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David Von Saucken
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Oct 1, 2026
Restructuring in Germany and the Role of the UK with Luther Lawfirm Partners
27:29

Stephen PhillipsHOST
I, I guess, David, the, the interesting question is why, uh, do we end up with any of these other processes that we've been talking about? Because the, the-- there's quite a lot of, um, let's say, self-interested pressure to just go straight into an insolvency process.
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27:52David von SauckenGUEST
Um, on the other hand, uh, sort of people quite often, quite often, especially in a protective, um, in a protective shield, uh, procedure, you quite often see or self-administration, you, you quite often see that direct-directors are being changed, right? So the direct-directors that, uh, who are being nervous, they get the opportunity to, to get out.
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28:16David von SauckenGUEST
Um, professional comes in, and he's also, or she in, in very rare cases, um, would be the, um, would be also, um, the, the chief restructuring officer after, um, the procedure kicks off, right? So you see that a lot so that, um...
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28:37David von SauckenGUEST
Be-because people know that, right? Restructuring professionals know that you can't just, uh, take a, a regular, um, director who's basically, uh, experienced in the industry but, um, not really in restructuring and expect, um, to, to just think through all these intricacies.
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28:56David von SauckenGUEST
Um, and, and Oliver, of course, um, he, he, he works a lot with directors when they're, when in this, uh, position.
14 MINS LATER
O
42:59Oliver KöhlerGUEST
So the court said, "Yes, you can do that." And then, um, the court said, "Well-