Jones Day has strengthened its restructuring practice in Germany with the hire of a partner from Ashurst.

Alexander Ballmann specialises in insolvency and restructuring proceedings, as well as distressed M&A transactions, and will join the US-based firm’s business restructuring and reorganization practice in Munich.

“Alexander has deep roots here in Munich, and is generally regarded as one of the most sought-after legal advisers for navigating insolvency proceedings, restructuring situations and insolvency law related disputes,” said Friederike Steininger, partner-in-charge of Jones Day’s Munich office. “His tremendous insights into business restructuring challenges will be a valuable asset to our clients in Munich and worldwide.”

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