Comment: This firm recommended in insurance is regularly seen at the side of (former) managers in large liability cases, e.g. currently for Allianz in litigation surrounding Sal. Oppenheim. Bank is considered an expert in D&O disputes with an insolvency background. He has done work for such clients as the former managers of P+S Werften and the accounting company BDO in connection with the Arcandor bankruptcy. The increasing number of disputes resulting from contentious dividend stripping deals have also brought new instructions to the partners, who are also well versed in tax law, since Schmitz was involved in the topic from the very beginning as representative of the tax lawyer Berger. This has recently led to liability instructions for an accounting firm and an international investor. The firm backed up this success by appointing Dr. Matthias Achenbach salary partner, another salary partner having been appointed already in the preceding year.
Strengths: Professional and D&O liability.
Recommended: Dr. Dirk Schmitz, Stefan Bank (“impressive track record in insolvency administrator liability and D&O”, competitor).
Practice: Litigation and risk consulting in D&O and advisor liability, often in connection with insolvencies or after failed transactions. Regular advice to insurance companies, increasingly recourse cases and defense against liability claims (esp. accountants, lawyers, insolvency administrators, notaries, as well as directors of banks and financial service providers). (2 equity partners, 2 salary partners, 3 associates)
Clients: ?? BDO against damages claim by Arcandor insolvency administrator Jauch; former manager and will executor of the former AR executive board member Hegemann in D&O dispute with insolvency administrators of P+S Werften; Berkley on D&O liability of the manager of Stift Kloster Machern and the foundation Reh Stiftung; Allianz in Sal. Oppenheim case concerning liability of the bank and shareholders in diverse proceedings; ongoing advice to Allianz on D&O and E&O, incl. product advice.