CMS advises on both preventive and insolvency-related matters, working with administrators, financial institutions, insurers, healthcare providers and automotive suppliers on restructuring and insolvency plans. Stuttgart-based practice head Alexandra Schluck-Amend specialises in preparing and implementing reorganisation concepts both in out-of-court restructurings and during insolvency proceedings. She also advises distressed companies on enforcement of their interests and the appropriate strategies in crisis and insolvency situations. Key partner Michael Frege, based in the Leipzig office, brings extensive experience as both an advisor and insolvency administrator. In October 2024, Susann Brackmann joined the firm’s Hamburg office, adding broad expertise across all areas of reorganisation and insolvency law.
Insolvency in Germany
CMS
Praxisleiter:
Alexandra Schluck-Amend
Weitere Kernanwälte:
Michael Frege; Susann Brackmann
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Dr Beck & Partner GbR Rechtsanwälte
Dr Beck & Partner GbR Rechtsanwälte focuses exclusively on insolvency administration and insolvency law. The practice includes eight insolvency administrators, supported by specialists in related areas of law such as labour, corporate and business law, who manage cases at the local, national and international levels. In addition to traditional insolvency administration, the firm also oversees self-administration and creditor protection proceedings, as well as trustee mandates under the ESUG. The team is co-led led by experienced insolvency administrators Joachim Exner and Hubert Ampferl, who handle large and complex insolvency cases. Exner is tasked with overseeing the administration of internationally active manufacturing companies, particularly in the mechanical and plant engineering, and automotive supply industries, while Ampferl provides support in complex self-administration and protective shield proceedings.
Praxisleiter:
Joachim Exner; Hubert Ampferl; Siegfried Beck; Christian Adolf; Mechthild Bruche; Michael Bauer; Ulf Pechartscheck; Tobias Wittmann
Referenzen
‚Joachim Exner is, for good reasons, the leading insolvency administrator for large suppliers in the automotive industry. In light of the outlook for the next 5 years in the automotive industry, he definitely will be top of the market. Very reliable. High operational skills. Has the trust of OEMs and leading German banks. Impressive performance.‘
‘Beck & Partner is a hands-on, tier-one insolvency administrator firm. Highly committed. Highly reliable. A hidden gem.’
‚The outstanding partners are Joachim Exner and Hubert Ampferl. They are very experienced insolvency administrators and capable of handling large and complex insolvency cases.‘
Kernmandanten
BayWa AG
WKW Group
ENDOR AG
Lippert GmbH & Co. KG
Rhodius GmbH
MT Technologies GmbH
GÖRG Partnerschaft von Rechtsanwälten mbB
GÖRG Partnerschaft von Rechtsanwälten mbB assists companies in financial distress, strategic investors and PE or hedge funds in complex insolvency and restructuring proceedings, including self-administration, protective shield proceedings and out-of-court liquidation of companies. Christian Bärenz and Gerrit Hölzle jointly lead the practice. Bärenz has experience in all aspects of corporate crises, with particular expertise in insolvency-related M&A transactions, while Hölzle serves as insolvency administrator and trustee, and takes on board or management functions in self-administration proceedings. They are supported by Thorsten Bieg, Holger Leichtle, and Torsten Martini, who have extensive experience acting for national and international companies, creditors, investors, supplies, and customers in crises situations.
Praxisleiter:
Christian Bärenz; Gerrit Hölzle
Weitere Kernanwälte:
Thorsten Bieg; Holger Leichtle; Torsten Martini
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White & Case LLP
The practice at White & Case LLP continues to assist clients in high-profile insolvency proceedings as administrators, whilst also advising on preventive restructuring and distressed M&A across sectors such as real estate, energy, retail, and healthcare. Practice leader Sven-Holger Undritz is highly experienced in insolvency and corporate reorganisation law, with recent deals involving renewable energy companies and airlines. He works alongside Biner Bähr, who is recognised for his expertise in insolvency proceedings, especially in matters with cross-border corporate structures. Christoph Schulte-Kaubrügger is regularly appointed as an insolvency administrator, custodian, or restructuring officer in complex matters, while Sylvia Fiebig handles formal insolvency proceedings, as well as restructuring deals, with particular focus on operational reorganisation and change management. Andreas Kleinschmidt is another key member of the team.
Praxisleiter:
Sven-Holger Undritz
Weitere Kernanwälte:
Biner Bähr; Christoph Schulte-Kaubrügger; Sylvia Fiebig; Philipp Hackländer; Jan-Philipp Hoos; Andreas Kleinschmidt; Bero-Alexander Lau
Referenzen
‘Excellent insolvency lawyers. Top of the market, both in out-of-court and in-court restructuring.‘
‚Biner Bähr is characterised by his very calm, level-headed and determined manner. Its excellent network enables above-average results in the liquidation of large company complexes in the context of insolvencies. Even in tricky situations, he keeps a cool head and makes it possible to negotiate the best possible solution for the parties involved through targeted discussions.‘
‘The team has outstanding expertise in insolvency and restructuring. It is helpful that this is rounded off by knowledge of corporate and tax law, as these two areas of law are often affected in the context of insolvency proceedings. The team succeeds in keeping the perfect balance between strict legal processing and pragmatic economic solution and achieving a good result for all stakeholders and also justifying this.‘
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- Advising The Body Shop Germany GmbH on a successful restructuring and sale process, resulting in the transfer of the majority of its German retail locations in autumn 2024 following the opening of insolvency proceedings.
