• Phone: +38 0 676 54 03 77

Schultze & Braun

In 1949 Fritz Beck founded a tax consultancy firm in Achern / Germany. Today, more than 60 years later, this has grown into Schultze & Braun, one of the top-ranking business recovery, insolvency and restructuring specialists in Germany. The company has more than 600 employees. Attorneys, tax advisors and auditors provide advisory services to clients throughout Germany. Our offices cover over one third of Germany’s 183 Insolvency Courts – coverage unmatched by any other law firm. Our major assignments have included: FlowTex, an international fraud case involving over $2 billion in damages; Phoenix, also an international fraud case, resulting in over €600 million in damages; Daewoo Germany; Winterling; Rosenthal and Fairchild Dornier. 

We are able to design innovative solutions for all aspects of cross-border restructuring and insolvency cases, be it under EC Regulations, adoption of the UNICITRAL framework or in connection with the US-Bankruptcy Code. Our services include:

  • Realisation of securities and insolvency claims or other assets located in Germany respectively in Europe in cross-border insolvency proceedings over the assets of debtors from other EC-member states or outside the EC
  • Legal advisory relating to liability claims such as avoidance, recharacterisation of loan into equity contribution / subordination, shadow-directors, financing within crises, liability of directors under German corporate law in the frame of EC Regulation proceedings over German entities
  • Legal advisory for servicing (reorganisation or insolvency) foreign entities (e.g. self-standing subsidiaries in Germany or Europe) in cross-border insolvency proceeding over the assets of debtors in other EC member states or outside the EC
  • Analysis of complex cross-border scenarios (profit and loss transfer agreement / profit pooling contracts / cash pooling contracts, recharacterisation / subordination/ guarantees)
  • Attention to interest on behalf of creditors in creditor committees or similar boards and commissions in insolvency proceedings in Germany
  • Advisory regarding purchase and sale of distressed debts, securities, portfolios
  • Managed exits, liquidations, owner-reorganisation, trustee-reorganisation
  • Advisory regarding forum shopping for debtors
  • Advisory regarding social measures, social plans and other employment issues of a company (employer) in Germany
  • Coordinated assets tracing and return to Germany for creditors in other EC member states or outside the EC