Comment: GL, a leading name for corporate rescue and recommended for financial restructuring, advised on one of the year’s major insolvencies: shipping company Rickmers. The hiring at multiple levels in this complex case shows how the long-established, broad corporate rescue approach is not dropping in quality. On the contrary, GL is always advancing into new markets. Instructions like Rickmers, as well as Scholz and ATU demonstrate how GL plays a part in the central cases, where work is generated by various offices and practices. This interwoven activity is a pivotal factor in the rise in turnover for the firm overall.
Strengths: Interdisciplinary restructuring.
Recommended: Dr. Andreas Spahlinger (“a reliable partner, also on the opposing side”, competitor), Dr. Ralf Morshäuser.
Practice: Crisis-related advice to companies, investors/shareholders and various creditor groups, ?bank lending and acquisition finance; insolvency-related litigation ( ?commercial litigation and liability); frequently with an ?employment and ?M&A element; frequent work for insolvency administrators; ?state aid law. (Core team: 8 equity partners, 3 counsel, 10 associates)
Clients: ?? ATU on restructuring, renegotiating rental contracts and sale; Rickmers Group on restructuring and insolvency; Charles Vögele on sale of German branch network; Heta on defense against €2.3bn civil law repayment claims; Mefro Wheels trustee on planned sale.
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