Olswang is launching a business dedicated to restructuring and insolvency through a strategic partnership with a German insolvency lawyer.
Restructuring specialist Christian Köhler-Ma will lead consultancy business Olswang Restructuring Solutions, which will provide advice to German companies and other stakeholders in crises and near-critical situations. Köhler-Ma was previously senior partner at Berlin firm Leonhardt Rechtsanwälte.
He is bringing a team of five fee-earners and three support staff to the new business, which is legally separate from Olswang due to regulatory requirements. Olswang Restructuring Solutions will formally launch on 2 January 2014.
The move follows recent changes to the Germany insolvency code, bringing it in line with UK insolvency regimes and allowing businesses in trouble to seek help with the support of their shareholders and debtors before becoming insolvent.
The move expands on Olswang’s existing restructuring expertise in the UK, France and Germany.
Olswang German managing partner Christian Schede said the launch was a “perfect fit” for the firm’s practice in Germany, which focuses on corporate, corporate finance, IP and insolvency and restructuring. Schede said Köhler-Ma’s international experience was also useful.
Köhler-Ma has advised on the restructuring of a number of businesses in Germany, including the insolvency of internet brokerage company Systracom Bank and the 2004 restructuring of the Berlin Symphony Orchestra.