Chambers Europe Rating 2018
Restructuring and Insolvency
What the team is known for Esteemed and well-resourced practice that regularly assists domestic and international creditors with a range of bankruptcy and insolvency issues, including debt collection. Routinely acts for clients on regulatory and restructuring mandates. Noted for its expertise in contentious and non-contentious matters, as well as its international focus. Offers an integrated approach combining financial restructuring and insolvency practitioners and recently handled bankruptcy cases in the financial, shipping and events industries.
Strengths Clients praise the quality of the work as well as the team's speed of response, saying: "They quickly drafted in the correct people with relevant experience to work with us and were at all times responsive and proactive." Another source also describes the team's ability to provide quick feedback as "outstanding, and it is always a comprehensive and correct response."
Clients also appreciate the team's efforts to understand the client's position, remarking that the lawyers are "open to conversations about our needs in each case and we have the clear perception that they are acting in our best interests."
Work highlights Acted as trustee in the restructuring and formal bankruptcy proceedings of Inter Gruppen Totalentreprise.
Advised Nordex Group on its acquisition of various business activities from distressed company Danish SSP Technology, as part of a formal restructuring procedure.
Well regarded by clients and peers, Carsten Ceutz is praised for his "very good strategic abilities" as well as for being "very theoretically skilled," and sources note that "he has had some very difficult cases where you had to dig deep in the books." His work includes acting as a bankruptcy trustee and enforcing and administering securities and charges over distressed assets, with a particular focus on cases involving housing associations.
Michael Serring gains recognition for his strength in court disputes relating to insolvency and restructuring. Clients highlight that "he knows and remembers all the details of a case without losing the big picture. You feel like you are in good hands with him - he is an outstanding lawyer." Others rate his "huge intellectual capacity" and add that "he can understand complex business models and the more political aspects of cases."
Troels Tuxen has particular focus on restructuring matters and is described by sources as "a good commercial lawyer" who is experienced and has a strong reputation in the market. He advises on corporate restructuring and also represents clients in insolvency litigation.
Chambers and Partners Europe, Restructuring/Insolvency