Hamburg – The MV-Werften Group can continue its business operations after receiving a comprehensive stabilisation package. Following the EUR 193 million bridging loan granted in October 2020 and repaid upon delivery of the Endeavor 1 shipbuilding project, the company is set to receive further funding to secure its shipbuilding operations and to hedge complex ship financing arrangements. This further funding of up to EUR 300 million will be granted in the form of a subordinated loan and a silent participation by the Economic Stabilisation Fund (Wirtschaftsstabilisierungsfonds, WSF) set up by the German government.
A CMS team headed by lead partner Dr Christian von Lenthe advised Bundesrepublik Deutschland – Finanzagentur GmbH on all legal aspects of granting the funding package to the MV-Werften Group. The CMS team has previously advised the German government on other stabilisation packages from the Economic Stabilisation Fund. Examples include the granting of a loan to Adler Modemärkte AG during preliminary self-administration proceedings and the stabilisation of the Frimo Group.
CMS Germany
Dr Christian von Lenthe, Lead Partner, Hamburg
Dr Arne Burmester, Counsel, Hamburg
Charlotte von der Heydt-von Kalckreuth, Senior Associate, Hamburg
Dr Charlotte Dobers-Koch, Counsel, Hamburg, all Corporate / M&A
Dr Thomas de la Motte, Partner, Hamburg
Dr Joachim Kaetzler, Partner, Frankfurt
Charlotte Salathé, Senior Associate, Frankfurt
Ronja Quooß, Associate, Frankfurt
Alexander Schley, Senior Associate, Berlin, all Banking, Finance & Insurance
Dr Michael Bauer, Partner, Brussels
Roxana Mina Kruse, Senior Associate, Brussels, both Competition & EU
Joachim Kühne, Partner, Frankfurt, Restructuring and Insolvency
Inhouse at Bundesrepublik Deutschland Finanzagentur GmbH
Bernd Giersberg, General Counsel
Dr Arnd Düker, Legal Counsel
Dr Florian Hassner, Legal Counsel
Bastian Martin, Legal Counsel
Press Contact
presse@cms-hs.com
