Europe - Germany • Restructuring and insolvency

Dentons

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Dentons‘ restructuring practice is based in Berlin and Frankfurt and has expertise in distressed M&A, restructuring via trusteeships and restructuring companies as well as in advising lenders and coordinating bond and promissory note creditors; the team is particularly active in the area of ​​financial restructuring. The European head of the restructuring practice Andreas Ziegenhagen is renowned for his expertise in trusteeships and also advises on insolvency law; he jointly heads the German restructuring practice with Arne Friel, who is well versed in cross-border distressed transactions, corporate law matters and large restructurings. Dirk Schoene (trusteeships, pre-insolvency restructuring, distressed M&A, protective shield and self-administration proceedings) and Holger Ellers (restructuring, distressed M&A, insolvency) are other key contacts of the practice. In January 2023, Hans Beyer (out-of-court restructuring, restructuring proceedings according to StaRUG, self-administration, protective shield and insolvency plan proceedings) joined the team; he was previously at K&L Gates LLP.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Restructuring at the highest level. One of the most competent and fastest restructuring teams in the market. Collegial team.'
  • 'Andreas Ziegenhagen: Rightly one of the market leaders for decades. Legally the highest level paired with perfect solution-orientedness.'
  • 'Dirk Schoene: Precise, fast, at a high level. Tough on the matter but fair negotiator.'
  • 'Special tax law expertise in the context of restructuring, very extensive experience in restructuring matters, including unusual processes.'
  • 'Andreas Ziegenhagen: Pragmatic, fast, excellent in terms of tax law, very good quality and creative solutions.'
  • 'Dentons is a leader in pre- and out-of-court restructurings, cross-border matters and debt securities.'

Key clients

  • WELLE Environmental Group
  • Mobisol
  • Europäische Kommission
  • E.I.M.G. GmbH & Co. Installationstechnik KG (E.I.M.G.)
  • Wealth Option Trust Ltd.
  • Fissler GmbH
  • Christian Otto
  • Worldpay Limited
  • Lilabäcker
  • Dradura Holding GmbH & Co KG
  • Harz-Metall GmbH
  • Air Berlin PLC
  • Losberger de Boer
  • PROKON Regenerative Energien eG
  • Recylex-Gruppe
  • Treveria F S.à r.l.
  • Keller Group GmbH
  • Accentro Real Estate AG
  • Adler Group S.A.

Work highlights

  • Representation of the promissory note creditors of the automotive supplier Huf in the context of an extension of the term of the existing promissory note loans.
  • Advising and coordinating the promissory note creditors of the automotive supplier Leoni in the context of the financial restructuring in connection with the implementation of the restructuring concept using the corporate stabilization and restructuring law (StaRUG).
  • Advising WELLE Environmental Group on the takeover of EuRec in Germany and on the restructuring of the management team.

Practice head

The lawyer(s) leading their teams.

Andreas Ziegenhagen, Arne Friel

Other key lawyers

Dirk Schoene, Holger Ellers, Hans Beyer, Daniel Fritz