Schultze launches City practice

Schultze & Braun, Germany’s third-largest insolvency practitioner, which has offices in 27 German cities, from Achern to Wuppertal, has opened up in the City of London.

It was the first German insolvency practice to move outside Germany when it moved to Strasbourg in March 2007.

The next destination will be New York. Schultze employs 70 insolvency practitioners, most of whom are lawyers.

The firm’s aim with its new London office is to offer a one-stop insolvency shop to anyone with problems in Germany.