Michael Magerl

Aug 1, 2024 | mondaq.com | Christian Holzer |Michael Magerl |Mid-Market Transactions

In our practice, we have found that the most common reason for distressed companies to initiate reorganisation measures is a severe liquidity squeeze. Driven by regulation, banks are increasingly reluctant to grant senior bridge financings, leading companies to resort to trade credits of major suppliers, such as deferrals or generous payment agreements. But these trade creditors are often unaware of significant third-party liability risks.

Jul 10, 2023 | lexology.com | Michael Magerl |Iris Stiefelmeyer

Schoenherr advised Tello Holding AG on the acquisition of the majority stake in VA Intertrading Aktiengesellschaft (VAIT) by taking over Kairos Industrie Holding GmbH. The former VA-Tech CFO Dr. Hanno Bästlein has sold 100% of his shares in Kairos Industrie Holding GmbH to Tello Holding AG, which is owned by Swiss attorney-at-law and investor Dr. Wolfram Kuoni.