Dr. Olaf Benning advises clients in out-of-court restructurings, formal insolvency proceedings, and distressed M&A transactions. Major customers and suppliers of distressed companies have relied on him to assert their rights in the critical situations before and after filing for insolvency. He has particular experience in cross-border cases and has represented financial investors, large market players, and distressed companies in the retail, solar energy, automotive, chemicals, and financial services sectors in connection with out-of-court restructurings of portfolio companies or the restructuring of entire groups of companies or selected subsidiaries.
Olaf has been involved in formal insolvency proceedings for numerous clients, including American Apparel, MEXX, and Hein Gehricke (retail); Q-Cells, Solarwatt, and Gehrlicher Solar (solar energy); Qimonda (memory chip manufacturer); Cinterion Wireless Modules (technology company); and A-TEC Industries (Austria). Prior to joining Jones Day, Olaf was advising Lehman Brothers with respect to German law issues arising in its chapter 11 proceedings, Värde Partners on its acquisition of a large real property portfolio from German bank HVB, and Cerberus during its acquisition out of insolvency of the entire business of German automotive supplier Peguform.
Olaf is a member of the Turnaround Management Association (TMA) and of the German-American Lawyers' Association.
- University of Regensburg (Dr. jur. 2010); Second State Examination (Hamm, 1996); German University of Administrative Sciences Speyer (Postgraduate studies, 1995); First State Examination (Münster, 1993); University of Münster (1988-1993)
- Federal Republic of Germany
- United Nations Office of Legal Affairs, International Trade Law Division, UNCITRAL (Vienna, Austria/January 1997-July 1998)
JUVE German directory 2008-2009 — "One of the most diligent lawyers I have experienced"
The Legal 500 Germany 2016
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