Kammel, Dr. Volker

Current Employment Position(s)

Partner

Languages

• Afrikaans
• English
• German

Lawyer Overview

Volker Kammel's practice focuses on restructuring and insolvency, mergers and acquisitions, and rescue financing. He advises investors on the acquisition of distressed businesses and the purchase of nonperforming loans, including loan-to-own strategies, and represents companies in financial difficulty, their managements, and their shareholders in complex restructurings. He acts for financial institutions, suppliers, and other stakeholders in restructurings, refinancing transactions, and insolvency proceedings, including representation on creditor committees and in creditor assemblies, restructuring plan negotiations, and insolvency-related litigation.

Volker's recent major investor representations include advising Cerberus, Goldman Sachs, International Automotive Components Group, and WL Ross & Co. in a number of transactions. Selected creditor matters include representing lenders in the Schieder Möbel, Systor Group, Swiss Air, and Venture/Peguform insolvency cases. Ongoing restructuring matters involve a significant number of automotive suppliers in financial distress and recent restructurings include advice to Dana Corporation on the divestment of its shareholdings in GETRAG GmbH & Cie KG and on its pan-European receivables securitization.

Volker's high-profile representations prior to joining Jones Day include advice to financial institutions in the insolvency proceedings of Fairchild Dornier, the Hahn Real Estate Group, and Kirch Media. He acted for Philipp Holzmann AG in the company's 1999 restructuring.

Volker is a member of the insolvency and restructuring practice group of the German Bar Association and of the Association of Bank Lawyers. He has published and lectured extensively on distressed mergers and acquisitions, cross-border insolvencies, and other insolvency-related matters.

Areas of Practice

• Business Restructuring & Reorganization
• Private Equity
• Chapter 11 Debtor Representations
• Official Unsecured Creditors' Committees
• Secured Lender Groups
• Bondholder Committees
• Distressed Mergers & Acquisitions
• Global Restructuring Matters
• Other Significant Creditor Representations
• Out-of-Court Restructurings
• Restructuring-Related Lending & Finance
• Buyouts

Representative Cases

• ABN AMRO and other banks complete €1 billion of notes in an offering by Landwirtschaftliche Rentenbank
• Barclays Bank, Credit Suisse and HSBC Bank complete $1 billion public offering of 5% Notes by Landwirtschaftliche Rentenbank , (2009)
• BNP Paribas and Morgan Stanley complete offering of $750 million of Notes by Landwirtschaftliche Rentenbank from its Euro Medium Term Note Programme.
• Cerberus Partners acquires non-performing loan portfolio from Bayerische Landesbank
• Credit Suisse First Boston and JPMorgan complete €1 billion offering of notes
• Dana Corp sells interest in GETRAG for $205 million
• Dana securitizes receivables , (2009)
• Deutsche Bank and others underwrite $1.5 billion public offering of notes by Landwirtschaftliche Rentenbank , (2009)
• EuroStoxx 50 company establishes pension for employees
• Exide obtains $495 million lending facility
• Fortis Bank, ING Belgium and Dexia Banque complete offering of ISK $2 billion of Notes by Landwirtschaftliche Rentenbank
• International Automotive Components acquires Stankiewicz and Gimotive , (2009)
• Inveni purchases shares in Priaxon
• JPMorgan leads Peguform/Venture steering committee
• Leading global investment banking firm acquires German bank portfolio
• Mayflower Corporation sells German subsidiaries
• Merrill Lynch updates Rentenbank prospectus
• Multiple banks hold loans in connection with Kirch Media
• Patriarch Partners recapitalizes Dura Automotive , (2010)
• Philipp Holzmann AG restructures
• Royal Bank of Scotland issues £250 million of notes in offering by Landwirtschaftliche Rentenbank from its Euro Medium Term Note Programme
• Textile manufacturer restructures $155 million debt , (2009)
• Toronto-Dominion Bank completes public offering of C$600 million of Global Bonds by Landwirtschaftliche Rentenbank
• Toronto-Domonion Bank and UBS complete offering of MXN $500 million of Notes by Landwirtschaftliche Rentenbank
• UBS completes $250 million of Notes in offering by Landwirtschaftliche Rentenbank
• UBS completes ¥10 billion of Notes in offering by Landwirtschaftliche Rentenbank , (2009)
• UBS completes ISK $3 billion of Notes in offering by Landwirtschaftliche Rentenbank
• UBS completes MXN $400 million of 8.00% Notes in offering by Landwirtschaftliche Rentenbank
• Veolia obtains financing for Berlin water affiliate
• WL Ross & Co. completes IPO of €121 million of Bearer Shares on the Frankfurt Stock Exchange by VTG Aktiengesellschaft
• WL Ross acquires interest in VTG

West Practice Categories

Banking & Finance Law, Bankruptcy Law, Business & Commercial Law, Business & Trade, Business Organizations, Collections & Repossessions, Collections & Repossessions, Commercial Bankruptcy, Commercial Leasing, Consumer Bankruptcy, Creditors' Rights, Debt Discharge, Foreclosures, Garnishment, International Law, Lending & Secured Transactions, Mergers, Acquisitions & Divestitures, Reorganizations, Reorganizations & Restructuring, Securities Law, Venture Capital, Workouts

Bar Admissions

• Germany

Education

• Baden-Wuerttemberg - Germany
• Ruprecht-Karis Unv - Germany
• U Heidelberg - Germany

Published Works

• Internationales Insolvenzrecht, chapter in Beck/Depré, Praxis der Insolvenz, Second Edition, 2009
• Suppliers’ rights in the insolvency of a German company, In House Lawyer, 2008
• Germany Adopts Its Own Rescue Package for Financial Institutions, 2008
• German Federal Supreme Court Decides on Set-Aside of Global Assignment of Trade Receivables, 2008
• Focus on Europe: Recent Developments Affecting Distressed Asset Investors and Lenders in Germany, 2007
• German Business Restructuring and Reorganization News, 2007
• Corporate Acquisitions Through Debt-Equity Swaps in Germany, 2006
• Die Bestimmung der zuständigen Gerichte bei grenzüberschreitenden Konzerninsolvenzen, NZI, Heft 6, 2006, p 334-338, 2006
• Investitionen in notleidende Kredite, chapter in Brühl / Göpfert, Unternehmensrestrukturierung, 2004, 2004
• Focus Abroad: Corporate Insolvency in Germany, 2004
• Software in der Insolvenz, chapter in Kilian / Heussen, Computerrechtshandbuch, 2002, 2002
• Country Report for Germany, Practitioner's Guide to Cross-Border Insolvencies, Arnason/Fletcher, 2001, 2001
• Ausgewählte Probleme des Unternehmenskaufs aus der Insolvenz, NZ1, 2000, 102, 2000
• Making a fresh start: the new Insolvency Code, coauthor, European Legal Business, March/April 1999, pg. 35, 1999
• National Report for Germany, coauthor, Rescue of Companies, 1998 (AIJA Publication), 1998
• Der Anwendungsbereich des Verbraucherkreditgesetzes unter Beschränkung auf Kreditverträge, dissertation, 1996, 1996
• International Insolvencies Under Current and Future German Law, coauthor, Tolley's Insolvency Law and Practice, 1995, vol. 11, pg. 3, 1995

Address

NEXTOWER
Thurn-und-Taxis-Platz 6
60313 Frankfurt am Main, Federal Republic of Germany

Phones

49.69.9726.3939 (Business Phone)

Faxes

49.69.9726.3993 (Business Fax)

Emails

Contact Us (Business Email)

Websites

http://www.jonesday.com