DLA Piper advises VARTA AG on significant milestone: Restructuring plan now legally binding
DLA Piper has advised VARTA AG on another significant milestone in its restructuring process. The Stuttgart Regional Court has rejected as inadmissible all immediate appeals against the decision of the Stuttgart Restructuring Court of 11 December 2024 to confirm the restructuring plan of VARTA AG. The Regional Court of Stuttgart did not allow an appeal, meaning that VARTA AG's restructuring plan is legally binding now.
With this decision, the restructuring plan will be implemented and the delisting will take place in the near future.
DLA Piper advises VARTA comprehensively on legal matters since the beginning of the restructuring. The law firm most recently supported the company, inter alia, in concluding a bridge loan and a lock-up agreement, as well as restructuring, investor and financing agreements as part of the ongoing restructuring process under the StaRUG. The StaRUG proceedings were advised by DLA Piper together with the law firm Grub Brugger.
DLA Piper advised VARTA AG with a team co-led by partners Dr Roland Maaß (Capital Markets, Frankfurt) and Florian Bruder (Restructuring, Munich/Frankfurt). The team also included partners Dr Wolfram Distler, Eike Neugebauer (both Finance), Dr Konrad Rohde (Tax; all Frankfurt), counsels Juliane Poss (Capital Markets), Patrick Reuter (Finance) and Sven Bischoff (Tax; all Frankfurt), senior associates Theresa Schenk (Capital Markets), Emel Toluay-Ayhan (Finance), Daniel Osmanovic (Corporate/M&A), Dr Pascal Hornstein (Tax; all Frankfurt), as well as associates Theresa Keß, Albatrit Haliti (both Restructuring), Alexander Hofsepjan (Capital Markets), Sindy Martin, Cennet Issenin (both Finance) and Katharina Verdan-Chabray (Tax; all Frankfurt).
The team was also supported by Senior Legal Project Manager Tamara Schanz, Legal Project Manager Mariama Jarju and Transaction Specialist Arne Klingelhöfer.
The law firm Grub Brugger advised VARTA AG with Dr Frank Schäffler, Dr Thilo Schultze, Dr Jasmin Urlaub and Dr Ulrich Lägler.
From VARTA AG, General Manager of Legal and Compliance as well as Human Resources, Julia Weber, was involved.