Clifford Chance offers restructuring and insolvency expertise across the full spectrum of services crucial in distressed situations. Team head Stefan Sax advises companies in financial difficulties on obligations arising from crisis situations. Sax is supported by Kolja von Bismarck, who regularly advises management teams and boards of directors regarding their duties in financially distressed situations; Andreas Steiger, who handles financial and operational restructurings in both non-insolvency and insolvency situations; and Patrick Schulz, who focuses on cross-border and multinational restructurings and distressed transactions. Diana Schoch and Martin Jawansky are also key members of the team.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'The team around Stefan Sax works in the field of restructuring, banking, and rehabilitation law at a Champions League level. The team operates at the highest legal standards. As a client, you are comprehensively and very transparently advised.'
- 'Stefan Sax is especially strong. High competence, experienced and strong in negotiations. Very strong reputation in the market.'
- 'International team of high professionals.'
- 'Stefan Sax is incredibly intelligent and creative. Very assertive and a good team leader.'
- 'Very supportive even in difficult situations.'
- 'Martin Jawansky is very professional in the support of risk mandates. Very good coordinator and communicator in highly critical situations.'
Key clients
- Pierer Mobility AG
- BayWa AG
- Ziegert Group
- M&G Investment Management Ltd.
Work highlights
Advising Pierer Mobility AG in relation to the restructuring of major Austrian motorcycle manufacturer KTM AG and providing support in the international investor process to raise capital.
Advising Bayerische Raiffeisen Beteiligungs Aktiengesellschaft as majority shareholder of BayWa AG in connection with the financial and operational restructuring of the BayWa group.
Advising Ziegert Group, a real estate developer, on the comprehensive restructuring of its real estate portfolio, totaling over €1bn.
Lawyers
Hall of Fame
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Leading partners
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Next Generation Partners
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Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Stefan Sax
Other key lawyers
Kolja von Bismarck; Patrick Schulz; Andreas Steiger; Diana Schoch; Martin Jawansky