Trust in over
25 years of experience
As a specialist in banking and capital market law, Mattil is one of the most experienced lawyers in Germany. Mr. Mattil has been appointed to the creditors' committee of many insolvency cases by the insolvency courts.
Bundle your interests with MATTIL. Much can be achieved by forming majorities.
MATTIL chambers looks back at over 25 years of experience in investor protection
On the creditors' committee at numerous insolvent investment companies
First successful precedent in Germany, conducted by law firm MATTIL (KAP 1/07 v 30.12 11)
Comprehensive, 25-year-long experience with capital investments of all kinds, particularly funds and interest-bearing securities
Clear and reliable agreement on fees (cost transparency).
For the fifth time in a row: Best law firm in Germany in investment law or corporate law (Handelsblatt/Best Lawyers 2015-2017)
Following the shocking news of the past few days, a renewed outcry has been heard in the press: parent company Wirecard AG today filed for insolvency; according to the company, it is still being examined whether this is also necessary it's subsidiaries
ZDF Morgenmagazin, 29.07.2020
Deutsche Welle, 29.07.2020
RA Mattil zu Wirecard, 12:30- 12:45 (englischsprachig)
ZDF Heute Journal, 29.07.2020
Frankfurter Rundschau, 23.07.2020
Stuttgarter Zeitung, 23.07.2020
Tagesschau ARD, 22.07.2020, 20 Uhr
plusminus ARD, 22.07.2020
Frankfurter Allgemeine, 25.06.2020
General Anzeiger Bonn, 25.06.2020
ZDF Heute, 25.06.2020, 19 Uhr
During the insolvency proceedings you can file your claims and hope that there will be a certain quota left for you. Insolvency proceedings rarely last less than 10 years, so the final loss can only then be quantified. We have seen insolvency proceedings that lasted 14 years and resulted in a quota of zero for the investors. The problem: claims for damages against the management, initiators, founders, auditors, etc. are subject to a limitation period of 3 years from the time when the breach of duty becomes known (i.e. usually from the time of insolvency). These 3 years pass quickly.
Claims for damages may be asserted against persons who founded or managed the company or supported and confirmed its business activities, e.g. by auditions. We will examine the prerequisites and prospects of success of a liability for you and, if applicable, enforce it.
Where supervisory boards and other controlling bodies are in place, the extent to which they are subject to liability as additional responsible persons with controlling and monitoring duties shall be examined. MATTIÖL examines to what extent the investor is entitled to direct claims for damages against this group of persons.
MATTIL is also reviewing claims for damages against the auditors of Wirecard AG, who issued an unqualified audit certificate for 2018 in Apr 2019. At that time, press reports about manipulations and fictitious sales were already reported. The law firm MATTIL has repeatedly and successfully sued auditors in other scandal cases.
Claims for damages may also exist against supervisory boards which also have a far-reaching supervisory duty (e.g. OLG Düsseldorf I-9 U 14/08). We will take our time to thoroughly examine these claims and, as soon as sufficient evidence is available, pursue them.
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Trust in over 25 years of experience
If your insurance company is willing to cover financial losses incurred, please do not hesitate to contact us. We will be happy to advise you on the appropriate measures to be taken in such a situation.
MATTIL is a highly recommended law firm for investor litigation.