DLA Piper

Comment: A highly recommended firm for corporate litigation which is constantly developing its advice in D&O liability cases. Munich partner Gädtke has managed to increase the size of the team and thus the power of the practice over the past few years. Advice to the Deutsche Bank CEO on the Breuer settlement says a lot about the quality of these instructions. DLA profits here from its international alignment, for instance on matters pertaining to US law. Hence it also being active on behalf of other banks, above all for a high number of companies with regard to breaches of organizational obligations. A current example here is the firm’s work in so-called “fake president” frauds. Compared with Noerr, for instance, where advice given to both companies and insurers at the same time was recently viewed as a strategic stumbling block, DLA takes a more opportunistic approach to instructions and is also more frequently seen representing longstanding insurance clients. A highlight in terms of stock corporation disputes recently came in the advice to Strabag SE as minority shareholder in Strabag AG. The complicated case underlines the renown of the corporate lawyers in this field.
Recommended: Dr. Thomas Gädtke (“specialist in insurance law, esp. D&O”, competitor), Dr. Andreas Meyer-Landrut.
Practice: D&O disputes for ?insurers and companies, also traditional legal challenges involving capital markets and shareholder disputes arising from ?corporate advice. Disputes on the interface with ?insolvency, ?white collar crime and ?compliance. (Corporate: 15 partners, 4 counsel, 22 associates, 1 of counsel; dispute resolution: 5 partners, 5 counsel, 13 associates)
Clients: ?? Strabag SE in legal challenge against AGM resolution on appointment of special representative; public knowledge: Deutsche Bank CEO on settlement with former CEO Breuer on D&O liability claims; BayernLB against former management and administrative board members concerning acquisition of Hypo Alpe Adria and ABS Investments; CEO on pursuing damages claims emerging from tortious acts concerning former members of staff.
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