ILLIES Group has taken over EKC Machinery & Plants GmbH’s business divisions concerning the markets Indonesia and Vietnam. On 17 June, insolvency proceedings were opened against EKC Machinery & Plants GmbH, a supplier of industrial solutions including the supply of machines, equipment and know-how. GvW Graf von Westphalen advised ILLIES Group on this acquisition in the course of insolvency proceedings.
ILLIES Group with its headquarters in Hamburg offers commercial and technical solutions in the field of international trade with investment goods and has been advising its business partners on funding, insurance and transport for more than 150 years. The company has 20 locations in total –18 of which are in Asia – and focusses on business in Asia. The acquisition of EKC Machinery & Plants GmbH’s business divisions fits in with the group’s strategy to further expand its core business in Asia.
Hamburg-based partner Christian Mayer-Gießen (M&A, corporate law and trade law) and Dr Jan Tobias Hartmann (employment law) advised ILLIES Group on this transaction.
Asia is also one of the most important growth markets for many other GvW clients. With the firm’s own office in Shanghai and Istanbul and its Indian desk, the firm’s solicitors have advised numerous German medium-sized companies on their business relations with companies in China, Turkey and India. In addition to acquisitions and participations (e. g. joint ventures), supply agreements, IP topics, issues regarding customs and foreign trade law (amongst others, the “Iranian embargo”) and arbitration proceedings play a central role in the advisory business with the Far East.
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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