Dr. Josef Parzinger
Overview
Dr. Josef Parzinger is known for his outstanding expertise, his eye for detail and his passion. He is always available and incredibly easy and pleasant to work with. - Legal 500
Dr. Josef Parzinger is a restructuring partner in the Munich office of Kirkland & Ellis International LLP.
He focuses on advising creditors, debtors, the management or shareholders in connection with cross-border corporate and financial restructurings, which include both consensual restructurings and formal processes. His clients include distressed debt investors that he advises on the acquisition and restructuring of capital market instruments, loans or liquidation claims as well as creditors seeking to protect their interests in the event of an insolvency of their contractual counterparties.
Josef is listed among the “Best Lawyers” for restructuring and insolvency law by Handelsblatt Best Lawyers 2022. In the 2022 edition of Legal 500 Germany one testimonial states: “Josef Parzinger is highly professional and extremely knowledgeable in his field. On our joint projects, he always knows about all the details, but also has an eye for the big picture. No matter what time, he responds quickly and accurately to requests. I am very happy with our collaboration and hope we can work on other projects in the future.”
Experience
Representative Matters
Galapagos, a European provider of heat exchange and machine cooling systems, in relation to its financial restructuring
Aegean Marine Petroleum Network Inc. and certain subsidiaries in their Chapter 11 cases
Agrokor on its financial restructuring
KEOS GbR as member of the creditors’ committee and appointed joint representative of the bondholders of Air Berlin PLC
Toys’R’Us on the sale of its stores in Germany, Austria and Switzerland to toy retailer Smyths
Largest secured creditor in the insolvency proceedings of SolarWorld AG
Coordinating committee of first lien lenders of Jack Wolfskin on the comprehensive financial restructuring
Ad hoc committee of senior bondholders of HETA Asset Resolution AG (previously Hypo Alpe Adria)
A.T.U on the cross-border financial restructuring
Centerbridge as largest lender in restructuring of APCOA group
Various creditors in insolvency proceedings of Lehman Brothers Europe Limited
Various creditors in insolvency proceedings of Global PVQ SE (previously Q-Cells SE)
Prior Experience
Freshfields Bruckhaus Deringer, Munich, Germany and New York, USA
- Legal Trainee (2013–2014)
Jaffé Rechtsanwälte/Insolvenzverwaltung, Munich, Germany
- Research Assistant (2009–2011)
Ludwig-Maximilians-University, Department of Prof. Dr. Horst Eidenmüller LL.M. (Cantab.), Munich, German
- Research Assistant (2010–2015)
More
Thought Leadership
Publications
Kommentierung der §§ 5 - 16 StaRUG (legal commentary §§ 5 - 16 StaRUG), in: Münchener Kommentar zum StaRUG (eds. Stürner, Eidenmüller, Schoppmeyer, Madaus) (together with L. Knebel)
Buchbesprechung “Flöther (Hrsg.): Unternehmensstabilisierungs- und -restrukturierungsgesetz (StaRUG), Kommentar” (book review “Flöther (ed.): Unternehmensstabilisierungs- und -restrukturierungsgesetz (StaRUG), legal commentary”), in: Zeitschrift für Wirtschaftsrecht (ZIP) 7/2022, p. 308 (together with P. Buschhaus)
“Zulässige Rechtsberatung in der Schuldnerberatung – Die zentralen Regelungen im RDG” (Permissible legal advice in debt counselling – the central regulations in the RDG), in: BAG SB Informationen – Die Fachzeitschrift für Schuldnerberatung 1/2022, p. 13 (together with V. Elvers)
