Comment: A highly recommended firm for corporate litigation that recently managed to completely transform its strategy regarding the important topic of D&O liability: Noerr is now more specifically focused on advice to family and DAX companies as well as foreign investors. The firm still works for insurers but rather more in individual cases after it lost a team to Clyde, resulting in a reduced headcount, yet one that has opened up the firm to more company instructions which had previously been tricky to take on due to conflicts of interest. The practice built up around Sieg is now able to act more freely. His vast knowledge at the interface to corporate and liability law is crucial to the high renown of the practice, which also represents board members in some cases. A further important pillar in the practice is traditionally made up of shareholder disputes, as reflected for example in the Tönnies instruction, which has now ended with a settlement after years of dispute. Young partners are starting to emerge from the shadows of well-known partners such as Bürgers and Gaede thanks to the firm’s ongoing work with young talents. In traditional stock corporation disputes, the firm remains less present than e.g. Hengeler or Freshfields, which benefit from their corporate law contacts when assisting in objection proceedings. Having said that, Noerr is involved in a major case with its work for Deutsche Bank in proceedings under the Capital Markets Test Case Act.
Strengths: ?Commercial litigation and liability, D&O expertise.
Recommended: Dr. Oliver Sieg (“experienced and high quality”, client), Dr. Tobias Bürgers, Dr. Torsten Fett (“enjoys a high level of acceptance among executive boards”, client), Dr. Dieter Schenk, Dr. Bertold Gaede, Dr. Laurenz Wieneke.
Practice: Clients include Mittelstand companies in shareholder disputes as well as notable large corporates, also law firm disputes. Activity for entrepreneurial shareholders, incl. financial investors and high-net-worth individuals ( ?company succession and trusts). Litigation arising from advice on stock corporation law (legal challenges following AGMs), ?corporate and ?M&A. Preventive advice and litigation for members of decision-making bodies (with ?employment lawyers). (Corporate: 19 equity partners, 19 salary partners, 27 associates; dispute resolution: 12 equity partners, 22 salary partners, 6 counsel, 54 associates, 1 of counsel)
Clients: ?? C. Tönnies on longstanding shareholder dispute over meat corporation; Deutsche Bank in proceedings under the Capital Markets Test Case Act concerning prospectus errors related to the real estate fund IVG EuroSelect 14 “The Gherkin”; Kommunale Wasserwerke Leipzig on pecuniary claims arising from derivatives (London); Sal. Oppenheim against numerous investor damages claims with regard to Oppenheim-Esch Fund; former GfK executive on alleged breach of duty related to tax offense in Turkey.
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