Award Chambers & Partners

Europe’s Leading Lawyers for Business 2011: Restructuring/Insolvency

On an annual basis, Chambers & Partners conducts extensive research and analysis in compiling its objective list of talent available at the highest level of European legal practice. Its research methodology has been independently audited and confirmed to be thorough, robust and complete.

In Chambers' 2011 review of legal talent in the area of Restructuring/Insolvency, our Firm is listed among the best in Europe.

Chambers' comments:

Europe-Wide Ranking: Tier 3

The Firm: Although its European presence is limited to the UK and Germany, this high-class firm is a first choice for complex restructurings, especially where US elements are concerned. Other strengths often cited are its private equity and investment funds practices, and related restructuring services. The firm focuses on high-profile and multi-jurisdictional cases, with the London and Munich teams often working seamlessly together. Recent highlights have included advising on the restructurings of Monier, IMO Car Wash and European Directories.

Sources say: "This firm is fantastically good – a bit of a hidden gem. It is highly specialised in restructurings."

Key Individuals: Kon Asimacopoulos and Partha Kar are the London-based co-heads of the European practice. Bernd Meyer-Löwy and Leo Plank are the two dedicated partners in the Munich office.

Germany Ranking: Tier 3

This firm is a strong player in the restructuring market, and is considered an especially good choice for US companies needing advice on high-end matters. Clients describe it as "a bit of a hidden gem" in the German market, noting its "fantastically good" advice. It represented lenders including Apollo, TowerBrook and York Capital on the restructuring of Monier, and acted for the mezzanine steering committee on the restructuring of Tele Columbus. Cornerstones of the practice include advising non-traditional investors such as hedge funds, as well as entities within the automotive, cable and chemicals industries. Leo Plank is a prominent and well-regarded lawyer with an international capacity. Bernd Mayer-Löwy "gets to the core of the case and discards all irrelevant issues," sources say.

United Kingdom Ranking: Tier 4

The Firm: Kirkland & Ellis has a formidable cross-border practice. Its European restructuring/insolvency presence is spearheaded by leading teams in London and Munich.

Key Individuals: Kon Asimacopoulosis "the kind of straightforward, level-headed guy who doesn't get ruffled; he provides very pragmatic solutions," sources enthuse. He acted for European Directories on its restructuring and also represented bondholders on the restructuring of multinational fashion group Escada.

Reprinted with permission from Chambers Europe, Europe's Leading Lawyers for Business 2011 —