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Dr Franz Bernhard Herding

Partner

Frankfurt am Main

Herding Franz Bernhard
Dr Franz Bernhard Herding

Partner

Frankfurt am Main

Franz Bernhard is a German Rechtsanwalt, partner in Allen & Overy LLP's finance practice and co-head of the German restructuring group. His practice focuses on restructurings and insolvency law; in addition, he advises on many aspects of banking and finance law, for instance on sophisticated acquisition, corporate or borrowing base financings.

As an acknowledged expert in the fields of financing and restructuring, Franz Bernhard has been advising corporates, lenders or investors for many years in refinancing and crisis situations and on the preparation, negotiation and implementation of complex and international restructuring concepts, for instance by way of an out-of-court "consensual" restructuring or debtor-in-possession (Eigenverwaltung) or other court proceedings. He regularly represents creditors in large corporate insolvencies and protects his clients' interests in creditors' committees.

Franz Bernhard lectures, for instance at Bucerius Law School, and regularly speaks and publishes on finance and insolvency law issues. His current focus includes the restructuring of Schuldschein loans, the preventive restructuring framework (StaRUG), the issues of application and recognition in connection with Dutch schemes and UK restructuring plans, but also private debt and direct lending in distressed situations.

Franz Bernhard studied law at the University of Paris (Université René Descartes) and the University of Münster. While writing his doctoral thesis, he worked on corporate law issues for Prof. Dr. Wolfram Timm (Institut für Deutsches und Europäisches Unternehmensrecht, Münster). Afterwards, he spent his legal clerkship at the Berlin Higher Regional Court.

Noteworthy experience includes advising:

  • GERRY WEBER in connection with its comprehensive financial and corporate restructuring process, which also covered Schuldschein tranches held by a large number of lenders.
  • A European banking syndicate on the insolvency of the German and UK Fintyre companies as well as the restructuring of the Italian branch of the Fintyre Group.
  • A banking group in connection with the Wirecard restructuring.
  • A banking group in connection with the insolvency of the Thomas Cook group and the protective shield procedure of Condor.
  • Direct lenders in connection with distressed refinancing and restructuring transactions regarding group companies headquartered in Germany.

Experience highlights

Related articles

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Publications: 11 March 2022

Webinar: New European restructuring laws: will they work cross-border?

As the new compromise proceedings in the UK, The Netherlands and Germany bed down, our panel of leading experts cut through the legal technicalities of the three proceedings and discuss their merits…

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Publications: 01 March 2021

Covid-19 coronavirus: Amendment to COVInsAG

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Publications: 10 November 2020

Act on the Stabilisation and Restructuring Framework for Businesses

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News: 09 November 2020

Global Tech I offshore wind park: Allen & Overy advises on refinancing of one of the largest projects for sustainable energy production in Germany

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Expertise

Practices

Banking and Finance

Restructuring

Office

Frankfurt am Main

Allen & Overy LLP
Bockenheimer Landstraße 2
60306 Frankfurt am Main

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Qualifications

Professional

Referendar, Germany, 2003

Assessor, Germany, 2005

Academic

First German Law Degree, 2001

Dr iur, Westfälische Wilhelms University of Münster, Germany, 2004

Second German Law Degree, 2005

Published work

  • Herding (2021), DKS Festschrift, Restrukturierungen von Schuldscheinen - die DKS Leitlinien und das StaRUG als Lösung, Kap. 9, 123 ff
  • Herding/Hoegen (2021), Flöther, StaRUG Unternehmensbeteiligungs- und restrukturierungsgesetz, Kommentar, 1. Aufl. 2021, §§ 89, 90, 91
  • Herding/Kranz (2021), ZRI 2021, 123 ff, "Dutch Scheme und UK Restructuring Plan - Wie gut sind die neuen Sanierungstools"
  • Herding (2020), Theiselmann, Praxishandbuch des Restrukturierungsrechts, 4. Aufl. 2020, 3. Abschnitt Restrukturierung in der Liquidiätskrise, Kap 10 "Überbrückungskredite und Sanierungskredite"
  • Herding/Kranz (2017), Europäische Insolvenzverordnung im Überblick, in Platow Newsletter 28. June 2017, p 8
  • Dr. Franz Bernhard Herding (2017) "Konsensuale Restrukturierung als Königsweg aus der Krise" - chapter in "Krise und Sanierung von Projektfinanzierungen", Walter de Gruyter GmbH, Berlin/Boston
  • Herding, Franz Bernhard (2013) "Germany is on the move: the new German insolvency law survives its first test", article in Corporate Rescue and Insolvency
  • Herding F.B. (2005) "Soziale Sicherungssysteme und der Missbrauch einer marktbeherrschenden Stellung iSd. Art. 82, 86 EG - Eine Untersuchung am Beispiel der (tarifvertraglichen) Betriebsrenteneinrichtungen in Deutschland", Berlin