Andreas Ziegenhagen

Practice Areas

Andreas Ziegenhagen is Germany Managing Partner and European Head of the Restructuring Group. He covers the areas of Mergers and Acquisitions (legal and tax advice), Insolvency Law, Corporate and Tax Law as well as Banking and Finance.

Andreas regularly advises financial restructuring projects and acts as representative of bondholders and promissory note loan holders (Schuldscheindarlehensgläubiger). He also acts regularly as a double-sided trustee and advises on lender led solutions in distressed situations. In debtor-in-possession insolvency proceedings Andreas acts as a fully authorized representative (Chief Insolvency Officer) for restructuring by insolvency plan proceedings. He is one of the few German lawyers who is both a qualified accountant and a tax consultant.

Andreas is a Partner at Dentons in Frankfurt/Berlin and Director of Dentons GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft. Prior to joining Dentons in 2006, Andreas spent his entire career at Haarmann Hemmelrath & Partner, where he became partner in 2001 and head of the Corporate Recovery and Insolvency practice group in 2004. He is member of the Global and European Board of Dentons. Andreas is also the editor-in-chief of the insolvency law magazine with the highest circulation in Germany, ZInsO FOKUS Sanierung, Wolters Kluwer Verlag and a member of the Executive Committee of the Insolvency and Restructuring Working Group of the German Bar Association (DAV).

Career

Dentons Partner since 2006; Haarmann, Hemmelrath & Partner – Head of Corporate Recovery and Insolvency Practice Group (Partner 2001-2005 and Associate 1997-2001); Freie Universität Berlin – Research Assistant Corporate Law (1995-1997).

Professional Memberships

TMA Germany, INSOL Europe, American Bankruptcy Institute (ABI).

Publications

Andreas has contributed to several books and published numerous articles on distressed M&A, financial restructuring, tax and insolvency law including preventive restructuring frameworks. Andreas is also editor-in-chief of the ZInsO FOKUS Sanierung, Wolters Kluwer Verlag (insolvency law magazine with the highest circulation in Germany).

Latest Books:

Co-author, “Unternehmenskauf in Krise und Insolvenz”, in: Denkhaus/Ziegenhagen, RWS Verlag, 4th edition, 2022

Co-author, “Die doppelnützige Treuhand als Restrukturierungsinstrument”, in: Thierhoff/Müller (Hrsg.): Unternehmenssanierung, C.F. Müller, 3th edition 2022

Co-author, “Steuerrecht in der Sanierung”, “M&A-Transaktionen in der Krise/Distressed M&A”, „Doppelnützige Treuhand“, in: Schmidt (Hrsg.): Hamburger Kommentar zum Restrukturierungsrecht, Carl Heymanns Verlag, 3th edition 2022

Co-author, “Sanierungsmoderation”, in: Morgen (Hrsg.): StaRUG, Kommentar zum Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen, RWS Verlag, 2nd edition 2022

Co-author, “Steuerrechtliche Grundsätze und Probleme im Rahmen der Sanierung sowie der Betriebsfortführung” in: Bieg/Borchardt/Frind (Hrsg.): Unternehmenssanierung und Betriebsfortführung, Beck Verlag, 2021

Co-author, “InsO Länderberichte Kanada, Malaysia, Indonesien, Singapur”, in: Stürner/Eidenmüller/Schoppmeyer (Publisher): Münchener Kommentar zur Insolvenzordnung, Beck Verlag, Vol. 4, 2021

Co-author, „Konzerninsolvenzrecht“: Denkhaus/Ziegenhagen/Demisch, RWS Verlag, 2019

Co-author, „Restrukturierungsrahmen und doppelnützige Treuhand als künftiges Sanierungsinstrument“, in: Morgen: Präventive Restrukturierung, Kommentar zur europäischen Richtlinie über präventive Restrukturierungsmaßnahmen, RWS Verlag, 2019

Latest Articles:

“Sechs Monate StaRUG – Bewertung der ersten Rechtsprechung zur Anwendung des neuen Restrukturierungsgesetzes,” ZInsO Fokus Sanierung, 2021, pp. 2053-2061

“Magische Mehrheitsentscheidung – Seit Jahresbeginn gibt es neue Möglichkeiten bei der Restrukturierung von Schuldscheinen,” FINANCE Sonderbeilage Top-Kanzleien, March/April 2021

“Die 10 wichtigsten im Jahr 2020 veröffentlichten höchstrichterlichen Gerichtsentscheidungen für die Sanierungs- und Restrukturierungspraxis,” ZInsO Fokus Sanierung, 2021, pp. 44-49

Referentenentwurf des BMJV zur Fortentwicklung des Sanierungs- und Insolvenzrechts – “Sanierungsrechtsfortentwicklungsgesetz – SanInsFoG,” ZInsO Fokus Sanierung, 2020, pp. 2090-2092

“Anmerkungen zur CERIL Stellungnahme zur COVID-19 und insolvenzbezogenen Gesetzgebung,” ZInsO Fokus Sanierung, 2020, pp. 931

“Auswirkungen der “Corona-Pandemie” und erste Maßnahmen der Bundesregierung,” ZInsO Fokus Sanierung, 2020, pp. 689-692

“Präventiver Restrukturierungsrahmen – Erste Anregungen durch Verbände an den Gesetzgeber zur deutschen Umsetzung,” ZInsO Fokus Sanierung, 2020, pp. 2-7

“Treuhand in Krisen- und Sanierungsfällen – Ziele und Besonderheiten,” Restart – Fachmagazin für Sanierung im Mittelstand, 2018

Personal

Andreas is one of the few German lawyers who is both, a qualified accountant and a tax consultant.

