We have considerable experience in insolvency cases, and .provide services in all aspects of insolvency law.

We advise foreign banks, foreign creditors and foreign shareholders who are caught in German insolvency or corporate crises.

Our services cover:

Foreign creditors – advice on how to improve their position

For foreign banks – the representation in all possible work out scenarios

For foreign shareholders – the assessment of liability with in an insolvency in order to find structures to avoid or minimize these liability risks

Furthermore, we consult foreign investors who want to buy a company out of insolvency

In the case foreign investors we investigate the liability risks which may arise for the parent company or the personal companies, and show ways in which these may be minimised, or even completely avoided.

In the case of foreign creditors, we examine the effectiveness of the securities ordered for their benefit, and subsequently evaluate the associated default risks. In a company crisis here, not only general civil law conditions need to be taken into account but also the peculiarities of insolvency law. Thus, e.g. an insolvency administrator may challenge certain securities according to §§129ff of the Insolvency Act. Alongside this, our consulting involves the retaining of those securities which are not at risk of insolvency, thus minimizing your risk of default.

We also supervise foreign managers. It is not uncommon for foreign investors to take on functions in management in the context of their investments. As a result of this, decision making and control competences are granted to foreign investors. In the case of a company crisis, however, management and supervisory boards are subject to a very strict liability. We prepare the management and supervisory boards for company crises in order that they avoid this imminent liability.

In addition to this we offer consulting on the reorganisation of companies in financial need. This encompasses all legal and business-administration measures which can be taken in a company crisis. Among these are in particular:

• Negotiations with creditors, e.g. bankers and suppliers

• Capital measures in the company

• Working-out of reorganisation and insolvency plans