- Advising on the insolvency proceedings of Leipzig-based Gröner Group GmbH and its founder, including the continuation of business operations amid ongoing criminal and financial investigations and intense media scrutiny.
- Advising Gerhardi Kunststofftechnik GmbH, a German automotive supplier, on its insolvency proceedings and the full continuation of business operations across three sites following the appointment of a preliminary insolvency administrator in November 2024.
Grub Brugger
Grub Brugger advises on a broad spectrum of insolvency and restructuring matters, including self-administration, protective shield, and trusteeship proceedings, as well as company sales out of insolvency for German and international investors. The practice is jointly led by Jochen Sedlitz, who is frequently appointed as insolvency administrator in proceedings of all sizes and from all industries, and Martin Mucha, who specialises in the reorganisation of medium-sized and large companies in crisis. Nora Sickeler is also a key member of the team.
Praxisleiter:
Jochen Sedlitz; Martin Mucha
Weitere Kernanwälte:
Nora Sickeler
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- Advised furniture retailer Opti Wohnwelten Group on self-administration proceedings involving 40 branches and numerous employees, leading to the closure of 10 branches while ensuring continued supply to the purchasing association.
- Advised Stark Druck GmbH & Co. KB in preparation of self-administration proceedings involving 600 employees.
Anchor Rechtsanwälte
Noted for its great knowledge of the industry, the practice at Anchor Rechtsanwälte focuses on every aspect of insolvency law, including self-administration, trusteeship, and protective shield proceedings, and provides support for companies, shareholders, and creditors in complex crisis and turnaround situations. This includes handling corporate restructuring under the StaRUG framework, distressed M&A deals, and advising on liquidation strategies. Key names include Silvio Höfer, Martin Hörmann, and Michael Verken, all of whom have extensive experience as insolvency administrators.
Weitere Kernanwälte:
Robert Hänel; Silvio Höfer; Martin Hörmann; Michael Verken; Alexander Zarzitzky; Tobias Wahl, Sarah Wolf
Referenzen
‘Perfect combination of experience and pragmatism; as well legally as commercially. ’
‘Modern law firm, very approachable partners, smart, fast, pleasant people.’
‘Michael Verken is one of the best insolvency administrators in Bavaria. Alexander Zarzitzky is very strong younger insolvency administrator.‘
Kernmandanten
Volocopter GmbH
Lilium Aerospace GmbH
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- Advised Boryszew Group, an international automotive supplier, with Silvio Höfer appointed as insolvency administrator of Boryszew Kunststofftechnik Deutschland GmbH and its two subsidiaries, Boryszew Oberflächentechnik GmbH and Boryszew Formenbau GmbH.
- Advised Volocopter GmbH, a startup specialising in electric aircraft, with Tobias Wahl appointed as insolvency administrator.
- Advised Kelheim Fibres GmbH, a manufacturer of specialty viscose fibers, with Michael Verken appointed as administrator, while business operations continue and efforts to secure suitable investors are ongoing.
BRL BOEGE ROHDE LUEBBEHUESEN
BRL BOEGE ROHDE LUEBBEHUESEN supports clients in all aspects of insolvency law, including self-administration and insolvency planning, as well as insolvency-related labor and tax matters, with particular recognition in the hospital, renewables, retail, non-profit, and aviation sectors. The team is jointly led by Stefan Denkhaus, Friedemann Schade, Friedrich von Kaltenborn-Stachau, and Dorothee Madsen, all of whom bring unique experience in insolvency and restructuring work.
Praxisleiter:
Stefan Denkhaus; Friedemann Schade; Friedrich von Kaltenborn-Stachau; Dorothee Madsen
Kernmandanten
GALERIA Karstadt Kaufhof GmbH
DRK gemeinnützige Krankenhausgesellschaft mbH Rheinland-Pfalz
FSG-Nobiskrug Gruppe
Krankenhaus Geesthacht GmbH
St. Josefs-Hospital Cloppenburg gemeinnützige GmbH
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- Advising GALERIA Karstadt Kaufhof GmbH on the sale through an insolvency plan to a US/German bidding consortium.
- Advising DRK gemeinnützige Krankenhausgesellschaft mbH Rheinland-Pfalz on self-administration proceedings.
- Advised on the sale of the Nobiskrug Werft shipyard site in Rendsburg and the Flensburger Schiffbau-Gesellschaft shipyard site in Flensburg, both on behalf of insolvency administrators Christoph Morgen and Hendrik Gittermann.
