KIRKLAND & ELLIS

Comment: With banking cases that appeared adventurous for some in the German market, e.g. the crisis situations at Heta in Austria or Banco Popular in Spain, this leading firm for restructuring is pushing the envelope in terms of internationality. The Munich team was able to reduce the confrontational aspect in cross-border financial restructuring, as its advisors do not play an interfering role as a matter of principle, unlike some representatives of funds or other creditors. The financial corporate rescue negotiated consensually in the Jack Wolfskin case was singled out by many. The team, which was bolstered for the second time in a row with a partner appointment, works closely with the London office, giving it seamless access to financing expertise from the London market.
Strengths: Innovative financial restructuring, internationally integrated teams.
Recommended: Dr. Leo Plank (“tough but precise in technical issues, reliable negotiating partner”, competitor), Sacha Lürken.
Practice: Advice to investors ( ?PE, hedge funds) on distressed debt and ?M&A; litigation for borrowers and their management (esp. cross-border work) as well as creditors in insolvency proceedings (credit institutes and junior creditors). (5 partners, 5 associates)
Clients: ?? Shareholder of Spanish Banco Popular regarding claims after winding-up by EU Single Resolution Board; Accuride on acquisition and restructuring of Mefro Wheels; Heta creditors’ committee on closing settlement transaction; workshop chain ATU on restructuring and subsequent sale; Bartec creditor on restructuring.
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