Noerr strengthens Restructuring practice with new partner Dorothee Prosteder
Noerr LLP’s Restructuring & Insolvency practice group is further expanding its leading position in the market. On 1 September, Dorothee Prosteder will be joining Noerr’s Munich office as an equity partner. She is coming to Noerr from Baker McKenzie, where she co-heads its German restructuring practice group.
“With Dorothee Prosteder we are strengthening our core advisory areas, advising on classic insolvency law in the context of corporate reorganisations and on distressed transactions,” says Thomas Hoffmann, co-head of the practice. “In these areas in particular, we are currently seeing a strong upturn in business.” Noerr recently advised the management of Losberger De Boer, for example, on the group’s out-of-court reorganisation, one of the largest reorganisation processes of an international group under German law in recent times.
“Dorothee Prosteder’s entry as an equity partner demonstrates our full commitment to further growth and stresses our claim to being one of the leading advisors for complex reorganisations and M&A transactions in crisis situations,” emphasises Christian Pleister. “This in particular applies to advising distressed investors in the private equity sector,” says Pleister, who co-heads Noerr’s Private Equity practice.
“Noerr is extremely successful in corporate reorganisations and the practice group’s lawyers are involved in nearly all major German cases,” emphasises Dorothee Prosteder. “I am very much looking forward to continuing this success story together with my new colleagues, as well as in the equally successful advisory area of distressed transactions.” Dorothee Prosteder has in recent years led teams advising in particular on cross-border reorganisations and distressed transactions. She also regularly advises on classic M&A transactions.
The practice group headed by Thomas Hoffmann and Martin Kleinschmitt is specialised in complex out-of-court and court reorganisation solutions. The team advises creditor (groups) and investors in corporate reorganisations, as well as debtor companies and their corporate bodies.