Cor­po­ra­te Re­st­ruc­tu­ring / In­sol­ven­cy

In­no­va­ti­ve and re­si­li­ent.

LE­BUHN & PUCH­TA pro­vi­des stra­te­gic ad­vice to deb­tors and credi­tors in the an­tech­am­ber of in­sol­ven­cy si­tua­tions, in­clu­ding with the aim to avoid in­sol­ven­cy.

We have par­ti­cu­lar ex­per­ti­se in the area of re­st­ruc­tu­ring dis­tres­sed lo­ans, espe­cial­ly in the ma­ri­ti­me sec­tor. Wi­t­hin the con­text of dis­tres­sed M&A tran­sac­tions, we ad­vi­se on the ac­qui­si­ti­on of com­pa­nies whe­re the­re is a thre­at of in­sol­ven­cy.

The aim of our ad­vice is al­ways to de­ve­lop and im­ple­ment well-foun­ded so­lu­ti­ons that en­su­re long-term via­bi­li­ty. The re­a­son is that in the run-up to an in­sol­ven­cy sce­n­a­rio, time is usual­ly of the es­sence. Whe­re ne­cessa­ry, we can ad­just the si­ze of our team fle­xi­b­ly de­pen­ding on the re­le­vant re­qui­re­ments so as to pre­sent pro­po­sals for a de­cisi­on at very short no­ti­ce and to start ta­king mea­su­res.

We have par­ti­cu­lar ex­pe­ri­ence of re­pre­sen­ting Ger­man cli­ents in cor­po­ra­te re­st­ruc­tu­ring and in­sol­ven­cy pro­cee­dings ab­road. In­so­far as ne­cessa­ry, we can ty­pi­cal­ly in­st­ruct lo­cal law firms with whom we have worked for ma­ny ye­ars in all main ju­ris­dic­tions of the world.

  • We have ad­vi­sed the in­sol­ven­cy ad­mi­nis­tra­tor of a ship sup­plier re­gar­ding the sa­le of its en­t­i­re air con­di­tio­ning and fire pro­tec­tion tech­no­lo­gy di­vi­si­on in­clu­ding do­mestic and for­eign sub­si­dia­ries to a French cor­po­ra­te group of the HVAC sec­tor.
  • We have ac­ted for a ma­jor Ger­man ship­ping group in con­nec­tion with the re­peated com­plex re­st­ruc­tu­ring of the mul­ti-laye­red fi­nan­ce of a por­ti­on of its fleet.
  • We have ac­ted for the cash buy­er of a group of ves­sels from a pro­vi­sio­nal ad­mi­nis­tra­tor in in­sol­ven­cy and ad­vi­sed our cli­ent on the spe­cial risks in this ty­pe of tran­sac­tion. The mat­ter al­so in­vol­ved the trans­fer of char­ter con­tracts.
  • We have as­sis­ted the cli­ent in con­nec­tion with the ter­mi­na­ti­on of a sub­stan­ti­al num­ber of long-term char­ter­par­ties on ac­count of non-pay­ment of hi­re and in the filing and pro­ving of high va­lue da­ma­ges claims in the for­eign high pro­fi­le re­ha­bi­li­ta­ti­on pro­cee­dings in re­spect of ma­jor de­faul­ting char­te­rers.
  • We have ac­ted for a con­tai­ners­hips pool in con­nec­tion with the in­sol­ven­cy of so­me of its mem­bers. We ad­vi­sed the pool on the ef­fects of in­sol­ven­cy in re­la­ti­on to pool mem­bers­hip and pool par­ti­ci­pa­ti­on and on the pool mem­bers’ rights in re­la­ti­on to the sa­le of the in­sol­vent mem­bers’ ves­sels.
  • We have ad­vi­sed the ma­na­ging di­rec­tors of four clo­sed-end funds in the pe­ri­od pri­or to the filing for in­sol­ven­cy and pre­pa­red and ac­com­pa­nied con­ten­tious share­hol­ders’ mee­tings.
  • We have ac­ted for a cli­ent in the com­ple­te re­st­ruc­tu­ring of the fi­nan­ce and se­cu­ri­ty struc­tu­re for a fleet of ni­ne ves­sels, hel­ping achie­ve a re­lease of per­so­nal lia­bi­li­ty for fi­nan­cial com­mit­ments. The mat­ter in­vol­ved com­plex is­su­es un­der US law as one of the share­hol­ders had pla­ced hims­elf un­der Chap­ter 11.
  • We have ac­ted for a cli­ent in the com­ple­te re­st­ruc­tu­ring of its en­t­i­re fleet and the set­ting up of a uni­fied group struc­tu­re with a hol­ding com­pa­ny at its head in or­der to achie­ve an ef­fec­ti­ve. re­st­ruc­tu­ring of the group’s fi­nan­cial com­mit­ments.
  • We have ac­ted for a for­eign ma­nu­fac­tu­rer of fur­ni­tu­re fol­lowing the de­li­very of fur­ni­tu­re pro­du­ced in Asia to a ma­jor in­sol­vent Ger­man mail-or­der com­pa­ny and rai­sed claims against that com­pa­ny and the credit insu­rer.
  • We have ac­ted for cli­ents in the re­st­ruc­tu­ring of a lar­ge fleet of bul­kers and con­tai­ner ves­sels as a part of a self-ad­mi­nis­te­red in­sol­ven­cy plan.