We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

Hogan Lovells advises Erste Abwicklungsanstalt on the acquisition of risk assets and non-strategic business units of WestLB

10 May 2010

FRANKFURT, 10 May 2010 - Hogan Lovells advised Erste Abwicklungsanstalt (EAA) on the acquisition of risk assets and non-strategic business units from WestLB AG and some of its subsidiaries in the total nominal amount of €71 billion. The assets were transferred to EAA on 30 April with retroactive effect as of 1 January 2010. We advised EAA in all relevant legal aspects of the transaction.

EAA is organised as a German public sub-agency under the auspices of the German Financial Market Stabilisation Agency which is responsible for administering the German Financial Stabilisation Fund. EAA was established in December 2009 to act as a "wind down agency" for risk positions and certain non-strategic business segments acquired from WestLB.

Hogan Lovells' team for EAA:

Lead partners:
Franz-Josef Schöne (Corporate/M&A)
Tim Brandi (Corporate/M&A, Banking Regulatory)
Sven Brandt (Finance and Banking Regulatory, Capital Markets)

Further team members:
Christoph Louven, Holger Stabenau, Olena Tokman (all Corporate/M&A), Richard Reimer (Banking Regulatory), Julian Fischer, Anna Rogge (all Finance, Capital Markets), Michael Dettmeier, Heiko Gemmel (all Tax), Martin Sura, David Juentgen (all Antitrust), Marcus Schreibauer (IP/IT, Data Privacy), Kerstin Neighbour (Employment).

About Hogan Lovells


Hogan Lovells combines the breadth of business-oriented legal advice and high-quality service that clients have come to expect through working with its two founding firms – Hogan & Hartson and Lovells.

Hogan Lovells (the "firm") refers to the international legal practice comprising Hogan Lovells International LLP, Hogan Lovells US LLP, Hogan Lovells Worldwide Group (a Swiss Verein), and their affiliated businesses, each of which is a separate legal entity. Hogan Lovells International LLP is a limited liability partnership registered in England and Wales with registered number OC323639. Registered office and principal place of business: Atlantic House, Holborn Viaduct, London EC1A 2FG. Hogan Lovells US LLP is a limited liability partnership registered in the District of Columbia.

The word "partner" is used to refer to a member of Hogan Lovells International LLP or a partner of Hogan Lovells US LLP, or an employee or consultant with equivalent standing and qualifications, and to a partner, member, employee or consultant in any of their affiliated businesses who has equivalent standing. Rankings and quotes from legal directories and other sources may refer to the former firms of Hogan & Hartson LLP and Lovells LLP. Where case studies are included, results achieved do not guarantee similar outcomes for other clients.

Loading data