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Our German restructuring team includes experts in banking, capital markets and corporate law as well as employment and tax law. We advise banks and corporate entities on cross-border reorganisations, restructurings and insolvency proceedings. The specific practice groups required for each individual restructuring are consulted and involved in the project as necessary.

We develop innovative solutions and products in order to provide the best advice to lenders and borrowers in crisis or facing imminent insolvency in the context of an international and increasingly complex market. As part of the worldwide restructuring group, we also work with our colleagues in the world's key financial centres as an international team, setting new standards in cross-border debt reschedulings and restructurings. Restructuring involves many stakeholders, and solutions often need to be implemented quickly. We have experience in dealing with these challenges and in executing such transactions, in particular advising steering committees on the lender side or securing a solution for the borrower side.

Our team ranks among the leading practices for restructuring and insolvency in Germany.

Information on current topics at a glance

Our team offers up-to-date information on all the latest developments in the field of restructuring. Currently, a key focus of our efforts is set on the various legal instruments relating to the implications of the Ukraine- and Energy-crisis in Europe as well as the advancing harmonization of European restructuring and insolvency law. We have prepared all the essential information for you in client bulletins, snapshots, interviews and podcasts.

As an integrated team with a broad range of advisory skills, our experts monitor the challenges and new trends and develop the best solutions for practical applications on a daily basis. Thus, we would like to highlight key topics such as the temporary adjustment of insolvency and restructuring law to mitigate the consequences of crises (SanInsKG), the new Act on the Stabilisation and Restructuring Framework for Businesses (StaRUG) and the foreseeable adjustment of national insolvency law due to new European requirements (Insolvency-III-Directive). We provide you with comprehensive information concerning these key topics below.

As part of Allen & Overy's global restructuring group, we are always in close contact with our colleagues around the globe on the latest trends and issues. Therefore, we also offer an international perspective on restructuring and easy access to the comprehensive international content produced by our lawyers in this field. For example, information on the Dutch Scheme, which came into force on 1 January 2021, and the British Corporate Insolvency and Governance Act 2020, which has been available since summer 2020. These new restructuring instruments are key landmarks for putting the StaRUG restructuring plan into context.

Highlight Deals




Advising the family shareholders of BENTELER Group in connection with the refinancing of existing financial indebtedness in the context of the group’s restructuring programme.

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Weber Automotive

Advising the banking consortium on the financial restructuring of the Weber Automotive Group.

Fintyre Group

Advising a European banking consortium comprehensively on the insolvency of the German and English Fintyre companies, the disposal of Reiff Reifen to Bridgestone as well as the restructuring of the Italian branch of the Fintyre Group by way of a concordato in bianco proceeding.




Advising Uniper SE on EUR 15 billion stabilisation package.

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Advice on the refinancing of existing financial liabilities as part of a fundamental realignment of the company.


Advising the RAG Foundation as potential trustee of STEAG GmbH in connection with the ongoing restructuring of STEAG.


Financial Services

Financial Services


Advising a banking syndicate on the pre-insolvency restructuring and subsequent preliminary proceedings for Wirecard AG and representation in the creditors’ committee.



Gerry Weber

Advising on the comprehensive restructuring in a self-administered insolvency process, in connection with the financing and on ongoing financing and corporate law issues.


Advising the insolvency administrator Dr Christian Gerloff on the negotiation, conclusion and closing of the relevant requisite agreements with a US financial investor regarding the transfer of parts of the assets of ESCADA SE as part of an asset deal in the context of the insolvency proceedings.

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Adler Modemärkte

Advising Adler Modemärkte AG on the acquisition of 100% of the shares in via an insolvency plan.




Advising a co-ordinating committee of lenders to Steinhoff International Holdings N.V. and its subsidiaries in relation to the restructuring and recapitalisation of the Group.


Advising on a group-wide restructuring with a new financing agreement, the reorganisation of the group structure as well as several disposals of business units.

News and insights

Curved skyscrapers against a blue sky

Publications: 31 March 2023

Credit defaults: practical tips when pressing the accelerator

In this article, experts from our Restructuring and Litigation groups consider the practical steps and considerations when a creditor is faced with a potential event of default under their contracts.…

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Publications: 09 March 2023

Allen & Overy contributes to the Annual Review of Insolvency Law

Allen & Overy was pleased to partner with the ARIL Society on the 20th edition of the Annual Review of Insolvency Law (ARIL) on the article “Putting it in Reverse: A Possible Path to Chapter 15…

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Looking up at a high rise glass building

Publications: 27 February 2023

Enhancing the insolvency tools for insurance companies

Understanding the changes set out in Schedule 12 and 13 of the Financial Services and Markets Bill.

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Publications: 21 October 2022

German Insolvency Law adjusted to uncertain times (CovInsAG becomes SanInsKG)

Temporary shortening of the forecast period relating to the over-indebtedness check and other changes until 31 December 2023.

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Our Global Restructuring team. Paving the way.

Restructuring across borders

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Developed by Allen & Overy’s market-leading Restructuring group

“Restructuring across borders” is an easy to use resource that provides information and guidance on key practical aspects of restructuring and insolvency proceedings in more than 30 jurisdictions in Europe, Asia, Africa, the Middle East and the U.S.


Download the full brochure

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Overview of our expertise in restructuring and insolvency

Allen & Overy’s Restructuring team consists of experts in banking and corporate law as well as employment, tax and international capital markets law, and advises banks and corporate entities on cross‑border reorganisations, restructurings and insolvency proceedings involving any practice group required for the relevant restructuring.