LATHAM & WATKINS

Comment: Yet again, there were few extensive restructuring cases this leading firm was not involved in. The partners use their sector expertise from past instructions skillfully. While it once seemed as though L&W would specialize in litigation for creditors, a broad setup is now visible: in the Hellmann Logistics and Tengelmann Group cases, L&W advised companies on the restructuring/growth process with its crisis know-how; for Unister, the firm litigated for the buyer of the main parts of the company. A team pursued claims against investors for the S&K fund insolvency administrator. New partners from corporate, who are not members of the restructuring team in the narrower sense, boast a solid track record in corporate rescue. The loss of experienced Frankfurt counsel Daniel Ehret to KWM highlights the weight of the Hamburg office for restructuring.
Strengths: International integration; diverse restructuring solutions.
Recommended: Frank Grell, Dr. Jörn Kowalewski (“very entrepreneurial”, competitor).
Practice: Litigation for investors, creditors and companies on restructuring complex loan structures, also in sales processes. Broad insolvency advice to creditors; refinancing with the involvement of the ?tax, ?bank lending and acquisition finance, ?M&A and ?employment practices. (Core team: 2 partners, 1 counsel, 8 associates)
Clients: ?? Hayfin/Mobivia regarding ATU sales process; Hellmann Logistics on operational and financial restructuring; S&K fund insolvency administrator (Ahrendt/hww) in class actions against investor; Rockaway on acquisition of insolvent Unister’s travel business; Tengelmann Group on Edeka sale.
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