Partner
Attorney at Law (Germany)
Restructuring, Reorganization, Insolvency
Companies in crisis situations need orientation, clear perspectives, and sustainable solutions. Our Restructuring, Reorganization and Insolvency practice group supports you through all phases – as a trusted partner with legal excellence, business acumen, and genuine proximity to your company.
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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 SectionCorporate 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
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)
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
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
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
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
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
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)
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