Vukmir & Associates, working with the German offices of Taylor Wessing, Reimer Rechtsanwaelte, and White & Case, has advised Ludwig Pfeiffer Hoch- und Tiefbau on the hive-down of all Croatian assets to the newly established Ludwig Pfeiffer Adria and its full sale to Croatian construction companies AMM and Vodoprivreda Vinkovici. Bradvica Maric Wahl Cesarec Skerlev advised the buyers.
Ludwig Pfeiffer Hoch- und Tiefbau is a civil engineering company specializing in the construction of water supply and wastewater networks and is currently under debtor-in-possession management.
According to Taylor Wessing, the "hive-down under the German transformation act was preceded by an insolvency plan, extensive coordination with the registry and insolvency court as well as the local Croatian contractors (water authorities in Zadar, Nin and Sinj) in order to maintain the public tenders in the context of the hive-down and the sale."
The Croatian buyer consortium comprising of AMM and Vodoprivreda Vinkovici will continue the construction projects in Croatia.
The Vukmir & Associates team included Partner Ivan Cuk and Senior Associates Tea Cerinski and Andrea Kozul Pedisic.
The BMWC team included Partners Matthias Wahl and Gabriele Wahl Cesarec and Junior Partner Jan Gebauer.
The Taylor Wessing team included lawyers in Munich and Frankfurt.