"Der Restrukturierungsplan nach dem StaRUG im Lichte grenzüberschreitender Restrukturierungen – praxistaugliches Anerkennungsregime oder ein Fall für die obersten Gerichte?" (The restructuring plan under the German Scheme (StaRUG) in the light of cross-border restructurings - suitable recognition regime or a case for the supreme courts?), in: Zeitschrift für Wirtschaftsrecht (ZIP) 2021, p. 1041 (together with Ch. Schlöder and L. Knebel)
Chapter on Germany, in: International Comparative Legal Guide (ICLG) – Restructuring & Insolvency, 15th ed. 2021 (together with J. Lappe and M. Berger; the full chapter is available here)
"Ein großer Wurf und eine verpasste Chance" (A great success and a missed opportunity), in: Börsen-Zeitung (BZ) 247/2020, p. 8 (together with L. Plank)
Comment to decision of the Federal Court of Justice dated 7 May 2020 (case no. IX ZB 56/19): "Missbräuchliches Akteneinsichtsrecht von Gläubigern mit festgestellter Forderung" (Creditor's right to access the register of creditors to solicit claims sales), in: Neue Zeitschrift für Insolvenz- und Sanierungsrecht (NZI) 2020, p. 731 (together with S. Lürken)
"Die Prüfung der Zahlungsunfähigkeit unter besonderer Berücksichtigung prognostischer Elemente" (The determination of insolvency with a focus on prognostic elements), in: Zeitschrift für Wirtschaftsrecht (ZIP) 2019, p. 2143 (together with B. Meyer-Löwy and J. Lappe)
"Der Vorrang für neues Geld nach der Restrukturierungsrichtlinie" (The priority for new financing under the European Restructuring Directive), in: Zeitschrift für Wirtschaftsrecht (ZIP) 2019, p. 1748
"Aufnahme ausländischer juristischer Personen in die Vorauswahllisten zur Bestellung von Insolvenzverwaltern" (Listing a foreign corporate entity for insolvency administrator in Germany), in: Gesellschafts- und Wirtschaftsrecht (GWR) 2016, p. 125
"Die neue EuInsVO auf einen Blick" (Summary of the new European Insolvency Regulation), in: Neue Zeitschrift für Insolvenz- und Sanierungsrecht (NZI) 2016, p. 63
"Falltraining Insolvenzrecht" (Textbook with exercises for insolvency law), C.F. Müller Verlag, Heidelberg 2015
"Keine Haftung nach § 64 II GmbHG aF für Forderungseinzug auf debitorisches Bankkonto bei Sicherungsabtretung" (No liability of the managing directors for collecting receivables on in-debt accounts in case of an assignment for security), in: Gesellschafts- und Wirtschaftsrecht (GWR) 2015, p. 370
"Europäische Reformen unter die Lupe genommen" (European reforms thoroughly checked), in: INDat Report 04/2015, p. 45
"Anordnung der Vorläufigen Eigenverwaltung kann aufgrund besonderer Umstände aufgehoben werden (‚MIFA')" (Reversal of a court order as to debtor-in-possession proceedings), in: Gesellschafts- und Wirtschaftsrecht (GWR) 2015, p. 41
"Zur Insolvenzfestigkeit von Lizenzen an US-amerikanischen Patenten (‚Quimonda AG')" (On the recognition of German insolvency proceedings in the US (‚Qimonda AG')), in: Zeitschrift für Wirtschaftsrecht (ZIP) 2015, p. 235 (together with B. Meyer-Löwy)
"Das Crowdinvesting als neue Form der Unternehmensfinanzierung" (Crowd-investing as new way of business financing), in: Gesellschafts- und Wirtschaftsrecht (GWR) 2013, p. 153, (together with W. Weitnauer)
"Fortführungsfinanzierung in der Insolvenz" (Financing a bankrupt business), C.H. Beck Verlag, Munich 2013
Seminars
Guest lecturer for law trainees at the Munich OLG [Higher Regional Court]
2014/2015 Lecturer at Ludwig-Maximilians-University Munich, Germany
Credentials
Admissions & Qualifications
- 2014Germany
Languages
- English
- German
Education
- Higher Regional Court of MunichSecond State Examination2014
- Ludwig Maximilians University MunichDr. jur.2013
Faculty Prize of the LMU Faculty of Law, Prize of Scientific Excellence Gravenbrucher Kreis
- Ludwig Maximilians University MunichFirst State Examination2010
- Integra-Bank eG, Munich, GermanyBanking Diploma2002