LATHAM & WATKINS

Comment: This highly recommended firm for corporate litigation has built up a huge amount of expertise in complex class action suits over the past few years. This is now coming in handy for the firm’s litigation work for S&K insolvency administrator Ahrendt: the case necessitated the evaluation of a large data set using legal tech solutions in order to enable a lawsuit to be filed against the investors in just a short amount of time. Now that the criminal proceedings have come to a close, Latham is active in a suit against former managers. Alongside these kinds of major proceedings, the practice is also able to score points with its international expertise. A high-profile example here was the settlement on behalf of Deutsche Bank in the dispute with the US authorities over mortgage-covered securities as such cases always entail D&O liability matters. Latham is normally active on the part of companies, however it also represents CEOs in individual cases and is currently instructed on behalf of a CEO at a finance company. Latham is good at consolidating individual advisory areas, e.g. ?corporate, ?insolvency and ?banking. Its corporate lawyers are always sought after in complicated disputes. For instance, the firm took over the advice to Robert Tönnies, enabling the proceedings to then be concluded with a settlement. On a less positive note, the practice lost white collar crime expert Dr. Finn Zeidler to Gibson Dunn.
Strengths: Sector specialization in banks and ?PE houses, also family businesses.
Recommended: Dr. Christian Scharff, Dr. Christoph Baus, Dr. Markus Rieder, Christine Gärtner.
Practice: Hamburg office traditionally focuses on family businesses, with corresponding advice on ?shareholder disputes (frequently through arbitration, ?commercial litigation and liability); also legal challenges, approval proceedings and shareholder disputes for listed and non-listed corporates; advice to members of decision-making bodies on D&O liability claims, managers and hedge funds. (Corporate: 18 partners, 4 counsel, 32 associates, 2 of counsel; dispute resolution: 7 partners, 3 counsel, 25 associates)
Clients: ?? R. Tönnies in various proceedings in the shareholder dispute with C. Tönnies sen.; A. Ahrendt as S&K liquidator in the assertion of claims against investors and the initiators of the S&K fund; Deutsche Bank in investigations conducted by the US Justice Department in connection with residential mortgage-backed securities; H. von Finck in inheritance dispute; major European bank in legal challenges and objection proceedings in Germany and Austria (approx. 300 petitioners).
  • Teilen