This site makes use of Javascript, please enable your web browser to allow Javascript. Thank you.

Jungermann Quoted in German Tagesschau.de

April 15, 2009

Dr. Sebastian Jungermann (Partner, Litigation, Frankfurt Office) was quoted in the article "Car Manufacturer is Preparing Itself for a GM Insolvency — The Life Boat for Opel is Ready" on the German prime news portal tagesschau.de, dated April 15. The German article deals with GM and a possible plan for a "surgical" prepackaged Chapter 11 filing with a "good" and a "bad" part, with its German affiliate Opel and Opel's IP, which has been transferred to its parent GM, as well as a €300 million intercompany loan from Opel to its U.S. parent GM. Along with some Opel managers, SEBASTIAN was quoted as stating that such a Chapter 11 filing in the U.S. would not necessarily hurt GM's German affiliate Opel, which certainly is a pearl in the GM portfolio. And in theory, a reorganization with such a "surgical" prepackaged filing can be a very fast and efficient way out of bankruptcy.