GvW Graf von Westphalen
GvW Graf von Westphalen handles all aspects of insolvency law, including self-administration, litigation, and insolvency avoidance, and is noted for being well-versed in D&O matters related to insolvency. Under the leadership of Wolfram Desch, the practice also supports clients in restructuring-related work, such as in distressed M&A deals or StaRUG proceedings. Desch advises companies in distressed situations and represents creditors in asserting their interests in crisis scenarios and insolvency proceedings, with particular expertise in insolvency litigation.
Praxisleiter:
Wolfram Desch
Weitere Kernanwälte:
Carsten Liersch; Ansgar Hain; Uli Hochdorfer; Lena Biendl
Referenzen
‘The firm is very reliable. Graf von Westfalen also has a very good reputation among other parties involved. He is exceptionally well-versed in D&O matters related to insolvency. The evaluation of the facts is also carried out professionally, and the results are very good.’
Kernmandanten
pepper motion GmbH
Staatsbetrieb Immobilien Freistaat Bayern
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Luther Rechtsanwaltsgesellschaft mbH
The insolvency and restructuring practice at Luther Rechtsanwaltsgesellschaft mbH has extensive experience in handling restructurings throughout all crisis stage, supporting clients undergoing insolvency proceedings or self-administration. Team leader Gunnar Müller-Henneberg is recognised by clients for his negotiation skills and handles a wide range of advisory services, from crisis prevention to insolvency proceedings.
Praxisleiter:
Gunnar Müller-Henneberg
Referenzen
‘Gunnar Müller-Henneberg is a good negotiator.‘
Kernmandanten
WISI Communications GmbH & Co. KG
ZMB BRAUN GmbH
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- Advised the insolvency administrator of the former Karstadt store in Bottrop on its property sale, in partnership with real estate and tax specialists.
Seitz
Seitz advises German and international companies and creditors on a wide range of insolvency law matters, including pre-insolvency restructuring and reorganisation, liquidations, insolvency litigation and forensics, as well as distressed M&A deals. The team is jointly led by Florian Lauscher and Jochen Markgraf, with Lauscher focusing on insolvency law compliance and litigation for insolvency administrators, and Markgraf handling insolvency-related restructuring and reorganisation of companies, particularly in the automotive and trade sectors.
Praxisleiter:
Florian Lauscher; Jochen Markgraf
Weitere Kernanwälte:
Fabian von Lübken; Dennis Ehrlich
Referenzen
‘The Seitz team was always competent, familiar with all the details and very responsive. They consistently took the client’s wishes into account, were strategically prudent, and calmly led the negotiations to a very respectable outcome.’
‘Jochen Markgraf is outstanding as he has a broad knowledge about the challenges the industry is facing. He is also a leader to the client and points them in the right direction.‘
‘Fabian von Luebcken has extensive knowledge and good communication skills.’
‘The interaction of the SEITZ team with the client and other consultants was far above standard. Great availability of SEITZ individuals, quality and feedback.‘
‘Florian Lauscher and Dennis Ehrlich were present for every second of the journey. They understand the issues and handled all obstacles well.‘
‚Very competent team, solution oriented.‘
‚Professionally competent, success-oriented and at the same time empathetic.’
Kernmandanten
Einkaufsbüro Deutscher Eisenhändler Gmb
HETRIS Bank GmbHFritzmeier-Gruppe
Zachert Ingenieurtechnik und Maschinenbau GmbH
Zachert Photography GmbH
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- Advised attorney-at-law Nikolaos Antoniadis, acting as insolvency administrator for the assets of the Küpper-Zelter-Gruppe, in insolvency litigation.
THEOPARK Rechtsanwälte und Steuerberater Partnerschaft mbB
THEOPARK Rechtsanwälte und Steuerberater Partnerschaft mbB advises companies and insolvency administrators on all aspects of insolvency law, including insolvency proceedings, distressed transactions, reorganisations, and restructuring deals. Practice head Rainer Schaaf is recognised by clients for his great knowledge of the legal framework, leveraging his experience in insolvency law, distressed M&A, venture capital, and corporate law.
Praxisleiter:
Rainer Schaaf
Weitere Kernanwälte:
Alexander Saueracker; Natalie Freiin von Beust
Referenzen
‘Rainer Schaaf has been the main point of contact with great knowledge of the legal framework and space the transaction has been carried out in. Schaaf has the ability to explain complex legal circumstances to novices in the space which makes him a great asset for clients to have.‘
‘Small but very agile team ideally suited for mid-market transactions.’
‘THEOPARK was a reliable and knowledgeable sparring partner in one of my transactions. They have been exceptionally approachable and can articulate problems and solutions in a client friendly manner.’
Kernmandanten
Adidas AG
EUROCOV BEVERAGE GmbH and EUROCOV HOLDING GmbH
Max Bögl Group
NürnbergMesse GmbH
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- Advising Adidas AG on the insolvency crisis of the retail sector.
- Advised insolvency administrator Volker Böhm of Schultze & Braun in the sale of several business operations of the Ziegler Group, including its house construction division around Engelhardt+Geißbauer, to investor FBSL Holding GmbH.
- Advised insolvency administrator Joachim Exner in negotiations on the settlement of the shareholding of WKW Aktiengesellschaft.