The report deals with the current questions relating to the work-out, outsourcing and servicingof non-performing-loans. After a brief market description the paper addresses the specificproblems, which arise when servicing real estate and corporate loans. Within these frameworkissues, which...

The legal environment for Securities Prospectuses in Germany has changed dramatically withthe implementation of the German Securities Prospectus Act (Wertpapierprospektgesetz- WpPG) and the Commission Regulation (EC) No. 809/2004 of 29 April 2004 (ProspectusRegulation) regulating their content...

During the past two years, private equity funds have acquired substantial portfolios of nonperformingloans from banks in Germany. Typically a private equity investor does notcommit funds unless exit strategies are clearly defined. The usual exit strategies for distresseddebt investors are “fix...

The global distressed debt market has been established for some years now, however withinthis 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 ofprocesses involved within...

The working report looks at the actual situation of the German water market, the only infrastructuremarket the EU has not encouraged to deregulate until now. Especially importantfactors are the environmental relevance of the water market and the importance of water as afood. At the moment,...

The dramatic drop in prices on the German stock exchange in the period from2000 to 2003 was one cause for the rising number of delistings in Germany. Thisdevelopment triggered the study on the aptitude of listed companies to remainlisted although the authors were well aware that a negative...

The report deals with the current legal questions relating to the trading, workingout and outsourcing of non-performing loans. Within this framework the basic legalprovisions and the problems arising therefrom, for example, in the area of dataprotection or banking secrecy, are explained and...

Pledges on shares and stocks are common as securities for loans. New are theattempts by pledgees to sell pledges in public auctions. The questions regardingthe requirements for such public auctions have not been answered either by Ge rmancourt decisions or literature. This fact helps the...

Despite the common view that there is inherently a relationship of confliction, it is now impossible to imagine the financing of family-owned enterprises in Germany without the alternative method of Private Equity financing. Based on a survey on Private Equity in family owned companies...