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Germany: Restructuring & Insolvency 2017

Twenty-six leading practitioners are highlighted in this chapter for their top-tier work in the field. This includes advising on a range of matters such as rescue, reconstruction and insolvency procedures, financings, financial restructurings, leveraged buyouts, administrations, rehabilitations, receiverships, liquidations, structuring workouts and turnarounds, and offering advice to companies both in and out of bankruptcy proceedings.

Most Highly Regarded Individuals
Annerose Tashiro Schultze & Braun, Achern
Kolja von Bismarck Linklaters, Frankfurt
Leo Plank Kirkland & Ellis, Munich
Andreas Spahlinger Gleiss Lutz, Stuttgart
Eberhard Braun Schultze & Braun, Achern

Eberhard Braun is one of two practitioners recognised at the boutique Schultze & Braun. A source echoed market sentiment by describing Braun, one of the firm’s founders, as “a grandee of German insolvency law”.  Annerose Tashiro ranks as the leading insolvency law practitioner in our research, with an outstanding cross-border practice. Respondents note that she is “responsive and very pleasant to work with”.

Wellensiek also achieves two nominations. Alfred Hagebusch’s prominent practice covers insolvency proceedings, as well as the planning and implementation of restructuring plans. One peer praises his calm negotiating skills and ability to bridge the divide between parties of interest. Alongside him, Christopher Seagon earns praise for his restructuring and insolvency practice, and as a very prominent receiver.

Michael Pluta, founder of the boutique Pluta Rechtsanwalts, is held up as a senior and well-respected figure in the market. Martin Prager’s exceptional work on insolvencies, distressed M&A and corporate restructurings has led many to consider him “a stand-out name” in the German market.

The “outstanding” Andreas Spahlinger heads the restructuring practice at Gleiss Lutz. He “has created quite a name for himself” in the space according to peers, who highlight his excellent drafting and management of restructuring plans.

CMS Hasche Sigle’s Michael Frege is a very well-known and successful trustee administrator in Germany, and is widely respected among peers for his work with financial institution insolvencies. A peer also praises his “assured and composed legal approach”.

Peter Hoegen at Allen & Overy is very well respected in the field, and heads the firm’s restructuring group in Germany. According to one respondent, “He is one of the best-known and most highly regarded advisers in relation to restructuring cases on financing, especially on the lenders side.”

At Linklaters, Kolja von Bismarck is one of the top-ranked practitioners in our research and is among the most active names in the market, particularly in relation to automotive manufacturers. A peer describes him as “one of the top three advisers in restructurings.”

Kirkland & Ellis’ Leo Plank is described by a client as “an excellent restructuring attorney: very responsive and hard-working, with a strong business sense”. Respondents also point out that he is very well-known for his work with UK investors.

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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.

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