Frankfurt/Main – Rimon is pleased to welcome bankruptcy, restructuring and insolvency partner, Oliver Otto, to the firm’s recently opened Frankfurt office in Germany.
Mr. Otto joins Rimon from DLA Piper where he was Counsel. Mr. Otto specializes in bankruptcy and restructuring with a focus on the finance, technology, energy, and manufacturing sectors. He represents creditors in insolvency proceedings as well as in fraudulent insolvencies. He also provides counsel to corporate entities and executives in near-insolvency scenarios.
Mr. Otto’s recent work includes advising a state fund on the recovery of its investment in a German-African solar project and advising a private fund on its exit from an investment in the German health sector. He has advised large corporate groups on tailoring and implementing financial restructuring measures. Mr. Otto also regularly advises on the insolvency remote structuring of a variety of financial tools, including leasing products. Clients from the banking and investment sectors regularly approach Mr. Otto for assistance in the structuring and implementation of NPL portfolio solutions, both sell-side and buy-side.
“I am excited to join the Rimon team and to offer a full set of finance and restructuring services for creditors and debtors,” said Mr. Otto on joining Rimon. “Rimon’s flexible and agile structure will add significant value for my clients. I am very much looking forward to working closely with the other well-respected teams at Rimon to provide comprehensive and integrated high end legal services.”
Rimon has been rapidly expanding its European and global presence, opening Frankfurt in September 2021. Its European footprint covers offices in Berlin, Frankfurt, London, Paris, Warsaw, and Moscow. With a revenue increase of more than 50 percent in 2020, Rimon is one of the most dynamically growing law firms worldwide.
“We are very excited to continue to grow the German arm of Rimon,” said Michael Moradzadeh, CEO and Founding Partner of Rimon. “We have seen high demand in Europe for our model of legal services and we are pleased to add talented attorneys like Oliver to our team. We have grown our European presence significantly in the last year – we now have offices in London, Paris, Warsaw and Moscow as well as Frankfurt and Berlin in Germany. We are anticipating future expansion in Germany and Europe generally.”
Frankfurt Partner Bernd Geier said, “Oliver Otto is a well-known expert in restructuring and core finance, respectively. We are delighted to welcome him strengthening our banking and restructuring practice. He will seamlessly advise clients together with our tax and regulatory team.”
Frankfurt Partner, Stephan Krampe also commented: “Oliver is a key player in our full-service approach and underscores our ambition to grow our German operations with further lateral partner hires.”
Mr. Otto received his legal education at Johann Wolfgang Goethe-University Frankfurt am Main and the higher regional court at Frankfurt am Main.