Frank Grell

  • Partner
  • Efrank.grell@lw.com
  • Warburgstrasse 50
  • 20354 Hamburg
  • Germany
  • T +49.40.4140.30
  •  
 

Profile

Frank Grell helps clients navigate distressed situations related to restructuring or insolvency. He chairs the German Restructuring & Special Situations Practice and the German Finance Department. Mr. Grell has earned a strong reputation from clients and leading publications for his empathetic approach and ability to craft pragmatic and commercial solutions in high-pressure or crisis situations.

Mr. Grell advises: 

  • Companies, management, and shareholders in a financial or operational crisis 
  • Creditors in all phases of financial restructurings, including debt-equity swaps, share pledge enforcements, and insolvency plan proceedings 
  • Investors on the acquisition of distressed companies and on restructuring, rescue financing, or refinancing transactions, including debt-equity swaps 
  • Insolvency administrators on M&A, restructurings, or disputes
  • Complementing his transactional work, he also represents parties in claw-back and liability cases.

Mr. Grell is a board member of TMA Germany e.V. and of Norddeutsches Insolvenzforum e.V. (Insolvency Forum of Northern Germany).

He regularly speaks and writes about insolvency and restructuring matters.

Accolades and Rankings

Mr. Grell has earned widespread recognition for his work, including:

  • JUVE 2019/2020 for Restructuring and Insolvency as well as Corporate Law
  • The Legal 500 Hall of Fame
  • Handelsblatt Best Lawyers 2019 for Restructuring and Insolvency and Lawyer of the Year for Banking & Finance in Germany
  • Chambers Europe Germany 2019 as a “leading figure of his generation” for Restructuring/Insolvency
  • IFLR1000 2020 for Restructuring in Germany
  • The Legal 500 EMEA 2019 for Restructuring

Experience

Mr. Grell’s recent experience includes advising:

Companies
  • German-based recycling group
  • Thomas Cook in restructuring
Creditors
  • Agent/Security Agent in the protective shield proceedings and subsequent sale of the Neumayer Tekfor Group
  • Bank consortium in restructuring of Tom Tailor
  • HayFin as majority lender in connection with the restructuring of A.T.U
  • Senior lenders in the insolvency and sale of DruckChemie Group
  • UniCredit as agent/security agent in the loan-to-own restructuring of Klöckner Pentaplast Group
Investors
  • Anchorage and Goldman Sachs on the investment in Stabilus
  • Carlyle in the acquisition and restructuring of Klenk Holz as well as in the insolvency of Kettler
  • H.I.G. Europe and Anchorage as investors in the debt to control restructuring, protective shield/insolvency plan proceedings, and sale of walter services group
  • Private equity investors on the intended acquisitions of MIFA Mitteldeutsche Fahrradwerke AG, Scherer & Trier, and Weltbild
  • Strategic bidder Chiho-Tiande Group in the acquisition of Scholz Group, acquiring the target by way of a debt-to-equity swap out-of-court
Insolvency Administrators
  • Administrator of Air Berlin on its claims against shareholder Etihad
  • Administrator of Schneider Versand / creatrade on sale to Klingel

Thought Leadership

  • Tax Exemption Offers Relief in the German Restructuring Market -  November 23, 2018
  • Germany: Insolvency Claw-Back Reform Provides Some Relief for Creditors -  October 01, 2017
  • Upheaval in the German Restructuring Market: Need-to-Know Facts, Alternative Tools, and New Draft Law -  June 30, 2017
  • Germany: Insolvency Claw-back Reform Provides Some Relief for Creditors -  May 16, 2017
  • Update: Upheaval in the German Restructuring Market: Need-to-Know Facts, Alternative Tools and New Draft Law -  March 15, 2017
  • Upheaval in the German Restructuring Market – Need-to-know Facts and Alternative Tools -  February 16, 2017
  • London Blog: European Restructuring Landscape Improves with Multiple Reforms -  June 08, 2016
  • Veränderte Regularien fördern alternative Finanzierungsformen -  January 27, 2016
  • Bond Restructurings in Germany Now Available More Broadly -  February 27, 2015
  • Stimmverbote in Gläubigerversammlung und Gläubigerausschuss -  October 01, 2014
  • Germany's Move to a Restructuring-based Approach to Insolvencies -  May 01, 2014
  • Pre-Packaged Insolvencies on the Rise in Germany? Evaluating the German ESUG -  March 01, 2014
  • Germany’s Insolvency Reform Enables Loan-To-Own Strategies -  October 31, 2013
  • Verbesserung der Gläubigermitbestimmung in Insolvenzverfahren -  May 10, 2013
  • German Insolvency Laws Continue to Facilitate Out-Of-Court Restructurings: German Legislation Resolves to Permanently Apply Current Restructuring Friendly Overindebtedness Regime -  December 06, 2012
  • Insolvency Reforms in Europe -  July 31, 2012
  • Recognition of English Schemes of Arrangements in Germany: Latest Developments in the Equitable Life Case -  May 29, 2012
  • Change-of-Control Provisions in Debt-Equity-Swaps Under New German Insolvency Act -  April 03, 2012
  • New Options for Creditors in German Insolvency Proceedings – German Parliament passes “Act for the Further Facilitation of the Restructuring of Companies” (Gesetz zur weiteren Erleichterung der Sanierung von Unternehmen, ESUG) -  November 14, 2011
  • Neue Möglichkeiten für Gläubiger in Insolvenzverfahren -  November 14, 2011
  • Significant Steps Towards More Creditor Controlled Insolvency Proceedings in Germany -  December 15, 2010
  • Dubai World Fends Off Global Financial Crisis -  December 1, 2011
  • Chapter 11 als Vorbild für ein besseres Insolvenzrecht -  September 14, 2010
  • Germany:In-Court Versus Out-of-Court Restructurings -  October 28, 2009
  • German Legislation to Limit Application of Over-Indebtedness Test to be Extended Beyond 2010: More Chances for Out-Of-Court Restructurings -  August 31, 2009
  • Die Chance im Scheitern -  June 12, 2009
  • Recent Developments in Avoidance of Global Assignments -  May/June 2008
  • ImmoInfo, Nr.2/2008 -  March 2008
  • Immo Info, Issue 2 - December 2007 -  December 2007
  • Financing in Germany: Recent Developments on Avoidance of Global Assignments -  December 14, 2007
  • Immo Info, Issue 1 - July 2007 -  July 2007
  • Guide to Distressed Debt and Turnaround Investing -  April 2007
  • Debt Equity Swap ist ein Rettungsanker in Krisenzeiten -  March 7, 2007
  • Restrukturierung - Einfallstor Kredit -  2006 Februar
“A leading figure of his generation.”Chambers Europe Germany 2019
Bar Qualification
  • Rechtsanwalt (Germany)
Education
  • Second German State Exam, Higher Regional Court, Hamburg, 2000
  • LLM, University of San Diego School of Law, 1998
  • First German State Exam, University of Hamburg, 1995
Industries
  • Aerospace, Defense & Government Services
  • Financial Institutions
  • Automotive
Practices
  • Restructuring & Special Situations
  • Litigation & Trial Practice
  • Capital Markets
  • Mergers & Acquisitions
  • Banking