Noerr advises IFB Hamburg on setting up Hamburg Stabilisation Fund
Noerr has advised Hamburg Investment and Development Bank (Hamburgische Investitions- und Förderbank - IFB Hamburg) on establishing the “Hamburg Stabilisation Fund” (HSF).
The HSF is a special fund of up to €1 billion established by the City of Hamburg to use capital measures to stabilise Hamburg businesses whose existence is threatened by the COVID-19 pandemic. The HSF’s main stabilisation instruments are silent participations and guarantees. The HSF is managed by a subsidiary of IFB Hamburg.
Noerr provided IFB Hamburg with comprehensive advice on all legal aspects involved in setting up the HSF, especially drafting the master documents for the HSF’s stabilisation instruments.
Advisors to Hamburg Investment and Development Bank (IFB Hamburg)
Noerr LLP
Volker Land (Hamburg, Corporate/M&A), Moritz Koch (Hamburg, Private Equity, joint lead)
Sarah Blazek (Antitrust, Munich), Matthias Geurts (Tax, Frankfurt), Jens Kunz (Financial Regulatory, Frankfurt), Holger Schmitz (Public Law, Berlin), Simone Schönen (Restructuring, Hamburg), Pascal Schumacher (Data Protection, Berlin), Ingo Theusinger (Capital Markets, Dusseldorf), Michael Tommaso (Tax, Berlin), Laurenz Wieneke (Capital Markets, Frankfurt)
Associates: Jan Hoffmann Linhard, Kjell Jacobsen (both Corporate/M&A), Stephanie Otte (Restructuring), Ramon Sieven (Corporate/M&A, Hamburg);
Carl-Wendelin Neubert (Public Law, Berlin)
IFB Hamburg
Dorothee Heider (In-house counsel)
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