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Restructuring and Insolvency

Advice on insolvency matters specifically is directed to advice geared to averting insolvency and providing advice prior to imminent insolvency, as well as all issues in connection with insolvency proceedings, in particular the development and review of insolvency plans.

We provide advisory services to debtor companies with particular reference to their economic difficulties and provide them with legal advice during reorganisation. At the same time the management of the debtor company is advised on averting liability claims and acts of criminal law relevance. Creditors are given comprehensive advice regarding the crisis or insolvency of their debtors. As part of our collateral management services we develop re-organisation and wind-up concepts for the creditors aimed at protecting the creditors´collateral before and during insolvency. We also advise the creditors when restructuring and forming banks and supplier pools and observe all the creditors´rights in insolvency proceedings.

Main Focus

Main focuses of our insolvency law work are

  • Re-organisation and restructuring advice
  • Legal advice to debtors and creditors before insolvency
  • Collateral management; structuring and provision of advice to bank and supplier pools
  • Legal advice to managing directors/boards of directors
  • Draft and review of insolvency plans
  • Handling of insolvency
  • Liquidation
  • Acquisition of insolvent companies
  • Cooperation with
  • creditors´committees
  • Insolvency disputes

Führende Kanzlei für Insolvenzrecht: „Beim Insolvenzrecht zieht CMS Deutschland auf und davon – Die Großkanzlei erhält sieben Empfehlungen und liegt damit auf dem Spitzenplatz“

Kanzleimonitor 2020/2021

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Restrukturierung
Restructuring
Restructuring, Corporate Rescue & InsolvencyIn times of economic crisis, many companies are faced with uncertain business prospects: demand drops, whi
12/07/2021
Re­si­li­enz – Leit­faden für Geschäfts­führ­er und Un­ternehmens­jur­isten
Ger­ät ein Un­terneh­men oder sein Ver­trag­s­part­ner in die Krise, muss das Un­terneh­men nicht nur ro­bust aufges­tellt, son­dern auch an­pas­sungs­fähig genug sein, um auf die ver­änder­ten Gegeben­heiten schnell...
Pod­cast CMS To Go - Re­struc­tur­ing in­stead of clos­ing
Now also avail­able to listen to: In “Re­struc­tur­ing in­stead of clos­ing”...
Kris­en-Check-Tool für Un­terneh­men
(in Ger­man)

Feed

06/07/2022
CMS ad­vises All­gaier on Westron Group be­com­ing the new ma­jor­ity share­hold­er
Stut­tgart – The Westron Group has be­come the new ma­jor­ity share­hold­er in the All­gaier Group. The deal in­volves the Hun­dt fam­ily, as share­hold­ers of All­gaier Werke GmbH, and All­gaier Werke GmbH trans­fer­ring...
28/03/2022
In­solv­ency court hands down plan con­firm­a­tion rul­ing in self-ad­min­is­tra­tion...
Stut­tgart – On 16 March 2022, the loc­al court in Ravens­burg (act­ing as an in­solv­ency court) handed down a rul­ing con­firm­ing the in­solv­ency plan sub­mit­ted in Ju­ly 2021. This con­firm­a­tion ful­fils a key...
15/03/2022
European Com­mis­sion ap­proves state aid – CMS suc­cess­ful in res­cuing Friedrich­shafen...
Brus­sels/Stut­tgart – The pub­lic-sec­tor share­hold­ers of Friedrich­shafen Air­port (the fed­er­al state of Baden-Württem­berg, ad­min­is­trat­ive dis­trict of Bodenseekre­is and city of Friedrich­shafen) have been...
07/03/2022
EU and UK Sanc­tions against Rus­sia: a fo­cus on the Fin­an­cial Sec­tor
In re­cent days the EU and the UK have ad­op­ted and ex­pan­ded a num­ber of  sanc­tions meas­ures against Rus­si­an and Be­larus­i­an in­di­vidu­als and com­pan­ies. This art­icle fo­cuses on re­strict­ive meas­ures dir­ec­ted...
02/02/2022
CMS ad­vises KOLEKT­OR Mag­net Tech­no­logy on the sale of its former headquar­ters
Duessel­dorf – KOLEKT­OR Mag­net Tech­no­logy GmbH, a com­pany spe­cial­ized in the pro­duc­tion of plastic-bon­ded mag­nets for the auto­mot­ive sup­ply and elec­tric­al in­dus­tries, has sold its former headquar­ters...
23/12/2021
CMS ad­vises home24 on ac­quis­i­tion of home­ware spe­cial­ist BUT­LERS
Ber­lin – Ber­lin-based home24 SE, a lead­ing pure-play home & liv­ing e-com­merce plat­form in con­tin­ent­al Europe and Brazil, has ac­quired all the shares in But­lers, a re­tail­er of home­ware, dec­or­a­tions and...
21/12/2021
CMS ad­vises In­solv­ency Ad­min­is­trat­or on the sale of a Man­nes­mann com­pany
Düs­sel­dorf – South 1 EPC En­gin­eer­ing Gesell­schaft mbH, formerly MMEC Man­nes­mann GmbH, has sold its sub­si­di­ary, MMEC Ver­wal­tungs GmbH, to the Ca­na­dian PCG Inc. in the course of in­solv­ency. The PCG Inc...
12/2021
2021 traffic-light co­ali­tion – Im­pact of the co­ali­tion agree­ment
The “traffic-light” co­ali­tion com­pris­ing the SPD, the Greens and the FDP has now presen­ted its co­ali­tion agree­ment for the peri­od 2021 to 2025 in Ber­lin. The tri­part­ite al­li­ance is aim­ing to trans­form the so­cial mar­ket eco­nomy in­to a so­cial-eco­lo­gic­al mar­ket eco­nomy by fo­cus­ing on cli­mate and di­git­al­isa­tion is­sues. At the press con­fer­ence, the in­com­ing gov­ern­ment de­scribed it as the most ex­tens­ive mod­ern­isa­tion of the eco­nomy for more than a hun­dred years. We set out be­low how this is to be achieved, the op­por­tun­it­ies arising for your com­pany and the top­ics you need to be par­tic­u­larly aware of.
12/2021
Co­ali­tion agree­ment – A new chapter in the Ger­man In­solv­ency Act (InsO)...
The traffic-light co­ali­tion agree­ment con­tains only a few ref­er­ences to in­solv­ency law. Ma­jor changes are only planned at EU level.
19/08/2021
CMS ad­vises Ri­eter Hold­ing AG on ac­quis­i­tion of Saur­er Spin­ning Solu­tions...
Frank­furt/Main – Swiss firm Ri­eter Hold­ing AG and Saur­er In­tel­li­gent Tech­no­logy Co. Ltd. have signed an agree­ment on the ac­quis­i­tion of three busi­nesses from Saur­er Spin­ning Solu­tions GmbH und Co. KG...
29/07/2021
In­ter­na­tion­al CMS team ad­vises AP­COA Park­ing on suc­cess­ful EUR 685 mil­lion...
Ber­lin – AP­COA Park­ing, a lead­ing European park­ing op­er­at­or, placed a seni­or se­cured notes of­fer­ing of EUR 320 mil­lion of fixed-rate seni­or se­cured notes due in 2027 and EUR 365 mil­lion of float­ing...
26/07/2021
CMS ad­vises real es­tate in­vestor x+bricks on ac­cess­ing prop­erty port­fo­lio...
Düs­sel­dorf – The x+bricks Group has signed a con­di­tion­al pur­chase agree­ment with the SCP Group for 34 gro­cery-anchored prop­er­ties in Ger­many with a total rent­al area of some 425,000 square metres...