Germany’s Schultze launches Hamburg restructuring office

German firm Schultze & Braun has expanded its footprint in its home country with the launch of a Hamburg office that will deal with restructuring and turnaround work.

The new base, which launches today, will be led by partner Frank Tschentscher, who until now has split his time between London and Frankfurt. He will be assisted by three associates and the firm hopes to transfer another partner from its network in the near future.

The office will focus on employment, insolvency and IP within the context of restructuring and turnaround deals. Schultze & Braun already has an insolvency administration office in Hamburg, but that is in a separate location and the firm puts up strict Chinese walls between the two operations.

German and UK qualified Tschentscher, who joined Schultze & Braun from Geldards’ Nottingham office in 2008, said he hopes the office can grow to between 15 and 30 fee-earners in the future.

“I was born in Hamburg and to come back here and open an office for Schultze & Braun is simply fantastic,” said Tschentscher. “Hamburg is one of the big commercial centres in Germany and has always enjoyed very close relationships with the UK, something that is obviously very close to my heart. It makes the city the perfect hub for our international work.”

Schultze & Braun has 35 offices across Germany, as well as bases in London, Strasbourg and Paris. The Paris office launched in October last year (11 October 2010).