Europe - Germany • Restructuring and insolvency
3

Restructuring

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Milbank

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Milbank cooperates closely with the credit and capital markets practices and demonstrates particular expertise in (cross-border) financial in and out-of court restructuring; this offering is regularly drawn on by creditors, including banks, as well as distressed debt investors, debtors, shareholders and sponsors. These competencies correspond with the focus of both practice leaders, Mathias Eisen and Marlene Ruf, who regularly advise on distressed M&A, StaRUG-related proceedings and debt equity swaps. Ruf joined the practice in April 2024 from Kirkland & Ellis International LLP.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Strong and detail-oriented team with excellent technical expertise.'
  • 'Mathias Eisen has extensive expertise and underpins his legal advice with a commercial perspective.'
  • 'Highest level of professionalism taking into account the interests of all stakeholders; always technically excellent and without errors; fast implementation with very good availability of the contacts involved.'
  • 'Marlene Ruf is characterized by her professional competence, which, combined with a good sense for the right reaction at the right moment, enables her to act in a solution-oriented manner even in difficult and conflict-ridden negotiations.'

Key clients

  • Apollo
  • Capital 4
  • Carlyle Credit
  • BlackRock
  • Blackstone Credit
  • Ares
  • Arini
  • Bain Capital Credit
  • Alchemy
  • Polus Capital
  • InvestCorp
  • Spire
  • JP Morgan
  • Pemberton
  • PIMCO
  • UniCredit Bank AG
  • DZ Bank
  • Tikehau
  • Diameter Fidelity/FMR
  • Hayfin

Work highlights

  • Advising the ad hoc committee of First Lien Term Loan B creditors on the financial restructuring of the Wittur Group.
  • Advising Corestate’s ad hoc committee on the financial restructuring of Corestate Capital Holding SA, including a debt equity swap into a listed real estate company and bridge loan financing through the issuance of new super senior bonds.
  • Advising the steering committee of the bondholders of Adler Group SA on the financial restructuring of Adler Group SA by means of a replacement of the issuer and subsequent amendment of the bond terms and conditions through an English restructuring plan.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Mathias Eisen
Milbank
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Marlene Ruf
Milbank

Practice head

The lawyer(s) leading their teams.

Mathias Eisen, Marlene Ruf

Other key lawyers

Barbara Mayer-Trautmann