Commercial Litigation and Liability: Litigation
Comment: This practice comes highly recommended for litigation and arbitration proceedings, with competitors particularly highlighting its know-how in complex international disputes. L&W coordinated the global defense against damages in the air freight cartel on behalf of Singapore Airlines. It is clear here just how closely the litigation specialists are now working with practices such as ?antitrust, while they also have distinct interfaces with ?corporate, ?insolvency and ?banking. The German practice’s interaction with the strong US practice often proves advantageous, e.g. in the firm’s representation of Deutsche Bank: in the dispute concerning mortgage-covered securities, the team was able to negotiate a favorable settlement with the US authorities. Through its large client Scottish Widows, the practice has also built up a great deal of knowledge in class action suits that is now being put to good use by a team supporting Baus in a complex litigation matter connected to the S&K insolvency. In terms of staff, the practice had to overcome a few setbacks: compliance specialist Dr. Finn Zeidler moved to Gibson Dunn, while Latham lost two experienced associates in Hamburg.
Strengths: Close cooperation in banking litigation. International arbitration practice.
Development potential: The departure of Zeidler means the loss of the practice’s most renowned specialist for white collar crime disputes. Reinforcing this area is an obvious goal considering the firm’s strength in litigation. Recruiting a lateral specialized in criminal law could help here.
Recommended: Dr. Sebastian Seelmann-Eggebert (“first-class arbitrator”, competitor), Volker Schäfer, Christine Gärtner (“thorough, calm, cooperative”, competitor), Dr. Christoph Baus (“brilliant strategist and orator”, competitor), Dr. Markus Rieder (“top lawyer”, competitor).
Practice: Litigation, esp. for banks, also with regard to US authorities; also municipalities, insolvency administrators, ?media. Cartel damages ( ?antitrust); specialized in the fields of finance, energy law, automotive, technology. Frequently post-M&A arbitration proceedings and ?corporate litigation. Also investment protection proceedings in Hamburg (together with London). (5 partners, 3 counsel, 20 associates, 1 of counsel)
Clients: ?? Deutsche Bank in US settlement concerning residential mortgage-backed securities; S&K insolvency administrator in complaints against fund initiators and investors; Liberty/Unitymedia against Telekom concerning cable duct leasing; VW in claims against supplier cartels; Scottish Widows in class action on account of allegedly negligent advice.
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