Webcast
Some years have now passed since the introduction of Directive 2019/1023 dated 20 June 2019 on preventive restructuring frameworks and Member States are becoming accustomed to the new tools it introduced. These new tools, and most notably the process of voting in classes by affected parties, has led to a significant shift in professionals’ and, more globally - business’, practices. Our panel, from Belgium, France, Germany, Portugal and Spain will address the practical implications for companies in a crisis as well as their creditors and/or shareholders. What should your organisation be thinking about? We'll discuss:
- The scope of use of the affected parties’ classes concept
- Difficulties encountered by restructuring professionals implementing it
- Its impact on relationships between stakeholders to a restructuring process
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Your Contact
Frank Tschentscher, LL.M. (Nottingham Trent Univ.)
Frank Tschentscher joined Deloitte Legal as a partner on 1 July 2021. He advises on German and international restructuring and insolvency law and has extensive knowledge and more than 23 years of experience in negotiating and implementing complex restructuring projects in Germany and abroad. Frank Tschentscher regularly represents groups of international financial creditors and/or bank consortia in the out-of-court restructuring of (partly listed) companies but also does debtor work. Before joining Deloitte Legal, he worked for many years as a restructuring and insolvency partner at leading law firms in Germany and England. He is also admitted as a Solicitor (England & Wales) and has many years of experience advising clients on English insolvency and restructuring law (including corporate proceedings such as the Scheme of Arrangement). Frank Tschentscher is the author of numerous publications in German and English and regularly speaks on insolvency law and restructuring related topics at domestic and foreign conferences. Best Lawyers has recommended Frank Tschentscher in the restructuring and insolvency law and mergers and acquisitions categories since 2019, and the JUVE Handbook lists him as a frequently recommended lawyer in the "Restructuring and Insolvency" category. At Legal 500 Germany, he is described as "very experienced in insolvency, balanced in his judgement and a good negotiator" as well as one of "the best connoisseurs of UK restructuring law, but above all also of the UK restructuring culture"). Frank Tschentscher wrote his Master's thesis on English and European insolvency law. Until recently, he was President of INSOL Europe, the leading international organisation of professionals specialising in insolvency. He continues to advise the INSOL Europe Country Council on special matters. Publications
