Dentons‘ DCM team is frequently engaged by bondholders and creditors in relation to the restructuring of the issuing corporates, overseeing the related aspects of bond and Schuldschein programme restructurings. Head of the German debt capital markets practice Oliver Dreher is well versed in matters tied to both corporate and sovereign bonds, while securitisation and structured finance transactions fall within the domain of Arne Klüwer.
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Testimonials

Collated independently by Legal 500 research team.

  • 'Oliver Dreher has built an excellent and capable team.'
  • 'Oliver Dreher is professionally competent, strategically minded, capable of acquiring and managing our needs as a client. We highly recommend him. Especially Oliver has a lot of insight in the capital markets in general and operational procedures in particular.'
  • 'They possess a deep understanding of both the business landscape and market dynamics, and uphold exceptionally high professional standards—demonstrated through their extensive expertise and unwavering commitment to ethical principles.'
  • 'Oliver Dreher, the lead counsel of the German team, is a remarkably charismatic legal professional, distinguished by his ability to navigate complex matters through multifaceted lenses and assess situations from perspectives that few can anticipate.'
  • 'This team has knowledge and expertise on a German law capital market instrument, Schuldschein loan agreements. That experience is very valuable and translates in speed and efficiency in the delivery of support.'
  • 'Oliver Dreher, great partner and always there when needed. Very practical and commercial advice on any Schuldschein Loan Transaction whether with German or other clients.'

Key clients

  • Daimler Truck Group
  • Schuldschein creditors of Meyer Werft
  • DEMIRE bondholders
  • PERI SE
  • Federal Republic of Germany – Finance Agency
  • European Bank for Reconstruction and Development
  • Bondholders of Adler Real Estate
  • Commerzbank AG
  • CEC Bank
  • BNP Paribas/Commerzbank/Deutsche Bank/UniCredit/DZ Bank
  • Deutsche Bank

Work highlights

Advised Daimler Truck Group on the establishment of its new issuance program for Canadian dollar denominated short-term notes, with a total issue volume of CAD$500m.
Advised the joint representative for several bonds as part of the ongoing restructuring of the financing of the Adler Group residential real estate company.
Advised the German Finance Agency on the placement of a syndicated federal bond, with a 30-year term and an interest rate of 2.90%, and an issuance volume of €6bn.
Practice head

Oliver Dreher; Arne Klüwer