Gleiss Lutz has represented Infineon Technologies AG (“Infineon”) in negotiations on and the agreement of a settlement with the insolvency administrator of Qimonda AG, advising the management and supervisory boards on the settlement.
The settlement marks the end of the legal dispute pending before Munich I Regional Court since late 2010, in which the insolvency administrator had claimed around EUR 3.4 billion plus interest, including for capital shortfall liability. Infineon will pay EUR 753.5 million under the settlement, comprising a nominal amount of EUR 800 million, less amounts from previous agreements with the insolvency administrator. The agreement settles all disputes and claims of the insolvency administrator against Infineon. Gleiss Lutz represented Infineon in the litigation before Munich I Regional Court from the start of the proceedings.
Infineon’s in-house team primarily comprised Rudolf von Moreau (General Counsel), Dr. Martin Bayerl, Dr. Dominik Kallweit for settlement negotiations, and was joined by Dr. Ulrike Grüning-von Schwerin, Dr. Franz Kirchmeier, Dr. Horst Meyer and Jan Thomas Swadzba for litigation.
Infineon was advised by the following team of Gleiss Lutz lawyers:
Settlement negotiations with the insolvency administrator and advising the management and supervisory boards on conclusion of the settlement: Prof. Dr. Michael Arnold, Dr. Dirk Wasmann (both lead, both partner, Stuttgart), Dr. Patrick Mossler (partner), Dr. Thorsten Gayk (counsel, both Hamburg, all Corporate), Dr. David Quinke (partner, Düsseldorf), Dr. Luidger Röckrath (partner, Munich, both lead), Dr. Adrian Bingel (partner, Capital Markets, Stuttgart), Dr. Tobias Harzenetter (partner, Insurance, Munich), Dr. Ocka Stumm (partner, Frankfurt), Dr. Johann Wagner (partner, Hamburg, both Tax), Dr. Nicholas Brand, Carsten Fitting, Laura Moench, Dominic Wolf (all Stuttgart), Meike Matthias (Hamburg, all Corporate), Paul Hentschel (Tax, Hamburg), Niklas Roulands (Litigation, Düsseldorf).
Litigation: Dr. Dirk Wasmann (lead, partner, Stuttgart), Dr. Patrick Mossler (partner, Hamburg, both Corporate), Dr. David Quinke (partner, Litigation, Düsseldorf), Dr. Thorsten Gayk (counsel, Corporate, Hamburg), Dr. Ulrich Soltész (partner, Competition/Antitrust, Brussels), Carsten Fitting, Laura Moench, Dominic Wolf (all Stuttgart), Meike Matthias (Hamburg, all Corporate), Alexander Daber, Dr. Stephan Kreifels, Niklas Roulands (all Litigation, Düsseldorf).
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