Clifford Chance LLP, Restructuring/Insolvency

Chambers Review

Provided by Chambers

Restructuring/Insolvency - Germany

Band 2

What the Team is Known For

Clifford Chance is a law firm with a strong restructuring team, best known for advising prominent financial institutions and banking consortiums. The team is well recognised for its strength in financial restructuring work, sought after for domestic and international restructurings in the automotive, travel and energy sector. While mostly assisting creditors and lenders, Clifford Chance also assists administrators with prominent insolvency proceedings. Clients equally benefit from the firm's prowess in handling distressed M&A transactions as well as loan agreements, where the firm can draw on its strong corporate and finance departments.

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Work Highlights

Provided by Clifford Chance LLP

Clifford Chance advised Stefan Pierer and one of its subsidiaries on a transaction that resulted in Stefan Pierer indirectly taking over 100% of LEONI after implementation of a StaRUG restructuring plan.

Strengths

Provided by Chambers

"The team successfully identified the key restructuring hurdles at the pitching stage, then swiftly handled these throughout the implementation of the restructuring arrangements."

Restructuring/Insolvency respondent
Europe

"They handled complex matters very well and several people in the team contributed and were highly knowledgeable."

Restructuring/Insolvency respondent
Europe

"The team successfully identified the key restructuring hurdles at the pitching stage, then swiftly handled these throughout the implementation of the restructuring arrangements."

Restructuring/Insolvency respondent
Europe

"They handled complex matters very well and several people in the team contributed and were highly knowledgeable."

Restructuring/Insolvency respondent
Europe

Notable Practitioners

Provided by Chambers

Kolja von Bismarck

Band 1

Kolja von Bismarck is a leading practitioner who is recognised for his longstanding expertise in the restructuring world. He often advises private equity funds and international investors on debt restructuring and acquisitions of distressed assets.

"The service is as you would expect from a leading individual: a very commercial approach, with a great ability to lead the client to the defined goal."

"Kolja is a very good strategist in complex restructuring transactions."

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Stefan Sax

Band 1

Stefan Sax is frequently mandated for his prowess in restructuring proceedings, with strength in domestic as well as multi-jurisdictional mandates. Creditors, lenders and administrators seek his advice on complex corporate and financial restructurings as well as insolvency proceedings.

"Stefan focuses on the outcome and how to achieve it, rather than a purely legal treatment."

"Stefan is one of the top German restructuring lawyers. He's one of the go-to people and can turn his hand to anything."

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Andreas Steiger

Band 4

Andreas Steiger rises in the rankings following strong client and market feedback. He assists clients from various industries with a range of restructuring mandates across Germany and Europe, including financial restructurings and enforcements of interests against insolvent corporates.

"He produces results. He's good at creating technically complex structures and at pushing them through."

"He is very good at commanding things on the restructuring side and is a very dynamic guy."

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