Experience

Promissory note holders of Huf: Comprehensive advice to the promissory note holders of the automotive supplier Huf Hülsbeck & Fürst (Huf) in the context of a maturity extension of the existing promissory note loans.

Bondholders of Green City Group: Representing interests of all bondholders as joint representative of the group companies Green City Energy Kraftwerkspark II, Green City Energy Kraftwerkspark III and Green City Solarimpuls I.

Bondholders of Hansapark Finance GmbH: Representing interests of all bondholders as joint representative.

Promissory note loan creditors of IFA Holding GmbH: Coordinating and advising the promissory note loan holders of German automotive supplier IFA as representative regarding the successful financial restructuring in connection with the sale of the company to AEQUITA as new shareholder.

Promissory note loan creditors of STEAG Group: Advising on the successful negotiation of comprehensive new financing for the energy producer.

Delticom AG: Advising in connection with the successful restructuring and subsequent refinancing after a fiduciary takeover of listed shares under exemption from the takeover offer in accordance with the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz).

Promissory note loan creditors of EMAG Group: Advising on the successful negotiation of a comprehensive reorganization financing in connection with the restructuring of the engineering company.

German Municipalities: Advising German Municipalities as creditors in the insolvency proceedings of Greensill Bank AG.

Clean Garant Gebäudereinigung Dr. Winkler GmbH: Advising on restructuring within the framework of insolvency plan proceedings in self-administration.

Promissory note loan creditors of Huf Group: Comprehensive representation in connection with a maturity extension of existing promissory note loans.

Promissory note loan creditors of Nanogate SE: Advising promissory note loan creditors regarding a recovery agreement with the insolvent Nanogate SE and their subsidiaries in connection with the successful sale of the core business to US-American Techniplas Group.

Promissory note loan creditors of hubergroup: Advising promissory note creditors in connection with the negotiating and implementing a financial restructuring of the printing inks and raw material producer.

Weser-Metall: Advising in the context of insolvency on the sale of its business operations to companies of the Swiss Glencore Group, which intend to continue the business in the future.

Promissory note loan creditors of Grillo-Werke AG: Coordinating and advising promissory note holders on the successful comprehensive financing concept in connection with the restructuring.

Promissory note loan creditors of Benteler Group: Coordinating and advising promissory note holders on the successful preparation of a comprehensive financing concept in connection with the restructuring of the automotive supplier.

Brandl Industries: Advising on the sale of the automotive supplier with operating subsidiaries in Romania and the Czech Republic including the management service business in Germany.

Dräger Wullenwever print + media Lübeck GmbH & KG: Advising as general representative on the successful restructuring in the framework of a protective shield proceeding. Submitting an insolvency plan with financial reorganization within the debtor-in-possession proceeding, which was confirmed by creditors and the insolvency court.

Bondholders of TUI AG: Advising Astaris Capital Management LLP and other bondholders in relation to TUI AG’s consent solicitation in respect of its €300 million Senior Notes due in 2021.

Recylex Group: Advising Weser-Metall GmbH and Harz-Metall GmbH, both group companies of the French-German Recylex Group, on a restructuring in self-administration.

ReiCo Spedition GmbH & Co. KG: Advising the insolvency administrator of ReiCo Spedition together with the associated workshop operations of ASB Autoservice und Bremsendienst GmbH on the successful sale of the insolvent business operations to the newly founded DSS Logistik GmbH and DSS Nutzfahrzeug Service GmbH.

Promissory note loan creditors of Huf Group: Representation of the promissory note holders of the automotive supplier in preparation of a comprehensive financing secured over assets in multiple jurisdictions in co-ordination with the syndicated lenders of the Group as a basis for the implementation of the group restructuring concept.

Lila Bäcker: Advising the acquiring company on the takeover of the bakery chain Unser Heimatbäcker ("Lila Bäcker") in connection with an insolvency plan proceeding and a comprehensive restructuring agreement with lenders.

Promissory note loan creditors of IFA Holding GmbH: Coordinating and advising the promissory note loan holders in the restructuring of German automotive supplier IFA as representative.

DRK Kliniken Brandenburg Thüringen: Advising DRK Kliniken and its subsidiaries within the restructuring in the framework of insolvency proceedings in debtor in possession administration as well as in the framework of complex bidding proceedings.

Losberger de Boer Group: Advising on the acquisition of the Losberger de Boer Group, a manufacturer of large tents and modular room systems, in the context of a complex restructuring process and a comprehensive restructuring agreement with lenders and shareholders.

Bondholders of Heidelberger Druckmaschinen AG: Security trustee and joint representative of a bond, issue volume of over EUR 200 million.

Sammode: Advising the owner family of French lighting manufacturer Sammode on the acquisition of Hoffmeister Group.

Pickhardt + Siebert: Advising the two operating companies of the P & S Group as general authorized representative in the framework of preliminary self-administration proceedings; advising the insolvency administrator on the sale of the assets of the companies in the opened proceedings (negotiation and conclusion of various sales contracts).

Paracelsus-Kliniken Deutschland GmbH & Co. KGaA: Lead in advising major German hospital chain Paracelsus-Kliniken and their subsidiaries and acting as general authorized representative within the restructuring in the framework of a complex bidding process and supporting the operative implementation of the insolvency proceedings in self-administration.