High-profile addition in restructuring and insolvency law - Frank Tschentscher joins Deloitte Legal as a partner in Hamburg
With Frank Tschentscher LL.M. (NTU), Deloitte Legal adds a well-known turnaround professional to its ranks and is thus continuing its growth course at its Hamburg office.
Frank Tschentscher is an expert in restructuring and insolvency law with over 21 years of practical experience and is recognized for his out-of-court restructuring cases and financial restructuring of corporates. He and his team were involved heavily, for example, in the successful self-administration proceedings of the German Esprit group of companies and, again, as advisor to the supervisory board of Adler Modemärkte AG. He was also co-lead legal advisor for a syndicate of international creditor banks in connection with the high-profile restructuring and refinancing of a major infrastructure operator. Further well-known restructuring proceedings in which Frank has been leading include the successful rescue of the Merckle group of companies during and in the aftermath of the global financial crisis in 2009 as well as the successful financial restructuring of SolarWorld AG (as it was then known) in 2013.
Frank Tschentscher: "What attracts me to Deloitte Legal is the dynamic environment and the comprehensive and interdisciplinary approach that characterizes Deloitte as a whole. I am convinced that our respective experience and strengths complement each other perfectly and that together we will continue to drive Deloitte Legal's growth trajectory - both nationally and internationally."
Dr. Volker Schulenburg, Head of Deloitte Legal's Hamburg office: "With the arrival of Frank Tschentscher, we are not only complementing our range of services, but also gaining a respected partner who is well established in the market and with whom we can consistently further consolidate and expand our insolvency and restructuring practice."
Thomas Northoff, Managing Partner of Deloitte Legal, adds: "Frank Tschentscher is an excellent addition to our practice with his experience and his range of expertise. We have a powerful team that cooperates excellently across offices and disciplines, and with Frank Tschentscher's addition, we see ourselves very well positioned in the market."
At Deloitte Legal, Frank Tschentscher will be working with a Banking & Finance- and M&A-team with many years of advisory and transaction experience at a national and international level. In the restructuring area, the spectrum ranges from refinancing and rescue financing to complex cross-border restructurings and distressed M&A transactions. One of the particular strengths of the restructuring practice is the firm's full-service approach. Clients receive comprehensive advice from a single source on restructuring, refinancing, contentious disputes and M&A projects in a crisis environment.
Deloitte Legal is strengthening itself with Frank Tschentscher, not only for the expected increase in preventive restructuring measures within the framework of the newly introduced German StarUG, but also for the increasing need of companies and managing directors for advice in the crisis and in out-of-court restructurings.