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Clifford Chance appoints three new partners in Germany
29 May 2013
News
Clifford Chance has appointed three new partners in Germany as of 1 May 2013. The firm appointed a total of 20 new partners globally. The firm's total number of partners now stands at 589 and increases the number of partners at its Düsseldorf, Frankfurt am Main...
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Marketing AIF in Germany
28 May 2013
Publication
The new German Capital Investment Act (Kapitalanlagegesetzbuch, KAGB) provides for the implementation of the Alternative Investment Fund Managers Directive (AIFM-Directive) and a number of modifications to the regime of marketing and distribution of units in...
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Clifford Chance advised Bayer on the acquisition of Steigerwald Arzneimittelwerk GmbH
17 May 2013
News
Clifford Chance advised Bayer on the acquisition of Steigerwald Arzneimittelwerk GmbH ("Steigerwald"), Darmstadt. The acquisition is a strategic move for strengthening Bayer's Consumer Care division which specializes in marketing OTC medicinal products. The transaction...
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Clifford Chance advised Xchanging on the sale of its shares in Xetb to Deutsche Bank
17 May 2013
News
Clifford Chance advised the Xchanging Group in connection with the restructuring of its German bank holdings and the sale of 51% of its shares in the joint venture "Xetb" to Deutsche Bank for a purchase price of EUR 40.5 million.
Xetb is the holding company of...
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Clifford Chance advised EDS on successful financial restructuring
13 May 2013
News
Clifford Chance advised Euro-Druckservice ("EDS"), Passau, on its successful financial and corporate restructuring. As a result of the restructuring the debt burden of EDS was reduced considerably and provides the company with a solid basis for its future business...
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Clifford Chance advised consortium of banks on restructuring of Kruse Group
13 May 2013
News
Clifford Chance advised a consortium of banks led by Portigon AG on the restructuring of Kruse Group, based in Balve (North Rhine-Westphalia), and the subsequent sale of the loan receivables to Stockmeier Group.
Kruse Group, which is active in the chemical,...
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Clifford Chance advised the lenders in relation to a 650m EUR financing to Stadtwerke Düsseldorf
13 May 2013
News
Clifford Chance advised a syndicate of nine national and international banks in relation to a structured corporate financing to Stadtwerke Düsseldorf in an amount of EUR 650 million. The credit facilities with a term of five years serve to finance the...
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Spotlight 'Unwirksame Vertragsstrafeversprechen für Zwischentermine'
8 May 2013
Publication
In den vergangenen Jahren hat die Rechtsprechung die Anforderungen an die
Wirksamkeit von Vertragsstraferegelungen in allgemeinen Geschäftsbedingungen
(AGB) stetig verschärft. Maßstab für die AGB-Kontrolle sind
gemäß §...
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Clifford Chance advises Hatfield Philips on restructuring a real estate loan in the form of a combined share and loan sale
6 May 2013
News
Clifford Chance advised the servicing and real estate advisor Hatfield Philips International Limited ("HPI"), London, in its capacity as a special servicer, on restructuring and refinancing a securitised real estate loan of around EUR 168 million (original volume)....
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Clifford Chance advises IVG on the acquisition of the Frankfurt property "Zeil 24"
6 May 2013
News
Clifford Chance advised IVG Institutional Funds GmbH on the acquisition of the "Zeil 24" retail property located in Frankfurt. The parties agreed not to disclose the purchase price.
IVG has acquired the property located on Frankfurt's premier shopping street...
