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DLA Piper

WESTHAFEN TOWER, WESTHAFENPLATZ 1, 60327 FRANKFURT AM MAIN, GERMANY
Tel:
Work +49 69 27 13 30
Fax:
Fax +49 69 27 13 31 00
Email:
Web:
www.dlapiper.com/germany

Mike Danielewsky

Tel:
Work +49 69 271 33 245
Email:
DLA Piper LLP (US)

Work Department

Restructuring

Position

Mike Danielewsky's areas of work include restructuring debt positions and the refinancing and sale of loan portfolios (whereby he advises on the acquisition and the refinancing structure). His main area of experience in this field lies with the restructuring of complex bi-lateral or syndicated loans and securitisation structures (RMBS, CMBS, CDO/CLO). His list of clients includes national and international banks, investment companies, funds as well as investors in the area of structuring and implementation of strategies.


Germany: Restructuring and insolvency

Restructuring

Within: Restructuring

DLA Piper increasingly provides transactional advice to distressed portfolio companies. It also covers restructurings, refinancings and the representation of insolvency administrators in contentious matters. Practice head Dietmar Schulz recently advised the lenders of frozen fish products producer Pickenpack’s insolvent shareholders regarding the refinancing of the insolvency administrator and the satisfaction of creditors. In another highlight he assisted Lone Star Funds with the acquisition of the Dutch bad bank Propertize. Besides banks and investors, clients also include creditors and companies. Another key figure is Mike Danielewsky.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

Legal Developments in Germany

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