Press Reviews

The magazine reports about the Achievement of PLUTA Expert Dr Thiemann who found the ideal solution for JT Touristik.

The magazine reports that PLUTA Expert Dr Thiemann guarantees all JT Touristik trips until the year ends.

After extensive research, Global Restructuring Review published an inaugural GRR 100, an annual guide to approved law firms for cross-border restructuring and insolvency matters around the world. PLUTA is listed in this guide. GRR writes: The outward-looking German insolvency specialists continue to dominate the domestic market with a steady stream of court appointments. Pluta, which developed a stranglehold on the German restructuring market through gradual absorption of smaller firms, has recently turned its expertise in the German market to cross-border work.

The international magazine reports that PLUTA continues to grow, adding Bremen and Beck at the beginning of 2017, further consolidating its market position across Germany.

GRR invited 10 cross-border insolvency practitioners in London. The only German roundtable participant was Ivo-Meinert Willrodt, a partner at PLUTA in Munich. He argued that it will be very difficult for the UK to continue „marketing“ its schemes to Europe in light of the recognition issues accompanying Brexit. Willrodt also pointed to a new business insolvency directive proposed by the EU, which would introduce harmonised restructuring rules including pre-insolvency procedures all around Europe. He also explained the situation in Germany. Some German companies have changed their COMI to take advantage of different domestic courts.

The German parliament has passed an amendment to its insolvency code, providing clarity on the status of “netting” arrangements in financial transactions.