Deborah Gregory led a team of lawyers from Hogan Lovells' Business Restructuring and Insolvency, Real Estate, Employment, Tax and Insurance practices on the sale of the business and assets of the Parabis Group. Hogan Lovells advised the syndicate of lenders and AlixPartners (as the Administrators) on the complex pre-packaged sales of the business and assets of the Parabis Group.
Slaughter and May is advising Rolls-Royce on the restructuring of its network of Approved Maintenance Centre joint ventures.
The Approved Maintenance Centres (AMCs) carry out maintenance, repair and overhaul work on a range of Rolls-Royce aero engines, and the transaction involved the restructuring of three AMC joint ventures located in Hong Kong, Singapore and Germany.
International law firm Pinsent Masons has secured a key role on the administration of the law firm Parabis which entered into administration on Monday via a pre-pack process which saw the law firm split up and sold off.
Pinsent Masons partner Steven Cottee alongside consultant Jonathan Jeffries have both been appointed as Joint Solicitor Managers of Parabis.
With a team led by Prof. Dr. Georg Streit and Dr. Guido Hoffmann, LL.M., the commercial law firm of Heuking Kühn Lüer Wojtek comprehensively advised ENERVIE - Südwestfalen Energie und Wasser AG on restructuring its bank financing and supported it in the related negotiations with the more than 40 participating banks and their steering committee. In connection with restructuring the financing of ENERVIE, its three largest shareholders, the city of Hagen, the town of Lüdenscheid, and Remondis additionally make EUR 60 million available.
Slaughter and May is advising the Winding-up Board of Glitnir hf. on a proposed composition with its creditors (the Composition).
Glitnir hf. (Glitnir) was one of the three major Icelandic banks which were brought under the control of the Icelandic government in October 2008 following their collapse in the global financial crisis. The total claims against the Glitnir estate amount to more than ISK 2,250 billion. The Winding-up Board was appointed in May 2009 to conduct the winding-up proceedings. Slaughter and May was engaged in 2011.
Noerr is advising Laurèl GmbH on restructuring its 2012/2017 corporate bond. After the 1st bondholders’ meeting on 31 August did not have a quorum, the 2nd bondholders’ meeting elected One Square Advisory Services GmbH the joint agent of the bondholders at the suggestion of the company.
Milan, October 4th, 2015. NCTM advised NTV Nuovo Trasporto Viaggiatori in the entering into of new debt restructuring agreements, in the amount of approximately 683 million euros. The transaction is the result of the capital increase resolved in July. Indeed the first 20 million euros installment has been paid in these very days. This new financial availability will allow the company to go on with the new development plan.
NCTM team, which has worked with NTV, was led by partners Paolo Montironi and Eugenio Siragusa.
ecs Büro- u. Datentechnik Handelsges. mbH, Weilheim, was merged with Konica Minolta Business Solutions Deutschland GmbH, Hanover, effective October 1, 2015. With a team led by Hamburg-based Partner Dr. Jörg Schewe, Heuking Kühn Lüer Wojtek advised Konica Minolta comprehensively on the subsidiary’s reorganization and merger in connection with matters of corporate law and employment law. In addition to preparing and negotiating several asset deal purchase contracts, the merger agreement and the merger resolutions were also drafted and notarized.
With Noerr’s advice, the Irish private equity and asset management company Augusta Asset Management has sold several of its investments held via funds in Germany, most recently properties in Berlin and Cologne. Over the past few months, a team led by Noerr’s Berlin-based corporate law partner Tibor Fedke has advised Augusta in several transactions concerning the restructuring and sale of assets from various funds managed by Augusta. Noerr LLP has advised Augusta and its investment vehicles in Germany for several years.
Advisors to Augusta: Noerr LLP
Pinsent Masons and turnaround and restructuring specialists Quantuma LLP have advised London law firm Jeffrey Green Russell on a pre-pack administration which saw the firm merge with law firm and consulting group Gordon Dadds.
Jeffrey Green Russell filed a notice of intention to appoint administrators on 30 September. Under the terms of the deal, completed late on Friday 2 October, most of the current directors of Jeffrey Green Russell Limited will become partners of Gordon Dadds, simultaneously transferring their clients and practice teams over to Gordon Dadds.