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Clifford Chance advises J.P. Morgan on the financing of the purchase of non-performing loans from HSH Nordbank via hsh portfoliomanagement AöR

11 July 2016

Clifford Chance advises J.P. Morgan on the financing of the purchase of non-performing loans from HSH Nordbank via hsh portfoliomanagement AöR

Clifford Chance has advised J.P. Morgan on the financing of the acquisition of a portfolio of non-performing loans belonging to HSH Nordbank AG via hsh portfoliomanagement AöR. The portfolio volume covers up to EUR 6.2 billion. The deconsolidated environment for this acquisition, hsh portfoliomanagement AöR, was established by the Federal States of Schleswig-Holstein and Hamburg at the beginning of this year.

The Clifford Chance team was jointly led by partners Dr. Bettina Steinhauer (Frankfurt) and Barbara Mayer-Trautmann (Munich, both Banking & Capital Markets) and comprised partners Dr. Marc Benzler and Dr. Oliver Kronat as well as senior associate Dirk Brouwers (all Banking & Capital Markets, Frankfurt), partner Dr. Joachim Schütze and associate Anne Filzmoser (both Corporate/Antitrust, Düsseldorf), partner Dr. Felix Mühlhäuser and senior associate Dr. Heiko Kermer (both Tax, Frankfurt), as well as partner Dr. Frank Scholderer (Corporate) and Dr. David Elshorst (Real Estate, both Frankfurt).

Clifford Chance berät J.P. Morgan bei der Finanzierung des Erwerbs notleidender Kredite der HSH Nordbank durch die hsh portfoliomanagement AöR

Die internationale Anwaltssozietät Clifford Chance hat J.P. Morgan bei der Finanzierung des Erwerbs eines Portfolios notleidender Kredite der HSH Nordbank AG im Umfang von bis zu 6,2 Milliarden Euro durch die hsh portfoliomanagement AöR beraten. Die Abwicklungsanstalt wurde Anfang des Jahres von den Ländern Schleswig-Holstein und Hamburg konstituiert.

Das Beratungsteam von Clifford Chance unter gemeinsamer Federführung der Partnerinnen Dr. Bettina Steinhauer (Frankfurt) und Barbara Mayer-Trautmann (München, beide Banking & Capital Markets) besteht aus den Partnern Dr. Marc Benzler und Dr. Oliver Kronat sowie Senior Associate Dirk Brouwers (alle Banking & Capital Markets, Frankfurt), Partner Dr. Joachim Schütze und Associate Anne Filzmoser (beide Corporate/Kartellrecht, Düsseldorf), Partner Dr. Felix Mühlhäuser und Senior Associate Dr. Heiko Kermer (beide Tax, Frankfurt) sowie den Partnern Dr. Frank Scholderer (Corporate) und Dr. David Elshorst (Real Estate, beide Frankfurt).