fwp wins the CEE 2020 Deal of the Year Award
Fellner Wratzfeld & Partner Rechtsanwälte (fwp) is honoured with the prestigious CEE 2020 Deal of the Year Award for its role in the restructuring of Steinhoff Group.
In Juli 2018, fwp extensively supported Steinhoff Group in its efforts to conclude a fundamental agreement with its creditors regarding a comprehensive restructuring concept. At that time, Steinhoff Group achieved a significant breakthrough with three large groups of creditors signing the lock-up agreement which included both the term sheet for the restructuring and the detailed schedule for the implementation of the restructuring measures.
With the intensive support of fwp, a detailed contract documentation was successfully worked out and finalised in 2019. On 13 August 2019, following the implementation of the CVA (Company Voluntary Arrangement), the financial restructuring was successfully implemented between the creditors and Steinhoff Group.
The core team of fwp comprised fwp partners Markus Fellner (lead), Paul Luiki, and Florian Kranebitter, attorney-at-law Elisabeth Fischer-Schwarz as well as associates Carine Nsiona and Julian Zarre. They were supported by associates Elisabeth Gehringer and Daniel Wadl.
“Receiving the CEE 2020 Deal of the Year Award is a great recognition of fwp and honours once more our leading position and long-standing expertise in restructuring, company law, and refinancing in the context of M&A”, underlines fwp partner Markus Fellner.
Other legal counsel: Linklaters LLP London (Richard Bussell for Steinhoff-International) and Gleiss Lutz (Steinhoff, Germany), and, on the creditors’ side, Allen & Overy LLP, Latham & Watkins LLP, Kirkland & Ellis LLP, among others.