Simone Schönen

Rechtsanwältin (Lawyer)
Partner
Practice Group: Restructuring & Insolvency
Practice Group: Banking & Finance

Simone Schönen practises in the area of restructuring and insolvency law. Before joining Noerr, she spent nine years working in this legal field at a leading international law firm in Hamburg. She advises on both the debtor and creditor sides, and has gained extensive experience in advising corporations, lenders and investors in the context of financial restructurings and refinancings in and out of court. In addition, her legal advice focuses on bond restructurings and insolvency-related litigation

Expertise

  • Restructuring/reorganisation 
  • Insolvency law
  • Bond restructuring 
  • Insolvency-related litigation

Career

  • Studied law at Bucerius Law School, Hamburg, and at Victoria University of Wellington (New Zealand)
  • Experience abroad: Stage at a leading international law firm in London during legal traineeship
  • Experience as lawyer with a focus on restructuring and insolvency law at a leading international law firm in Hamburg
  • At Noerr since 2019
  • Admitted to the Hamburg Chamber of Lawyers

Selected Projects

  • Advising a company in the tourism industry on directors' duties and government assistance programs related to Corona (2020/2021).
  • Advising a company in the nursing care real estate sector on redevelopment (2020/2021)
  • Advising a bank consortium on the restructuring financing of an automotive supplier (2020/2021)
  • Advising the German government on the phase-out of lignite-fired power generation (2020)
  • Advising a bank consortium on state-guaranteed syndicated financing in favor of Adler Modemärkte AG (2020)
  • Advising the financing banks of insolvent Euromicron AG on the successful sale of the com-pany‘s subsidiaries (2019/2020)
  • Advising the financing banks on a loan sale with a view to a restructuring of the borrower belonging to the automotive sector (2019/2020)
  • Condor Flugdienst GmbH: Advising on protective shield proceedings (2019/2020)
  • Advising a consortium of banks on the restructuring financing of a company in the textile industry (2019)
  • M.M.Warburg & CO (AG & Co.) KGaA: Advising the bank as the sole underwriter in a cash capital increase with subscription rights by stock corporation co.don Aktiengesellschaft (2019)
  • Fund: Advising a fund on the proposed acquisition of debt securities issued by project com-panies with a view to acquiring the business (2018)*
  • Credit institution: Advising a credit institution in its defence against a specialised and exten-sive lawsuit brought by a bankruptcy trustee for payment due to various contested transac-tions (2018)*
  • Marenave Schiffahrts AG: Advising the shipping group on the financial restructuring of its listed holding company by means of consensual complete deleveraging and sale of the entire fleet (2016/2017)*
  • Singulus Technologies AG: Advising on financial restructuring through debt restructuring with debt/equity and debt/debt swaps (2015/2016)*
  • Credit institution: Advising the bank on the financial restructuring of one of its credit portfo-lios in the shipping sector (2014/2015)*
  • IVG Immobilien AG: Advising on complex restructuring as part of insolvency plan proceed-ings, including a debt/equity swap (2013/2014)*
  • Praktiker AG: Advising on the financial restructuring of the group (2012/2013)*
  • Paper manufacturer: Advising one of the world’s largest paper manufacturers on the finan-cial restructuring of the German part of the group, including refinancing (2010)*
  • * = These clients were advised ahead of time at Noerr.

Selected Publications

  • The Amendment of Individual Clauses in Finance Contracts in accordance with the German Act on Stabilization and Restructuring Act (with Andreas Naujoks), ZRI 2021, 437
  • The New Special Regulation regarding the Restructuring and Winding-up of (Major) Banks: A Path to more Sustainability in the Banking Sector (?) (convenience translation of German headline) (co-author Dr Patrick Cichy), Denise Bauer/Gunnar Schuster (eds), Nachhaltigkeit im Bankensektor (Sustainability in the Banking Sector), published by Dr Otto Schmidt, 2016, chapter 9, p. 197-227
  • Expedited Corporate Debt Restructuring Procedures in Germany (co-author Dr Lars West-pfahl), Rodrigo Olivares-Caminal (ed.), Expedited Corporate Debt Restructuring in the EU, published by Oxford University Press, 2015, chapter 13, p. 329-357
  • Creditors' Rights and Issuer's Duties in Case of a Vote without Meeting pursuant to the Ger-man Bond Act (convenience translation of German headline) (co-author Dr Heiko Bertel-mann), ZIP 2014, p. 353-365
  • Comment on the judgment of Mannheim Regional Court dated 18 February 2011 (case no. 7 O 100/10) – The Fate of the License in Case of an Insolvency of the Licensor (convenience translation of German headline) (co-author Dr Lars Westpfahl), EWiR 2011, p. 645-646
  • Consumer Insolvency Law in International Comparison Taking into Account the Provisions on Discharge of Residual Debt (Part I) (convenience translation of German headline), ZVI 2009, p. 229-240
  • Consumer Insolvency Law in International Comparison Taking into Account the Provisions on Discharge of Residual Debt (Part II) (convenience translation of German headline), ZVI 2010, p. 81-95