Frank Tschentscher

Frank Tschentscher

Frank Tschentscher

Hamburg

T +49 40 18067 10420

Lawyer
Partner
Solicitor (England & Wales) *

Areas of Practice

Frank Tschentscher advises on national and international reorganisation and insolvency law in restructuring situations. He regularly represents groups of international financial creditors and/or banking syndicates when companies (including listed companies) are reorganised out of court, but also conducts negotiations on behalf of the debtor, in addition to taking on overall responsibility for planning and implementing complex restructuring projects in Germany and abroad. His range of advisory services further includes advising and representing foreign or German insolvency administrators and other parties involved in German or cross-border insolvency proceedings.

Frank Tschentscher has published numerous works on topics relating to insolvency law and is a frequent lecturer at national and international conferences. He co-authored the commentary on european insolvency regulation published by Dr Andreas Schmidt.

Practices
Vita

After successfully completing a commercial training programme, Frank Tschentscher studied law at the University of Hamburg (Germany). Following his admission to the German Bar in early 2000, he initially worked for a renowned (big four) audit firm before leaving Germany to join a well-known law firm in England, where he focused on providing restructuring and insolvency advice, especially in a cross-border context. In 2003, Frank Tschentscher was admitted as a Solicitor of England & Wales; in 2005, he became a Partner in the English law firm. Frank Tschentscher returned to Germany in 2009 and was for many years a Partner in a leading German insolvency law firm before joining Luther in 2019, where he now is a member of the Commercial team.

Frank Tschentscher is vice-president of INSOL Europe, an international organisation of professionals who specialise in insolvency, business reconstruction and recovery.

Honors and Distinctions
  • Best Lawyers (2021): Award in "Mergers and Acquisitions Law" and "Restructuring and Insolvency Law"
  • The Legal 500 Germany (2020): Mention in Restructuring and Insolvency - Restructuring
  • Handelsblatt / Best Lawyers - Germany´s Best Lawyers (2019)
  • often recommended by JUVE in the Area of Restructuring & Insolvency (since 2010)
Clients

  • Restructuring of an infrastructure project – project company in a PPP: advised and represented an international banking syndicate in connection with the financial reorganisation and restructuring of a federal highway expansion project (so-called “A-Modell”) with a complex financing structure and international shareholders involving the Federal Republic of Germany
  • Scholz Holding GmbH: advised and represented a German bank creditor in connection with the restructuring efforts undertaken by the Scholz Group
  • German shipyard group: represented a shipyard group having three locations in Northern Germany and approximately 1,400 employees in negotiations with the Group’s relevant foreign client and (separately) with the state government regarding the Group’s restructuring and/or reorganisation and developed and implemented a sustainable reorganisation plan
  • Restructuring of the financial liabilities of SolarWorld AG: acted as representative and chief negotiator for the relevant par-lender bondholders in connection with the successful reorganisation of SolarWorld (volume: corporate bond liabilities in the amount of EUR 352.5 million)
  • Merkle family in connection with the reorganisation of Ratiopharm GmbH, PHOENIX Pharmahandel GmbH & Co KG, and HeidelbergCement AG: advised and represented the shareholders during the reorganisation and restructuring of the liabilities of the entire group of companies, total volume: approximately EUR 15 billion (EUR 9 billion for Ratiopharm and Phoenix); acted as chief negotiator for the family in negotiations with the banks (Steering Committee)
  • Reorganisation of Crest Nicholson Group Limited, an English company, by means of a Scheme of Arrangement: advised and represented a German bank creditor, advised on the financial restructuring of corporate liabilities amounting to approximately GBP 1.1 billion (debt-to-equity swap)

Publications