Skip to content
Woman in meeting
Woman in meeting


Our German restructuring team has experts in banking, capital markets and corporate law as well as employment and tax law. It advises banks and corporate entities on cross-border reorganisations, restructurings and insolvency proceedings.

We are developing innovative solutions and products to provide the best advice to lenders and borrowers in crisis or near insolvency within an international and increasingly complex market. As part of the worldwide restructuring group we work with colleagues in the world's financial centres as an international team, setting new standards in cross-border work-outs and restructurings.

Restructuring involves many stakeholders and solutions often need to be implemented quickly. We know how to deal with these challenges and run the transaction as adviser to a steering committee on the lenders’ side or in pushing for a solution on the borrower’s side.

Our team belongs to the leading practices for Restructuring & Insolvency in Germany.

News & insights


Publications: 23 MARCH 2020

Covid-19 coronavirus: Access to new debt and equity during the corona crisis

Fundamental changes for restructuring and shareholder loans

Read more

Publications: 23 MARCH 2020

Covid-19 coronavirus: Temporary suspension of the obligation to file for insolvency proceedings

The announcement made by the Federal Government on 16 March 2020 that it will temporarily suspend the obligation to file for insolvency proceedings for companies affected by the Covid-19 pandemic until the end of 30 September 2020 is now taking shape in form of the Covid-19 Insolvency Suspension Act (Covid-19-Insolvenzaussetzungsgesetz; COVInsAG).

Read more

Publications: 20 MARCH 2020

Covid-19 coronavirus: temporary suspension of obligation to file for insolvency in Germany

The Covid-19 pandemic ("Coronavirus") currently spreading in Germany has a massive financial impact in particular in the industrial and service sectors.  Small-, mid- and even large-cap companies increasingly come under financial pressure due to the lasting crisis. 

Read more
aircraft close up

Publications: 16 MARCH 2020

Airline insolvencies in Germany: Questions and challenges for aircraft lessors

Airlines under pressure The market for airlines is under extreme competitive pressure. We have seen some recent examples of European airlines that have gone into insolvency proceedings (Air Berlin, Condor, Germania, Monarch, Small Planet, Flybe). Airlines are struggling with volatile commodity markets and political instabilities (trade wars, protectionism). In addition, the Covid-19-Crisis (‘Coronavirus’) is leading to further distress.

Read more


Download the full brochure

restructuring practice brochure image

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.

Read the full brochure

coloured smoke abstract image

Adapting to change: Restructuring and insolvency in 2018

“Intelligence is the ability to adapt to change.” So said Stephen Hawking in one of his best-known quotations. If this is right, restructuring professionals will need to be particularly clever, nimble and inventive in the forthcoming year.