THÜMMEL SCHÜTZE & PARTNER

Comment: This recommended firm for litigation and arbitration is known first and foremost for its expert knowledge in D&O and banking disputes as well as arbitration proceedings. With Thümmel, the firm has one of Germany’s most esteemed arbitrators among its ranks, whom competitors praise time and again for the precision of his arbitral awards. Another pillar is formed by D&O liability disputes, where the firm regularly and primarily assumes the role of monitoring counsel thanks to close contacts in the insurance industry. One example here is TSP’s extensive work on the VW diesel scandal on behalf of insurers. Edelmann received a lot of public attention recently when he successfully contended for a verdict before the Federal Court of Justice (Bundesgerichtshof) on behalf of Wüstenrot Bausparkasse that was noted across the industry in connection with the termination of mature building loan contracts. In Berlin, TSP gave itself a boost with a team headed up by banking litigation expert Dr. Nicolai von Holst, who joined the firm as a lateral from Deloitte Legal. In ?Stuttgart, however, partner Dr. Tanja Suchowerskyj (now at Baker Tilly) and Dr. Susanne Kratzsch (Dr. Kroll & Partner) both left TSP.
Strengths: D&O cases, banking disputes, arbitration activities.
Recommended: Prof. Dr. Roderich Thümmel (“his writs read like a first-rate textbook”, client; “confident, thorough, efficient”, competitor), Dr. Thomas Klötzel, Dr. Hervé Edelmann (“expert in loan agreements and cancellation policies”, client).
Practice: Managerial, lawyer and notary liability as well as general liability proceedings and banking litigation in investor claims. Also various monitoring instructions for insurers in D&O cases. Arbitration: corporate disputes, plant construction and distribution law (frequently with an Asian element). (7 equity partners, 2 salary partners, 6 associates)
Clients: ?? Wüstenrot in landmark suit concerning termination of mature building loan contracts (Federal Court of Justice); member of Gelita supervisory board against claim made by 2 special representatives in connection with the sale of a subsidiary; Commerzbank, Deutsche Bank (public knowledge) and various banks, savings banks and co-operative banks in investor claims; insurer with regard to VW diesel scandal (public knowledge).
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