reporting

Employment Law

• Design of staff reduction measures, voluntary programmes, transfer companies, mass redundancies
• Negotiations with trade unions and works councils; restructuring collective agreements, reconciliation of interests, social plans
• Short-time work, outsourcing, transfer of undertakings, closure
• Company pension schemes

Financing and Banking Law

• Advising borrowers and credit institutions:
• Waiver requests (e.g. due to breaches of covenant).
• Non-performing loans and their (re-)collateralisation, collateral pooling agreements
• Standstill agreements
• Bridging and restructuring loans
• Realisation of collateral

Advising Creditors

• Advising customers and suppliers in crisis and in the event of the insolvency of a contractual partner
• Examination and enforcement of rights to segregation and preferential satisfaction
• Negotiation of agreements on further production and resale
• Advice on the provision and realisation of collateral
• Defence against insolvency avoidance claims

Advising Directors and Officers

• Avoidance of liability risks
• Defence against directors' and officers' liability claims
• Enforcement of claims under insurance law, in particular actions for coverage

Distressed M&A

• Carrying out legal, tax, financial Due Diligence investigations
• Contract drafting and negotiation
• Preparation of and overseeing the entire bidding process
• Company valuation, planning calculations
• Analysis and structuring of the transaction object, including tax structuring

Distressed Real Estate

• Restructuring of real estate and real estate portfolios, acquisition and sale of real estate including tax structuring
• Advice on tenancy law in the event of a tenant crisis

Support for Insolvency Administrators

• Assertion of insolvency avoidance claims
• Assertion of directors' and officers' liability claims and claims for damages
• Drafting and negotiating continuation and loss assumption agreements
• Ongoing tax advice

Restructuring & Insolvency Administration

• Filing for insolvency
• Legal support for the initiation and implementation of proceedings pursuant to the Act on the Stabilisation and Restructuring of Businesses (StaRUG)
• Regular insolvency proceedings/self-administration proceedings
• Assumption of the role of restructuring representative (StaRUG)
• Assumption of the role of insolvency administration/property administration