The global distressed debt market has been established for some years now, however within this investment universe German Distressed Debt is generally considered as underdeveloped. The aim of this paper is to highlight why Investments are transacted and the framework of processes involved within...

The global distressed debt market has been established for some years now, however within this investment universe German Distressed Debt is generally considered as underdeveloped. The aim of this paper is to highlight why Investments are transacted and the framework of processes involved within...

Several top deals already closed, a still highly fragmented industry and strong pressure for furtherconsolidation following the financial crisis – renewable energy certainly has become a red-hot topic inM&A. Surveying 220 companies in the solar photovoltaic, utility and financial sector as...

Since years, incentives for the management have become a standard upon acquisitions of companies byPrivate Equity Investors – so-called Buy-Outs. However, until this date there are no empirical studies availableon the arrangements of management participations and potential conflicts of...

Sovereign Wealth Funds (SWFs) have become active investors on the financial markets. Thisworking paper meets the increasing thirst for information on the investment activities of SovereignWealth Funds, their legal environment and the implications on German stock listedcorporations. Thus, this...

This work describes the legal structuring of a mortgage covered bond in accordance withthe regulations of paragraphs 791 cont. and 1184 cont. German Civil Code (BürgerlichesGesetzbuch). The work shows how to structure the share of common rights of the bondholders according to the regulations of...

The report describes the current developments of the German market for Non Performing Loans/Distressed Debt as it is influenced by the financial crisis/credit crunch. Furthermore the sale of (small and medium sized) real estate portfolios since summer 2007 is analysed in more detail.

Despite the common view that there is inherently a relationship of confliction, it is now impossibleto imagine the financing of family-owned enterprises in Germany without the alternativemethod of Private Equity financing. Based on a survey on Private Equity in familyowned companies specialising...