Restructuring, Reorganization, Insolvency

Send Inquiry

Our Philosophy

Crises have many causes, and no two are alike. What is crucial is a holistic approach that combines legal and business expertise. Our experts have many years of experience in national and international proceedings and are familiar with the specific characteristics of various industries – from industry to trade to services.

We advise companies, investors, credit institutions, insolvency administrators, and other stakeholders of companies in crisis. Whether it’s a restructuring report, restructuring proceedings under StaRUG, protective shield proceedings, or Distressed M&A, we pave the way for legally sound solutions. In doing so, we create trust, hedge liability risks, and create clear perspectives for a successful future.

Our Services

Skip Section

Corporate Crisis and Restructuring Self-administration and Insolvency Plan Restructuring Proceedings, StaRUG Distressed M&A Organ Liability and Insolvency Avoidance Insolvency Administrator Consulting Credit Institutions in Crisis Engagements Investors in Companies in Crisis Creditor & Stakeholder Representation Skip Section

Corporate Crisis and Restructuring

We guide companies through the crisis – with integrated legal and economic solutions. We create transparency about the situation, risks, and room for maneuver and develop a procedure-open restructuring architecture based on this. This creates a plannable way out of the crisis that is legally sound, economically viable, and geared towards sustainable competitiveness and the long-term preservation of the company. We actively shape, accompany, and support this path – from crisis diagnosis and the development of a restructuring concept or plan plausibility assessment to stakeholder/bank moderation.

Our focus

Analysis of crisis stages and causes as well as insolvency application obligations
Preparation and plausibility assessment of corporate planning
Development of restructuring concepts and reports
Moderation of stakeholders, in particular bank moderation (financing, covenants)
Development of a restructuring strategy, if necessary using a restructuring or insolvency procedure

Raik Müller

Partner

Attorney at Law (Germany)

Send Inquiry

Self-administration and Insolvency Plan

We design and manage complex procedures – with the aim of continuation and value retention. We safeguard the management’s ability to act and open up a new perspective for companies. From the initial course setting to the insolvency plan, we not only deliver legally sound solutions, but also actively manage the implementation in self-administration alongside the management. Thanks to our close integration of legal and business expertise, we quickly create clear structures and thus promote the trust of creditors and investors.

Our focus

Review and structuring of the application strategy (self-administration, protective shield)
Preparation of integrated plans for self-administration and plausibility assessment of existing models
Management of self-administration including measures and project management
Development and preparation of insolvency plans
Preparation of the certificates according to § 270b InsO (protective shield)

Raik Müller

Partner

Attorney at Law (Germany)

Send Inquiry

Christian Knittel

Partner

Attorney at Law (Germany)

Send Inquiry

Restructuring Proceedings, StaRUG

We review, plan, and manage restructuring proceedings, in particular StaRUG proceedings – with legally and process-safe implementation. We bundle legal and business expertise and implement the process in a structured, transparent, and efficient manner. The result: predictable processes, quick decisions, and sustainable stabilization that supports the continued existence of the company.

Our focus

Review of suitability, opportunities, and risks as well as development of the procedural strategy
Preparation and structuring of the restructuring plan
Application for and management of stabilization orders as well as judicial plan confirmation
Implementation of restructuring moderation, moderation of creditors to overcome the crisis
Management and monitoring of implementation including plan monitoring

Raik Müller

Partner

Attorney at Law (Germany)

Send Inquiry

Christian Knittel

Partner

Attorney at Law (Germany)

Send Inquiry

Distressed M&A

We structure and implement Distressed M&A transactions – quickly and with legal certainty from risk analysis to closing. We guide buyers and sellers through due diligence, negotiation, and contract drafting. In doing so, we rely on our experience in crisis situations and our knowledge of the usual stakeholders in the distressed environment. Clear legal and economic decision-making bases as well as stringent process and measures management reduce risks and enable an economically viable transfer of companies or assets.

Our focus

Structuring of asset or share deals
Conducting due diligence and risk assessment
Preparation of reliable, integrated plans and review of restructuring capability
Drafting and negotiation of contracts (APA/SPA) as well as ancillary agreements
Management of the transaction process until closing

Raik Müller

Partner

Attorney at Law (Germany)

Send Inquiry

Nadine Schug

Associate Partner

Attorney at Law (Germany)

Send Inquiry

Organ Liability and Insolvency Avoidance

We analyze risks – with the aim of avoiding organ liability and avoidance claims through preventive measures. We combine legal assessment with business analyses and develop individual, practical prevention measures, for example the design of contracts and payment flows that are secure against avoidance or the implementation of documentation processes. If a claim is made, we take over the out-of-court and in-court defense – with a clear strategy and transparent cost-benefit analysis.

