Global law firm White & Case LLP has advised The KaDeWe Group GmbH, the operator of three German luxury department stores, on its self-administration proceedings, including insolvency and reorganization law, employment and tenancy law, and on the sale of the business operations to Thai Central Group.
At the reporting meeting at the Berlin-Charlottenburg Local Court, the voting insolvency creditors of the KaDeWe Group confirmed the composition of the creditors' committee and the continuation of self-administration a few days after signing the purchase agreement with the Thai Central Group, and confirmed attorney Christian Graf Brockdorff LL.M., BBL Brockdorff Rechtsanwaltsgesellschaft mbH, as custodian.
To complete the transaction, the landlords of the department stores must agree on rental contracts with Thai Central Group on commercially reasonable terms.
The White & Case team which advised on the transaction was led by partners Christoph Schulte-Kaubrügger (Berlin) and Sylvia Fiebig (Hamburg) and local partner Moritz Müller-Buttmann (Berlin) and included partners Hendrik Roeger, Martin Munz (both Hamburg), Tim Bracksiek (Frankfurt), Thilo Wienke (Düsseldorf), local partners Steffen Meier and Florian Kleinschmit (both Berlin), counsel Andreas van den Eikel (Berlin) and associates Lucas Zoppke, Constantin Meimberg (both Berlin), Alexander Joost and Carola Boeckmann (both Hamburg).
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