Europe - Germany • Restructuring and insolvency

CMS

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CMS‘ restructuring practice is dedicated to stabilisation and restructuring, particularly in connection with the pandemic, climate crisis and geopolitical issues (most recently pertaining to the Ukraine war) as well as in connection with the economic transformation; here, the team focuses on the banking, finance, life sciences and healthcare sectors. Clients benefit from longstanding expertise in sustainable restructuring, refinancing, reorganisation measures, distressed M&A and financial restructuring. Alexandra Schnapp-Amend (cross-border restructuring and insolvency proceedings) heads the practice, which recently advised on stabilisation measures for gas companies to secure energy supplies in Germany. Rolf Leithaus is experienced in advising companies on restructuring, distressed M&A, restructuring support and insolvency-related dispute resolution, while associate Alexander Holler is well versed in financial and operational restructuring.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Very competent and pleasant team led by Alexandra Schluck-Amend. It almost doesn't matter which team members are involved.'
  • 'Alexandra Schluck-Amend: Despite the large number of clients that she looks after, she is always deeply involved in the topics of the individual mandates and is approachable. Personally, she is a very competent, empathetic but also assertive personality.'

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Key clients

  • Bundesministerium für Wirtschaft und Klimaschutz (BMWK)
  • Flughafen Friedrichshafen GmbH / Regionalflughafen Bodensee

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Work highlights

  • Advising the Federal Network Agency (BNetzA) / Federal Ministry for Economic Affairs and Climate Protection (BMWK) on stabilization measures for systemically important gas companies to secure energy supplies in Germany. Advice regarding the trusteeship of Gazprom Germania GmbH. Transfer of the ailing gas company SEFE Securing Energy for Europe GmbH (SEFE) into federal ownership to secure German gas supplies.
  • Advice on saving and stabilizing Friedrichshafen Airport against the background of the effects of the Covid-19 pandemic. Support in the sustainable restructuring as part of insolvency proceedings in self-administration with a protective shield. Development of a concept that is viable under state aid law and its successful notification to the European Commission, including the negotiation of commitments and the creation of a comprehensive restructuring plan.

Abbreviated data is displayed for this firm.