Sernetz Schäfer

Comment: This recommended practice for litigation and arbitration is one of the first ports of call, esp. in ?Munich, for litigious instructions and enjoys an excellent reputation in complicated disputes. In this regard, litigation on behalf of financial institutions makes up a high proportion of the workload, e.g. in the Heta affair, where Großerichter is representing HRE winding-up agency FMS in the dispute concerning the Austrian debt deferral. Besides this, the particularly partner-centric practice also focuses on D&O liability disputes. Schäfer is currently combining both specialties, representing the former CEO of a bank in one of the rare arbitration proceedings to focus on D&O liability, which is being followed with great interest in the scene. Höder is also handling high-volume D&O suits and is viewed as one of the most reputable experts for financial class actions, currently representing an investment company in the defense against prospectus liability in connection with swaps. Moreover, he forms part of a larger team representing UniCredit in ongoing investor claims linked to closed-end funds. The fact that the litigation practice has its eye on the long-term generation change was underlined recently when it brought on board lateral recruit Sabine Riser from White & Case as salary partner.
Strengths: D&O liability, banking disputes.
Recommended: Dr. Andreas Höder (“highest quality”, client; “brilliant expertise”, competitor), Dr. Ferdinand Kuris (“absolutely recommendable for banking and capital markets disputes”, competitor), Prof. Dr. Frank Schäfer (“unbeatable expertise”, competitor), Dr. Manfred Wolf (“competent and professional”, client; “highly experienced”, competitor).
Practice: Focus on banking litigation for renowned major banks and companies, ?corporate litigation and D&O litigation for companies and (former) decision-making bodies, also arbitration and insolvency disputes. (11 equity partners, 1 salary partner, 2 associates)
Clients: ?? FMS Wertmanagement in Heta litigation; Hypo Real Estate in proceedings under the Investor Model Proceedings Act concerning allegedly false ad hoc notifications (Federal Court of Justice); Deutsche Pfandbriefbank in D&O liability claims against former CEO (with Gleiss Lutz); UniCredit in defense against investor claims in connection with closed-end fund; major bank in defense against damages in EC card fees cartel.
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