Our focus

Analysis of organ liability and avoidance risks as well as development of avoidance strategies
Design of insolvency-proof, avoidance-proof contracts, payment flows, and collateral
Advising the management on organ duties in the crisis and implementing documentation and compliance processes
Out-of-court and in-court defense against organ liability and insolvency avoidance claims
Business analysis and expert determinations of insolvency and over-indebtedness (e.g. IDW S11) as well as review of liability-relevant processes

Christian Knittel

Partner

Attorney at Law (Germany)

Send Inquiry

Nadine Schug

Associate Partner

Attorney at Law (Germany)

Send Inquiry

Insolvency Administrator Consulting

We support insolvency administrators – with the aim of efficient procedure processing and increasing the insolvency estate. We accompany all phases in a structured and transparent manner, both legally and economically. We secure assets – also across borders –, enforce avoidance and organ liability claims, develop viable insolvency plans, and manage M&A processes until closing.

Our focus

Preparation and plausibility assessment of corporate planning
Implementation of the complete M&A process from investor search to contract drafting
Determination and enforcement of avoidance and liability claims
Development of insolvency plans
International asset protection through our global network

Christian Knittel

Partner

Attorney at Law (Germany)

Send Inquiry

Nadine Schug

Associate Partner

Attorney at Law (Germany)

Send Inquiry

Credit Institutions in Crisis Engagements

In complex restructuring situations, we create the necessary transparency and security. We develop restructuring concepts and reports (IDW S6), prepare integrated corporate plans, and assess the plausibility of existing models. To enable credit institutions to make quick and comprehensible decisions, we deliver reliable decision-making bases and legally sound documentation from a banking perspective. This is followed by ongoing bank reporting with KPI monitoring and measures controlling – for early risk detection and clear management.

Our focus

Development of restructuring concepts and reports (e.g. IDW S6)
Preparation and plausibility assessment of corporate planning
Ongoing reporting and controlling of economic development
Management and monitoring of the implementation of restructuring measures
Moderation of the stakeholders

Raik Müller

Partner

Attorney at Law (Germany)

Send Inquiry

Christian Knittel

Partner

Attorney at Law (Germany)

Send Inquiry

Investors in Companies in Crisis

We support investors in investments in companies in crisis – from risk analysis to the implementation of the transaction or the restructuring of the engagement. We review target companies, assess crisis stages, develop viable deal structures, and manage due diligence, negotiations, and contracts. In existing engagements, we combine legal and business expertise and ensure quick, reliable solutions for stabilization and realignment – from acute liquidity securing to sustainable restructuring.

Our focus

Conducting a risk assessment as well as analysis of crisis stages and insolvency application obligations
Preparation of integrated plans and review of restructuring capability
Contract drafting in the investor’s interest
Development of a takeover or restructuring strategy, if necessary using a restructuring or insolvency procedure
Moderation of the stakeholders, in particular bank moderation (financing, covenants)

Raik Müller

Partner

Attorney at Law (Germany)

Send Inquiry

Nadine Schug

Associate Partner

Attorney at Law (Germany)

Send Inquiry

Creditor & Stakeholder Representation

We represent creditors and stakeholders – with the aim of securing and enforcing their interests in the crisis of the contractual partner. We represent creditors and stakeholders – with the aim of securing and enforcing their interests in the crisis of the contractual partner. We analyze the legal and economic risks in the event of a crisis or insolvency, structure contracts and collateral accordingly, and prepare the insolvency case from the creditor and stakeholder perspective. If insolvency occurs, we conduct the representation with a clear focus on the highest possible returns and effective risk reduction.

Our focus

Determination and assessment of risks in the event of the insolvency of a business partner
Design of insolvency-proof, avoidance-proof contracts, payment flows, and collateral
Enforcement and securing of claims in the insolvency of a business partner
Representation on the creditors’ committee
Moderation of the stakeholders

Christian Knittel

Partner

Attorney at Law (Germany)

Send Inquiry

Nadine Schug

Associate Partner

Attorney at Law (Germany)