Restructuring & Insolvency

The
regulatory framework for the reorganisation of companies is becoming
increasingly complex. Following the successful introduction of protective
shield proceedings, a new set of rules has been introduced in the form of a
restructuring framework. The new framework proceedings will enable
reorganisation measures to be enforced even against the will of individual creditors,
with little court involvement and without conducting a formal insolvency
proceeding. This opens up new possibilities, but also leads to more responsibility
for the stakeholders. Creditors, as well as business owners and directors, now face
increasing demands in restructuring situations in order to take advantage of the
new legal options.
Restructuring
and insolvency situations require unique expertise, care, and discretion. We have
long-standing insolvency and company law expertise which enables us to provide full
support to our clients. This includes advice on standstill and settlement
agreements, the negotiation of financing agreements, and the use of in-court procedures
to restructure businesses. In addition to legal services we also offer crisis
consulting via our subsidiary Noerr Consulting AG, including advice on
potential reorganisation, interim management, and debtor-in-possession
administration during receivership. We also advise on, and assume an active role
in, restructuring related trust structures.
Our advice
has, on many occasions, contributed to companies being saved from insolvency or
being preserved by selling the business (or individual divisions) during
insolvency. These companies are now successfully operating on the market today,
to the benefit of all involved and the best possible satisfaction of creditors.