Two magic circle firms have taken lead roles on the bankruptcy of a leading German automotive company. Freshfields Bruckhaus Deringer and Linklaters are advising TMD Friction as the brake pads producer files for insolvency after piling up debts of more than €350m (£300m). Freshfields London-based restructuring and insolvency partner Richard Tett is understood to be advising TMD's lenders, along with finance partners Peter Hall and Lars Westphal, based in London and Hamburg respectively.
December 09, 2008 at 09:30 AM
1 minute read
The original version of this story was published on Legalweek
Two magic circle firms have taken lead roles on the bankruptcy of a leading German automotive company.
Freshfields Bruckhaus Deringer and Linklaters are advising TMD Friction as the brake pads producer files for insolvency after piling up debts of more than €350m (£300m).
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